ESSENTIAL UTILITIES, INC. WTR Balance Sheet

Essential utilities, inc. (WTR)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Property, plant and equipment, at cost
10,795	8,201	7,998	7,881	7,747	7,648	7,447	7,191	7,088	7,003	6,857	6,717	6,590	6,509	6,386	6,282	6,183	6,088	5,985	5,879	5,764	5,707	5,594	5,500	5,397	5,350	5,265	5,184	5,107	5,050	4,953	4,990	4,714	4,517	4,528	4,616	4,532	4,322	4,389	4,308	4,141
Less: accumulated depreciation
1,905	1,856	1,801	1,766	1,727	1,718	1,706	1,649	1,627	1,604	1,580	1,558	1,533	1,507	1,484	1,458	1,430	1,399	1,379	1,356	1,331	1,305	1,281	1,266	1,237	1,212	1,174	1,158	1,136	1,114	1,089	1,124	1,056	987	1,015	1,060	1,035	964	991	967	927
Net property, plant and equipment
8,889	6,345	6,196	6,114	6,020	5,930	5,740	5,541	5,460	5,399	5,276	5,159	5,057	5,001	4,901	4,823	4,752	4,688	4,605	4,522	4,433	4,401	4,313	4,233	4,159	4,138	4,090	4,025	3,971	3,936	3,863	3,865	3,657	3,530	3,513	3,555	3,496	3,357	3,397	3,341	3,214
Current assets:
Cash and cash equivalents
31	1,868	2,030	1,974	4	3	4	52	3	4	4	7	4	3	3	4	3	3	4	4	9	4	4	3	17	5	6	4	19	5	6	5	5	8	7	6	7	5	13	13	21
Accounts receivable, net
179	67	75	110	96	65	114	103	91	98	104	98	89	97	109	99	91	99	111	109	95	96	105	100	89	94	98	98	89	92	103	99	77	75	86	93	79	78	96	85	78
Unbilled revenues
83	40	41	-	-	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory - materials and supplies
22	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory - gas stored
11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	7	16	16	16	16	-	-	-	-	33	33	33	33	18	-	0
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	35	35	26	42	41	49	40	40	46	32	37	10	18	27	37	18	18	16	0	-	-	-
Inventory, materials and supplies
-	-	17	16	16	15	16	16	15	14	16	16	13	12	12	11	12	12	12	13	12	12	12	12	11	11	12	12	11	11	12	11	10	11	11	11	10	9	10	9	9
Prepayments and other current assets
32	16	12	15	24	23	13	14	12	12	11	13	12	12	11	14	12	11	11	12	11	11	11	12	11	11	9	15	10	10	13	12	9	9	8	13	9	10	10	10	11
Regulatory assets
5	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
1	1	1	1	3	3	1	1	1	1	1	1	1	1	3	1	1	1	-	-	-	-	30	30	32	30	28	29	32	86	85	0	112	263	169	-	-	163	-	-	-
Total current assets
368	2,015	2,178	2,117	143	147	149	189	124	131	138	138	122	128	141	132	122	128	168	175	164	152	207	201	213	200	211	221	212	260	230	147	243	405	335	178	156	301	149	119	121
Regulatory assets
1,186	875	851	832	803	788	767	750	731	713	1,044	1,003	974	948	911	887	859	830	799	771	748	725	658	630	599	585	637	563	536	521	244	249	241	240	198	226	222	187	219	221	226
Deferred charges and other assets, net
61	42	42	41	40	39	39	38	38	38	36	33	31	30	30	30	30	28	52	54	54	52	52	51	51	50	50	50	50	49	73	64	59	51	51	57	60	62	63	60	59
Investment in joint venture
5	5	6	7	6	6	6	7	7	6	7	6	6	7	8	7	7	7	41	42	42	43	44	46	47	48	45	46	42	38	-	-	-	5	-	-	-	-	-	-	-
Funds restricted for construction activity
1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	11	23	23	23	35	55	90	88	100	134	134	135	42	81	84
Goodwill
2,351	63	52	52	53	52	53	42	42	42	42	42	42	42	41	42	42	33	33	33	33	31	30	27	27	28	27	28	28	28	38	38	26	26	28	40	41	27	41	43	43
Operating lease right-of-use assets
65	12	12	13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
12,928	9,361	9,340	9,180	7,080	6,964	6,757	6,570	6,403	6,332	6,545	6,383	6,235	6,158	6,036	5,922	5,815	5,717	5,701	5,600	5,477	5,406	5,307	5,191	5,099	5,051	5,074	4,958	4,865	4,858	4,487	4,420	4,319	4,348	4,228	4,193	4,112	4,072	3,913	3,867	3,749
Liabilities and Equity
Stockholders' equity:
Common stock at $0.50 par value, authorized 300,000,000 shares, issued 248,234,603 and 223,871,284 as of March 31, 2020 and December 31, 2019
124	111	109	109	90	90	90	90	90	90	90	90	90	90	90	90	90	89	89	89	89	89	89	89	89	88	88	71	70	70	70	70	69	69	69	69	69	69	69	68	68
Capital in excess of par value
3,361	2,636	2,633	2,633	827	820	814	811	809	807	804	802	800	797	795	793	790	773	768	766	763	758	753	751	748	743	739	747	730	718	713	704	693	686	681	676	673	664	658	651	642
Retained earnings
1,209	1,210	1,197	1,159	1,152	1,174	1,217	1,177	1,147	1,132	1,115	1,075	1,048	1,032	1,017	978	950	930	933	897	869	849	812	773	745	729	698	635	633	611	544	541	523	508	474	477	461	452	423	421	409
Treasury stock, at cost, 3,194,287 and 3,112,565 shares as of March 31, 2020 and December 31, 2019
82	77	77	77	77	75	75	75	75	73	73	73	73	71	70	70	70	68	63	50	46	42	41	29	29	27	27	26	16	14	14	14	13	13	12	12	12	12	12	12	12
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0
Total stockholders' equity
4,613	3,880	3,862	3,824	1,992	2,009	2,045	2,004	1,972	1,957	1,938	1,896	1,867	1,850	1,832	1,791	1,760	1,725	1,728	1,702	1,676	1,655	1,615	1,586	1,554	1,534	1,499	1,428	1,418	1,385	1,314	1,302	1,272	1,251	1,212	1,211	1,192	1,174	1,139	1,129	1,108
Long-term debt, excluding current portion
4,757	2,972	2,933	2,779	2,483	2,419	2,287	2,202	2,084	2,029	1,974	1,844	1,819	1,759	1,748	1,798	1,766	1,743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: debt issuance costs
28	29	35	29	20	20	20	21	21	21	21	21	22	22	22	22	22	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,728	1,702	1,676	1,655	1,615	1,586	1,554	1,535	1,500	1,428	1,418	1,385	1,314	1,302	1,273	1,251	1,212	1,212	1,192	1,174	1,139	1,130	1,109
Long-term debt, excluding current portion, net of debt issuance costs
4,729	2,943	2,898	2,749	2,462	2,398	2,266	2,181	2,063	2,007	1,952	1,822	1,797	1,737	1,726	1,775	1,744	1,720	1,681	1,660	1,594	1,560	1,560	1,481	1,498	1,468	1,439	1,489	1,464	1,543	1,519	1,569	1,437	1,395	1,402	1,468	1,530	1,491	1,450	1,461	1,386
Commitments and contingencies (See Note 15)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Current liabilities:
Current portion of long-term debt
115	105	178	221	156	144	108	118	103	113	84	143	119	150	83	38	29	35	47	38	47	58	86	118	97	86	81	46	83	45	40	44	39	80	95	90	28	28	12	35	59
Loans payable
381	25	10	6	32	15	21	-	20	3	20	67	27	6	47	26	28	16	28	36	33	18	6	40	27	36	109	112	97	80	97	59	112	107	102	118	91	89	69	51	27
Accounts payable
115	74	57	57	55	77	56	42	40	59	63	46	50	47	44	40	33	56	45	47	34	63	48	38	31	65	41	46	31	55	45	42	33	67	38	42	29	44	36	49	57
Book overdraft
-	10	5	22	5	8	12	15	12	21	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
51	29	38	30	27	23	27	22	24	21	23	17	20	18	18	17	21	12	21	13	20	12	20	13	21	13	20	14	21	14	21	14	21	14	16	16	20	15	19	17	16
Accrued taxes
41	22	17	17	22	22	19	17	22	23	21	18	24	25	18	19	21	21	27	25	31	31	11	8	13	14	20	16	22	28	32	20	22	16	14	10	15	18	17	18	18
Regulatory liabilities
31	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap agreements
-	-	-	-	94	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	-	-	24	-	-	-	22	-	-	-	21	-	-
Other accrued liabilities
90	49	45	43	40	47	42	37	34	41	38	39	35	40	39	37	39	49	47	42	38	41	32	31	30	33	27	26	26	27	25	26	20	22	23	27	23	24	29	26	21
Liabilities of discontinued operations held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	27	29	29	17	17	19	23	27	4	74	137	114	-	-	103	-	-	-
Total current liabilities
827	323	352	398	434	398	288	253	259	284	252	332	277	301	251	179	174	193	216	203	205	225	235	277	251	279	318	306	301	274	315	212	324	446	428	306	209	323	206	198	201
Deferred credits and other liabilities:
Deferred income taxes and investment tax credits
1,192	936	909	876	855	845	839	808	786	769	1,391	1,339	1,301	1,269	1,236	1,190	1,152	1,118	1,115	1,079	1,041	1,000	972	926	901	866	835	800	752	723	634	625	607	596	550	545	514	456	446	414	408
Customers' advances for construction
99	95	104	102	99	93	94	93	90	93	107	91	90	91	93	87	86	86	87	84	75	78	77	78	73	73	71	71	68	71	75	82	68	66	66	66	66	65	68	68	76
Regulatory liabilities
640	512	520	525	528	531	533	542	543	541	239	244	245	250	250	254	255	259	264	269	273	278	279	283	278	281	284	241	238	241	48	45	42	41	38	39	37	33	32	30	28
Asset retirement obligations
49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
60	11	11	11	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and other postretirement benefit liabilities
110	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
48	33	100	97	96	97	101	104	107	107	110	105	110	115	107	109	110	100	98	94	106	109	71	68	75	81	152	151	155	157	123	119	119	121	87	107	112	93	113	111	114
Total deferred credits and other liabilities
2,201	1,658	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred credits and other liabilities
-	-	1,645	1,614	1,591	1,566	1,568	1,548	1,527	1,511	1,848	1,780	1,746	1,727	1,687	1,641	1,604	1,565	1,565	1,527	1,497	1,467	1,400	1,356	1,328	1,302	1,344	1,265	1,215	1,194	881	873	837	826	743	757	730	648	661	625	628
Contributions in aid of construction
557	555	582	593	599	590	588	581	581	571	553	551	546	542	538	534	531	512	510	505	503	498	495	489	467	465	471	467	464	460	455	462	447	428	440	447	449	434	455	451	424
Total liabilities and equity
12,928	9,361	9,340	9,180	7,080	6,964	6,757	6,570	6,403	6,332	6,545	6,383	6,235	6,158	6,036	5,922	5,815	5,717	5,701	5,600	5,477	5,406	5,307	5,191	5,099	5,051	5,074	4,958	4,865	4,858	4,487	4,420	4,319	4,348	4,228	4,193	4,112	4,072	3,913	3,867	3,749