Piedmont Natural Gas Co Inc (PNY) financial statements (2021 and earlier)

Company profile

Business Address 4720 PIEDMONT ROW DR
CHARLOTTE, NC 28210
State of Incorp. NC
Fiscal Year End October 31
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1714108
Cash and cash equivalents1714108
Short-term investments 000
Receivables7588122104
Inventory, net of allowances, customer advances and progress billings5668842
Inventory5668842
Prepaid expense27293935
Derivative instruments and hedges, assets 1102
Regulatory current assets114112977
Income taxes receivable31
Other current assets12000
Other undisclosed current assets7445388
Total current assets:307256348348
Noncurrent Assets
Nontrade receivables 26 
Property, plant and equipment4,750000
Long-term investments and receivables199212174131
Long-term investments199212174131
Intangible assets, net (including goodwill)49494949
Goodwill49494949
Regulated entity, other noncurrent assets375197185169
Other noncurrent assets11558
Defined benefit plan, assets for plan benefits 183428
Other undisclosed noncurrent assets (0)(0)(0)
Total noncurrent assets:5,384506447386
Other undisclosed assets 4,3483,9903,635
TOTAL ASSETS:5,6915,1114,7844,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities228209168 
Accounts payable131152140 
Taxes payable6828  
Interest and dividends payable292928 
Debt180380355500
Deferred compensation liability 0  
Derivative instruments and hedges, liabilities42   
Regulatory liability 1346 
Due to related parties92  
Customer advances and deposits 2120
Other liabilities621297
Other undisclosed current liabilities (3)24210
Total current liabilities:520636622717
Noncurrent Liabilities
Long-term debt and lease obligation1,7861,5241,4241,175
Long-term debt, excluding current maturities1,7861,5241,4241,175
Liabilities, other than long-term debt, including:1,7401,5301,9361,782
Deferred revenue and credits1111
Deferred compensation liability, classified55  
Asset retirement obligations1420521520
Deferred tax liabilities, net 862809681
Postemployment benefits liability12
Liability, pension and other postretirement and postemployment benefits231515
Regulatory liability617590559542
Other liabilities181383025
Other undisclosed liabilities, other than long-term debt899   
Other undisclosed noncurrent liabilities (1,529)(1,931)(1,668)
Total noncurrent liabilities:3,5261,5251,4291,289
Other undisclosed liabilities 1,5241,4241,175
Total liabilities:4,0463,6843,4763,180
Stockholders' equity
Stockholders' equity attributable to parent1,6451,4261,3091,189
Common stock860721637562
Accumulated other comprehensive loss(0)(1)(0)(0)
Retained earnings785706672627
Total stockholders' equity:1,6451,4261,3091,189
TOTAL LIABILITIES AND EQUITY:5,6915,1114,7844,369

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

10/31/2016
10/31/2015
10/31/2014
10/31/2013
Revenues1,1491,3721,4701,278
Revenue, net1,149   
Cost of revenue(833)   
Other undisclosed gross profit (644)(780)(657)
Gross profit:315727690621
Operating expenses(90)(295)(12)(6)
Other undisclosed operating loss (248)(499)(471)
Operating income:225185180144
Nonoperating income161211915
Investment income, nonoperating133(4)6 
Public utilities, allowance for funds used during construction, additions 111631
Other nonoperating expense(1)(1)(2)(2)
Interest and debt expense(69)(69)(55)(25)
Income from continuing operations before equity method investments, income taxes:317137144134
Income from equity method investments 343326
Other undisclosed income from continuing operations before income taxes 566260
Income from continuing operations before income taxes:317227239220
Income tax expense(124)(90)(95)(86)
Net income available to common stockholders, diluted:193137144134

Comprehensive Income ($ in millions)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
Net income:193137144134
Other comprehensive income (loss) (1)00
Comprehensive income:193136144134
Other undisclosed comprehensive income, net of tax, attributable to parent1   
Comprehensive income, net of tax, attributable to parent:194136144134

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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