Otter Tail Corporation (OTTR) financial statements (2021 and earlier)

Company profile

Business Address 215 S CASCADE ST
FERGUS FALLS, MN 56538-0496
State of Incorp. MN
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 investments21116   1
Cash and cash equivalents21116   1
Receivables109114104959491102
Inventory, net of allowances, customer advances and progress billings981068884858573
Inventory981068884858573
Regulatory current assets22172321192518
Disposal group, including discontinued operation     350
Costs in excess of billings   84
Other current assets56128878
Other undisclosed current assets (3)(4)  5545
Total current assets:255241239208207307251
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment1,7541,5811,5401,4771,3881,2691,167
Long-term investments and receivables1088888899
Long-term investments10998899
Due from related parties 7980    
Intangible assets, net (including goodwill)49505153554352
Goodwill38383838403139
Intangible assets, net (excluding goodwill)11121415161113
Regulated entity, other noncurrent assets144135130132 13084
Deferred costs    13213488
Other noncurrent assets40363634313029
Other undisclosed noncurrent assets (79)(80)  (130)(84)
Total noncurrent assets:2,0191,8111,7651,7041,6141,4841,345
TOTAL ASSETS:2,2742,0532,0041,9121,8211,7911,596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities161138123123121140146
Accounts payable12196848989107113
Employee-related liabilities23252217161920
Taxes payable18171716151412
Debt1019113761331151
Derivative instruments and hedges, liabilities    01412
Regulatory liability7110  11
Due to related parties 6162    
Disposal group, including discontinued operation  012234
Billings in excess of cost   314
Other liabilities111211151597
Other undisclosed current liabilities (61)(62)  1(1)
Total current liabilities:190170257216271202233
Noncurrent Liabilities
Long-term debt and lease obligation708590490505446498390
Long-term debt, excluding current maturities690590490505446498390
Operating lease, liability18
Liabilities, other than long-term debt592562560521499826708
Deferred revenue and credits358339321335299
Pension and other postretirement defined benefit plans, liabilities115
Accumulated deferred investment tax credit1920
Deferred tax liabilities, net121   231196
Deferred income tax liabilities132
Liability, pension and other postretirement and postemployment benefits170170179160154156
Regulatory liability240226   7774
Other liabilities31242322242725
Total noncurrent liabilities:1,2991,1521,0511,0279451,3251,098
Total liabilities:1,4891,3221,3071,2421,2161,5261,331
Stockholders' equity
Stockholders' equity attributable to parent781729697670605573535
Common stock201198198197189186181
Additional paid in capital365344343338294278256
Accumulated other comprehensive loss(6)(4)(6)(4)(4)(5)(2)
Retained earnings22219016113912611399
Total stockholders' equity:781729697670605573535
Other undisclosed liabilities and equity32   (308)(270)
TOTAL LIABILITIES AND EQUITY:2,2742,0532,0041,9121,8211,7911,596

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
Revenues920916849804780799893
Revenue, net849804780799893
Cost of revenue(732)(728)(671)(643)(622)(637)(743)
Gross profit:187189178161158163150
Operating expenses(52)(60)(52)(50)(49)(63)(53)
Operating income:13512912611110910097
Nonoperating income (expense)1(2)33244
Net periodic defined benefits expense (reversal of expense), excluding service cost component(4)(6)
Other nonoperating income53     
Interest and debt expense(31)(30)(30)(32)(31)(30)(27)
Income from continuing operations before equity method investments, income taxes:104979982807374
Other undisclosed loss from continuing operations before income taxes      (10)
Income from continuing operations before income taxes:104979982807364
Income tax expense(17)(15)(27)(20)(22)(17)(14)
Income from continuing operations:87827262595750
Income from discontinued operations  00111
Net income attributable to parent:87827262595851
Preferred stock dividends and other adjustments      (1)
Net income available to common stockholders, diluted:87827262595850

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:87827262595851
Other comprehensive income (loss)(2)1(2)01(3)3
Comprehensive income, net of tax, attributable to parent:85847162605554

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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