Major Investor-Owned Electric Utilities--Balance Sheet and Income Account of Privately Owned Companies statistics


	1991	1992	1993	1994	1995	1996	1997	1998

COMPOSITE INCOME ACCOUNTS

Operating revenue	182,451	185,493	193,638	196,282	199,967	207,459	215,083	217,818
Electric	166,804	169,488	176,354	179,307	183,655	188,901	195,898	201,613
Gas	14,560	14,937	16,687	16,222	15,580	17,869	18,663	15,735
Other utility	1,087	1,068	597	753	731	689	522	470

Operating expenses	150,362	153,682	161,908	164,207	165,321	173,920	182,796	186,103
Electric	135,948	139,009	146,118	148,663	150,599	156,938	165,443	171,294
Operation	0	0	91,328	93,108	91,881	97,207	104,337	110,807
Maintenance	0	0	12,447	12,022	11,767	12,050	12,368	12,451
Depreciation	16,127	17,092	18,099	18,679	19,885	21,194	23,072	23,890
Taxes other than income taxes	12,270	12,760	13,040	13,275	13,519	13,569	13,612	12,836
Regulatory debits (net)	0	0	429	706	1,142	683	616	-585
Income taxes	8	7	8,297	9,626	11,480	11,195	11,862	13,078
Deferred income tax	2,295	3,017	2,993	1,832	1,474	1,617	25	-535
Investment tax credit (net)	-392,931	-524,768	-516	-585	-550	-577	-448	-649
Gas	13,406	13,691	15,235	14,878	14,073	16,258	16,925	14,396
Income taxes	0	0	252	465	532	224	585	668
Other	13,098	13,412	14,983	14,413	13,541	16,034	16,341	13,718
Other utility	1,008	982	556	667	649	725	427	413
Income taxes	0	0	11	15	6	-22	2	-4
Other	1,004	955	545	652	643	747	425	417

Operating income	32,089	31,811	31,730	32,074	34,646	33,539	32,286	31,715
Electric	30,856	30,479	30,236	30,645	33,057	31,963	30,454	30,319
Gas	1,154	1,246	1,452	1,344	1,507	1,612	1,737	1,339
Other utility	79	86	41	86	82	-36	95	57
Other income and deductions	523	1,689	1,346	1,810	1,811	1,614	1,813	1,112
Allowance for other funds used during construction	706	612	591	403	316	231	201	184
Less taxes	1	0	1,120	478	351	597	1,007	1,738
Deferred earnings (misc.)	1,272	1,341	677	802	373	774	666	2,770
Less other income and expenses	601,723	-115,638	-1,197	-1,082	-1,474	-1,207	-1,954	104

Total income before interest charges	32,612	33,500	33,076	33,884	36,457	35,153	34,100	32,827

Net interest charges	15,736	15,223	14,700	14,162	14,421	13,990	14,086	13,963
Interest expense	16,010	15,307	14,567	13,915	14,170	13,646	13,768	13,654
Less allowance for borrowed funds used during construction	1	1	555	421	435	326	331	323
Other charges,net	361,424	474,080	689	667	687	671	649	632

Net income before extraordinary charges	16,876	18,277	18,376	19,722	22,036	21,162	20,014	18,864
Less extraordinary items after taxes	-74	-108	484	-165	-25	-66	3,151	1,344
Net income	16,950	18,384	17,891	19,888	22,061	21,228	16,863	17,521

Dividends declared - preferred stock	1,945	2,039	1,765	1,582	1,519	1,248	1,005	756
Earnings available for common stocks	15,004	16,345	16,126	18,306	20,542	19,980	15,857	16,764
Dividends declared - common stock	14,428	14,898	15,334	15,876	16,250	16,810	17,756	17,361
Additions total earnings	254	2,184	296	2,063	4,282	2,193	-1,960	-17

COMPOSITE BALANCE SHEET

Total assets and other debits	487,540	506,352	566,641	574,512	578,934	581,991	586,241	598,951

Utility plant, net	376,772	386,865	393,829	397,812	397,383	396,438	385,258	363,015
Electric utility plant, net	349,611	358,300	363,829	366,936	366,116	363,854	351,427	328,215
Electric utility plant	479,822	498,119	519,207	535,928	553,858	569,969	579,042	574,716
Construction work in progress	0	0	18,049	17,148	13,523	11,396	11,164	11,353
Less accumulated depreciation	148,288	160,467	173,427	186,140	201,265	217,510	238,779	257,854
Nuclear fuel, net	6,912	6,837	5,964	5,657	5,286	5,444	5,219	4,791
Other utility plant, net	20,249	21,728	24,036	25,219	25,981	27,140	28,613	30,009

Other property and investments	17,385	18,046	20,064	23,479	27,988	33,120	43,248	48,398
Current and accrued assets	43,358	43,448	42,410	41,263	44,140	43,515	47,639	54,491
Deferred debits	50,025	57,994	110,338	111,957	109,423	108,918	110,096	133,048

Liabilities and other credits	487,540	506,352	566,641	574,512	578,934	581,991	586,241	598,951

Capitalization	348,828	356,027	360,455	364,725	365,775	365,783	369,079	366,814
Common stock equity (end of year)	(NA)	(NA)	(NA)	164,483	170,497	174,325	174,467	172,351
Common stock	99,723	103,964	107,471	109,522	111,302	112,633	113,890	113,169
Retained earnings (adjusted)	51,948	52,383	52,826	54,961	59,195	61,692	60,577	59,182
Preferred stock	25,262	25,539	25,304	24,860	21,569	18,830	16,080	14,337
Long-term debt	171,895	174,141	174,854	175,382	173,708	172,627	178,532	180,126

Current liabilities and deferred credits	138,711	150,326	206,186	209,787	213,159	216,208	217,162	232,137
Other noncurrent liabilities	6,931	8,628	11,478	13,453	14,352	15,309	17,086	18,004
Current and accrued liabilities	43,357	45,558	48,879	48,035	49,929	49,342	51,594	57,743
Deferred credits	88,423	96,140	145,829	148,299	148,877	151,557	148,482	156,389
Accumulated deferred income taxes	59,188	65,021	104,964	107,055	108,615	110,537	106,394	106,550
Accumulated deferred investment tax credit	14,690	14,047	13,429	12,784	12,139	11,491	10,783	9,793
Other deferred credits (adjusted)	14,545	17,072	27,436	28,460	28,123	29,529	31,305	40,047

COMPOSITE FINANCIAL INDICATORS

Activity:
1. Electric fixed asset (net plant) turnover	0.48	0.47	0.48	0.49	0.50	0.52	0.56	0.61
2. Total asset turnover	0.37	0.37	0.34	0.34	0.35	0.36	0.37	0.36

Leverage:
3. Current assets to current liabilities	1.00	0.95	0.87	0.86	0.88	0.88	0.92	0.94
4. Long term debt to capitalization	49.28	48.91	48.51	48.09	47.49	47.19	48.37	49.11
5. Preferred stock to capitalization	7.24	7.17	7.02	6.82	5.90	5.15	4.36	3.91
6. Common stock equity to capitalization	43.48	43.91	44.47	45.10	46.61	47.66	47.27	46.99
7. Total debt to total assets	36.69	36.13	32.48	32.35	31.89	31.57	32.23	32.00
8 Common stock equity to total assets	31.11	30.88	28.29	28.63	29.45	29.95	29.76	28.78
9. Interest coverage before taxes without AFUDC	2.49	2.62	2.78	3.10	3.37	3.36	3.33	3.37

Profitability:
10. Profit margin	9.29	9.91	9.24	10.13	11.03	10.23	7.84	8.04
11. Return on average common stock equity	11.33	11.94	22.32	12.24	13.17	12.31	9.67	10.10
12. Return on investment	3.48	3.63	3.16	3.46	3.81	3.65	2.88	2.93

https://allcountries.org/uscensus/970_major_investor_owned_electric_utilities_balance.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright � 2019 Photius Coutsoukis and Information Technology Associates, all rights reserved.

970. Major Investor-Owned Electric Utilities--Balance Sheet and Income Account of Privately Owned Companies