NISOURCE INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Statements of Consolidated Stockholders' Equity
| (in millions) | CommonStock | Preferred Stock(1) | TreasuryStock | AdditionalPaid-InCapital | Retained Deficit | AccumulatedOtherComprehensiveLoss | Noncontrolling Interest in Consolidated Subsidiaries | Total |
|---|---|---|---|---|---|---|---|---|
| Balance as of January 1, 2021 | $3.9 | $880.0 | $(99.9) | $6,890.1 | $(1,765.2) | $(156.7) | $85.6 | $5,837.8 |
| Comprehensive Income: | ||||||||
| Net Income | — | — | — | — | 584.9 | — | 3.9 | 588.8 |
| Other comprehensive income, net of tax | — | — | — | — | — | 29.9 | — | 29.9 |
| Dividends: | ||||||||
| Common stock ($0.88 per share) | — | — | — | — | (345.5) | — | — | (345.5) |
| Preferred stock (See Note 6) | — | — | — | — | (55.1) | — | — | (55.1) |
| Contributions from noncontrolling interest | — | — | — | — | — | — | 236.7 | 236.7 |
| Distributions to noncontrolling interest | — | — | — | — | — | — | (0.6) | (0.6) |
| Stock issuances: | ||||||||
| Equity Units | — | 666.5 | — | — | — | — | — | 666.5 |
| Employee stock purchase plan | — | — | — | 5.0 | — | — | — | 5.0 |
| Long-term incentive plan | — | — | — | 11.8 | — | — | — | 11.8 |
| 401(k) and profit sharing | — | — | — | 9.5 | — | — | — | 9.5 |
| ATM Program | 0.2 | — | — | 287.9 | — | — | — | 288.1 |
| Balance as of December 31, 2021 | $4.1 | $1,546.5 | $(99.9) | $7,204.3 | $(1,580.9) | $(126.8) | $325.6 | $7,272.9 |
| Comprehensive Income: | ||||||||
| Net Income (Loss) | — | — | — | — | 804.1 | — | (12.3) | 791.8 |
| Other comprehensive income, net of tax | — | — | — | — | — | 89.7 | — | 89.7 |
| Dividends: | ||||||||
| Common stock ($0.94 per share) | — | — | — | — | (381.7) | — | — | (381.7) |
| Preferred stock (See Note 6) | — | — | — | — | (55.1) | — | — | (55.1) |
| Contributions from noncontrolling interest | — | — | — | — | — | — | 19.1 | 19.1 |
| Distributions to noncontrolling interest | — | — | — | — | — | — | (6.0) | (6.0) |
| Stock issuances: | ||||||||
| Employee stock purchase plan | — | — | — | 5.2 | — | — | — | 5.2 |
| Long-term incentive plan | — | — | — | 14.3 | — | — | — | 14.3 |
| 401(k) and profit sharing | — | — | — | 9.7 | — | — | — | 9.7 |
| ATM Program | 0.1 | — | — | 141.8 | — | — | — | 141.9 |
| Balance as of December 31, 2022 | $4.2 | $1,546.5 | $(99.9) | $7,375.3 | $(1,213.6) | $(37.1) | $326.4 | $7,901.8 |
| Comprehensive Income: | ||||||||
| Net Income (Loss) | — | — | — | — | 714.3 | — | (39.9) | 674.4 |
| Other comprehensive income, net of tax | — | — | — | — | — | 3.5 | — | 3.5 |
| Dividends: | ||||||||
| Common stock ($1.00 per share) | — | — | — | — | (414.1) | — | — | (414.1) |
| Preferred stock (See Note 6) | — | — | — | — | (43.8) | — | — | (43.8) |
| Noncontrolling Interests: | ||||||||
| Issuance of noncontrolling interest(2) | — | — | — | 809.6 | — | — | 1,361.1 | 2,170.7 |
| Contributions from noncontrolling interest (3) | — | — | — | — | — | — | 233.2 | 233.2 |
| Distributions to noncontrolling interest | — | — | — | — | — | — | (14.1) | (14.1) |
| Stock issuances (redemptions): | ||||||||
| Equity Units | 0.3 | (666.5) | — | 666.2 | — | — | — | — |
| Series A Preferred stock redemption | — | (393.9) | — | — | — | — | — | (393.9) |
| Series A Preferred stock redemption premium | — | — | — | — | (9.8) | — | — | (9.8) |
| Employee stock purchase plan | — | — | — | 5.9 | — | — | — | 5.9 |
| Long-term incentive plan | — | — | — | 12.6 | — | — | — | 12.6 |
| 401(k) and profit sharing | — | — | — | 9.9 | — | — | — | 9.9 |
| Balance as of December 31, 2023 | $4.5 | $486.1 | $(99.9) | $8,879.5 | $(967.0) | $(33.6) | $1,866.7 | $10,136.3 |
(1)Series A and Series C shares had an aggregate liquidation preference of $400 M and $863 M, respectively. Series B has an aggregate liquidation preference of $500 M See Note 6, "Equity," for additional information.
(2) Relates to the NIPSCO Minority Interest Transaction. See Note 4, "Noncontrolling Interest," for additional discussion.
(3)Contributions from noncontrolling interest is net of transaction costs.
STATEMENTS OF CONSOLIDATED STOCKHOLDERS’ EQUITY (continued)
| Preferred · Common | ||||
|---|---|---|---|---|
| (in thousands) | Shares | Shares | Treasury | Outstanding |
| Balance as of January 1, 2021 | 440 | 395,723 | (3,963) | 391,760 |
| Issued: | ||||
| Equity Units(1) | 863 | — | — | — |
| Employee stock purchase plan | — | 209 | — | 209 |
| Long-term incentive plan | — | 418 | — | 418 |
| 401(k) and profit sharing plan | — | 391 | — | 391 |
| ATM Program | — | 12,525 | — | 12,525 |
| Balance as of December 31, 2021 | 1,303 | 409,266 | (3,963) | 405,303 |
| Issued: | ||||
| Employee stock purchase plan | — | 186 | — | 186 |
| Long-term incentive plan | — | 375 | — | 375 |
| 401(k) and profit sharing plan | — | 337 | — | 337 |
| ATM Program | — | 5,942 | — | 5,942 |
| Balance as of December 31, 2022 | 1,303 | 416,106 | (3,963) | 412,143 |
| Issued/(Redeemed): | ||||
| Employee stock purchase plan | — | 216 | — | 216 |
| Long-term incentive plan | — | 758 | — | 758 |
| 401(k) and profit sharing plan | — | 366 | — | 366 |
| Equity Units(1) | (863) | 33,899 | — | 33,899 |
| Series A Preferred Stock | (400) | — | — | — |
| Balance as of December 31, 2023 | 40 | 451,345 | (3,963) | 447,382 |
(1) )See Note 6, "Equity," for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.