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Midas Edge

CENTERPOINT ENERGY INC

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

View on SEC.gov

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

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

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Contents

CenterPoint Energy Resources Corp. Financial Statements

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(in millions)
Revenues:
Utility revenues$589$574$2,757$3,014
Non-utility revenues1193431
Total6005832,7913,045
Expenses:
Utility natural gas1401411,0461,399
Non-utility cost of revenues, including natural gas1122
Operation and maintenance207187614616
Depreciation and amortization124125389365
Taxes other than income taxes5153176181
Total5235072,2272,563
Operating Income7776564482
Other Income (Expense):
Interest expense and other finance charges(38)(44)(145)(131)
Other income, net461012
Total(34)(38)(135)(119)
Income Before Income Taxes4338429363
Income tax expense9108480
Net Income$34$28$345$283

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(in millions)
Net income$34$28$345$283
Adjustment to pension and other postretirement plans (net of tax of $-0-, $-0-, $-0- and $-0-)——(1)(1)
Other comprehensive loss——(1)(1)
Comprehensive income$34$28$344$282
September 30, 2024December 31, 2023
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents$1$1
Accounts receivable, less allowance for credit losses of $24 and $25, respectively201356
Accrued unbilled revenues, less allowance for credit losses of $1 and $1, respectively111329
Accounts and notes receivable–affiliated companies2343
Materials and supplies109107
Natural gas inventory144156
Non-trading derivative assets1—
Taxes receivable106101
Current assets held for sale1,251—
Regulatory assets242161
Prepaid expenses and other current assets3055
Total current assets2,2191,309
Property, Plant and Equipment, net:
Property, plant and equipment15,29515,672
Less: accumulated depreciation and amortization4,1104,169
Property, plant and equipment, net11,18511,503
Other Assets:
Goodwill1,4611,583
Regulatory assets816850
Other non-current assets11251
Total other assets2,3892,484
Total Assets$15,793$15,296
September 30, 2024December 31, 2023
(in millions)
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities:
Short-term borrowings$—$4
Current portion of long-term debt10—
Accounts payable254392
Accounts payable–affiliated companies7999
Taxes accrued120145
Interest accrued5070
Customer deposits8195
Non-trading derivative liabilities48
Current liabilities held for sale220—
Other current liabilities231274
Total current liabilities1,0491,087
Other Liabilities:
Deferred income taxes, net1,3721,246
Non-trading derivative liabilities23
Benefit obligations7374
Regulatory liabilities1,8081,882
Other non-current liabilities474455
Total other liabilities3,7293,660
Long-Term Debt, net4,7724,670
Commitments and Contingencies (Note 13)
Stockholder’s Equity:
Common stock——
Additional paid-in capital4,5194,229
Retained earnings1,7091,634
Accumulated other comprehensive income1516
Total stockholder’s equity6,2435,879
Total Liabilities and Stockholder’s Equity$15,793$15,296
Nine Months Ended September 30,
20242023
(in millions)
Cash Flows from Operating Activities:
Net income$345$283
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization389365
Deferred income taxes95(113)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net333724
Accounts receivable/payable–affiliated companies(1)57
Inventory(9)90
Taxes receivable(5)—
Accounts payable(124)(384)
Current regulatory assets and liabilities(89)1,129
Non-current regulatory assets and liabilities(20)63
Other current assets and liabilities(41)64
Other non-current assets and liabilities18(5)
Other operating activities, net(33)(3)
Net cash provided by operating activities8582,270
Cash Flows from Investing Activities:
Capital expenditures(1,027)(1,219)
Decrease (increase) in notes receivable–affiliated companies1(86)
Other investing activities, net44(15)
Net cash used in investing activities(982)(1,320)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net(2)(14)
Payments of commercial paper, net(287)(805)
Proceeds from long-term debt and term loan, net3992,006
Payments of long-term debt and term loan—(2,275)
Dividends to parent(270)(347)
Payment of debt issuance costs(4)(13)
Contribution from parent290500
Other financing activities, net(2)(1)
Net cash provided by (used in) financing activities124(949)
Net Increase in Cash, Cash Equivalents and Restricted Cash—1
Cash, Cash Equivalents and Restricted Cash at Beginning of Period1—
Cash, Cash Equivalents and Restricted Cash at End of Period$1$1
Three Months Ended September 30, · Nine Months Ended September 30,
2024 · 2023 · 2024 · 2023
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
(in millions, except share amounts)
Common Stock
Balance, beginning of period1,000$—1,000$—1,000$—1,000$—
Balance, end of period1,000—1,000—1,000—1,000—
Additional Paid-in-Capital
Balance, beginning of period4,5194,2294,2293,729
Contribution from parent——290500
Balance, end of period4,5194,2294,5194,229
Retained Earnings
Balance, beginning of period1,6991,5621,6341,618
Net income3428345283
Dividend to parent(24)(36)(270)(347)
Balance, end of period1,7091,5541,7091,554
Accumulated Other Comprehensive Income
Balance, beginning of period15151616
Other comprehensive loss——(1)(1)
Balance, end of period15151515
Total Stockholder’s Equity$6,243$5,798$6,243$5,798
ContentsView on SEC.gov

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