Southwest Gas Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
SWX$92.05-0.4%Stored close · as of Nov 10, 2026
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Southwest Gas Holdings, Inc. Consolidated Balance Sheets
(Thousands of dollars, except par value)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Regulated operations plant: | ||
| Gas plant | $10,140,362 | $9,453,907 |
| Less: accumulated depreciation | (2,822,669) | (2,674,157) |
| Construction work in progress | 200,549 | 244,750 |
| Net regulated operations plant | 7,518,242 | 7,024,500 |
| Other property and investments, net | 1,266,340 | 1,281,172 |
| Current assets: | ||
| Cash and cash equivalents | 106,536 | 123,078 |
| Accounts receivable, net of allowances | 886,549 | 866,246 |
| Accrued utility revenue | 93,000 | 88,100 |
| Income taxes receivable, net | 1,935 | 8,738 |
| Deferred purchased gas costs | 552,885 | 450,120 |
| Prepaid and other current assets | 218,832 | 433,850 |
| Current assets held for sale | 21,377 | 1,737,530 |
| Total current assets | 1,881,114 | 3,707,662 |
| Noncurrent assets: | ||
| Goodwill | 789,729 | 787,250 |
| Deferred income taxes | 463 | 82 |
| Deferred charges and other assets | 414,008 | 395,948 |
| Total noncurrent assets | 1,204,200 | 1,183,280 |
| Total assets | $11,869,896 | $13,196,614 |
| CAPITALIZATION AND LIABILITIES | ||
| Capitalization: | ||
| Common stock, $1 par (authorized – 120,000,000 shares; issued and outstanding – 71,563,750 and 67,119,143 shares) | $73,194 | $68,749 |
| Additional paid-in capital | 2,541,790 | 2,287,183 |
| Accumulated other comprehensive loss, net | (43,787) | (44,242) |
| Retained earnings | 738,839 | 747,069 |
| Total Southwest Gas Holdings, Inc. equity | 3,310,036 | 3,058,759 |
| Redeemable noncontrolling interests | 104,667 | 159,349 |
| Long-term debt, less current maturities | 4,609,838 | 4,403,299 |
| Total capitalization | 8,024,541 | 7,621,407 |
| Commitments and contingencies (Note 10) | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 42,552 | 44,557 |
| Short-term debt | 628,500 | 1,542,806 |
| Accounts payable | 346,907 | 662,090 |
| Customer deposits | 48,460 | 51,182 |
| Income taxes payable, net | 817 | 2,690 |
| Accrued general taxes | 58,053 | 67,094 |
| Accrued interest | 36,605 | 38,556 |
| Other current liabilities | 522,953 | 369,743 |
| Current liabilities held for sale | — | 644,245 |
| Total current liabilities | 1,684,847 | 3,422,963 |
| Deferred income taxes and other credits: | ||
| Deferred income taxes and investment tax credits, net | 752,997 | 682,067 |
| Accumulated removal costs | 458,000 | 445,000 |
| Other deferred credits and other long-term liabilities | 949,511 | 1,025,177 |
| Total deferred income taxes and other credits | 2,160,508 | 2,152,244 |
| Total capitalization and liabilities | $11,869,896 | $13,196,614 |
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