UNITIL Corporation (UTL) financial statements (2020 and earlier)

Company profile

Business Address 6 LIBERTY LANE WEST
HAMPTON, NH 03842
State of Incorp. NH
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58138989
Cash and cash equivalents5896989
Short-term investments  421  
Receivables61757361617652
Inventory, net of allowances, customer advances and progress billings      5
Inventory      5
Regulatory current assets36414038273844
Other undisclosed current assets29282625292330
Total current assets:131152151132126145140
Noncurrent Assets
Operating lease, right-of-use asset4
Regulated entity, other noncurrent assets11699110104100108100
Other noncurrent assets1210109121415
Other undisclosed noncurrent assets1,108      
Total noncurrent assets:1,240109119113112121115
Other undisclosed assets 1,037972883809734666
TOTAL ASSETS:1,3711,2981,2421,1281,0461,000921
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38434232364838
Accounts payable38434232334438
Taxes payable    2  
Interest and dividends payable     4 
Debt7810471102633363
Derivative instruments and hedges, liabilities11131012152214
Regulatory liability71291016910
Accrued environmental loss contingencies1110141
Deferred tax liabilities    37
Other liabilities26201920151110
Other undisclosed current liabilities     (0)2
Total current liabilities:160193151177145129145
Noncurrent Liabilities
Long-term debt and lease obligation 36811336285
Long-term debt, excluding current maturities     329285
Capital lease obligations368118 
Liabilities, other than long-term debt293364372333300261149
Asset retirement obligations96918477706457
Deferred tax liabilities, net988398927373
Liability, pension and other postretirement and postemployment benefits142122150149124119
Accrued environmental loss contingencies21222214
Regulatory liability47474938  
Other liabilities7645422
Derivative instruments and hedges, liabilities     23
Other undisclosed noncurrent liabilities104   (0)(329)(208)
Total noncurrent liabilities:397367378341311269226
Total liabilities:557560529518456398371
Stockholders' equity
Stockholders' equity attributable to parent, including:377351337293283273265
Preferred stock0000000
Common stock     235232
Retained earnings94726152453833
Other undisclosed stockholders' equity attributable to parent283279276241238 (0)
Total stockholders' equity:377351337293283273265
Other undisclosed liabilities and equity438387376317308329285
TOTAL LIABILITIES AND EQUITY:1,3711,2981,2421,1281,0461,000921

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Gross profit:438444406383427426367
Operating expenses8(8)   (12)(6)
Other undisclosed operating loss(373)(365)(337)(318)(364)(354)(308)
Operating income:73717065636054
Nonoperating income (expense)9(6)(0)(0)213
Investment income, nonoperating    213
Other nonoperating income (expense)9(6)(0)(0)1(0)(0)
Interest and debt expense(27)(26)(26)(24)(24)(22)(22)
Income from continuing operations before equity method investments, income taxes:55394441423934
Other undisclosed income from continuing operations before income taxes3221   
Income from continuing operations before income taxes:58414743423934
Income tax expense(14)(8)(18)(15)(15)(14)(13)
Income before gain (loss) on sale of properties:44332927262522
Other undisclosed net loss(88)      
Net income (loss):(44)332927262522
Other undisclosed net income (loss) attributable to parent88(0)0(0)0(0)(0)
Net income available to common stockholders, diluted:44332927262522

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(44)332927262522
Comprehensive income (loss), net of tax, attributable to parent:(44)332927262522

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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