Spark Energy, Inc. (SPKE) financial statements (2021 and earlier)

Company profile

Business Address 12140 WICKCHESTER LANE
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (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 investments725741291944
Cash and cash equivalents725741291944
Restricted cash and investments 19   1
Receivables751161531621156265
Inventory, net of allowances, customer advances and progress billings1344448
Inventory1344448
Prepaid expense   1111
Derivative instruments and hedges, assets00731810
Regulatory current assets212426    
Deposits current assets67987711
Intangible current assets1214 191270
Other current assets12612201243
Other undisclosed current assets693122191312
Total current assets:205236292297198103106
Noncurrent Assets
Property, plant and equipment3348544
Intangible assets, net (including goodwill)120120147155101251
Goodwill1201201201207918 
Intangible assets, net (excluding goodwill)  26352171
Capitalized contract cost, net0104
Derivative instruments and hedges 0333  
Deferred costs   7643
Deferred income tax assets2830
Other noncurrent assets461112930
Deferred tax assets, net  552324
Other undisclosed noncurrent assets6182724   
Total noncurrent assets:1621871972091786032
TOTAL ASSETS:367423489506376162138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities618680111894245
Accounts payable27487078523038
Accrued liabilities3438103437127
Debt  721732833
Derivative instruments and hedges, liabilities8206211112
Regulatory liability203343    
Due to related parties112    
Business combination, contingent consideration, liability  1412  
Deferred tax liabilities   1 
Other liabilities1213522
Other undisclosed current liabilities  211421
Total current liabilities:911421421511848593
Noncurrent Liabilities
Long-term debt and lease obligation1001231401255210
Long-term debt, excluding current maturities1001231401255210
Liabilities, other than long-term debt00011210
Deferred tax liabilities, net  1  
Business combination, contingent consideration, liability   111  
Derivative instruments and hedges, liabilities0000010
Other undisclosed noncurrent liabilities002627522221
Total noncurrent liabilities:100124166152684421
Total liabilities:191266308303252129114
Temporary equity, carrying amount87909141   
Stockholders' equity
Stockholders' equity attributable to parent, including:6551463630119
Treasury stock, value(2)(2)(2)(2)   
Additional paid in capital 52462725139
Accumulated other comprehensive income (loss)(0)(0)0(0)0  
Retained earnings (accumulated deficit) 11115(1)(1)
Other undisclosed stockholders' equity attributable to parent67000000
Stockholders' equity attributable to noncontrolling interest241644125932215
Total stockholders' equity:8867901611243324
TOTAL LIABILITIES AND EQUITY:367423489506376162138

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
Revenues5558141,006798547358323
Revenue, net798547358323
Cost of revenue(345)(615)(845)(552)(345)(267)(271)
Cost of goods and services sold(345)(615)(845)(552)(345)(241)(262)
Gross profit:2101991602462029252
Operating expenses(122)(175)(1,010)(143)(118)(62)(56)
Other undisclosed operating income  845    
Operating income (loss):8924(4)1028430(4)
Nonoperating income (expense)(5)(3)(9)11(8)(2)(1)
Other nonoperating income 1     
Interest and debt expense(5)(9)(9)(11)(9)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:7913(22)1036726(7)
Other undisclosed income from continuing operations before income taxes59911922
Income (loss) from continuing operations before income taxes:8421(12)1147628(5)
Income tax expense (benefit)(16)(7)(2)(38)(10)(2)1
Net income (loss):6814(14)766626(4)
Net income (loss) attributable to noncontrolling interest     (22)4
Other undisclosed net income (loss) attributable to parent(39)(6)13(57)(51)  
Net income (loss) attributable to parent:298(1)19144(0)
Preferred stock dividends and other adjustments(7)(8)(8)(3)   
Net income (loss) available to common stockholders, basic:220(9)16144(0)
Dilutive securities, effect on basic earnings per share    (0)(0) 
Net income (loss) available to common stockholders, diluted:220(9)16144(0)

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 (loss):6814(14)766626(4)
Other comprehensive income (loss) (0)0    
Other undisclosed comprehensive income (loss)   (0)0  
Comprehensive income (loss):6814(14)766626(4)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(39)(6)13(57)(51)(22)4
Comprehensive income (loss), net of tax, attributable to parent:298(1)19144(0)

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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