Condensed Financials Standalone Holdco NW Holdings Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Income Statements, Captions [Line Items]

Condensed Income Statement [Table Text Block]

NORTHWEST NATURAL HOLDING COMPANY

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(PARENT COMPANY ONLY)

	Year Ended December 31,
In thousands	2021		2020		2019
Operating expenses:
Operations and maintenance	$	4,837	$	771	$	2,747
Total operating expenses	4,837		771		2,747
Loss from operations	(4,837)		(771)		(2,747)
Earnings from investment in subsidiaries, net of tax	83,072		78,450		64,328
Other income (expense), net	(143)		57		(22)
Interest expense, net	982		1,557		726
Income before income taxes	77,110		76,179		60,833
Income tax benefit	(1,556)		(602)		(902)
Net income	78,666		76,781		61,735
Other comprehensive income (loss) from subsidiaries, net of tax	1,498		(2,169)		(2,179)
Comprehensive income	$	80,164	$	74,612	$	59,556

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	2021		2020
Assets:
Current assets:
Cash and cash equivalents	$	265	$	11,267
Receivables from affiliates	2,180		14,738
Income taxes receivable	—		6,000
Other current assets	11,348		6,223
Total current assets	13,793		38,228
Non-current assets:
Investments in subsidiaries	1,080,949		936,184
Other investments	42		17
Deferred tax assets	383		171
Other non-current assets	613		213
Total non-current assets	1,081,987		936,585
Total assets	$	1,095,780	$	974,813
Liabilities and equity:
Current liabilities:
Short-term debt	$	144,000	$	73,000
Accounts payable	286		119
Payables to affiliates	16,105		12,912
Other current liabilities	243		49
Total current liabilities	160,634		86,080
Total equity	935,146		888,733
Total liabilities and equity	$	1,095,780	$	974,813

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)

	Year Ended December 31,
In thousands	2021		2020		2019
Operating activities:
Net income	$	78,666	$	76,781	$	61,735
Adjustments to reconcile net income to cash used in operations:
Equity in earnings of subsidiaries, net of tax	(83,072)		(78,450)		(64,328)
Cash dividends received from subsidiaries	56,057		55,387		53,439
Deferred income taxes	(212)		20		(198)
Other	119		65		66
Changes in assets and liabilities:
Receivables from affiliates	12,558		(12,788)		846
Income and other taxes	1,299		(7,451)		4,325
Accounts payable	3,342		8,809		(5,177)
Interest accrued	57		77		(32)
Other, net	(313)		(364)		(346)
Cash provided by operating activities	68,501		42,086		50,330
Investing activities:
Contributions to subsidiaries	(142,405)		(47,194)		(157,591)
Return of capital from subsidiaries	26,000		19,000		35,000
Cash used in investing activities	(116,405)		(28,194)		(122,591)
Financing activities:
Proceeds from common stock issued, net	17,501		—		92,956
Changes in other short-term debt, net	71,000		49,000		24,000
Cash dividend payments on common stock	(55,919)		(55,420)		(53,339)
Other	4,320		3,676		4,752
Cash provided by (used in) financing activities	36,902		(2,744)		68,369
Increase (decrease) in cash and cash equivalents	(11,002)		11,148		(3,892)
Cash, cash equivalents and restricted cash, beginning of period	11,267		119		4,011
Cash, cash equivalents and restricted cash, end of period	$	265	$	11,267	$	119

See Notes to Condensed Financial Statements