Public Service Enterprise Group Incorporated (PEG) financial statements (2021 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

12/31/2020
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 investments543147177313423394402
Cash and cash equivalents543147177313423394402
Restricted cash and investments7118    
Receivables1,7021,5731,9171,7711,4991,5701,538
Prepaid expense51799411876135108
Derivative instruments and hedges, assets601131129163242240
Regulatory current assets369351389211199164323
Assets held-for-sale, not part of disposal group 30    ✕
Deferred tax assets✕✕    11
Other current assets274117471315
Other undisclosed current assets8718868948668879761,482
Total current assets:3,6303,2313,5073,3123,2543,4944,119
Noncurrent Assets
Operating lease, right-of-use asset262282✕✕✕✕✕
Nontrade receivables 150  104171 
Long-term investments and receivables1,4811,6251,5201,6181,6391,7281,887
Long-term investments5368128969321,0501,2331,307
Accounts and financing receivable, after allowance for credit loss945813624686589495580
Intangible assets, net (including goodwill)158149159130114118100
Goodwill  1616161616
Intangible assets, net (excluding goodwill)1581491431149810284
Derivative instruments and hedges92417247777
Regulated entity, other noncurrent assets6,3735,8935,2775,3555,1784,9504,972
Assets held-in-trust266246224    
Other noncurrent assets286286275266254231353
Deferred tax assets, net✕✕    7,170
Other undisclosed noncurrent assets   231217227(6,934)
Total noncurrent assets:8,8358,6557,4567,6077,5307,5027,625
Other undisclosed assets37,58535,84434,36331,79729,28626,53923,589
TOTAL ASSETS:50,05047,73045,32642,71640,07037,53535,333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5821,5151,5871,8451,5871,5071,294
Accounts payable1,3321,3581,4511,6941,4591,3691,178
Taxes payable124412648314221
Interest and dividends payable126116110103979695
Debt2,7472,4802,3101,5428881,098624
Derivative instruments and hedges, liabilities213611161376132
Regulatory liability2942343114788123186
Deferred tax liabilities✕✕    173
Other liabilities637520437461426459547
Other undisclosed current liabilities241262279257274312522
Total current liabilities:5,5225,0474,9354,1683,2763,5753,478
Noncurrent Liabilities
Long-term debt and lease obligation252273    8,261
Long-term debt, excluding current maturities      8,261
Operating lease, liability252273✕✕✕✕✕
Liabilities, other than long-term debt4,7375,0105,1374,8591,7671,8039,551
Asset retirement obligations1,2121,0871,0631,024726679743
Deferred tax liabilities, net✕✕    7,654
Liability for uncertainty in income taxes88182181175180212208
Liability, pension and other postretirement and postemployment benefits226171109129128114126
Accrued environmental loss contingencies286349327357401415417
Regulatory liability2,7073,0023,2212,948118175258
Other liabilities214218232221211181112
Derivative instruments and hedges, liabilities414532733
Other undisclosed noncurrent liabilities9,0598,5687,7097,77411,00210,256(6,404)
Total noncurrent liabilities:14,04813,85112,84612,63312,76912,05911,408
Other undisclosed liabilities14,49613,74313,16812,06810,8958,8348,261
Total liabilities:34,06632,64130,94928,86926,94024,46823,147
Stockholders' equity
Stockholders' equity attributable to parent, including:15,98415,08914,37713,08413,13013,06612,185
Common stock5,0315,0034,9804,1984,2194,2444,241
Treasury stock, value(861)(831)(808)(763)(717)(671)(635)
Accumulated other comprehensive loss(504)(489)(377)(229)(263)(295)(283)
Retained earnings12,31811,40610,5829,8789,1749,1178,227
Other undisclosed stockholders' equity attributable to parent    717671635
Stockholders' equity attributable to noncontrolling interest     11
Other undisclosed stockholders' equity   763   
Total stockholders' equity:15,98415,08914,37713,84713,13013,06712,186
TOTAL LIABILITIES AND EQUITY:50,05047,73045,32642,71640,07037,53535,333

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,60310,0769,6969,0849,06110,41510,886
Cost of revenue(26)(32)(5)(48)(3,001)(1,214)(5,113)
Cost of goods and services sold    (3,001)(1,214)(5,113)
Provision for loan, lease, and other losses(26)(32)(5)✕✕✕✕
Financial services costs✕✕✕(48)   
Gross profit:9,57710,0449,6919,0366,0609,2015,773
Operating expenses(7,333)(8,133)(7,398)(7,655)(7,485)(7,453)(8,263)
Other undisclosed operating income26325483,0011,2145,113
Operating income:2,2701,9432,2981,4291,5762,9622,623
Nonoperating income (expense)617562(58)216354508(72)
Investment income, nonoperating253260(143)(12)230356(332)
Public utilities, allowance for funds used during construction, capitalized cost of equity      31
Net periodic defined benefits expense (reversal of expense), excluding service cost component249177 ✕✕✕✕
Other nonoperating income11512585228124152229
Interest and debt expense(600)(569)(476)(391)(385)(393)(389)
Income from continuing operations before equity method investments, income taxes:2,2871,9361,7641,2541,5453,0772,162
Income from equity method investments14141514111213
Other undisclosed income (loss) from continuing operations before income taxes  76 (258)(409) 
Income from continuing operations before income taxes:2,3011,9501,8551,2681,2982,6802,175
Income tax expense (benefit)(396)(257)(417)306(411)(1,001)(938)
Net income:1,9051,6931,4381,5748871,6791,237
Other undisclosed net income attributable to parent      281
Net income available to common stockholders, diluted:1,9051,6931,4381,5748871,6791,518

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,9051,6931,4381,5748871,6791,237
Other comprehensive income (loss)(15)(31)283432(12)(188)
Other undisclosed comprehensive income      281
Comprehensive income, net of tax, attributable to parent:1,8901,6621,4661,6089191,6671,330

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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