XML 17 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Current assets:      
Cash and cash equivalents $ 24,325 $ 18,559 $ 17,907
Accounts receivable 103,131 101,495 105,226
Accrued unbilled revenue 41,772 82,169 41,907
Allowance for uncollectible accounts (2,488) (2,018) (3,503)
Regulatory assets 64,481 72,391 47,789
Derivative instruments 84,438 48,130 19,914
Inventories 33,377 57,262 26,237
Income taxes receivable 0 0 6,000
Other current assets 42,329 59,288 41,315
Total current assets 391,365 437,276 302,792
Non-current assets:      
Property, plant, and equipment 4,041,894 3,997,243 3,788,283
Less: Accumulated depreciation 1,137,138 1,125,873 1,091,903
Total property, plant, and equipment, net 2,904,756 2,871,370 2,696,380
Regulatory assets 297,546 314,579 338,692
Derivative instruments 6,955 10,730 3,087
Other investments 96,266 89,278 79,034
Operating lease right of use asset, net 74,416 75,049 76,957
Assets under sales-type leases 137,837 138,995 142,586
Goodwill 70,570 70,570 69,330
Other non-current assets 74,923 56,757 49,767
Total non-current assets 3,663,269 3,627,328 3,455,833
Total assets 4,054,634 4,064,604 3,758,625
Current liabilities:      
Short-term debt 332,500 389,500 236,225
Current maturities of long-term debt 339 345 95,265
Accounts payable 130,557 133,486 88,591
Taxes accrued 14,258 15,520 23,550
Interest accrued 10,886 7,503 9,491
Regulatory liabilities 111,791 112,281 81,314
Derivative instruments 3,855 10,402 1,038
Operating lease liabilities 1,303 1,296 1,213
Other current liabilities 52,778 54,432 48,978
Total current liabilities 658,267 724,765 585,665
Long-term debt 1,044,667 1,044,587 860,654
Deferred credits and other non-current liabilities:      
Deferred tax liabilities 353,746 340,231 328,112
Regulatory liabilities 652,977 658,332 636,384
Pension and other postretirement benefit liabilities 164,530 166,684 210,811
Derivative instruments 592 412 1,272
Operating lease liabilities 79,162 79,468 80,414
Other non-current liabilities 112,749 114,979 118,989
Total deferred credits and other non-current liabilities 1,363,756 1,360,106 1,375,982
Commitments and contingencies (Note 16)
Equity:      
Common stock $ 602,382 $ 590,771 $ 568,066
Shares Authorized (in shares) 100,000,000 100,000,000 100,000,000
Shares outstanding (in shares) 31,380,000 31,129,000 30,655,000
Shares issued (in shares) 31,380,000 31,129,000 30,655,000
Par Value (in dollars per share) $ 0 $ 0 $ 0
Retained earnings $ 396,769 $ 355,779 $ 380,939
Accumulated other comprehensive loss (11,207) (11,404) (12,681)
Total equity 987,944 935,146 936,324
Total liabilities and equity 4,054,634 4,064,604 3,758,625
Northwest Natural Gas Company [Member]      
Current assets:      
Cash and cash equivalents 10,165 12,271 10,418
Accounts receivable 101,551 99,780 96,878
Accrued unbilled revenue 41,651 82,028 41,817
Receivables from affiliates 1,850 261 1,669
Allowance for uncollectible accounts (2,432) (1,962) (3,460)
Regulatory assets 64,481 72,391 47,789
Derivative instruments 84,438 48,130 19,914
Inventories 32,757 56,752 25,737
Other current assets 39,507 47,378 40,745
Total current assets 373,968 417,029 281,507
Non-current assets:      
Property, plant, and equipment 3,971,050 3,931,640 3,736,431
Less: Accumulated depreciation 1,129,837 1,119,361 1,087,391
Total property, plant, and equipment, net 2,841,213 2,812,279 2,649,040
Regulatory assets 297,482 314,539 338,652
Derivative instruments 6,955 10,730 3,087
Other investments 81,797 74,786 79,011
Operating lease right of use asset, net 74,361 74,987 76,857
Assets under sales-type leases 137,837 138,995 142,586
Other non-current assets 73,207 55,027 48,828
Total non-current assets 3,512,852 3,481,343 3,338,061
Total assets 3,886,820 3,898,372 3,619,568
Current liabilities:      
Short-term debt 188,500 245,500 175,225
Current maturities of long-term debt 0 0 59,971
Accounts payable 127,569 131,475 87,823
Payables to affiliates 9,619 1,248 29,744
Taxes accrued 14,224 15,476 13,865
Interest accrued 10,708 7,296 9,460
Regulatory liabilities 111,791 112,281 81,314
Derivative instruments 3,855 10,402 1,038
Operating lease liabilities 1,286 1,273 1,167
Other current liabilities 52,053 53,591 48,488
Total current liabilities 519,605 578,542 508,095
Long-term debt 986,627 986,495 857,365
Deferred credits and other non-current liabilities:      
Deferred tax liabilities 351,191 337,717 326,301
Regulatory liabilities 651,995 657,350 635,515
Pension and other postretirement benefit liabilities 164,530 166,684 210,811
Derivative instruments 592 412 1,272
Operating lease liabilities 79,125 79,431 80,358
Other non-current liabilities 111,546 113,934 118,286
Total deferred credits and other non-current liabilities 1,358,979 1,355,528 1,372,543
Commitments and contingencies (Note 16)
Equity:      
Common stock 436,042 435,515 319,506
Retained earnings 596,774 553,696 574,740
Accumulated other comprehensive loss (11,207) (11,404) (12,681)
Total equity 1,021,609 977,807 881,565
Total liabilities and equity $ 3,886,820 $ 3,898,372 $ 3,619,568