CENTERPOINT ENERGY INC

For the period ended Mar 31, 2024. Filed Apr 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 30, 2024

CNP$41.24+1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CenterPoint Energy Houston Electric, LLC Financial Statements

	Three Months Ended March 31,
	2024	2023
(in millions)
Revenues	$901	$792
Expenses:
Operation and maintenance	437	380
Depreciation and amortization	199	159
Taxes other than income taxes	75	64
Total	711	603
Operating Income	190	189
Other Income (Expense):
Interest expense and other finance charges	(76)	(53)
Interest expense on Securitization Bonds	(1)	(2)
Other income, net	11	7
Total	(66)	(48)
Income Before Income Taxes	124	141
Income tax expense	25	33
Net Income	$99	$108

	March 31, 2024	December 31, 2023
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($109 and $76 related to VIEs, respectively)	$109	$76
Accounts receivable ($18 and $19 related to VIEs, respectively), less allowance for credit losses of $1 and $1, respectively	265	295
Accounts and notes receivable–affiliated companies	586	251
Accrued unbilled revenues	122	142
Materials and supplies	410	409
Taxes receivable	5	38
Prepaid expenses and other current assets ($13 and $13 related to VIEs, respectively)	32	48
Total current assets	1,529	1,259
Property, Plant and Equipment, net:
Property, plant and equipment	19,891	19,515
Less: accumulated depreciation and amortization	4,555	4,469
Property, plant and equipment, net	15,336	15,046
Other Assets:
Regulatory assets ($42 and $74 related to VIEs, respectively)	725	752
Other non-current assets	33	29
Total other assets	758	781
Total Assets	$17,623	$17,086

	March 31, 2024	December 31, 2023
(in millions)
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities:
Current portion of VIE Securitization Bonds long-term debt	$161	$161
Accounts payable	347	351
Accounts and notes payable–affiliated companies	89	104
Taxes accrued	83	155
Interest accrued	115	99
Other current liabilities	86	111
Total current liabilities	881	981
Other Liabilities:
Deferred income taxes, net	1,397	1,406
Benefit obligations	40	32
Regulatory liabilities	958	1,025
Other non-current liabilities	122	107
Total other liabilities	2,517	2,570
Long-Term Debt, net	7,823	7,426
Commitments and Contingencies (Note 13)
Member’s Equity:
Common stock	—	—
Additional paid-in capital	4,975	4,745
Retained earnings	1,427	1,364
Total member’s equity	6,402	6,109
Total Liabilities and Member’s Equity	$17,623	$17,086

	Three Months Ended March 31,
	2024	2023
(in millions)
Cash Flows from Operating Activities:
Net income	$99	$108
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	199	159
Deferred income taxes	(11)	18
Changes in other assets and liabilities:
Accounts and notes receivable, net	51	86
Accounts receivable/payable–affiliated companies	(15)	(57)
Inventory	(1)	(34)
Accounts payable	25	3
Taxes receivable	33	—
Net regulatory assets and liabilities	(79)	(95)
Other current assets and liabilities	(79)	(90)
Other non-current assets and liabilities	23	1
Other operating activities, net	(4)	(5)
Net cash provided by operating activities	241	94
Cash Flows from Investing Activities:
Capital expenditures	(461)	(587)
Increase in notes receivable–affiliated companies	(335)	(313)
Other investing activities, net	1	(5)
Net cash used in investing activities	(795)	(905)
Cash Flows from Financing Activities:
Proceeds from long-term debt	398	898
Decrease in notes payable–affiliated companies	—	(642)
Dividend to parent	(36)	(51)
Contribution from parent	230	650
Payment of debt issuance costs	(3)	(7)
Other financing activities, net	(2)	(1)
Net cash provided by financing activities	587	847
Net Increase in Cash, Cash Equivalents and Restricted Cash	33	36
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	89	88
Cash, Cash Equivalents and Restricted Cash at End of Period	$122	$124

	Three Months Ended March 31,
2024 · 2023
Shares · Amount · Shares · Amount
(in millions, except share amounts)
Common Stock
Balance, beginning of period	1,000		$—	1,000		$—
Balance, end of period	1,000		—	1,000		—
Additional Paid-in-Capital
Balance, beginning of period		4,745			3,860
Contribution from parent		230			650
Balance, end of period		4,975			4,510
Retained Earnings
Balance, beginning of period		1,364			1,138
Net income		99			108
Dividend to parent		(36)			(51)
Balance, end of period		1,427			1,195
Total Member’s Equity		$6,402			$5,705

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.