Otter Tail Corp
For the period ended Dec 31, 2024. Filed Feb 19, 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 19, 2025
OTTR$79.86+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except share data) | 2024 | 2023 |
| Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | $294,651 | $230,373 |
| Receivables, net of allowance for credit losses | 145,964 | 157,143 |
| Inventories | 148,885 | 149,701 |
| Regulatory Assets | 9,962 | 16,127 |
| Other Current Assets | 30,579 | 16,826 |
| Total Current Assets | 630,041 | 570,170 |
| Noncurrent Assets | ||
| Investments | 121,177 | 62,516 |
| Property, Plant and Equipment, net of accumulated depreciation | 2,692,460 | 2,418,375 |
| Regulatory Assets | 98,673 | 95,715 |
| Intangible Assets, net of accumulated amortization | 5,743 | 6,843 |
| Goodwill | 37,572 | 37,572 |
| Other Noncurrent Assets | 66,416 | 51,377 |
| Total Noncurrent Assets | 3,022,041 | 2,672,398 |
| Total Assets | $3,652,082 | $3,242,568 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | ||
| Short-Term Debt | $69,615 | $81,422 |
| Accounts Payable | 113,574 | 94,428 |
| Accrued Salaries and Wages | 34,398 | 38,134 |
| Accrued Taxes | 17,314 | 26,590 |
| Regulatory Liabilities | 29,307 | 25,408 |
| Other Current Liabilities | 45,582 | 43,775 |
| Total Current Liabilities | 309,790 | 309,757 |
| Noncurrent Liabilities and Deferred Credits | ||
| Pension Benefit Liability | 32,614 | 33,101 |
| Other Postretirement Benefits Liability | 27,385 | 27,676 |
| Regulatory Liabilities | 288,928 | 276,547 |
| Deferred Income Taxes | 267,745 | 237,273 |
| Deferred Tax Credits | 14,990 | 15,172 |
| Other Noncurrent Liabilities | 98,397 | 75,977 |
| Total Noncurrent Liabilities and Deferred Credits | 730,059 | 665,746 |
| Commitments and Contingencies (Note 14) | ||
| Capitalization | ||
| Long-Term Debt | 943,734 | 824,059 |
| Shareholders' Equity | ||
| Common Stock: 50,000,000 shares authorized of $5 par value; 41,827,967 and 41,710,521 outstanding at December 31, 2024 and 2023 | 209,140 | 208,553 |
| Additional Paid-In Capital | 429,089 | 426,963 |
| Retained Earnings | 1,029,738 | 806,342 |
| Accumulated Other Comprehensive Income | 532 | 1,148 |
| Total Shareholders' Equity | 1,668,499 | 1,443,006 |
| Total Capitalization | 2,612,233 | 2,267,065 |
| Total Liabilities and Shareholders' Equity | $3,652,082 | $3,242,568 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.