Energy Future Holdings Corp (TXU) financial statements (2020 and earlier)

Company profile

Business Address ENERGY PLAZA
DALLAS, TX 75201
State of Incorp.
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)

Current Assets
Cash, cash equivalents, and short-term investments2,2863,4281,2171,913
Cash and cash equivalents2,2863,4281,2171,913
Restricted cash and investments5246  
Inventory, net of allowances, customer advances and progress billings428468399393
Derivative instruments and hedges, assets4654928511,595
Prepaid expense and other current assets143
Deferred tax assets  105 
Other current assets8791135
Other undisclosed current assets (230)770491
Total current assets:4,3235,0834,4675,513
Noncurrent Assets
Property, plant and equipment9,43012,39717,79118,705
Long-term investments and receivables9841,042891767
Long-term investments984995891767
Due from related parties 47  
Intangible assets, net (including goodwill)1,3183,6675,6316,707
Intangible assets, net (excluding goodwill)1,1661,3151,6791,755
Derivative instruments and hedges 54586
Regulated entity, other noncurrent assets 893791654
Restricted cash and investments507901 947
Other noncurrent assets9595865
Prepaid expense and other noncurrent assets1,070
Defined benefit plan, assets for plan benefits 616170
Deferred tax assets, net609   
Other undisclosed noncurrent assets6,0645,1045,9455,951
Total noncurrent assets:19,00724,16531,97935,457
TOTAL ASSETS:23,33029,24836,44640,970
Current Liabilities
Accounts payable and accrued liabilities668682401394
Accounts payable413406401394
Taxes payable134157  
Interest and dividends payable121119  
Derivative instruments and hedges, liabilities2033161,3551,044
Asset retirement obligation66548484
Deferred tax liabilities 135 48
Other liabilities425399504353
Other undisclosed current liabilities7,1152049101,106
Total current liabilities:8,5121,79543,5065,268
Noncurrent Liabilities
Long-term debt and lease obligation, including:60128 37,815
Capital lease obligations239 52
Other undisclosed long-term debt and lease obligation5889 37,763
Liabilities, other than long-term debt2,0333,6677,93810,746
Pension and other postretirement defined benefit plans, liabilities1,0571,035
Asset retirement obligations 560440452
Deferred tax liabilities, net 7133,4332,828
Liability for uncertainty in income taxes 742462,005
Liability, pension and other postretirement and postemployment benefits 243
Other liabilities2,0332,0772,7624,426
Other undisclosed noncurrent liabilities37,78643,381(1,743)(1,936)
Total noncurrent liabilities:39,87947,1766,19546,625
Total liabilities:48,39148,97149,70151,893
Stockholders' equity
Stockholders' equity attributable to parent(25,061)(19,723)(13,256)(11,025)
Common stock2222
Additional paid in capital7,9687,9687,9627,959
Accumulated other comprehensive loss(126)(130)(63)(47)
Accumulated deficit(32,905)(27,563)(21,157)(18,939)
Stockholders' equity attributable to noncontrolling interest  1102
Total stockholders' equity:(25,061)(19,723)(13,255)(10,923)
TOTAL LIABILITIES AND EQUITY:23,33029,24836,44640,970

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

Gross profit:5,3705,9785,8995,636
Operating expenses(7,184)(9,532)(4,135)(4,574)
Operating income (loss):(1,814)(3,554)1,7641,062
Nonoperating expense(59)(222)(166)(348)
Other nonoperating expense(60)(245)(167)(350)
Interest and debt expense(1,760)(2,201)(2,704)(3,508)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,713)(3,397)(2,825)(2,068)
Loss from continuing operations before equity method investments, income taxes:(7,346)(9,374)(3,931)(4,862)
Income from equity method investments334349335270
Loss from continuing operations before income taxes:(7,012)(9,025)(3,596)(4,592)
Income tax benefit1,6702,6191,2711,232
Net loss:(5,342)(6,406)(2,325)(3,360)
Net income attributable to noncontrolling interest  107 
Net loss available to common stockholders, diluted:(5,342)(6,406)(2,218)(3,360)

Comprehensive Income ($ in millions)

Net loss:(5,342)(6,406)(2,325)(3,360)
Other comprehensive income (loss)4(67)(16)175
Comprehensive loss:(5,338)(6,473)(2,341)(3,185)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (107) 
Other undisclosed comprehensive income, net of tax, attributable to parent  214 
Comprehensive loss, net of tax, attributable to parent:(5,338)(6,473)(2,234)(3,185)

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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