Southwest Gas Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Regulated operations plant: | ||
| Gas plant | $10,844,895 | $10,140,362 |
| Less: accumulated depreciation | (2,914,457) | (2,822,669) |
| Construction work in progress | 178,647 | 200,549 |
| Net regulated operations plant | 8,109,085 | 7,518,242 |
| Other property and investments, net | 1,191,148 | 1,266,340 |
| Current assets: | ||
| Cash and cash equivalents | 363,789 | 106,536 |
| Accounts receivable, net of allowances | 722,622 | 886,549 |
| Accrued utility revenue | 96,600 | 93,000 |
| Income taxes receivable, net | 2,414 | 1,935 |
| Deferred purchased gas costs | 13,937 | 552,885 |
| Prepaid and other current assets | 265,113 | 218,832 |
| Current assets held for sale | — | 21,377 |
| Total current assets | 1,464,475 | 1,881,114 |
| Noncurrent assets: | ||
| Goodwill | 781,201 | 789,729 |
| Deferred income taxes | 3,176 | 463 |
| Deferred charges and other assets | 474,751 | 414,008 |
| Total noncurrent assets | 1,259,128 | 1,204,200 |
| Total assets | $12,023,836 | $11,869,896 |
| CAPITALIZATION AND LIABILITIES | ||
| Capitalization: | ||
| Common stock, $1 par (authorized – 120,000,000 shares; issued and outstanding – 71,782,756 and 71,563,750 shares) | $73,413 | $73,194 |
| Additional paid-in capital | 2,721,343 | 2,541,790 |
| Accumulated other comprehensive loss, net | (49,218) | (43,787) |
| Retained earnings | 758,649 | 738,839 |
| Total equity attributable to Southwest Gas Holdings, Inc. stockholders | 3,504,187 | 3,310,036 |
| Noncontrolling interest | 177,235 | — |
| Total equity | 3,681,422 | 3,310,036 |
| Redeemable noncontrolling interest | 7,660 | 104,667 |
| Long-term debt, less current maturities | 4,348,340 | 4,609,838 |
| Total capitalization | 8,037,422 | 8,024,541 |
| Commitments and contingencies (Note 10) | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 30,018 | 42,552 |
| Short-term debt | 680,000 | 628,500 |
| Accounts payable | 331,807 | 346,907 |
| Customer deposits | 63,876 | 48,460 |
| Income taxes payable, net | 1,482 | 817 |
| Accrued general taxes | 59,353 | 58,053 |
| Accrued interest | 40,405 | 36,605 |
| Deferred purchased gas costs | 242,259 | — |
| Other current liabilities | 382,897 | 522,953 |
| Total current liabilities | 1,832,097 | 1,684,847 |
| Deferred income taxes and other credits: | ||
| Deferred income taxes and investment tax credits, net | 808,782 | 752,997 |
| Accumulated removal costs | 472,000 | 458,000 |
| Other deferred credits and other long-term liabilities | 873,535 | 949,511 |
| Total deferred income taxes and other credits | 2,154,317 | 2,160,508 |
| Total capitalization and liabilities | $12,023,836 | $11,869,896 |
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