Portland General Electric Company (POR) financial statements (2020 and earlier)

Company profile

Business Address 121 SW SALMON ST
PORTLAND, OR 97204
State of Incorp. OR
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments301193964127107
Cash and cash equivalents301193964127107
Receivables167193168155158149146
Inventory, net of allowances, customer advances and progress billings403126323940
Inventory403126323940 
Prepaid expense     3938
Regulatory current assets1761623612913366
Other current assets1049073778811594
Other undisclosed current assets14214915815713996140
Total current assets:500643526463557699591
Noncurrent Assets
Finance lease, right-of-use asset150
Operating lease, right-of-use asset51
Property, plant and equipment7,1615757691424  
Intangible assets, net (including goodwill)(366)(302)(296)(257)(227)(191)(170)
Intangible assets, net (excluding goodwill)(366)(302)(296)(257)(227)(191)(170)
Derivative instruments and hedges132 5 1 
Regulated entity, other noncurrent assets494411448509524494464
Assets held-in-trust38363734333235
Other noncurrent assets1661015457554849
Other undisclosed noncurrent assets1877,1627,0126,0255,8555,9595,132
Total noncurrent assets:7,8947,4677,3127,0646,6646,3435,510
TOTAL ASSETS:8,3948,1107,8387,5277,2217,0426,101
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16516813212998156173
Employee-related liabilities74666052515146
Taxes payable33343125252221
Interest and dividends payable616158555349 
Other undisclosed accounts payable and accrued liabilities(3)7(17)(3)(31)34106
Debt16300 150139375 
Derivative instruments and hedges, liabilities2355594413010649
Regulatory liability     601
Other liabilities315268241254259236171
Other undisclosed current liabilities     (60)(1)
Total current liabilities:519791432577626873393
Noncurrent Liabilities
Long-term debt and lease obligation2,7752,1782,4262,2002,0712,1261,916
Long-term debt, excluding current maturities2,5972,1782,4262,2002,0712,1261,916
Finance lease, liability135
Operating lease, liability43
Liabilities, other than long-term debt2,0712,3392,2912,1402,0091,9111,771
Pension and other postretirement defined benefit plans, liabilities154
Asset retirement obligations2634     
Deferred tax liabilities, net369376669632625586
Liability, pension and other postretirement and postemployment benefits247307284281259237
Regulatory liability1,3771,3551,288958928906865
Other liabilities76203192107292125
Derivative instruments and hedges, liabilities108101151125161122141
Other undisclosed noncurrent liabilities438296273266257221201
Total noncurrent liabilities:5,2844,8134,9904,6064,3374,2583,888
Total liabilities:5,8035,6045,4225,1834,9635,1314,281
Stockholders' equity
Stockholders' equity attributable to parent2,5912,5062,4162,3442,2581,9111,819
Common stock1,2201,2121,2071,2011,196918911
Accumulated other comprehensive loss(10)(7)(8)(7)(8)(7)(5)
Retained earnings1,3811,3011,2171,1501,0701,000913
Stockholders' equity attributable to noncontrolling interest      1
Total stockholders' equity:2,5912,5062,4162,3442,2581,9111,820
TOTAL LIABILITIES AND EQUITY:8,3948,1107,8387,5277,2217,0426,101

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,1231,9912,0091,9231,8981,9001,810
Revenue, net2,0091,9231,8981,9001,810
Cost of revenue(1,287)(1,089)(1,110)(1,289)(1,297)(1,343)(1,351)
Cost of goods and services sold  (901)(903)(927)(970)(982)
Gross profit:836902899634601557459
Operating expenses(483)(556)(523)(301)(292)(264)(253)
Operating income:353346376333309293206
Nonoperating income1671722223820
Investment income, nonoperating     45 
Loss on contract termination     (10) 
Public utilities, allowance for funds used during construction, capitalized cost of equity10111221213713
Other nonoperating income (expense)6(4)51117
Interest and debt expense(128)(124)(120)(112)(114)(96)(101)
Income from continuing operations before income taxes:241229273243217235125
Income tax expense(27)(17)(86)(50)(45)(61)(21)
Net income:214212187193172174104
Net income attributable to noncontrolling interest     11
Net income available to common stockholders, diluted:214212187193172175105

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:214212187193172174104
Other comprehensive income (loss)(1)1(1)    
Other undisclosed comprehensive income (loss)   1(1)(2)1
Comprehensive income:213213186194171172105
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     1(1)
Other undisclosed comprehensive income, net of tax, attributable to parent      2
Comprehensive income, net of tax, attributable to parent:213213186194171173106

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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