Teco Energy Inc (TE) financial statements (2021 and earlier)

Company profile

Business Address 702 N FRANKLIN ST
TAMPA, FL 33602
State of Incorp. FL
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2425185201
Cash and cash equivalents2425185201
Receivables281300287283
Derivative instruments and hedges, assets  100
Regulatory current assets45543470
Disposal group, including discontinued operation 110  
Prepaid expense and other current assets34
Income taxes receivable20
Deferred tax assets 73100(63)
Other undisclosed current assets221194239332
Total current assets:570756858857
Noncurrent Assets
Property, plant and equipment7,4827,0886,1705,990
Intangible assets, net (including goodwill)408408
Goodwill408408  
Derivative instruments and hedges  00
Regulated entity, other noncurrent assets395349293383
Disposal group, including discontinued operation, noncurrent assets 60
Deferred costs   127
Other undisclosed noncurrent assets10566127 
Total noncurrent assets:8,3917,9716,5906,500
TOTAL ASSETS:8,9618,7267,4487,357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities305358296265
Accounts payable255289262233
Taxes payable13303532
Interest and dividends payable3640  
Debt333275167 
Derivative instruments and hedges, liabilities2437015
Regulatory liability855786107
Disposal group, including discontinued operation 39  
Customer advances and deposits182176
Other liabilities23172020
Other undisclosed current liabilities247139196196
Total current liabilities:1,1991,098765602
Noncurrent Liabilities
Long-term debt and lease obligation 3,3542,8382,973
Long-term debt, excluding current maturities 3,3542,8382,973
Liabilities, other than long-term debt5,2031,6911,5021,480
Deferred revenue and credits 371426550
Deferred tax liabilities, net 519444278
Regulatory liability 729631652
Disposal group, including discontinued operation, liabilities 65  
Other liabilities5,203   
Derivative instruments and hedges, liabilities 601
Other undisclosed noncurrent liabilities 9910
Total noncurrent liabilities:5,2035,0544,3494,463
Total liabilities:6,4026,1525,1145,065
Stockholders' equity
Stockholders' equity attributable to parent2,5592,5752,3342,292
Common stock235235217217
Additional paid in capital1,8951,8761,5811,565
Accumulated other comprehensive loss(12)(16)(13)(31)
Retained earnings441480548542
Total stockholders' equity:2,5592,5752,3342,292
TOTAL LIABILITIES AND EQUITY:8,9618,7267,4487,357

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2,7442,5662,8512,997
Cost of revenue(2,159)(2,032)(1,491)(1,417)
Cost of goods and services sold(989)(973)(1,306)(1,417)
Gross profit:5855351,3601,580
Operating expenses(23)(30)(897)(1,041)
Other undisclosed operating income   18
Operating income:562505464557
Nonoperating income21111011
Investment income, nonoperating 02(36)
Public utilities, allowance for funds used during construction, additions171163
Other nonoperating income3149
Interest and debt expense(186)(171)(167)(185)
Income from continuing operations before income taxes:397345307383
Income tax expense(155)(139)(109)(160)
Other undisclosed income from continuing operations   24
Income from continuing operations:241206198246
Loss from discontinued operations(68)(76)(0)(33)
Net income:174130198213
Other undisclosed net loss attributable to parent   (0)
Net income attributable to parent:174130198213
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)
Net income available to common stockholders, diluted:173130197212

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:174130198213
Other comprehensive income (loss)4(3)18(9)
Comprehensive income:177128216204
Other undisclosed comprehensive loss, net of tax, attributable to parent   (0)
Comprehensive income, net of tax, attributable to parent:177128216204

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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