Portland General Electric Company (POR) financial statements (2021 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)

12/31/2020
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 investments32301193964127
Cash and cash equivalents32301193964127
Receivables368167193168155158149
Inventory, net of allowances, customer advances and progress billings23403126323940
Inventory23403126323940
Prepaid expense      39
Regulatory current assets2317616236129133
Other current assets9810490737788115
Other undisclosed current assets17714214915815713996
Total current assets:721500643526463557699
Noncurrent Assets
Finance lease, right-of-use asset145150
Operating lease, right-of-use asset4451
Property, plant and equipment 7,1615757691424 
Intangible assets, net (including goodwill)(388)(366)(302)(296)(257)(227)(191)
Intangible assets, net (excluding goodwill)(388)(366)(302)(296)(257)(227)(191)
Derivative instruments and hedges12132 5 1
Regulated entity, other noncurrent assets582494411448509524494
Assets held-in-trust42383637343332
Other noncurrent assets15316610154575548
Other undisclosed noncurrent assets7,7581877,1627,0126,0255,8555,959
Total noncurrent assets:8,3487,8947,4677,3127,0646,6646,343
TOTAL ASSETS:9,0698,3948,1107,8387,5277,2217,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15316516813212998156
Employee-related liabilities67746660525151
Taxes payable36333431252522
Interest and dividends payable67616158555349
Other undisclosed accounts payable and accrued liabilities(17)(3)7(17)(3)(31)34
Debt32616300 150139375
Derivative instruments and hedges, liabilities1423555944130106
Regulatory liability      60
Other liabilities322315268241254259236
Other undisclosed current liabilities      (60)
Total current liabilities:815519791432577626873
Noncurrent Liabilities
Long-term debt and lease obligation3,0152,7752,1782,4262,2002,0712,126
Long-term debt, excluding current maturities2,8862,5972,1782,4262,2002,0712,126
Finance lease, liability129135
Operating lease, liability 43
Liabilities, other than long-term debt2,6262,0712,3392,2912,1402,0091,911
Asset retirement obligations2702634    
Deferred tax liabilities, net369376669632625
Deferred income tax liabilities374 
Liability, pension and other postretirement and postemployment benefits400247307284281259237
Regulatory liability1,3691,3771,3551,288958928906
Other liabilities77762031921072921
Derivative instruments and hedges, liabilities136108101151125161122
Other undisclosed noncurrent liabilities 438296273266257221
Total noncurrent liabilities:5,6415,2844,8134,9904,6064,3374,258
Total liabilities:6,4565,8035,6045,4225,1834,9635,131
Stockholders' equity
Stockholders' equity attributable to parent2,6132,5912,5062,4162,3442,2581,911
Common stock1,2311,2201,2121,2071,2011,196918
Accumulated other comprehensive loss(11)(10)(7)(8)(7)(8)(7)
Retained earnings1,3931,3811,3011,2171,1501,0701,000
Total stockholders' equity:2,6132,5912,5062,4162,3442,2581,911
TOTAL LIABILITIES AND EQUITY:9,0698,3948,1107,8387,5277,2217,042

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,1452,1231,9912,0091,9231,8981,900
Revenue, net2,0091,9231,8981,900
Cost of revenue(1,384)(1,287)(1,089)(1,110)(1,289)(1,297)(1,343)
Cost of goods and services sold   (901)(903)(927)(970)
Gross profit:761836902899634601557
Operating expenses(492)(483)(556)(523)(301)(292)(264)
Operating income:269353346376333309293
Nonoperating income2216717222238
Investment income, nonoperating      45
Loss on contract termination      (10)
Public utilities, allowance for funds used during construction, capitalized cost of equity16101112212137
Other nonoperating income (expense)66(4)5111
Interest and debt expense(136)(128)(124)(120)(112)(114)(96)
Income from continuing operations before income taxes:155241229273243217235
Income tax expense (benefit)22(27)(17)(86)(50)(45)(61)
Income before gain (loss) on sale of properties:177214212187193172174
Other undisclosed net loss(22)      
Net income:155214212187193172174
Net income attributable to noncontrolling interest      1
Net income available to common stockholders, diluted:155214212187193172175

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:155214212187193172174
Other comprehensive income (loss)(1)(1)1(1)   
Other undisclosed comprehensive income (loss)    1(1)(2)
Comprehensive income:154213213186194171172
Comprehensive income, net of tax, attributable to noncontrolling interest      1
Comprehensive income, net of tax, attributable to parent:154213213186194171173

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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