National Fuel Gas Company (NFG) financial statements (2023 and earlier)

Company profile

Business Address 6363 MAIN STREET
WILLIAMSVILLE, NY 14221-5887
State of Incorp. NJ
Fiscal Year End September 30
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79322120230556130
Cash and cash equivalents79322120230556130
Receivables21(15)(6)140141112133
Inventory, net of allowances, customer advances and progress billings23343337383634
Inventory23343337383634
Prepaid expense28292727252524
Regulatory current assets32291711101616
Other current assets64604897685259
Other undisclosed current assets31935417530332216
Total current assets:567522314363545818413
Noncurrent Assets
Operating lease, right-of-use asset 24  
Property, plant and equipment6,4916,3845,998    
Intangible assets, net (including goodwill)5555555
Goodwill5555555
Derivative instruments and hedges  9491036114
Regulated entity, other noncurrent assets6771168181129174321
Deferred costs70606734403021
Other noncurrent assets 100011
Defined benefit plan, assets for plan benefits18
Other undisclosed noncurrent assets389397402321331364290
Total noncurrent assets:7,0226,9426,651590515611769
Other undisclosed assets   5,5104,9774,6744,454
TOTAL ASSETS:7,5907,4656,9656,4626,0366,1035,636
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities360407315309329274217
Accounts payable130172134132160126108
Accrued liabilities18819414014013311274
Interest and dividends payable42414038373634
Debt1661593055 300 
Derivative instruments and hedges, liabilities2916164464912
Regulatory liability23      
Customer advances and deposits3631
Other undisclosed current liabilities57547152623554
Total current liabilities:8961,236460422440646304
Noncurrent Liabilities
Liabilities, other than long-term debt1,3541,2141,1771,0578341,3691,433
Deferred revenue and credits109120
Asset retirement obligations208210192127108106112
Deferred tax liabilities, net513891824
Deferred income tax liabilities800660696653
Liability, pension and other postretirement and postemployment benefits5812713466149277
Regulatory liability204201162142147114100
Other liabilities137136     
Other undisclosed noncurrent liabilities600600727711694300287
Total noncurrent liabilities:1,9541,8141,9041,7681,5281,6701,719
Other undisclosed liabilities2,6302,6292,6302,1342,1312,0842,086
Total liabilities:5,4795,6794,9934,3234,0994,4004,109
Stockholders' equity
Stockholders' equity attributable to parent2,1101,7861,9722,1391,9371,7041,527
Common stock91919186868685
Additional paid in capital1,0141,0171,004832820797771
Accumulated other comprehensive loss(277)(514)(115)(52)(68)(30)(6)
Retained earnings1,2821,1919921,2731,099852676
Total stockholders' equity:2,1101,7861,9722,1391,9371,7041,527
TOTAL LIABILITIES AND EQUITY:7,5907,4656,9656,4626,0366,1035,636

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues1,8481,7431,5461,6931,5931,5801,452
Revenue, net1,5801,452
Cost of revenue(1,042)(1,110)(1,407)  (275)(148)
Cost of goods and services sold(222)(172)(234)  (275)(148)
Gross profit:8066331391,6931,5931,3051,304
Operating expenses(100)(44)(109)(1,182)(1,106)(1,027)(1,869)
Other undisclosed operating income 51   275148
Operating income (loss):70664030512487553(417)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(14)(15)(18)(16)5710
Interest and debt expense(13)(16)(117)(107)1(120)(121)
Income (loss) from continuing operations before equity method investments, income taxes:679609(105)390493440(528)
Other undisclosed income (loss) from continuing operations before income taxes(131)(131)  (109)44
Income (loss) from continuing operations before income taxes:548478(105)390384444(524)
Income tax expense (benefit)(130)(115)(19)(85)7(161)233
Net income (loss) available to common stockholders, diluted:418364(124)304392283(291)

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):418364(124)304392283(291)
Other comprehensive income (loss)(197)(399)(63)16(38)(24)(99)
Comprehensive income (loss), net of tax, attributable to parent:221(35)(186)320354259(390)

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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