Condensed Financials Standalone Holdco NW Holdings Financial Statements (Tables)

12 Months Ended

Dec. 31, 2023

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	2023		2022		2021
Operating expenses:
Operations and maintenance	$	5,145	$	3,828	$	4,837
Total operating expenses	5,145		3,828		4,837
Loss from operations	(5,145)		(3,828)		(4,837)
Earnings from investment in subsidiaries, net of tax	106,267		92,727		83,072
Other income (expense), net	(1,156)		60		(143)
Interest expense, net	10,022		4,967		982
Income before income taxes	89,944		83,992		77,110
Income tax benefit	(3,924)		(2,311)		(1,556)
Net income	93,868		86,303		78,666
Other comprehensive income (loss) from subsidiaries, net of tax	(868)		5,108		1,498
Unrealized gain on interest rate swap, net of tax	104		11		—
Comprehensive income	$	93,104	$	91,422	$	80,164

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	2023		2022
Assets:
Current assets:
Cash and cash equivalents	$	1,011	$	7,280
Receivables from affiliates	15,596		9,967
Other current assets	4,160		2,895
Total current assets	20,767		20,142
Non-current assets:
Investments in subsidiaries	1,456,449		1,357,599
Other investments	32		14
Deferred tax assets	513		520
Other non-current assets	367		486
Total non-current assets	1,457,361		1,358,619
Total assets	$	1,478,128	$	1,378,761
Liabilities and equity:
Current liabilities:
Short-term debt	$	73,000	$	88,000
Current maturities of long-term debt	99,992		—
Accounts payable	968		402
Payables to affiliates	19,897		14,665
Other current liabilities	433		295
Total current liabilities	194,290		103,362
Long-term debt	—		99,958
Total equity	1,283,838		1,175,441
Total liabilities and equity	$	1,478,128	$	1,378,761

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	2023		2022		2021
Operating activities:
Net income	$	93,868	$	86,303	$	78,666
Adjustments to reconcile net income to cash used in operations:
Equity in earnings of subsidiaries, net of tax	(106,267)		(92,727)		(83,072)
Cash dividends received from subsidiaries	92,375		62,710		56,057
Deferred income taxes	(31)		(141)		(212)
Other	164		142		119
Changes in assets and liabilities:
Receivables from affiliates	(5,629)		(7,787)		12,558
Income and other taxes	(491)		8,161		1,299
Accounts payable	6,314		(2,499)		3,342
Interest accrued	103		156		57
Other, net	(380)		(211)		(313)
Cash provided by operating activities	80,026		54,107		68,501
Investing activities:
Contributions to subsidiaries	(76,310)		(241,497)		(142,405)
Return of capital from subsidiaries	3,350		—		26,000
Cash used in investing activities	(72,960)		(241,497)		(116,405)
Financing activities:
Proceeds from common stock issued, net	66,495		208,561		17,501
Long-term debt issued	—		100,000		—
Changes in other short-term debt, net	(15,000)		(56,000)		71,000
Cash dividend payments on common stock	(67,340)		(62,771)		(55,919)
Other	2,510		4,615		4,320
Cash (used in) provided by financing activities	(13,335)		194,405		36,902
(Decrease) increase in cash and cash equivalents	(6,269)		7,015		(11,002)
Cash, cash equivalents and restricted cash, beginning of period	7,280		265		11,267
Cash, cash equivalents and restricted cash, end of period	$	1,011	$	7,280	$	265

See Notes to Condensed Financial Statements