CENTERPOINT ENERGY INC

For the period ended Jun 30, 2024. Filed Jul 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.

Jun 30, 2024 · Filed Jul 30, 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 June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
(in millions)
Revenues	$1,044	$909	$1,945	$1,701
Expenses:
Operation and maintenance	456	401	893	781
Depreciation and amortization	210	186	409	345
Taxes other than income taxes	75	67	150	131
Total	741	654	1,452	1,257
Operating Income	303	255	493	444
Other Income (Expense):
Interest expense and other finance charges	(79)	(63)	(155)	(116)
Interest expense on Securitization Bonds	(1)	(2)	(2)	(4)
Other income, net	10	10	21	17
Total	(70)	(55)	(136)	(103)
Income Before Income Taxes	233	200	357	341
Income tax expense	46	42	71	75
Net Income	$187	$158	$286	$266

	June 30, 2024	December 31, 2023
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($61 and $76 related to VIEs, respectively)	$61	$76
Accounts receivable ($26 and $19 related to VIEs, respectively), less allowance for credit losses of $1 and $1, respectively	370	295
Accounts and notes receivable–affiliated companies	298	251
Accrued unbilled revenues	172	142
Materials and supplies	415	409
Taxes receivable	—	38
Prepaid expenses and other current assets ($13 and $13 related to VIEs, respectively)	28	48
Total current assets	1,344	1,259
Property, Plant and Equipment, net:
Property, plant and equipment	20,448	19,515
Less: accumulated depreciation and amortization	4,573	4,469
Property, plant and equipment, net	15,875	15,046
Other Assets:
Regulatory assets ($-0- and $74 related to VIEs, respectively)	845	752
Other non-current assets	37	29
Total other assets	882	781
Total Assets	$18,101	$17,086

	June 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	644	351
Accounts payable–affiliated companies	113	104
Taxes accrued	103	155
Interest accrued	114	99
Other current liabilities	122	111
Total current liabilities	1,177	981
Other Liabilities:
Deferred income taxes, net	1,437	1,406
Benefit obligations	40	32
Regulatory liabilities	961	1,025
Other non-current liabilities	92	107
Total other liabilities	2,530	2,570
Long-Term Debt, net	7,924	7,426
Commitments and Contingencies (Note 13)
Member’s Equity:
Common stock	—	—
Additional paid-in capital	4,975	4,745
Retained earnings	1,495	1,364
Total member’s equity	6,470	6,109
Total Liabilities and Member’s Equity	$18,101	$17,086

	Six Months Ended June 30,
	2024	2023
(in millions)
Cash Flows from Operating Activities:
Net income	$286	$266
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	409	345
Deferred income taxes	18	53
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	(108)	(16)
Accounts receivable/payable–affiliated companies	11	(24)
Inventory	(6)	(8)
Accounts payable	39	(18)
Taxes receivable	38	—
Net regulatory assets and liabilities	(302)	(192)
Other current assets and liabilities	(20)	(21)
Other non-current assets and liabilities	(7)	39
Other operating activities, net	(8)	(9)
Net cash provided by operating activities	350	415
Cash Flows from Investing Activities:
Capital expenditures	(854)	(1,185)
Increase in notes receivable–affiliated companies	(49)	—
Other investing activities, net	51	(13)
Net cash used in investing activities	(852)	(1,198)
Cash Flows from Financing Activities:
Proceeds from long-term debt and term loan, net	498	898
Payments of long-term debt	(80)	(77)
Decrease in notes payable–affiliated companies	—	(532)
Dividend to parent	(155)	(160)
Contribution from parent	230	650
Payment of debt issuance costs	(4)	(9)
Other financing activities, net	(2)	(1)
Net cash provided by financing activities	487	769
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(15)	(14)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	89	88
Cash, Cash Equivalents and Restricted Cash at End of Period	$74	$74

Three Months Ended June 30, · Six Months Ended June 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		—			—		230		650
Balance, end of period		4,975			4,510		4,975		4,510
Retained Earnings
Balance, beginning of period		1,427			1,195		1,364		1,138
Net income		187			158		286		266
Dividend to parent		(119)			(109)		(155)		(160)
Balance, end of period		1,495			1,244		1,495		1,244
Total Member’s Equity		$6,470			$5,754		$6,470		$5,754

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.