Teco Energy Inc (TE) Financial Statements (2024 and earlier)

Company Profile

Business Address 702 N FRANKLIN ST
TAMPA, FL 33602
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2425185201
Cash and cash equivalents 2425185201
Receivables 281300287283
Derivative instruments and hedges, assets   100
Regulatory asset 45543470
Disposal group, including discontinued operation  110  
Prepaid expense and other current assets34
Income taxes receivable20
Deferred tax assets  73100(63)
Other undisclosed current assets 221194239332
Total current assets: 570756858857
Noncurrent Assets
Property, plant and equipment 7,4827,0886,1705,990
Intangible assets, net (including goodwill) 408408
Goodwill 408408  
Derivative instruments and hedges   00
Regulated entity, other noncurrent assets 395349293383
Disposal group, including discontinued operation, noncurrent assets  60
Deferred costs    127
Other undisclosed noncurrent assets 10566127 
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 liabilities 305358296265
Interest and dividends payable 3640  
Taxes payable 13303532
Accounts payable 255289262233
Debt 333275167 
Derivative instruments and hedges, liabilities 2437015
Regulatory liability 855786107
Disposal group, including discontinued operation  39  
Customer advances and deposits 182176
Other liabilities 23172020
Other undisclosed current liabilities 247139196196
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 debt 5,2031,6911,5021,480
Deferred revenue and credits  371426550
Deferred tax liabilities, net  519444278
Regulatory liability  729631652
Disposal group, including discontinued operation, liabilities  65  
Other liabilities 5,203   
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
Equity
Equity, attributable to parent 2,5592,5752,3342,292
Common stock 235235217217
Additional paid in capital 1,8951,8761,5811,565
Accumulated other comprehensive loss (12)(16)(13)(31)
Retained earnings 441480548542
Total equity: 2,5592,5752,3342,292
TOTAL LIABILITIES AND EQUITY: 8,9618,7267,4487,357

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

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 2,7442,5662,8512,997
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 income 21111011
Investment income, nonoperating  02(36)
Public utilities, allowance for funds used during construction, additions 171163
Other nonoperating income 3149
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
Income before gain (loss) on sale of properties: 174130198213
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)

9/30/2016
TTM
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 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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