PUGET ENERGY INC /WA (PSD) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments52453827293844
Cash and cash equivalents52453827293844
Restricted cash and investments302118101233 
Receivables352316339341329307409
Inventory, net of allowances, customer advances and progress billings      88
Inventory      88
Derivative instruments and hedges, assets33244722542119
Prepaid expense and other current assets19
Income taxes receivable0
Other undisclosed current assets450429417413478568428
Total current assets:9178358578139039671,007
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset172183
Intangible assets, net (including goodwill)1,6571,6571,6571,6571,6571,6571,657
Goodwill1,6571,6571,6571,6571,6571,6571,657
Derivative instruments and hedges9832938
Other noncurrent assets819378745896 
Prepaid expense and other noncurrent assets131
Other undisclosed noncurrent assets12,20711,88311,50511,14410,64010,11210,104
Total noncurrent assets:14,12613,82513,24112,87712,36411,86811,899
TOTAL ASSETS:15,04314,66014,09913,69113,26612,83512,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities569551719604552535445
Accounts payable342326480360317308297
Employee-related liabilities43505153504138
Taxes payable111100118118111108110
Interest and dividends payable747570747479 
Debt920645379529248247162
Derivative instruments and hedges, liabilities311347654414248
Other liabilities731087980726260
Other undisclosed current liabilities223193489
Total current liabilities:1,5961,3191,2271,298919990804
Noncurrent Liabilities
Long-term debt and lease obligation6,0546,0955,6725,2585,3525,0825,232
Long-term debt, excluding current maturities5,8925,9205,6725,2585,3525,0825,232
Finance lease, liability01
Operating lease, liability161174
Liabilities, other than long-term debt30138007681,5871,5851,525
Deferred tax liabilities, net7897471,5711,5221,487
Derivative instruments and hedges, liabilities30131121166338
Total noncurrent liabilities:6,0846,1086,4736,0266,9396,6676,758
Total liabilities:7,6797,4277,7007,3247,8587,6577,562
Stockholders' equity
Stockholders' equity attributable to parent4,1404,0003,8613,7503,6893,5433,680
Additional paid in capital3,3143,3093,3093,3093,3093,3093,309
Accumulated other comprehensive income (loss)(86)(84)(77)(24)(34)(37)48
Retained earnings913775629465413271323
Total stockholders' equity:4,1404,0003,8613,7503,6893,5433,680
Other undisclosed liabilities and equity3,2243,2332,5382,6171,7191,6341,665
TOTAL LIABILITIES AND EQUITY:15,04314,66014,09913,69113,26612,83512,907

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
Revenues3,3263,4013,3463,4603,1643,1133,187
Revenue, net3,4183,1293,0973,185
Cost of revenue
(Cost of Goods and Services Sold)
   (590)(532)(514)(542)
Gross profit:3,3263,4013,3462,8702,6332,5992,645
Operating expenses(2,819)(2,882)(2,792)(2,700)(2,379)(2,535)(2,432)
Other undisclosed operating income   590532514542
Operating income:508519554760785578755
Nonoperating income (expense)5065552524(62)146
Investment income, nonoperating     (84)103
Public utilities, allowance for funds used during construction, additions151514119611
Other nonoperating income36514214151732
Interest and debt expense(374)(357)(344)(355)(355)(367)(392)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   0(1)80(100)
Income from continuing operations before income taxes:184228266430453229408
Income tax expense(2)(17)(30)(255)(140)(57)(122)
Net income available to common stockholders, diluted:183211236175313172286

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
Net income:183211236175313172286
Other comprehensive income (loss)(1)(2) 5(3)(46) 
Comprehensive income:182209236180309126286
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(5)(53)4(3)(39)81
Comprehensive income, net of tax, attributable to parent:18020418318530687366

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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