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)

12/31/2019
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 investments31423035397274
Cash and cash equivalents31423035397274
Restricted cash and investments7 1111111 
Receivables50364537273143
Inventory, net of allowances, customer advances and progress billings17104611113
Inventory17104611113
Prepaid expense66641163
Other current assets2455653
Other undisclosed current assets    9620
Total current assets:113989098115142146
Noncurrent Assets
Property, plant and equipment4442121
Long-term investments and receivables123 (0)(0)(0)
Long-term investments123 (0)(0)(0)
Intangible assets, net (including goodwill)26241513447
Goodwill1211109447
Intangible assets, net (excluding goodwill)141354   
Restricted cash and investments1111211
Other noncurrent assets78107644
Other undisclosed noncurrent assets59222900
Total noncurrent assets:43493624411113
TOTAL ASSETS:156147126122156153159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52455136333737
Accounts payable24192117132525
Accrued liabilities26252816191110
Taxes payable2122112
Debt41 1   
Due to related parties0000011
Customer advances and deposits 110
Other liabilities3432111
Other undisclosed current liabilities13  22(6)1
Total current liabilities:72515541383240
Noncurrent Liabilities
Long-term debt and lease obligation133 2  
Long-term debt, excluding current maturities133 2  
Liabilities, other than long-term debt21112  
Other liabilities21112  
Other undisclosed noncurrent liabilities     22
Total noncurrent liabilities:3341422
Total liabilities:75545942413443
Stockholders' equity
Stockholders' equity attributable to parent, including:951048497123125121
Preferred stock20202020202016
Treasury stock, value(8)(2)(2)(2)(2)(2)(0)
Additional paid in capital14013713112812411483
Accumulated other comprehensive income3331001
Retained earnings (accumulated deficit)(60)(54)(67)(52)(20)(8)22
Stockholders' equity note, subscriptions receivable   (2)
Other undisclosed stockholders' equity attributable to parent0002000
Stockholders' equity attributable to noncontrolling interest(14)(11)(17)(17)(9)(6)(5)
Total stockholders' equity:81936780115119116
TOTAL LIABILITIES AND EQUITY:156147126122156153159

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
Revenues315280264212210275279
Revenue, net264212210275 
Cost of revenue(232)(204)(179)(135)(141)(223)(213)
Gross profit:83778677695266
Operating expenses(73)(65)(85)(67)(75)(78)(62)
Other operating expense, net   (0)   
Other undisclosed operating income (loss)  (7)(40)(0)0(3)
Operating income (loss):1012(7)(31)(6)(26)1
Nonoperating income (expense)21(0)1011
Investment income, nonoperating0100002
Other nonoperating income (expense)10(0)0(0)0(0)
Interest and debt expense(1)(0)(0)0   
Income (loss) from continuing operations before equity method investments, income taxes:1112(7)(30)(6)(25)2
Loss from equity method investments(5)     (3)
Other undisclosed loss from continuing operations before income taxes (3) (0)(2)(3)(1)
Income (loss) from continuing operations before income taxes:69(7)(30)(8)(27)(3)
Income tax expense(5)(12)(2)(2)(1)(0)(3)
Income (loss) before gain (loss) on sale of properties:1(3)(9)(32)(9)(27)(5)
Other undisclosed net income 25     
Net income (loss):121(9)(32)(9)(27)(5)
Net income (loss) attributable to noncontrolling interest312811(1)
Net income (loss) attributable to parent:423(7)(25)(7)(26)(6)
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:321(8)(26)(9)(28)(7)

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 (loss):121(9)(32)(9)(27)(5)
Other comprehensive income (loss)(1) 110(1)0
Other undisclosed comprehensive income 0     
Comprehensive income (loss):121(8)(31)(8)(28)(5)
Comprehensive income, net of tax, attributable to noncontrolling interest3128111
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:422(5)(23)(7)(27)(5)

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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