NISOURCE INC
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 12, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Balance Sheets
| (in millions) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Property, Plant and Equipment | ||
| Plant | $34,152.9 | $30,482.1 |
| Accumulated depreciation and amortization | (8,699.0) | (8,207.2) |
| Net Property, Plant and Equipment(1) | 25,453.9 | 22,274.9 |
| Investments and Other Assets | ||
| Unconsolidated affiliates | 6.5 | 5.3 |
| Available-for-sale debt securities (amortized cost of $91.9 and $169.0, allowance for credit losses of $0.1 and $0.6, respectively) | 86.7 | 159.1 |
| Other investments | 85.5 | 82.7 |
| Total Investments and Other Assets | 178.7 | 247.1 |
| Current Assets | ||
| Cash and cash equivalents | 156.6 | 2,245.4 |
| Restricted cash | 42.0 | 35.7 |
| Accounts receivable | 987.9 | 884.9 |
| Allowance for credit losses | (23.7) | (22.9) |
| Accounts receivable, net | 964.2 | 862.0 |
| Gas storage | 179.6 | 265.8 |
| Materials and supplies, at average cost | 173.3 | 172.1 |
| Electric production fuel, at average cost | 36.2 | 65.3 |
| Exchange gas receivable | 45.7 | 66.0 |
| Regulatory assets | 319.9 | 214.3 |
| Deposits to renewable generation asset developer | — | 454.2 |
| Prepayments | 138.5 | 105.5 |
| Other current assets | 24.2 | 13.1 |
| Total Current Assets(1) | 2,080.2 | 4,499.4 |
| Other Assets | ||
| Regulatory assets | 2,157.4 | 2,245.9 |
| Goodwill | 1,485.9 | 1,485.9 |
| Deferred charges and other | 432.0 | 324.0 |
| Total Other Assets | 4,075.3 | 4,055.8 |
| Total Assets | $31,788.1 | $31,077.2 |
(1)Includes $1,323.8 million and $1,369.8 million in 2024 and 2023, respectively, of net property, plant and equipment assets, $65.0 million and $63.6 million in 2024 and 2023, respectively, of current assets of consolidated VIEs that may be used only to settle obligations of the consolidated VIEs. Refer to Note 4, "Noncontrolling Interests," for additional information.
| (in millions, except share amounts) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| CAPITALIZATION AND LIABILITIES | ||
| Capitalization | ||
| Stockholders’ Equity | ||
| Common stock - $0.01 par value, 750,000,000 shares authorized; 469,822,472 and 447,381,671 shares outstanding, respectively | $4.7 | $4.5 |
| Preferred stock - $0.01 par value, 20,000,000 shares authorized; 0 and 40,000 shares outstanding, respectively | — | 486.1 |
| Treasury stock | (99.9) | (99.9) |
| Additional paid-in capital | 9,521.5 | 8,879.5 |
| Retained deficit | (711.7) | (967.0) |
| Accumulated other comprehensive loss | (30.4) | (33.6) |
| Total NiSource Stockholders' Equity | 8,684.2 | 8,269.6 |
| Noncontrolling interest in consolidated subsidiaries | 1,984.1 | 1,866.7 |
| Total Stockholders’ Equity | 10,668.3 | 10,136.3 |
| Long-term debt, excluding amounts due within one year | 12,074.5 | 11,055.5 |
| Total Capitalization | 22,742.8 | 21,191.8 |
| Current Liabilities | ||
| Current portion of long-term debt | 1,281.2 | 23.8 |
| Short-term borrowings | 604.6 | 3,048.6 |
| Accounts payable | 863.1 | 749.4 |
| Customer deposits and credits | 268.8 | 294.4 |
| Taxes accrued | 173.4 | 166.2 |
| Interest accrued | 157.0 | 136.1 |
| Asset retirement obligations | 84.6 | 72.5 |
| Exchange gas payable | 91.8 | 50.5 |
| Regulatory liabilities | 150.5 | 278.6 |
| Accrued compensation and employee benefits | 268.2 | 227.6 |
| Other accruals | 170.2 | 217.4 |
| Total Current Liabilities(1) | 4,113.4 | 5,265.1 |
| Other Liabilities | ||
| Deferred income taxes | 2,281.6 | 2,080.4 |
| Accrued liability for postretirement and postemployment benefits | 207.5 | 250.1 |
| Regulatory liabilities | 1,431.2 | 1,510.7 |
| Asset retirement obligations | 698.6 | 480.5 |
| Other noncurrent liabilities and deferred credits | 313.0 | 298.6 |
| Total Other Liabilities(1) | 4,931.9 | 4,620.3 |
| Commitments and Contingencies (Refer to Note 19, "Other Commitments and Contingencies") | ||
| Total Capitalization and Liabilities | $31,788.1 | $31,077.2 |
(1)Includes $53.7 million and $68.3 million in 2024 and 2023, respectively, of current liabilities, $58.3 million and $55.7 million in 2024 and 2023, respectively, of other liabilities, and finance leases of $40.4 million in 2024, of consolidated VIEs that creditors do not have recourse to our general credit. Refer to Note 4, "Noncontrolling Interests," 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.