Public Service Enterprise Group Incorporated (PEG) Financial Statements (2023 and Earlier)

Company Profile

Business Address CORPORATE ACCOUNTING SERVICES
NEWARK, NJ 07102-4194
State of Incorp. NJ
Fiscal Year End December 31
Industry (SIC) 4931 - Electric and Other Services Combined (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 investments818543147177313423394
Cash and cash equivalents818543147177313423394
Restricted cash and investments287118   
Receivables2,0851,7021,5731,9171,7711,4991,570
Prepaid expense6351799411876135
Derivative instruments and hedges, assets72601131129163242
Regulatory current assets364369351389211199164
Assets held-for-sale, not part of disposal group2,060 30    
Other current assets442741174713
Other undisclosed current assets716871886894866887976
Total current assets:6,2503,6303,2313,5073,3123,2543,494
Noncurrent Assets
Operating lease, right-of-use asset201262282
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases145  
Nontrade receivables47 150  104171
Long-term investments and receivables1,3691,4811,6251,5201,6181,6391,728
Long-term investments5415368128969321,0501,233
Accounts and financing receivable, after allowance for credit loss828945813624686589495
Intangible assets, net (including goodwill)20158149159130114118
Goodwill   16161616
Intangible assets, net (excluding goodwill)2015814914311498102
Derivative instruments and hedges28924172477
Regulated entity, other noncurrent assets6,2426,3735,8935,2775,3555,1784,950
Assets held-in-trust242266246224   
Restricted cash and investments17      
Other noncurrent assets234286286275266254231
Other undisclosed noncurrent assets34,204   231217227
Total noncurrent assets:42,7498,8358,6557,4567,6077,5307,502
Other undisclosed assets 37,58535,84434,36331,79729,28626,539
TOTAL ASSETS:48,99950,05047,73045,32642,71640,07037,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5031,5821,5151,5871,8451,5871,507
Accounts payable1,3151,3321,3581,4511,6941,4591,369
Taxes payable671244126483142
Interest and dividends payable1211261161101039796
Debt4,2192,7472,4802,3101,5428881,098
Derivative instruments and hedges, liabilities17213611161376
Regulatory liability3882942343114788123
Other liabilities476637520437461426459
Other undisclosed current liabilities469241262279257274312
Total current liabilities:7,0725,5225,0474,9354,1683,2763,575
Noncurrent Liabilities
Long-term debt and lease obligation191252273    
Operating lease, liability191252273
Liabilities, other than long-term debt4,7904,7375,0105,1374,8591,7671,803
Asset retirement obligations1,5731,2121,0871,0631,024726679
Liability for uncertainty in income taxes10088182181175180212
Liability, pension and other postretirement and postemployment benefits174226171109129128114
Accrued environmental loss contingencies245286349327357401415
Regulatory liability2,4972,7073,0023,2212,948118175
Other liabilities184214218232221211181
Derivative instruments and hedges, liabilities174145327
Other undisclosed noncurrent liabilities7,2899,0598,5687,7097,77411,00210,256
Total noncurrent liabilities:12,27014,04813,85112,84612,63312,76912,059
Other undisclosed liabilities15,21914,49613,74313,16812,06810,8958,834
Total liabilities:34,56134,06632,64130,94928,86926,94024,468
Stockholders' equity
Stockholders' equity attributable to parent, including:14,43815,98415,08914,37713,08413,13013,066
Common stock5,0455,0315,0034,9804,1984,2194,244
Treasury stock, value(896)(861)(831)(808)(763)(717)(671)
Accumulated other comprehensive loss(350)(504)(489)(377)(229)(263)(295)
Retained earnings10,63912,31811,40610,5829,8789,1749,117
Other undisclosed stockholders' equity attributable to parent     717671
Stockholders' equity attributable to noncontrolling interest      1
Other undisclosed stockholders' equity    763  
Total stockholders' equity:14,43815,98415,08914,37713,84713,13013,067
TOTAL LIABILITIES AND EQUITY:48,99950,05047,73045,32642,71640,07037,535

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
Revenues9,7229,60310,0769,6969,0849,06110,415
Cost of revenue(5,026)(26)(32)(5)(48)(3,001)(1,214)
Cost of goods and services sold(4,715)    (3,001)(1,214)
Provision for loan, lease, and other losses(9)(26)(32)(5)
Financial services costs(48)  
Gross profit:4,6969,57710,0449,6919,0366,0609,201
Operating expenses(5,552)(7,333)(8,133)(7,398)(7,655)(7,485)(7,453)
Other undisclosed operating income 26325483,0011,214
Operating income (loss):(856)2,2701,9432,2981,4291,5762,962
Nonoperating income (expense)620617562(58)216354508
Investment income, nonoperating194253260(143)(12)230356
Net periodic defined benefits expense (reversal of expense), excluding service cost component328249177 
Other nonoperating income9811512585228124152
Interest and debt expense(869)(600)(569)(476)(391)(385)(393)
Income (loss) from continuing operations before equity method investments, income taxes:(1,105)2,2871,9361,7641,2541,5453,077
Income from equity method investments16141415141112
Other undisclosed income (loss) from continuing operations before income taxes   76 (258)(409)
Income (loss) from continuing operations before income taxes:(1,089)2,3011,9501,8551,2681,2982,680
Income tax expense (benefit)441(396)(257)(417)306(411)(1,001)
Net income (loss) available to common stockholders, diluted:(648)1,9051,6931,4381,5748871,679

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 (loss):(648)1,9051,6931,4381,5748871,679
Other comprehensive income (loss)154(15)(31)283432(12)
Comprehensive income (loss), net of tax, attributable to parent:(494)1,8901,6621,4661,6089191,667

Statements Sources

The financial statements are based on the Company's filings with 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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