Condensed Financials Standalone Holdco NW Holdings Financial Statements (Tables)

12 Months Ended

Dec. 31, 2022

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	2022		2021		2020
Operating expenses:
Operations and maintenance	$	3,828	$	4,837	$	771
Total operating expenses	3,828		4,837		771
Loss from operations	(3,828)		(4,837)		(771)
Earnings from investment in subsidiaries, net of tax	92,727		83,072		78,450
Other income (expense), net	60		(143)		57
Interest expense, net	4,967		982		1,557
Income before income taxes	83,992		77,110		76,179
Income tax benefit	(2,311)		(1,556)		(602)
Net income	86,303		78,666		76,781
Other comprehensive income (loss) from subsidiaries, net of tax	5,108		1,498		(2,169)
Unrealized gain on interest rate swap, net of tax	11		—		—
Comprehensive income	$	91,422	$	80,164	$	74,612

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	2022		2021
Assets:
Current assets:
Cash and cash equivalents	$	7,280	$	265
Receivables from affiliates	9,967		2,180
Other current assets	2,895		11,348
Total current assets	20,142		13,793
Non-current assets:
Investments in subsidiaries	1,357,599		1,080,949
Other investments	14		42
Deferred tax assets	520		383
Other non-current assets	486		613
Total non-current assets	1,358,619		1,081,987
Total assets	$	1,378,761	$	1,095,780
Liabilities and equity:
Current liabilities:
Short-term debt	$	88,000	$	144,000
Accounts payable	402		286
Payables to affiliates	14,665		16,105
Other current liabilities	295		243
Total current liabilities	103,362		160,634
Long-term debt	99,958		—
Total equity	1,175,441		935,146
Total liabilities and equity	$	1,378,761	$	1,095,780

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	2022		2021		2020
Operating activities:
Net income	$	86,303	$	78,666	$	76,781
Adjustments to reconcile net income to cash used in operations:
Equity in earnings of subsidiaries, net of tax	(92,727)		(83,072)		(78,450)
Cash dividends received from subsidiaries	62,710		56,057		55,387
Deferred income taxes	(141)		(212)		20
Other	142		119		65
Changes in assets and liabilities:
Receivables from affiliates	(7,787)		12,558		(12,788)
Income and other taxes	8,161		1,299		(7,451)
Accounts payable	(2,499)		3,342		8,809
Interest accrued	156		57		77
Other, net	(211)		(313)		(364)
Cash provided by operating activities	54,107		68,501		42,086
Investing activities:
Contributions to subsidiaries	(241,497)		(142,405)		(47,194)
Return of capital from subsidiaries	—		26,000		19,000
Cash used in investing activities	(241,497)		(116,405)		(28,194)
Financing activities:
Proceeds from common stock issued, net	208,561		17,501		—
Long-term debt issued	100,000		—		—
Changes in other short-term debt, net	(56,000)		71,000		49,000
Cash dividend payments on common stock	(62,771)		(55,919)		(55,420)
Other	4,615		4,320		3,676
Cash provided by (used in) financing activities	194,405		36,902		(2,744)
Increase (decrease) in cash and cash equivalents	7,015		(11,002)		11,148
Cash, cash equivalents and restricted cash, beginning of period	265		11,267		119
Cash, cash equivalents and restricted cash, end of period	$	7,280	$	265	$	11,267

See Notes to Condensed Financial Statements