Otter Tail Corporation (OTTR) financial statements (2022 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)

12/31/2021
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 investments2121116  
Cash and cash equivalents2121116  
Receivables1771171091141049594
Inventory, net of allowances, customer advances and progress billings1489298106888485
Inventory1489298106888485
Regulatory current assets27222217232119
Other current assets176561288
Other undisclosed current assets(2)(3) (3)(4)  
Total current assets:369235255241239208207
Noncurrent Assets
Operating lease, right-of-use asset  22
Property, plant and equipment2,1252,0491,7541,5811,5401,4771,388
Long-term investments and receivables575210888888
Long-term investments5752109988
Due from related parties   7980  
Intangible assets, net (including goodwill)47484950515355
Goodwill38383838383840
Intangible assets, net (excluding goodwill)9101112141516
Regulated entity, other noncurrent assets126168144135130132 
Deferred costs      132
Other noncurrent assets32264036363431
Other undisclosed noncurrent assets   (79)(80)  
Total noncurrent assets:2,3852,3442,0191,8111,7651,7041,614
TOTAL ASSETS:2,7552,5782,2742,0532,0041,9121,821
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities186177161138123123121
Accounts payable13513112196848989
Employee-related liabilities32272325221716
Taxes payable19191817171615
Debt121221101911376133
Derivative instruments and hedges, liabilities      0
Regulatory liability25177110  
Due to related parties   6162  
Disposal group, including discontinued operation    012
Other liabilities56221112111515
Other undisclosed current liabilities   (61)(62)  
Total current liabilities:388437190170257216271
Noncurrent Liabilities
Long-term debt and lease obligation  708590490505446
Long-term debt, excluding current maturities  690590490505446
Operating lease, liability  18
Liabilities, other than long-term debt642646592562560521499
Deferred revenue and credits358339321
Accumulated deferred investment tax credit17171920
Deferred tax liabilities, net121   
Deferred income tax liabilities188153132
Liability, pension and other postretirement and postemployment benefits140181170170179160154
Regulatory liability234234240226   
Other liabilities63603124232224
Total noncurrent liabilities:6426461,2991,1521,0511,027945
Total liabilities:1,0301,0831,4891,3221,3071,2421,216
Stockholders' equity
Stockholders' equity attributable to parent991871781729697670605
Common stock208207201198198197189
Additional paid in capital420414365344343338294
Accumulated other comprehensive loss(7)(9)(6)(4)(6)(4)(4)
Retained earnings370258222190161139126
Total stockholders' equity:991871781729697670605
Other undisclosed liabilities and equity73462432   
TOTAL LIABILITIES AND EQUITY:2,7552,5782,2742,0532,0041,9121,821

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
Revenues1,197890920916849804780
Revenue, net849804780
Cost of revenue(880)(685)(732)(728)(671)(643)(622)
Cost of goods and services sold(488)   (65)(63)(78)
Gross profit:317205187189178161158
Operating expenses(67)(57)(52)(60)(52)(50)(49)
Operating income:250148135129126111109
Nonoperating income (expense)131(2)332
Net periodic defined benefits expense (reversal of expense), excluding service cost component(2)(3)(4)(6)
Other nonoperating income3653   
Interest and debt expense(38)(34)(31)(30)(30)(32)(31)
Income from continuing operations before income taxes:21311610497998280
Income tax expense(36)(20)(17)(15)(27)(20)(22)
Income from continuing operations:177968782726259
Income from discontinued operations    001
Net income available to common stockholders, diluted:177968782726259

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:177968782726259
Other comprehensive income (loss)(1)(2)(2)1(2)01
Comprehensive income:176948584716260
Other undisclosed comprehensive income, net of tax, attributable to parent30     
Comprehensive income, net of tax, attributable to parent:179948584716260

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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