MDU Resources Group, Inc. (MDU) financial statements (2022 and earlier)

Company profile

Business Address 1200 WEST CENTURY AVENUE
BISMARCK, ND 58503
State of Incorp.
Fiscal Year End December 31
SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54606654354685
Cash and cash equivalents54606654354685
Receivables947874837723727630590
Inventory, net of allowances, customer advances and progress billings336291278287227238254
Inventory336291278287227238254
Deferred costs      1
Regulatory current assets11969     
Disposal group, including discontinued operation  0001425
Other current assets9644116120814835
Other undisclosed current assets      32
Total current assets:1,5511,3371,2981,1841,0709771,021
Noncurrent Assets
Operating lease, right-of-use asset124120115
Property, plant and equipment5,7565,167    4,311
Long-term investments and receivables175165    120
Long-term investments175165    120
Intangible assets, net (including goodwill)788740697676636638643
Goodwill765715681665632632635
Intangible assets, net (excluding goodwill)23251511467
Regulated entity, other noncurrent assets358379     
Disposal group, including discontinued operation, noncurrent assets  124197167
Other noncurrent assets158144506409408415366
Total noncurrent assets:7,3596,7161,3201,0871,0481,2505,607
Other undisclosed assets  5,0664,7174,2174,057 
TOTAL ASSETS:8,9108,0537,6836,9886,3356,2846,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities685648593509466432439
Accounts payable479426403359312280310
Employee-related liabilities82919969736646
Taxes payable80894942434846
Interest and dividends payable44434240393837
Deferred revenue  143
Debt148524825214844289
Regulatory liability1631     
Disposal group, including discontinued operation  4 121048
Other liabilities207199222221186184172
Other undisclosed current liabilities3534(143)4   
Total current liabilities:1,092964866986813670948
Noncurrent Liabilities
Long-term debt and lease obligation2,6832,29884    
Long-term debt, excluding current maturities2,5942,212     
Operating lease, liability898784
Liabilities, other than long-term debt1,7521,7121,6591,1481,1791,5521,532
Asset retirement obligations458440     
Deferred tax liabilities, net  668720
Deferred income tax liabilities592516507
Regulatory liability429428     
Other liabilities2733281,1521,1481,179884812
Other undisclosed noncurrent liabilities   430347  
Total noncurrent liabilities:4,4354,0111,7431,5781,5261,5521,532
Other undisclosed liabilities  2,2271,8571,5661,7471,627
Total liabilities:5,5284,9744,8364,4213,9063,9684,107
Stockholders' equity
Stockholders' equity attributable to parent3,3833,0792,8472,5672,4292,3162,397
Preferred stock     1515
Common stock204201201197196196196
Treasury stock, value(4)(4)(4)(4)(4)(4)(4)
Additional paid in capital1,4611,3711,3551,2491,2331,2321,230
Accumulated other comprehensive loss(41)(48)(42)(38)(37)(36)(37)
Retained earnings1,7621,5581,3371,1641,041912996
Stockholders' equity attributable to noncontrolling interest      124
Total stockholders' equity:3,3833,0792,8472,5672,4292,3162,521
TOTAL LIABILITIES AND EQUITY:8,9108,0537,6836,9886,3356,2846,628

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,6815,5335,3374,5324,4434,1294,192
Cost of revenue
(Cost of Goods and Services Sold)
    (79)(76)(12)
Gross profit:5,6815,5335,3374,5324,3654,0534,179
Operating expenses(5,147)(4,988)(4,856)(4,130)(4,015)(3,720)(3,937)
Other undisclosed operating income    797612
Operating income:534545481402429409254
Nonoperating income (expense)332716(0)4519
Public utilities, allowance for funds used during construction, capitalized cost of equity7      
Other nonoperating income (expense)262716(0)4519
Interest and debt expense(94)(97)(99)(85)(83)(88)(93)
Income from continuing operations before equity method investments, income taxes:474475398317350326180
Other undisclosed loss from continuing operations before income taxes(7)      
Income from continuing operations before income taxes:467475398317350326180
Income tax expense(89)(85)(63)(47)(65)(93)(66)
Income from continuing operations:378391335269285233115
Income (loss) from discontinued operations   3(4)(300)(772)
Net income (loss):378391335272281(67)(658)
Net income attributable to noncontrolling interest      35
Other undisclosed net income (loss) attributable to parent0(0)0    
Net income (loss) attributable to parent:378390335272281(67)(622)
Preferred stock dividends and other adjustments    (1)(1)(1)
Other undisclosed net income available to common stockholders, basic     132 
Net income (loss) available to common stockholders, diluted:37839033527228064(623)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):378391335272281(67)(658)
Other comprehensive income (loss)7(6)(4)7(2)15
Comprehensive income (loss):385385331279280(66)(653)
Comprehensive income, net of tax, attributable to noncontrolling interest      35
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)0  132 
Comprehensive income (loss), net of tax, attributable to parent:38538433227928066(617)

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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