CENTERPOINT ENERGY INC

For the period ended Sep 30, 2024. Filed Oct 28, 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.

Sep 30, 2024 · Filed Oct 28, 2024

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

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Contents

CenterPoint Energy Houston Electric, LLC Financial Statements

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
(in millions)
Revenues	$1,058	$1,083	$3,003	$2,784
Expenses:
Operation and maintenance	533	409	1,426	1,190
Depreciation and amortization	171	210	580	555
Taxes other than income taxes	71	70	221	201
Total	775	689	2,227	1,946
Operating Income	283	394	776	838
Other Income (Expense):
Interest expense and other finance charges	(74)	(69)	(229)	(185)
Interest expense on Securitization Bonds	(1)	(2)	(3)	(6)
Other income, net	12	5	33	22
Total	(63)	(66)	(199)	(169)
Income Before Income Taxes	220	328	577	669
Income tax expense	41	72	112	147
Net Income	$179	$256	$465	$522

	September 30, 2024	December 31, 2023
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($96 and $76 related to VIEs, respectively)	$97	$76
Accounts receivable ($1 and $19 related to VIEs, respectively), less allowance for credit losses of $1 and $1, respectively	446	295
Accounts and notes receivable–affiliated companies	13	251
Accrued unbilled revenues	191	142
Materials and supplies	393	409
Taxes receivable	—	38
Prepaid expenses and other current assets ($13 and $13 related to VIEs, respectively)	24	48
Total current assets	1,164	1,259
Property, Plant and Equipment, net:
Property, plant and equipment	21,371	19,515
Less: accumulated depreciation and amortization	4,568	4,469
Property, plant and equipment, net	16,803	15,046
Other Assets:
Regulatory assets ($-0- and $74 related to VIEs, respectively)	1,288	752
Other non-current assets	41	29
Total other assets	1,329	781
Total Assets	$19,296	$17,086

	September 30, 2024	December 31, 2023
(in millions)
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities:
Current portion of VIE Securitization Bonds long-term debt	$81	$161
Accounts payable	1,314	351
Accounts and notes payable–affiliated companies	156	104
Taxes accrued	153	155
Interest accrued	120	99
Other current liabilities	134	111
Total current liabilities	1,958	981
Other Liabilities:
Deferred income taxes, net	1,465	1,406
Benefit obligations	40	32
Regulatory liabilities	966	1,025
Other non-current liabilities	92	107
Total other liabilities	2,563	2,570
Long-Term Debt, net	8,126	7,426
Commitments and Contingencies (Note 13)
Member’s Equity:
Common stock	—	—
Additional paid-in capital	5,069	4,745
Retained earnings	1,580	1,364
Total member’s equity	6,649	6,109
Total Liabilities and Member’s Equity	$19,296	$17,086

	Nine Months Ended September 30,
	2024	2023
(in millions)
Cash Flows from Operating Activities:
Net income	$465	$522
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	580	555
Deferred income taxes	42	117
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	(203)	(211)
Accounts receivable/payable–affiliated companies	(19)	(9)
Inventory	16	(18)
Accounts payable	(113)	(23)
Taxes receivable	38	(8)
Current regulatory assets and liabilities	(1)	6
Non-current regulatory assets and liabilities	(527)	(119)
Other current assets and liabilities	53	18
Other non-current assets and liabilities	(10)	44
Other operating activities, net	(15)	(16)
Net cash provided by operating activities	306	858
Cash Flows from Investing Activities:
Capital expenditures	(1,171)	(1,724)
Decrease (increase) in notes receivable–affiliated companies	238	(400)
Other investing activities, net	(111)	(8)
Net cash used in investing activities	(1,044)	(2,132)
Cash Flows from Financing Activities:
Proceeds from long-term debt and term loan, net	699	1,398
Payments of long-term debt	(80)	(77)
Increase (decrease) in notes payable–affiliated companies	71	(642)
Dividend to parent	(249)	(239)
Contribution from parent	324	885
Payment of debt issuance costs	(4)	(12)
Other financing activities, net	(2)	(1)
Net cash provided by financing activities	759	1,312
Net Increase in Cash, Cash Equivalents and Restricted Cash	21	38
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	89	88
Cash, Cash Equivalents and Restricted Cash at End of Period	$110	$126

Three Months Ended September 30, · Nine Months Ended September 30,
2024 · 2023 · 2024 · 2023
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
(in millions, except share amounts)
Common Stock
Balance, beginning of period	1,000		$—	1,000		$—	1,000	$—		1,000	$—
Balance, end of period	1,000		—	1,000		—	1,000	—		1,000	—
Additional Paid-in-Capital
Balance, beginning of period		4,975			4,510		4,745		3,860
Contribution from parent		94			235		324		885
Balance, end of period		5,069			4,745		5,069		4,745
Retained Earnings
Balance, beginning of period		1,495			1,244		1,364		1,138
Net income		179			256		465		522
Dividend to parent		(94)			(79)		(249)		(239)
Balance, end of period		1,580			1,421		1,580		1,421
Total Member’s Equity		$6,649			$6,166		$6,649		$6,166

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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.