Condensed Financials Standalone Holdco NW Holdings Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Income Statements, Captions [Line Items]

Condensed Income Statement [Table Text Block]

NORTHWEST NATURAL HOLDING COMPANY

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(PARENT COMPANY ONLY)

In thousands	Year ended December 31, 2020		Year ended December 31, 2019		Inception through December 31, 2018
Operating expenses:
Operations and maintenance	$	771	$	2,747	$	838
Total operating expenses	771		2,747		838
Loss from operations	(771)		(2,747)		(838)
Earnings from investment in subsidiaries, net of tax	78,450		64,328		36,469
Other income (expense), net	57		(22)		36
Interest expense, net	1,557		726		53
Income before income taxes	76,179		60,833		35,614
Income tax benefit	(602)		(902)		(225)
Net income	$	76,781	$	61,735	$	35,839

See Notes to Condensed Financial Statements

Condensed Balance Sheet [Table Text Block]

NORTHWEST NATURAL HOLDING COMPANY

CONDENSED BALANCE SHEETS

(PARENT COMPANY ONLY)

	As of December 31,
In thousands	2020		2019
Assets:
Current assets:
Cash and cash equivalents	$	11,267	119
Receivables from affiliates	14,738		1,950
Income taxes receivable	6,000		256
Other current assets	6,223		4,600
Total current assets	38,228		6,925
Non-current assets:
Investments in subsidiaries	939,741		888,477
Other investments	17		24
Deferred tax assets	171		191
Other non-current assets	213		245
Total non-current assets	940,142		888,937
Total assets	$	978,370	$	895,862
Liabilities and equity:
Current liabilities:
Short-term debt	$	73,000	$	24,000
Accounts payable	119		612
Payables to affiliates	12,912		3,697
Taxes accrued	—		127
Other current liabilities	49		37
Total current liabilities	86,080		28,473
Equity:
Common stock	847,193		840,364
Retained earnings	45,097		27,025
Total equity	892,290		867,389
Total liabilities and equity	$	978,370	$	895,862

See Notes to Condensed Financial Statements

Condensed Cash Flow Statement [Table Text Block]

NORTHWEST NATURAL HOLDING COMPANY

CONDENSED STATEMENTS OF CASH FLOWS

(PARENT COMPANY ONLY)

In thousands	Year ended December 31, 2020		Year ended December 31, 2019		Inception through December 31, 2018
Operating activities:
Net income	$	76,781	$	61,735	$	35,839
Adjustments to reconcile net income to cash used in operations:
Equity in earnings of subsidiaries, net of tax	(78,450)		(64,328)		(36,469)
Cash dividends received from subsidiaries	55,387		53,439		—
Deferred income taxes	20		(198)		7
Other	65		66		15
Changes in assets and liabilities:
Receivables, net	(12,788)		846		(585)
Income and other taxes	(7,451)		4,325		(9,034)
Accounts payable	8,809		(5,177)		9,304
Interest accrued	77		(32)		32
Other, net	(364)		(346)		(44)
Cash provided by (used in) operating activities	42,086		50,330		(935)
Investing activities:
Contributions to subsidiaries	(47,194)		(157,591)		(1,804)
Return of capital from subsidiaries	19,000		35,000		—
Cash used in investing activities	(28,194)		(122,591)		(1,804)
Financing activities:
Proceeds from stock options exercised	68		2,015		—
Proceeds from common stock issued	—		92,956		—
Changes in other short-term debt, net	49,000		24,000		—
Cash dividend payments on common stock	(55,420)		(53,339)		(12,923)
Capital contributions	—		—		20,000
Other	3,608		2,737		(327)
Cash (used in) provided by financing activities	(2,744)		68,369		6,750
Increase (decrease) in cash and cash equivalents	11,148		(3,892)		4,011
Cash and cash equivalents, beginning of period	119		4,011		—
Cash and cash equivalents, end of period	$	11,267	$	119	$	4,011

See Notes to Condensed Financial Statements