PUGET ENERGY INC /WA (PSD) financial statements (2020 and earlier)

Company profile

Business Address 355 110TH AVE NE
BELLEVUE, WA 98004
State of Incorp. WA
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
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments453827293844136
Cash and cash equivalents453827293844136
Restricted cash and investments2118101233  
Receivables316339341329307409288
Inventory, net of allowances, customer advances and progress billings     8882
Inventory     8882
Derivative instruments and hedges, assets2447225421197
Prepaid expense and other current assets1914
Income taxes receivable05
Other undisclosed current assets429417413478568428401
Total current assets:8358578139039671,007932
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset183
Intangible assets, net (including goodwill)1,6571,6571,6571,6571,6571,6571,657
Goodwill1,6571,6571,6571,6571,6571,6571,657
Derivative instruments and hedges83293815
Other noncurrent assets9378745896 
Prepaid expense and other noncurrent assets13196
Other undisclosed noncurrent assets11,88311,50511,14410,64010,11210,10410,102
Total noncurrent assets:13,82513,24112,87712,36411,86811,89911,869
TOTAL ASSETS:14,66014,09913,69113,26612,83512,90712,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities551719604552535445422
Accounts payable326480360317308297288
Employee-related liabilities50515350413838
Taxes payable10011811811110811096
Interest and dividends payable7570747479  
Debt645379529248247162194
Derivative instruments and hedges, liabilities1347654414248178
Other liabilities108798072626073
Other undisclosed current liabilities23193489119
Total current liabilities:1,3191,2271,298919990804985
Noncurrent Liabilities
Long-term debt and lease obligation6,0955,6725,2585,3525,0825,2325,333
Long-term debt, excluding current maturities5,9205,6725,2585,3525,0825,2325,333
Finance lease, liability1
Operating lease, liability174
Liabilities, other than long-term debt138007681,5871,5851,5251,345
Deferred tax liabilities, net7897471,5711,5221,4871,262
Derivative instruments and hedges, liabilities13112116633883
Total noncurrent liabilities:6,1086,4736,0266,9396,6676,7586,678
Total liabilities:7,4277,7007,3247,8587,6577,5627,663
Stockholders' equity
Stockholders' equity attributable to parent4,0003,8613,7503,6893,5433,6803,484
Additional paid in capital3,3093,3093,3093,3093,3093,3093,309
Accumulated other comprehensive income (loss)(84)(77)(24)(34)(37)48(33)
Retained earnings775629465413271323208
Total stockholders' equity:4,0003,8613,7503,6893,5433,6803,484
Other undisclosed liabilities and equity3,2332,5382,6171,7191,6341,6651,654
TOTAL LIABILITIES AND EQUITY:14,66014,09913,69113,26612,83512,90712,802

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
Revenues3,4013,3463,4603,1643,1133,1873,215
Revenue, net3,4183,1293,0973,1853,214
Cost of revenue
(Cost of Goods and Services Sold)
  (590)(532)(514)(542)(622)
Gross profit:3,4013,3462,8702,6332,5992,6452,593
Operating expenses(2,882)(2,792)(2,700)(2,379)(2,535)(2,432)(2,500)
Other undisclosed operating income  590532514542622
Operating income:519554760785578755716
Nonoperating income (expense)65552524(62)146171
Investment income, nonoperating    (84)103134
Public utilities, allowance for funds used during construction, additions1514119611 
Other nonoperating income51421415173237
Interest and debt expense(357)(344)(355)(355)(367)(392)(392)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  0(1)80(100)(116)
Income from continuing operations before income taxes:228266430453229408379
Income tax expense(17)(30)(255)(140)(57)(122)(105)
Net income available to common stockholders, diluted:211236175313172286274

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
Net income:211236175313172286274
Other comprehensive income (loss)(2) 5(3)(46)  
Comprehensive income:209236180309126286274
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(53)4(3)(39)81(2)
Comprehensive income, net of tax, attributable to parent:20418318530687366272

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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