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Midas Edge

CENTERPOINT ENERGY INC

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

Jun 30, 2024 · Filed Jul 30, 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 June 30,Six Months Ended June 30,
2024202320242023
(in millions)
Revenues:
Utility revenues$668$733$2,168$2,440
Non-utility revenues11122322
Total6797452,1912,462
Expenses:
Utility natural gas1822609061,258
Non-utility cost of revenues, including natural gas——11
Operation and maintenance181211407429
Depreciation and amortization138122265240
Taxes other than income taxes6159125128
Total5626521,7042,056
Operating Income11793487406
Other Income (Expense):
Interest expense and other finance charges(58)(45)(107)(87)
Other income, net3566
Total(55)(40)(101)(81)
Income Before Income Taxes6253386325
Income tax expense15107570
Net Income$47$43$311$255

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(in millions)
Net income$47$43$311$255
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$47$43$310$254
June 30, 2024December 31, 2023
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents$1$1
Accounts receivable, less allowance for credit losses of $28 and $25, respectively215356
Accrued unbilled revenues, less allowance for credit losses of $1 and $1, respectively117329
Accounts and notes receivable–affiliated companies10443
Materials and supplies103107
Natural gas inventory98156
Taxes receivable114101
Current assets held for sale1,230—
Regulatory assets240161
Prepaid expenses and other current assets2855
Total current assets2,2501,309
Property, Plant and Equipment, net:
Property, plant and equipment14,99815,672
Less: accumulated depreciation and amortization4,0394,169
Property, plant and equipment, net10,95911,503
Other Assets:
Goodwill1,4611,583
Regulatory assets768850
Other non-current assets8951
Total other assets2,3182,484
Total Assets$15,527$15,296
June 30, 2024December 31, 2023
(in millions)
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities:
Short-term borrowings$2$4
Current portion of long-term debt10—
Accounts payable238392
Accounts payable–affiliated companies9899
Taxes accrued102145
Interest accrued6970
Customer deposits8195
Non-trading derivative liabilities38
Current liabilities held for sale218—
Other current liabilities217274
Total current liabilities1,0381,087
Other Liabilities:
Deferred income taxes, net1,3611,246
Non-trading derivative liabilities13
Benefit obligations7374
Regulatory liabilities1,8021,882
Other non–current liabilities445455
Total other liabilities3,6823,660
Long-Term Debt, net4,5744,670
Commitments and Contingencies (Note 13)
Stockholder’s Equity:
Common stock——
Additional paid-in capital4,5194,229
Retained earnings1,6991,634
Accumulated other comprehensive income1516
Total stockholder’s equity6,2335,879
Total Liabilities and Stockholder’s Equity$15,527$15,296
Six Months Ended June 30,
20242023
(in millions)
Cash Flows from Operating Activities:
Net income$311$255
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization265240
Deferred income taxes9222
Accounts receivable and unbilled revenues, net285644
Accounts receivable/payable–affiliated companies9(24)
Inventory47168
Taxes receivable(13)—
Accounts payable(133)(372)
Net regulatory assets and liabilities(53)1,198
Other current assets and liabilities(36)10
Other non-current assets and liabilities127
Other operating activities, net(31)(1)
Net cash provided by operating activities7552,147
Cash Flows from Investing Activities:
Capital expenditures(659)(807)
Increase in notes receivable–affiliated companies(71)(417)
Other investing activities, net25(9)
Net cash used in investing activities(705)(1,233)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net(4)(14)
Payments of commercial paper, net(484)(805)
Proceeds from long-term debt and term loan, net3992,006
Payments of long-term debt and term loan—(2,275)
Dividends to parent(246)(311)
Payment of debt issuance costs(3)(13)
Contribution from parent290500
Other financing activities, net(2)(1)
Net cash used in financing activities(50)(913)
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$1
Three Months Ended June 30, · Six Months Ended June 30,
2024 · 2023 · 2024 · 2023
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
(in millions, except share amounts)
Common Stock
Balance, beginning of period1,000$—1,000$—1,000$—1,000$—
Balance, end of period1,000—1,000—1,000—1,000—
Additional Paid-in-Capital
Balance, beginning of period4,2293,7294,2293,729
Contribution from parent290500290500
Balance, end of period4,5194,2294,5194,229
Retained Earnings
Balance, beginning of period1,7831,6261,6341,618
Net income4743311255
Dividend to parent(131)(107)(246)(311)
Balance, end of period1,6991,5621,6991,562
Accumulated Other Comprehensive Income
Balance, beginning of period15151616
Other comprehensive loss——(1)(1)
Balance, end of period15151515
Total Stockholder’s Equity$6,233$5,806$6,233$5,806
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.