Public Service Enterprise Group Incorporated (PEG) financial statements (2020 and earlier)

Company profile

Business Address CORPORATE ACCOUNTING SERVICES
NEWARK, NJ 07102-4194
State of Incorp. NJ
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

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 investments147177313423394402493
Cash and cash equivalents147177313423394402493
Restricted cash and investments118     
Receivables1,5731,9171,7711,4991,5701,5381,503
Inventory, net of allowances, customer advances and progress billings      479
Inventory      479
Prepaid expense79941187613510889
Derivative instruments and hedges, assets113112916324224098
Regulatory current assets351389211199164323243
Assets held-for-sale, not part of disposal group30    ✕✕
Deferred tax assets✕    11 
Other current assets411747131531
Other undisclosed current assets8868948668879761,482678
Total current assets:3,2313,5073,3123,2543,4944,1193,614
Noncurrent Assets
Operating lease, right-of-use asset282✕✕✕✕✕✕
Nontrade receivables150  104171 ✕
Long-term investments and receivables1,6251,5201,6181,6391,7281,8871,313
Long-term investments8128969321,0501,2331,3071,313
Accounts and financing receivable, after allowance for credit loss813624686589495580 
Intangible assets, net (including goodwill)14915913011411810049
Goodwill 161616161616
Intangible assets, net (excluding goodwill)149143114981028433
Derivative instruments and hedges2417247777163
Regulated entity, other noncurrent assets5,8935,2775,3555,1784,9504,9724,313
Assets held-in-trust246224     
Other noncurrent assets286275266254231353312
Deferred tax assets, net✕    7,170 
Other undisclosed noncurrent assets  231217227(6,934)1,113
Total noncurrent assets:8,6557,4567,6077,5307,5027,6257,263
Other undisclosed assets35,84434,36331,79729,28626,53923,58921,645
TOTAL ASSETS:47,73045,32642,71640,07037,53535,33332,522
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5151,5871,8451,5871,5071,2941,259
Accounts payable1,3581,4511,6941,4591,3691,1781,222
Taxes payable41264831422137
Interest and dividends payable116110103979695 
Debt2,4802,3101,5428881,098624604
Derivative instruments and hedges, liabilities361116137613276
Regulatory liability234311478812318643
Deferred tax liabilities✕    173 
Other liabilities520437461426459547488
Other undisclosed current liabilities262279257274312522593
Total current liabilities:5,0474,9354,1683,2763,5753,4783,063
Noncurrent Liabilities
Long-term debt and lease obligation273    8,2617,862
Long-term debt, excluding current maturities     8,2617,862
Operating lease, liability273✕✕✕✕✕✕
Liabilities, other than long-term debt5,0105,1374,8591,7671,8039,5512,870
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕1,216
Asset retirement obligations1,0871,0631,024726679743677
Deferred tax liabilities, net✕    7,654 
Liability for uncertainty in income taxes182181175180212208180
Liability, pension and other postretirement and postemployment benefits171109129128114126✕
Accrued environmental loss contingencies349327357401415417414
Regulatory liability3,0023,2212,948118175258233
Other liabilities218232221211181112119
Derivative instruments and hedges, liabilities1453273331
Other undisclosed noncurrent liabilities8,5687,7097,77411,00210,256(6,404)(744)
Total noncurrent liabilities:13,85112,84612,63312,76912,05911,4089,988
Other undisclosed liabilities13,74313,16812,06810,8958,8348,2617,862
Total liabilities:32,64130,94928,86926,94024,46823,14720,913
Stockholders' equity
Stockholders' equity attributable to parent, including:15,08914,37713,08413,13013,06612,18511,608
Common stock5,0034,9804,1984,2194,2444,2414,246
Treasury stock, value(831)(808)(763)(717)(671)(635)(615)
Accumulated other comprehensive loss(489)(377)(229)(263)(295)(283)(95)
Retained earnings11,40610,5829,8789,1749,1178,2277,457
Other undisclosed stockholders' equity attributable to parent   717671635615
Stockholders' equity attributable to noncontrolling interest    111
Other undisclosed stockholders' equity  763    
Total stockholders' equity:15,08914,37713,84713,13013,06712,18611,609
TOTAL LIABILITIES AND EQUITY:47,73045,32642,71640,07037,53535,33332,522

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,0769,6969,0849,06110,41510,8869,968
Cost of revenue(32)(5)(48)(3,001)(1,214)(5,113)(4,782)
Cost of goods and services sold   (3,001)(1,214)(5,113)(4,782)
Provision for loan, lease, and other losses(32)(5)✕✕✕✕✕
Financial services costs✕✕(48)    
Gross profit:10,0449,6919,0366,0609,2015,7735,186
Operating expenses(8,133)(7,398)(7,655)(7,485)(7,453)(8,263)(7,669)
Other undisclosed operating income325483,0011,2145,1134,782
Operating income:1,9432,2981,4291,5762,9622,6232,299
Nonoperating income (expense)562(58)216354508(72)130
Investment income, nonoperating260(143)(12)230356(332)(53)
Public utilities, allowance for funds used during construction, capitalized cost of equity     3124
Net periodic defined benefits expense (reversal of expense), excluding service cost component177 ✕✕✕✕✕
Other nonoperating income12585228124152229159
Interest and debt expense(569)(476)(391)(385)(393)(389)(402)
Income from continuing operations before equity method investments, income taxes:1,9361,7641,2541,5453,0772,1622,027
Income from equity method investments14151411121311
Other undisclosed income (loss) from continuing operations before income taxes 76 (258)(409)  
Income from continuing operations before income taxes:1,9501,8551,2681,2982,6802,1752,038
Income tax expense (benefit)(257)(417)306(411)(1,001)(938)(812)
Other undisclosed income from continuing operations      17
Net income:1,6931,4381,5748871,6791,2371,243
Other undisclosed net income attributable to parent     281 
Net income available to common stockholders, diluted:1,6931,4381,5748871,6791,5181,243

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,6931,4381,5748871,6791,2371,243
Other comprehensive income (loss)(31)283432(12)(188)293
Other undisclosed comprehensive income     281 
Comprehensive income, net of tax, attributable to parent:1,6621,4661,6089191,6671,3301,536

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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