Genie Energy Ltd. (GNE) financial statements (2021 and earlier)

Company profile

Business Address 520 BROAD STREET
NEWARK, NJ 07012
State of Incorp. DE
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42314230353972
Cash and cash equivalents37314230353972
Short-term investments5      
Restricted cash and investments67 1111111
Receivables61503645372731
Inventory, net of allowances, customer advances and progress billings171710461111
Inventory171710461111
Prepaid expense56664116
Other current assets3245565
Other undisclosed current assets     96
Total current assets:134113989098115142
Noncurrent Assets
Property, plant and equipment0444212
Long-term investments and receivables1123 (0)(0)
Long-term investments1123 (0)(0)
Intangible assets, net (including goodwill)382624151344
Goodwill26121110944
Intangible assets, net (excluding goodwill)12141354  
Restricted cash and investments 111121
Deferred income tax assets5 
Other noncurrent assets107810764
Other undisclosed noncurrent assets 5922290
Total noncurrent assets:54434936244111
TOTAL ASSETS:187156147126122156153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:43524551363337
Accounts payable 241921171325
Accrued liabilities 262528161911
Employee-related liabilities10      
Taxes payable 212211
Other undisclosed accounts payable and accrued liabilities33      
Deferred revenue6 
Debt141 1  
Due to related parties0000001
Customer advances and deposits 110
Other liabilities2343211
Other undisclosed current liabilities4513  22(6)
Total current liabilities:97725155413832
Noncurrent Liabilities
Long-term debt and lease obligation 133 2 
Long-term debt, excluding current maturities 133 2 
Liabilities, other than long-term debt421112 
Other liabilities421112 
Other undisclosed noncurrent liabilities      2
Total noncurrent liabilities:4334142
Total liabilities:101755459424134
Stockholders' equity
Stockholders' equity attributable to parent, including:98951048497123125
Preferred stock20202020202020
Treasury stock, value(10)(8)(2)(2)(2)(2)(2)
Additional paid in capital141140137131128124114
Accumulated other comprehensive income4333100
Accumulated deficit(57)(60)(54)(67)(52)(20)(8)
Stockholders' equity note, subscriptions receivable    (2)
Other undisclosed stockholders' equity attributable to parent0000200
Stockholders' equity attributable to noncontrolling interest(12)(14)(11)(17)(17)(9)(6)
Total stockholders' equity:8681936780115119
TOTAL LIABILITIES AND EQUITY:187156147126122156153

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues379315280264212210275
Revenue, net264212210275
Cost of revenue(282)(232)(204)(179)(135)(141)(223)
Gross profit:98837786776952
Operating expenses(78)(73)(65)(85)(67)(75)(78)
Other operating expense, net    (0)  
Other undisclosed operating income (loss)   (7)(40)(0)0
Operating income (loss):191012(7)(31)(6)(26)
Nonoperating income (expense)121(0)101
Investment income, nonoperating0010000
Other nonoperating income (expense)110(0)0(0)0
Interest and debt expense(0)(1)(0)(0)0  
Income (loss) from continuing operations before equity method investments, income taxes:201112(7)(30)(6)(25)
Loss from equity method investments(1)(5)     
Other undisclosed income (loss) from continuing operations before income taxes5 (3) (0)(2)(3)
Income (loss) from continuing operations before income taxes:2469(7)(30)(8)(27)
Income tax expense(8)(5)(12)(2)(2)(1)(0)
Income (loss) before gain (loss) on sale of properties:161(3)(9)(32)(9)(27)
Other undisclosed net income  25    
Net income (loss):16121(9)(32)(9)(27)
Net income (loss) attributable to noncontrolling interest(2)312811
Net income (loss) attributable to parent:13423(7)(25)(7)(26)
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:12321(8)(26)(9)(28)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):16121(9)(32)(9)(27)
Other comprehensive income (loss)1(1) 110(1)
Other undisclosed comprehensive income  0    
Comprehensive income (loss):16121(8)(31)(8)(28)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)312811
Comprehensive income (loss), net of tax, attributable to parent:14422(5)(23)(7)(27)

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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