Portland General Electric Co (POR) Financial Statements (2023 and Earlier)

Company Profile

Business Address 121 SW SALMON ST
PORTLAND, OR 97204
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (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 investments1932301193964
Cash and cash equivalents1932301193964
Receivables329368167193168155158
Inventory, net of allowances, customer advances and progress billings27234031263239
Inventory27234031263239
Regulatory current assets242317616236129
Other current assets2059810490737788
Other undisclosed current assets84177142149158157139
Total current assets:688721500643526463557
Noncurrent Assets
Finance lease, right-of-use asset291145150
Operating lease, right-of-use asset254451
Property, plant and equipment  7,1615757691424
Intangible assets, net (including goodwill)(446)(388)(366)(302)(296)(257)(227)
Intangible assets, net (excluding goodwill)(446)(388)(366)(302)(296)(257)(227)
Derivative instruments and hedges3512132 5 
Regulated entity, other noncurrent assets547582494411448509524
Assets held-in-trust45423836373433
Other noncurrent assets176153166101545755
Other undisclosed noncurrent assets8,1337,7581877,1627,0126,0255,855
Total noncurrent assets:8,8068,3487,8947,4677,3127,0646,664
TOTAL ASSETS:9,4949,0698,3948,1107,8387,5277,221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24415316516813212998
Employee-related liabilities67677466605251
Taxes payable46363334312525
Interest and dividends payable69676161585553
Other undisclosed accounts payable and accrued liabilities62(17)(3)7(17)(3)(31)
Debt2032616300 150139
Derivative instruments and hedges, liabilities471423555944130
Other liabilities457322315268241254259
Total current liabilities:768815519791432577626
Noncurrent Liabilities
Long-term debt and lease obligation3,5583,0152,7752,1782,4262,2002,071
Long-term debt, excluding current maturities3,2852,8862,5972,1782,4262,2002,071
Finance lease, liability273129135
Operating lease, liability  43
Liabilities, other than long-term debt2,4612,6262,0712,3392,2912,1402,009
Asset retirement obligations2382702634   
Deferred tax liabilities, net369376669632
Deferred income tax liabilities413374 
Liability, pension and other postretirement and postemployment benefits301400247307284281259
Regulatory liability1,3601,3691,3771,3551,288958928
Other liabilities59777620319210729
Derivative instruments and hedges, liabilities90136108101151125161
Other undisclosed noncurrent liabilities  438296273266257
Total noncurrent liabilities:6,0195,6415,2844,8134,9904,6064,337
Total liabilities:6,7876,4565,8035,6045,4225,1834,963
Stockholders' equity
Stockholders' equity attributable to parent2,7072,6132,5912,5062,4162,3442,258
Common stock1,2411,2311,2201,2121,2071,2011,196
Accumulated other comprehensive loss(10)(11)(10)(7)(8)(7)(8)
Retained earnings1,4761,3931,3811,3011,2171,1501,070
Total stockholders' equity:2,7072,6132,5912,5062,4162,3442,258
TOTAL LIABILITIES AND EQUITY:9,4949,0698,3948,1107,8387,5277,221

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
Revenues2,3962,1452,1231,9912,0091,9231,898
Revenue, net2,0091,9231,898
Cost of revenue(1,457)(1,384)(1,287)(1,089)(1,110)(1,289)(1,297)
Cost of goods and services sold    (901)(903)(927)
Gross profit:939761836902899634601
Operating expenses(561)(492)(483)(556)(523)(301)(292)
Operating income:378269353346376333309
Nonoperating income2622167172222
Public utilities, allowance for funds used during construction, capitalized cost of equity17161011122121
Other nonoperating income (expense)966(4)511
Interest and debt expense(137)(136)(128)(124)(120)(112)(114)
Income from continuing operations before income taxes:267155241229273243217
Income tax expense (benefit)(23)22(27)(17)(86)(50)(45)
Income before gain (loss) on sale of properties:244177214212187193172
Other undisclosed net loss (22)     
Net income available to common stockholders, diluted:244155214212187193172

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:244155214212187193172
Other comprehensive income (loss)1(1)(1)1(1)  
Other undisclosed comprehensive income (loss)     1(1)
Comprehensive income, net of tax, attributable to parent:245154213213186194171

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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