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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121116   
Cash and cash equivalents121116   
Receivables117109114104959491
Inventory, net of allowances, customer advances and progress billings929810688848585
Inventory929810688848585
Regulatory current assets22221723211925
Disposal group, including discontinued operation      35
Costs in excess of billings   8
Other current assets65612887
Other undisclosed current assets(3) (3)(4)  55
Total current assets:235255241239208207307
Noncurrent Assets
Operating lease, right-of-use asset 22
Property, plant and equipment2,0491,7541,5811,5401,4771,3881,269
Long-term investments and receivables52108888889
Long-term investments521099889
Due from related parties  7980   
Intangible assets, net (including goodwill)48495051535543
Goodwill38383838384031
Intangible assets, net (excluding goodwill)10111214151611
Regulated entity, other noncurrent assets168144135130132 130
Deferred costs     132134
Other noncurrent assets26403636343130
Other undisclosed noncurrent assets  (79)(80)  (130)
Total noncurrent assets:2,3442,0191,8111,7651,7041,6141,484
TOTAL ASSETS:2,5782,2742,0532,0041,9121,8211,791
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities177161138123123121140
Accounts payable13112196848989107
Employee-related liabilities27232522171619
Taxes payable19181717161514
Debt22110191137613311
Derivative instruments and hedges, liabilities     014
Regulatory liability177110  1
Due to related parties  6162   
Disposal group, including discontinued operation   01223
Billings in excess of cost   3
Other liabilities2211121115159
Other undisclosed current liabilities  (61)(62)  1
Total current liabilities:437190170257216271202
Noncurrent Liabilities
Long-term debt and lease obligation 708590490505446498
Long-term debt, excluding current maturities 690590490505446498
Operating lease, liability 18
Liabilities, other than long-term debt646592562560521499826
Deferred revenue and credits358339321335
Accumulated deferred investment tax credit171920
Deferred tax liabilities, net121   231
Deferred income tax liabilities153132
Liability, pension and other postretirement and postemployment benefits181170170179160154156
Regulatory liability234240226   77
Other liabilities60312423222427
Total noncurrent liabilities:6461,2991,1521,0511,0279451,325
Total liabilities:1,0831,4891,3221,3071,2421,2161,526
Stockholders' equity
Stockholders' equity attributable to parent871781729697670605573
Common stock207201198198197189186
Additional paid in capital414365344343338294278
Accumulated other comprehensive loss(9)(6)(4)(6)(4)(4)(5)
Retained earnings258222190161139126113
Total stockholders' equity:871781729697670605573
Other undisclosed liabilities and equity62432   (308)
TOTAL LIABILITIES AND EQUITY:2,5782,2742,0532,0041,9121,8211,791

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues890920916849804780799
Revenue, net849804780799
Cost of revenue(685)(732)(728)(671)(643)(622)(637)
Gross profit:205187189178161158163
Operating expenses(57)(52)(60)(52)(50)(49)(63)
Operating income:148135129126111109100
Nonoperating income (expense)31(2)3324
Net periodic defined benefits expense (reversal of expense), excluding service cost component(3)(4)(6)
Other nonoperating income653    
Interest and debt expense(34)(31)(30)(30)(32)(31)(30)
Income from continuing operations before income taxes:1161049799828073
Income tax expense(20)(17)(15)(27)(20)(22)(17)
Income from continuing operations:96878272625957
Income from discontinued operations   0011
Net income available to common stockholders, diluted:96878272625958

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:96878272625958
Other comprehensive income (loss)(2)(2)1(2)01(3)
Comprehensive income:94858471626055
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income, net of tax, attributable to parent:94858471626055

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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