Eversource Energy (ES) financial statements (2020 and earlier)

Company profile

Business Address 300 CADWELL DRIVE
SPRINGFIELD, MA 01104
State of Incorp. MA
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments611523830243943
Cash and cash equivalents151083830243943
Short-term investments4644     
Receivables9899949259281,0811,194765
Inventory, net of allowances, customer advances and progress billings236238223329336350
Inventory236238223329336350 
Regulatory current assets651515742888846672536
Assets held-for-sale, not part of disposal group  220  
Costs in excess of billings201168203212225
Other current assets342261138135129226214
Other undisclosed current assets135132    303
Total current assets:2,4152,2922,4872,4782,6192,6922,087
Noncurrent Assets
Long-term investments and receivables1,321881585782516515489
Long-term investments1,321881585782516515489
Intangible assets, net (including goodwill)4,4274,4274,4273,5193,5193,5193,519
Goodwill4,4274,4274,4273,5193,5193,5193,519
Derivative instruments and hedges      74
Regulated entity, other noncurrent assets4,8644,6314,4973,6393,7384,0543,759
Restricted cash and investments     451424
Other noncurrent assets512863606522295350292
Other undisclosed noncurrent assets (464) (237) (451)(424)
Total noncurrent assets:11,12410,33910,1168,2258,0698,4388,132
Other undisclosed assets27,58525,61023,61721,35119,89218,64717,576
TOTAL ASSETS:41,12438,24136,22032,05330,58029,77827,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1481,1201,085885814868742
Accounts payable1,1481,1201,085885814868742
Debt338837550774229246533
Postemployment benefits liability    91015
Regulatory liability361370128147108235204
Other liabilities837823738685679829703
Other undisclosed current liabilities9219621,0881,1491,1529461,078
Total current liabilities:3,6064,1133,5893,6392,9903,1343,276
Noncurrent Liabilities
Long-term debt and lease obligation13,820    8,6067,777
Long-term debt, excluding current maturities13,771    8,6067,777
Finance lease, liability8
Operating lease, liability41
Liabilities, other than long-term debt10,4226,1489,6148,7188,2777,9636,976
Pension and other postretirement defined benefit plans, liabilities897
Deferred compensation liability, classified     58 
Asset retirement obligations489      
Deferred tax liabilities, net 3,2985,6075,1484,4674,029
Deferred income tax liabilities3,756
Liability, pension and other postretirement and postemployment benefits1,3709631,2281,1421,4071,639
Regulatory liability3,6583,6093,637702514515503
Other liabilities8111,1961,074853871874923
Derivative instruments and hedges, liabilities339380377414337410624
Other undisclosed noncurrent liabilities 3,506   (8,664)(7,777)
Total noncurrent liabilities:24,2429,6549,6148,7188,2777,9056,976
Total liabilities:27,84813,76713,20312,35711,26711,04010,252
Temporary equity, carrying amount156156156156156156156
Stockholders' equity
Stockholders' equity attributable to parent, including:12,63011,48711,08610,71210,3529,9779,612
Common stock1,7291,6691,6691,6691,6691,6671,665
Treasury stock, value(299)(318)(318)(318)310300327
Additional paid in capital7,0886,2416,2406,2506,2626,2366,193
Accumulated other comprehensive income (loss)(65)(60)(66)(65)(67)(74)46
Retained earnings4,1773,9543,5613,1752,7972,4492,126
Other undisclosed stockholders' equity attributable to parent    (620)(601)(745)
Total stockholders' equity:12,63011,48711,08610,71210,3529,9779,612
Other undisclosed liabilities and equity49112,83211,7768,8298,8068,6067,777
TOTAL LIABILITIES AND EQUITY:41,12438,24136,22032,05330,58029,77827,796

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,5268,4487,7527,6397,9557,7427,301
Cost of revenue
(Cost of Goods and Services Sold)
(163)(162)(157)(163)(147)(3,334)(2,627)
Gross profit:8,3638,2867,5957,4767,8084,4084,674
Operating expenses(6,936)(6,748)(5,834)(5,779)(6,191)(6,109)(5,772)
Other undisclosed operating income1631621571631473,3342,627
Operating income:1,5901,7001,9181,8601,7641,6331,529
Nonoperating income1331287846342530
Investment income, nonoperating1318811   
Public utilities, allowance for funds used during construction, capitalized cost of equity4544342619147
Other nonoperating income1201107035   
Interest and debt expense(533)(499)(422)(401)(372)(362)(339)
Income from continuing operations before income taxes:1,1901,3291,5741,5051,4261,2951,221
Income tax expense(273)(289)(579)(555)(540)(468)(427)
Net income:9171,041996950886827794
Net loss attributable to noncontrolling interest(8)    (8)(8)
Other undisclosed net income attributable to parent8    88
Net income attributable to parent:9171,041996950886827794
Other undisclosed net loss available to common stockholders, basic(8)(8)(8)(8)(8)(8)(8)
Net income available to common stockholders, diluted:9091,033988942878820786

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:9171,041996950886827794
Other comprehensive income (loss)(5)6(1)27(28)27
Comprehensive income:9121,047994951893799821
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(8)(8)(8)(8)88
Other undisclosed comprehensive loss, net of tax, attributable to parent     (15)(15)
Comprehensive income, net of tax, attributable to parent:9041,039987944886792813

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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