RGC Resources Inc. (RGCO) financial statements (2022 and earlier)

Company profile

Business Address 519 KIMBALLAVENUE N.E.
ROANOKE, VA 24016
State of Incorp. VA
Fiscal Year End September 30
SIC 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    24770643
Cash and cash equivalents    24770643
Receivables11,8476,1413,4043,8703,9143,4933,479
Inventory, net of allowances, customer advances and progress billings7,4857,8675,7096,4487,6277,7027,437
Inventory7,4857,8675,7096,4487,6277,7027,437
Prepaid expense2,1873,1056481,1588381,7971,551
Contract with customer, asset 1,1911,0421,236 
Derivative instruments and hedges, assets35   10127 
Regulatory current assets5,8145,6562,5031,522   
Other current assets2,3631,0158557349811,5771,548
Other undisclosed current assets2,7191682771,4171,8371,021824
Total current assets:32,44925,14414,43716,38515,54515,68615,482
Noncurrent Assets
Long-term investments and receivables   47,37528,5077,4453,496
Long-term investments   47,37528,5077,4453,496
Derivative instruments and hedges    21090 
Regulated entity, other noncurrent assets29626829912,1798,86211,79614,332
Other noncurrent assets75,43173,31668,798411473190114
Other undisclosed noncurrent assets215,055211,382198,146    
Total noncurrent assets:290,782284,965267,24359,96638,05219,52117,942
Other undisclosed assets   182,003165,964147,928132,128
TOTAL ASSETS:323,231310,109281,680258,354219,560183,135165,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,32813,1009,4369,27110,2049,1809,510
Accounts payable6,2137,7304,4424,4835,2115,1235,346
Accrued liabilities2,4723,8203,5653,4483,7503,0073,194
Interest and dividends payable1,6421,5501,4281,3401,2431,050970
Deferred revenue1,3881,5401,587880
Debt28,5407,000    14,557
Derivative instruments and hedges, liabilities242332534148   
Regulatory liability7213308904,878   
Customer refund liability    1,320  
Customer advances and deposits2,4252,6933,233
Other undisclosed current liabilities3,5403,7124,1246,45710,1432,4941,197
Total current liabilities:44,75926,01416,57121,63324,09214,36628,497
Noncurrent Liabilities
Long-term debt and lease obligation124,810133,471123,820    
Long-term debt, excluding current maturities124,810133,471123,820    
Liabilities, other than long-term debt, including:51,36750,92352,40125,38222,95137,36138,404
Asset retirement obligations  7,1816,7896,4186,0705,683
Deferred tax liabilities, net12,58623,07718,958
Deferred income tax liabilities  13,974 
Liability, pension and other postretirement and postemployment benefits  6,1506,9123,9488,21413,764
Regulatory liability  10,72910,934   
Other liabilities51,36750,923     
Derivative instruments and hedges, liabilities  1,690747   
Other undisclosed liabilities, other than long-term debt  12,678    
Other undisclosed noncurrent liabilities   24,87122,61210,0559,348
Total noncurrent liabilities:176,177184,394176,22150,25345,56347,41647,753
Total liabilities:220,936210,407192,79271,88669,65561,78376,250
Stockholders' equity
Stockholders' equity attributable to parent102,29599,70288,88883,09679,58360,04055,667
Common stock41,94541,87540,80040,36639,97336,20423,941
Additional paid in capital19,93619,70515,84714,39713,0442929,510
Accumulated other comprehensive loss(1,184)(1,535)(3,448)(2,489)(872)(1,202)(2,497)
Retained earnings41,59939,65635,68930,82227,43824,74624,713
Total stockholders' equity:102,29599,70288,88883,09679,58360,04055,667
Other undisclosed liabilities and equity   103,37170,32261,31233,636
TOTAL LIABILITIES AND EQUITY:323,231310,109281,680258,354219,560183,135165,553

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues78,92175,17563,07568,02765,53562,29759,063
Cost of revenue
(Cost of Goods and Services Sold)
    (32,092)(28,920)(27,009)
Other undisclosed gross profit     (568)(489)
Gross profit:78,92175,17563,07568,02733,44332,80931,565
Operating expenses(10,861)(10,715)(10,086)(9,521)   
Other undisclosed operating loss(53,484)(49,682)(40,472)(46,910)(21,850)(21,143)(20,353)
Operating income:14,57514,77812,51811,59511,59311,66611,212
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
905912636352122(132)(256)
Interest and debt expense(4,137)(4,052)(4,099)(3,619)(2,462)(1,917)(1,636)
Income from continuing operations before equity method investments, income taxes:11,34311,6399,0558,3299,2549,6179,320
Income from equity method investments3831,6684,8153,020939422153
Income from continuing operations before income taxes:11,72613,30613,87011,34910,19210,0389,473
Income tax expense(2,763)(3,204)(3,306)(2,651)(2,895)(3,805)(3,666)
Net income available to common stockholders, diluted:8,96310,10210,5658,6987,2976,2335,807

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:8,96310,10210,5658,6987,2976,2335,807
Other comprehensive income (loss)   (715)5621,136 
Comprehensive income:8,96310,10210,5657,9847,8597,3695,807
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,0801,913(959)(902)(17)159(211)
Comprehensive income, net of tax, attributable to parent:11,04312,0159,6067,0817,8427,5285,596

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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