Otter Tail Quarterly Balance Sheets Chart
Quarterly
|
Annual
Otter Tail Quarterly Balance Sheets Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2017-09-30 | 2016-12-31 | 2016-06-30 | 2016-03-31 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| assets | |||||||||||||||||||||||||||||||||
| current assets | |||||||||||||||||||||||||||||||||
| cash and cash equivalents | 307,241,000 | 284,814,000 | 294,651,000 | 280,020,000 | 230,672,000 | 238,158,000 | 230,373,000 | 189,214,000 | 150,578,000 | 104,080,000 | 118,996,000 | 72,987,000 | 61,989,000 | 1,371,000 | 1,537,000 | 1,272,000 | 1,480,000 | 1,212,000 | 1,163,000 | 44,904,000 | 39,512,000 | 7,884,000 | 21,199,000 | 921,000 | 982,000 | 826,000 | 37,532,000 | 44,802,000 | 186,000 | ||||
| accounts receivable | 180,823,000 | 184,051,000 | 145,964,000 | 186,273,000 | 191,946,000 | 195,674,000 | 157,143,000 | 193,175,000 | 194,951,000 | 175,442,000 | 144,393,000 | 193,797,000 | 225,838,000 | 218,896,000 | 174,953,000 | 178,759,000 | 163,424,000 | 134,390,000 | 113,959,000 | ||||||||||||||
| inventories | 151,558,000 | 147,695,000 | 148,885,000 | 153,233,000 | 161,787,000 | 148,194,000 | 149,701,000 | 142,007,000 | 144,441,000 | 144,767,000 | 145,952,000 | 146,376,000 | 146,964,000 | 145,857,000 | 148,490,000 | 114,615,000 | 103,024,000 | 92,426,000 | 92,165,000 | 81,871,000 | 89,754,000 | 98,152,000 | 97,851,000 | 97,052,000 | 105,860,000 | 78,915,000 | 83,740,000 | 81,396,000 | 85,410,000 | 73,398,000 | 73,430,000 | 81,141,000 | |
| regulatory assets | 8,946,000 | 11,539,000 | 9,962,000 | 7,860,000 | 8,172,000 | 9,175,000 | 16,127,000 | 17,041,000 | 19,058,000 | 16,566,000 | 24,999,000 | 29,921,000 | 20,675,000 | 21,770,000 | 27,342,000 | 22,517,000 | 23,250,000 | 21,419,000 | 21,900,000 | 17,435,000 | 19,958,000 | 20,358,000 | 21,650,000 | 12,667,000 | 14,501,000 | 21,582,000 | 21,297,000 | 17,205,000 | 18,636,000 | 21,326,000 | 21,084,000 | 117,485,000 | |
| other current assets | 25,842,000 | 23,175,000 | 30,579,000 | 22,927,000 | 21,551,000 | 16,742,000 | 16,826,000 | 15,313,000 | 15,084,000 | 13,510,000 | 18,412,000 | 17,412,000 | 15,923,000 | 14,497,000 | 17,032,000 | 17,804,000 | 13,723,000 | 9,516,000 | 5,645,000 | ||||||||||||||
| total current assets | 674,410,000 | 651,274,000 | 630,041,000 | 650,313,000 | 614,128,000 | 607,943,000 | 570,170,000 | 556,750,000 | 524,112,000 | 454,365,000 | 452,752,000 | 460,493,000 | 471,389,000 | 402,391,000 | 369,354,000 | 334,967,000 | 304,901,000 | 258,963,000 | 234,832,000 | 274,916,000 | 266,923,000 | 256,184,000 | 254,860,000 | 237,659,000 | 263,566,000 | 228,200,000 | 208,015,000 | 214,396,000 | 209,893,000 | 300,933,000 | 82,247,000 | 299,426,000 | 461,413,000 |
| noncurrent assets | |||||||||||||||||||||||||||||||||
| investments | 128,289,000 | 125,113,000 | 121,177,000 | 121,421,000 | 117,062,000 | 66,110,000 | 62,516,000 | 59,322,000 | 59,882,000 | 58,058,000 | 54,845,000 | 52,966,000 | 53,555,000 | 57,893,000 | 56,690,000 | 55,456,000 | 55,809,000 | 54,446,000 | 51,856,000 | 10,791,000 | 10,581,000 | 9,462,000 | 9,894,000 | 9,743,000 | 9,683,000 | 8,599,000 | 8,417,000 | 8,413,000 | 8,411,000 | 9,417,000 | 9,920,000 | 9,794,000 | |
| property, plant and equipment, net of accumulated depreciation | 2,754,068,000 | 2,709,311,000 | 2,692,460,000 | 2,604,869,000 | 2,538,841,000 | 2,459,189,000 | 2,418,375,000 | 2,387,260,000 | 2,316,246,000 | 2,289,491,000 | 2,212,717,000 | 2,186,643,000 | 2,149,919,000 | 2,128,344,000 | 2,124,605,000 | 2,083,223,000 | 2,073,009,000 | 2,060,792,000 | 2,049,273,000 | ||||||||||||||
| intangible assets, net of accumulated amortization | 5,192,000 | 5,467,000 | 5,743,000 | 6,018,000 | 6,293,000 | 6,568,000 | 6,843,000 | 7,118,000 | 7,393,000 | 7,668,000 | 7,943,000 | 8,218,000 | 8,493,000 | 8,768,000 | 9,044,000 | 9,319,000 | 9,594,000 | 9,869,000 | 10,144,000 | ||||||||||||||
| goodwill | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 37,572,000 | 39,732,000 | 38,971,000 | 39,119,000 | 69,742,000 | |
| other noncurrent assets | 66,747,000 | 68,633,000 | 66,416,000 | 51,009,000 | 51,282,000 | 51,968,000 | 51,377,000 | 49,956,000 | 52,653,000 | 43,077,000 | 41,177,000 | 35,419,000 | 32,618,000 | 32,360,000 | 32,057,000 | 34,096,000 | 30,684,000 | 29,342,000 | 26,282,000 | ||||||||||||||
| total noncurrent assets | 3,090,878,000 | 3,045,520,000 | 3,022,041,000 | 2,916,426,000 | 2,846,655,000 | 2,718,089,000 | 2,672,398,000 | 2,630,719,000 | 2,569,874,000 | 2,533,045,000 | 2,448,909,000 | 2,437,411,000 | 2,404,111,000 | 2,389,350,000 | 2,385,476,000 | 2,378,181,000 | 2,366,686,000 | 2,359,577,000 | 2,343,522,000 | ||||||||||||||
| total assets | 3,765,288,000 | 3,696,794,000 | 3,652,082,000 | 3,566,739,000 | 3,460,783,000 | 3,326,032,000 | 3,242,568,000 | 3,187,469,000 | 3,093,986,000 | 2,987,410,000 | 2,901,661,000 | 2,897,904,000 | 2,875,500,000 | 2,791,741,000 | 2,754,830,000 | 2,713,148,000 | 2,671,587,000 | 2,618,540,000 | 2,578,354,000 | 2,534,507,000 | 2,389,239,000 | 2,306,002,000 | 2,273,595,000 | 2,180,191,000 | 2,114,944,000 | 1,966,897,000 | 1,912,385,000 | 1,861,903,000 | 1,833,357,000 | 1,581,744,000 | 909,251,000 | 1,569,926,000 | 1,796,981,000 |
| liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||
| current liabilities | |||||||||||||||||||||||||||||||||
| short-term debt | 58,853,000 | 69,615,000 | 67,401,000 | 12,809,000 | 81,422,000 | 51,495,000 | 50,197,000 | 60,854,000 | 8,204,000 | 97,770,000 | 91,163,000 | 97,857,000 | 127,957,000 | 134,851,000 | 80,997,000 | 41,239,000 | 6,000,000 | 103,637,000 | 49,274,000 | 116,976,000 | |||||||||||||
| accounts payable | 98,234,000 | 80,763,000 | 113,574,000 | 88,885,000 | 126,926,000 | 92,170,000 | 94,428,000 | 103,118,000 | 104,661,000 | 93,543,000 | 104,400,000 | 121,995,000 | 133,287,000 | 119,022,000 | 135,089,000 | 135,437,000 | 131,214,000 | 113,073,000 | 130,805,000 | 133,967,000 | 120,775,000 | 96,217,000 | 86,210,000 | 109,834,000 | |||||||||
| accrued salaries and wages | 25,039,000 | 23,502,000 | 34,398,000 | 31,320,000 | 25,972,000 | 21,922,000 | 38,134,000 | 32,227,000 | 26,029,000 | 20,149,000 | 32,327,000 | 27,454,000 | 24,803,000 | 19,846,000 | 31,704,000 | 28,455,000 | 23,775,000 | 17,635,000 | 26,908,000 | 16,891,000 | 22,730,000 | 17,596,000 | 14,774,000 | 16,379,000 | |||||||||
| accrued taxes | 16,465,000 | 19,804,000 | 17,314,000 | 29,150,000 | 20,608,000 | 26,486,000 | 26,590,000 | 50,495,000 | 31,900,000 | 23,415,000 | 19,340,000 | 25,635,000 | 22,037,000 | 21,879,000 | 19,245,000 | 17,972,000 | 14,531,000 | 19,437,000 | 18,831,000 | 12,193,000 | 17,525,000 | 13,277,000 | 10,562,000 | 11,642,000 | |||||||||
| regulatory liabilities | 24,580,000 | 27,028,000 | 29,307,000 | 43,685,000 | 45,183,000 | 33,513,000 | 25,408,000 | 32,285,000 | 41,743,000 | 20,526,000 | 17,300,000 | 21,114,000 | 19,458,000 | 27,211,000 | 24,844,000 | 25,323,000 | 17,301,000 | 12,517,000 | 16,663,000 | 13,023,000 | 7,480,000 | 84,281,000 | 77,915,000 | 67,162,000 | |||||||||
| other current liabilities | 39,162,000 | 38,470,000 | 45,582,000 | 39,149,000 | 39,454,000 | 34,383,000 | 43,775,000 | 40,413,000 | 46,032,000 | 43,977,000 | 56,065,000 | 45,655,000 | 58,572,000 | 57,437,000 | 55,671,000 | 35,081,000 | 28,743,000 | 21,975,000 | 22,495,000 | ||||||||||||||
| total current liabilities | 203,480,000 | 248,420,000 | 309,790,000 | 299,590,000 | 270,952,000 | 208,474,000 | 309,757,000 | 310,033,000 | 300,562,000 | 262,464,000 | 237,636,000 | 241,853,000 | 288,153,000 | 373,155,000 | 387,699,000 | 510,087,000 | 483,484,000 | 459,429,000 | 436,786,000 | 232,923,000 | 189,741,000 | 246,176,000 | 233,136,000 | 242,869,000 | 305,250,000 | ||||||||
| noncurrent liabilities | |||||||||||||||||||||||||||||||||
| pension benefit liability | 32,204,000 | 32,406,000 | 32,614,000 | 32,388,000 | 32,781,000 | 32,945,000 | 33,101,000 | 33,083,000 | 33,198,000 | 33,185,000 | 50,489,000 | 51,783,000 | 53,153,000 | ||||||||||||||||||||
| other postretirement benefits liability | 26,494,000 | 26,957,000 | 27,385,000 | 28,074,000 | 27,759,000 | 27,501,000 | 27,676,000 | 26,101,000 | 47,364,000 | 47,469,000 | 46,977,000 | 67,352,000 | 66,665,000 | 66,383,000 | 66,481,000 | 68,090,000 | 67,538,000 | 67,255,000 | 67,359,000 | 71,845,000 | 71,437,000 | 63,215,000 | 49,659,000 | 42,991,000 | |||||||||
| deferred income taxes | 278,091,000 | 271,605,000 | 267,745,000 | 251,105,000 | 249,489,000 | 246,560,000 | 237,273,000 | 234,787,000 | 231,910,000 | 230,393,000 | 221,302,000 | 212,838,000 | 213,919,000 | 203,877,000 | 188,268,000 | 176,502,000 | 167,612,000 | 160,529,000 | 153,376,000 | 141,538,000 | 131,941,000 | 242,568,000 | 217,523,000 | 19,306,000 | 18,042,000 | 12,325,000 | 12,206,000 | ||||||
| deferred tax credits | 14,705,000 | 14,798,000 | 14,990,000 | 14,613,000 | 14,799,000 | 14,985,000 | 15,172,000 | 15,358,000 | 15,544,000 | 15,730,000 | 15,916,000 | 16,102,000 | 16,288,000 | 16,475,000 | 16,661,000 | 16,847,000 | 17,033,000 | 17,219,000 | 17,405,000 | 17,969,000 | 18,626,000 | 21,747,000 | 23,678,000 | 44,199,000 | |||||||||
| other noncurrent liabilities | 102,932,000 | 101,056,000 | 98,397,000 | 80,978,000 | 80,691,000 | 77,511,000 | 75,977,000 | 65,371,000 | 67,093,000 | 65,439,000 | 60,985,000 | 60,942,000 | 62,994,000 | 63,497,000 | 62,527,000 | 62,342,000 | 62,160,000 | 63,577,000 | 60,002,000 | 34,647,000 | 30,833,000 | 22,921,000 | 24,980,000 | 27,363,000 | 21,182,000 | ||||||||
| total noncurrent liabilities | 743,972,000 | 737,500,000 | 690,155,000 | 680,587,000 | 676,558,000 | 650,509,000 | 641,044,000 | 637,287,000 | 648,268,000 | 647,105,000 | 637,374,000 | ||||||||||||||||||||||
| commitments and contingencies | |||||||||||||||||||||||||||||||||
| capitalization | |||||||||||||||||||||||||||||||||
| long-term debt | 1,043,374,000 | 993,513,000 | 943,734,000 | 943,663,000 | 943,592,000 | 943,536,000 | 824,059,000 | 823,998,000 | 823,941,000 | 823,882,000 | |||||||||||||||||||||||
| shareholders' equity | |||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,904,370 and 41,827,967outstanding at june 30, 2025 and december 31, 2024 | 209,522,000 | ||||||||||||||||||||||||||||||||
| additional paid-in capital | 432,664,000 | 431,423,000 | 429,089,000 | 427,751,000 | 427,264,000 | 426,358,000 | 426,963,000 | 426,358,000 | 425,867,000 | 424,948,000 | 423,034,000 | 422,448,000 | 421,951,000 | 421,449,000 | 419,760,000 | 418,568,000 | 417,870,000 | 416,708,000 | 414,246,000 | ||||||||||||||
| retained earnings | 1,131,542,000 | 1,075,834,000 | 1,029,738,000 | 994,461,000 | 928,553,000 | 861,127,000 | 806,342,000 | 766,844,000 | 693,138,000 | 629,437,000 | 585,212,000 | 560,398,000 | 493,351,000 | 424,605,000 | 369,783,000 | 334,385,000 | 297,850,000 | 271,999,000 | 257,878,000 | 233,705,000 | 222,341,000 | 155,618,000 | 132,401,000 | 193,244,000 | |||||||||
| accumulated other comprehensive income | 734,000 | 734,000 | 532,000 | 1,979,000 | 763,000 | 1,061,000 | 1,148,000 | 1,174,000 | 881,000 | 969,000 | 915,000 | 1,052,000 | |||||||||||||||||||||
| total shareholders' equity | 1,774,462,000 | 1,717,361,000 | 1,668,499,000 | 1,633,331,000 | 1,565,652,000 | 1,497,464,000 | 1,443,006,000 | 1,402,929,000 | 1,328,439,000 | 1,263,777,000 | 1,217,317,000 | 1,184,023,000 | 1,116,543,000 | 1,047,138,000 | 990,777,000 | 952,482,000 | 915,123,000 | 887,867,000 | 870,966,000 | ||||||||||||||
| total capitalization | 2,817,836,000 | 2,710,874,000 | 2,612,233,000 | 2,576,994,000 | 2,509,244,000 | 2,441,000,000 | 2,267,065,000 | 2,226,927,000 | 2,152,380,000 | 2,087,659,000 | 2,041,138,000 | 2,007,783,000 | 1,940,242,000 | 1,781,212,000 | 1,724,791,000 | 1,547,101,000 | 1,539,663,000 | 1,512,352,000 | 1,495,398,000 | 1,546,444,000 | 1,471,063,000 | 1,182,925,000 | 1,129,912,000 | 639,019,000 | 1,077,904,000 | ||||||||
| total liabilities and shareholders' equity | 3,765,288,000 | 3,696,794,000 | 3,652,082,000 | 3,566,739,000 | 3,460,783,000 | 3,326,032,000 | 3,242,568,000 | 3,187,469,000 | 3,093,986,000 | 2,987,410,000 | 2,901,661,000 | 2,897,904,000 | 2,875,500,000 | 2,791,741,000 | 2,754,830,000 | 2,713,148,000 | 2,671,587,000 | 2,618,540,000 | 2,578,354,000 | ||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,873,995 and 41,827,967outstanding at march 31, 2025 and december 31, 2024 | 209,370,000 | ||||||||||||||||||||||||||||||||
| noncurrent liabilities and deferred credits | |||||||||||||||||||||||||||||||||
| total noncurrent liabilities and deferred credits | 730,059,000 | 665,746,000 | 622,887,000 | 642,340,000 | 655,960,000 | 648,440,000 | 646,759,000 | 646,170,000 | |||||||||||||||||||||||||
| common stock: 50,000,000 shares authorized of 5 par value; 41,827,967 and 41,710,521 outstanding at december 31, 2024 and 2023 | 209,140,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,827,967 and 41,710,521outstanding at september 30, 2024 and december 31, 2023 | 209,140,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,814,425 and 41,710,521outstanding at june 30, 2024 and december 31, 2023 | 209,072,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,783,750 and 41,710,521outstanding at march 31, 2024 and december 31, 2023 | 208,918,000 | ||||||||||||||||||||||||||||||||
| common stock: 50,000,000 shares authorized of 5 par value; 41,710,521 and 41,631,113 outstanding at december 31, 2023 and 2022 | 208,553,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,710,521 and 41,631,113 outstanding at september 30, 2023 and december 31, 2022 | 208,553,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,710,521 and 41,631,113 outstanding at june 30, 2023 and december 31, 2022 | 208,553,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,684,526 and 41,631,113 outstanding at march 31, 2023 and december 31, 2022 | 208,423,000 | ||||||||||||||||||||||||||||||||
| current maturities of long-term debt | 29,996,000 | 29,990,000 | 29,983,000 | 169,962,000 | 139,963,000 | 139,941,000 | 140,087,000 | 261,000 | 183,000 | 197,000 | 52,497,000 | 683,000 | |||||||||||||||||||||
| pensions benefit liability | 33,210,000 | 73,973,000 | 101,446,000 | 102,331,000 | 103,193,000 | 114,055,000 | 86,657,000 | 98,970,000 | 98,632,000 | 95,520,000 | 74,506,000 | ||||||||||||||||||||||
| long-term debt, net of current maturities | 823,821,000 | 823,760,000 | 823,699,000 | 734,074,000 | 734,014,000 | 594,619,000 | 624,540,000 | 624,485,000 | 624,432,000 | 101,545,000 | 436,064,000 | ||||||||||||||||||||||
| common stock: 50,000,000 shares authorized of 5 par value; 41,631,113 and 41,551,524 outstanding at december 31, 2022 and 2021 | 208,156,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,630,952 and 41,551,524 outstanding at september 30, 2022 and december 31, 2021 | 208,155,000 | ||||||||||||||||||||||||||||||||
| accumulated other comprehensive loss | -6,978,000 | -6,913,000 | -6,945,000 | -6,524,000 | -8,171,000 | -8,291,000 | -8,392,000 | -8,507,000 | -6,035,000 | -6,437,000 | -3,459,000 | -3,648,000 | |||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,630,799 and 41,551,524 outstanding at june 30, 2022 and december 31, 2021 | 208,154,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized, 5 par value; 41,605,884 and 41,551,524 outstanding at march 31, 2022 and december 31, 2021 | 208,029,000 | ||||||||||||||||||||||||||||||||
| common stock: 50,000,000 shares authorized of 5 par value; 41,551,524 and 41,469,879 outstanding at december 31, 2021 and 2020 | 207,758,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized of 5 par value; 41,539,984 and 41,469,879 outstanding at september 30, 2021 and december 31, 2020 | 207,700,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 shares authorized of 5 par value; 41,538,709 and 41,469,879 outstanding at june 30, 2021 and december 31, 2020 | 207,694,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 share authorized of 5 par value; 41,510,455 and 41,469,879 outstanding at march 31, 2021 and december 31, 2020 | 207,552,000 | ||||||||||||||||||||||||||||||||
| common shares: 50,000,000 share authorized of 5 par value; 41,469,879 and 40,157,591 outstanding at december 31, 2020 and 2019 | 207,349,000 | ||||||||||||||||||||||||||||||||
| accounts receivable: | |||||||||||||||||||||||||||||||||
| trade—net | 100,423,000 | 84,197,000 | 96,158,000 | 92,189,000 | 105,407,000 | 87,510,000 | 78,677,000 | 73,521,000 | 102,259,000 | 133,674,000 | 152,509,000 | ||||||||||||||||||||||
| other | 6,322,000 | 6,452,000 | 7,228,000 | 8,773,000 | 8,884,000 | 9,956,000 | 7,704,000 | 5,850,000 | 7,144,000 | 7,104,000 | 10,018,000 | 16,384,000 | 5,488,000 | 15,935,000 | |||||||||||||||||||
| unbilled receivables | 16,409,000 | 19,019,000 | 19,057,000 | 20,911,000 | 19,020,000 | 18,349,000 | |||||||||||||||||||||||||||
| income taxes receivable | 1,487,000 | 662,000 | 4,307,000 | ||||||||||||||||||||||||||||||
| other assets | 42,316,000 | 40,138,000 | 38,252,000 | 40,196,000 | 38,996,000 | 39,002,000 | 34,992,000 | 34,104,000 | 33,605,000 | 33,014,000 | 26,783,000 | 24,584,000 | 26,628,000 | 28,233,000 | |||||||||||||||||||
| other intangibles—net | 10,419,000 | 10,703,000 | 10,993,000 | 11,562,000 | 11,858,000 | 14,097,000 | 15,639,000 | 15,266,000 | 14,060,000 | 14,549,000 | 16,056,000 | ||||||||||||||||||||||
| right of use assets - operating leases | 19,713,000 | 20,571,000 | 21,433,000 | 21,953,000 | 19,473,000 | ||||||||||||||||||||||||||||
| plant | |||||||||||||||||||||||||||||||||
| electric plant in service | 2,221,785,000 | 2,211,082,000 | 2,211,880,000 | 2,212,884,000 | 2,189,732,000 | 2,170,259,000 | 1,953,375,000 | 1,860,357,000 | 1,834,157,000 | 1,824,137,000 | 1,429,549,000 | 1,409,729,000 | 1,333,125,000 | ||||||||||||||||||||
| nonelectric operations | 256,480,000 | 252,933,000 | 251,804,000 | 247,356,000 | 238,542,000 | 234,245,000 | 214,159,000 | 211,826,000 | 218,007,000 | 207,757,000 | 187,646,000 | 219,537,000 | 355,842,000 | ||||||||||||||||||||
| construction work in progress | 454,128,000 | 321,621,000 | 234,025,000 | 185,238,000 | 141,839,000 | 73,069,000 | 138,900,000 | 153,261,000 | 116,848,000 | 98,995,000 | 88,848,000 | 71,017,000 | 51,808,000 | ||||||||||||||||||||
| total gross plant | 2,932,393,000 | 2,785,636,000 | 2,697,709,000 | 2,645,478,000 | 2,570,113,000 | 2,477,573,000 | 2,306,434,000 | 2,225,444,000 | 2,169,012,000 | 2,130,889,000 | 1,706,043,000 | 1,700,283,000 | 1,740,775,000 | ||||||||||||||||||||
| less accumulated depreciation and amortization | 939,590,000 | 923,948,000 | 908,337,000 | 891,684,000 | 877,958,000 | 875,475,000 | 785,667,000 | 748,219,000 | 740,440,000 | 728,781,000 | 648,150,000 | 642,402,000 | 653,173,000 | ||||||||||||||||||||
| net plant | 1,992,803,000 | 1,861,688,000 | 1,789,372,000 | 1,753,794,000 | 1,692,155,000 | 1,602,098,000 | 1,520,767,000 | 1,477,225,000 | 1,428,572,000 | 1,402,108,000 | 1,057,893,000 | 1,057,881,000 | 1,087,602,000 | ||||||||||||||||||||
| see accompanying condensed notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||
| liabilities and equity | |||||||||||||||||||||||||||||||||
| current operating lease liabilities | 4,543,000 | 4,136,000 | |||||||||||||||||||||||||||||||
| other accrued liabilities | 10,806,000 | 10,912,000 | 14,400,000 | 17,951,000 | 11,142,000 | ||||||||||||||||||||||||||||
| long-term operating lease liabilities | 16,584,000 | 18,193,000 | |||||||||||||||||||||||||||||||
| deferred credits | |||||||||||||||||||||||||||||||||
| total deferred credits | 400,139,000 | 393,358,000 | 353,028,000 | 328,696,000 | 275,148,000 | ||||||||||||||||||||||||||||
| long-term debt—net | 724,389,000 | 689,581,000 | 490,406,000 | 493,804,000 | |||||||||||||||||||||||||||||
| cumulative preferred shares – authorized 1,500,000 shares without par value; outstanding – none | |||||||||||||||||||||||||||||||||
| cumulative preference shares – authorized 1,000,000 shares without par value; outstanding – none | |||||||||||||||||||||||||||||||||
| common shares, par value 5 per share—authorized, 50,000,000 shares; outstanding, 2020—40,848,828 shares; 2019—40,157,591 shares | 204,244,000 | ||||||||||||||||||||||||||||||||
| premium on common shares | 390,141,000 | 364,790,000 | 342,573,000 | 313,839,000 | 251,505,000 | ||||||||||||||||||||||||||||
| total common equity | 822,055,000 | 781,482,000 | 692,519,000 | 636,108,000 | 625,815,000 | ||||||||||||||||||||||||||||
| total liabilities and equity | 2,389,239,000 | 2,273,595,000 | 1,966,897,000 | 1,861,903,000 | 909,251,000 | 1,796,981,000 | |||||||||||||||||||||||||||
| otter tail corporation | |||||||||||||||||||||||||||||||||
| consolidated balance sheets | |||||||||||||||||||||||||||||||||
| trade | 77,947,000 | 68,242,000 | |||||||||||||||||||||||||||||||
| other intangibles–net | 11,290,000 | 14,958,000 | |||||||||||||||||||||||||||||||
| right of use asset – operating leases | 21,851,000 | ||||||||||||||||||||||||||||||||
| consolidated balance sheets, december 31 | |||||||||||||||||||||||||||||||||
| common shares, par value 5 per share–authorized, 50,000,000 shares; outstanding, 2019—40,157,591 shares; 2018—39,664,884 shares | 200,788,000 | ||||||||||||||||||||||||||||||||
| unbilled revenues | 14,948,000 | 20,080,000 | 15,909,000 | 16,476,000 | 14,836,000 | ||||||||||||||||||||||||||||
| liabilities of discontinued operations | 852,000 | 1,868,000 | 18,961,000 | ||||||||||||||||||||||||||||||
| cumulative preferred shares– authorized 1,500,000 shares without par value; outstanding – none | |||||||||||||||||||||||||||||||||
| common shares, par value 5 per share—authorized, 50,000,000 shares; outstanding, 2017—39,557,491 shares; 2016—39,348,136 shares | 197,787,000 | ||||||||||||||||||||||||||||||||
| 60 | |||||||||||||||||||||||||||||||||
| cumulative preference shares – authorized 1,000,000 shares without par value; outstanding - none | |||||||||||||||||||||||||||||||||
| common shares, par value 5 per share—authorized, 50,000,000 shares; | |||||||||||||||||||||||||||||||||
| outstanding, 2016—38,703,277 shares; 2015—37,857,186 shares | 193,516,000 | ||||||||||||||||||||||||||||||||
| 2 | |||||||||||||||||||||||||||||||||
| costs and estimated earnings in excess of billings | 3,588,000 | 23,900,000 | 66,269,000 | ||||||||||||||||||||||||||||||
| assets of discontinued operations | 4,585,000 | 730,000 | 90,267,000 | ||||||||||||||||||||||||||||||
| deferred debits | |||||||||||||||||||||||||||||||||
| unamortized debt expense | 4,638,000 | 4,866,000 | 6,656,000 | ||||||||||||||||||||||||||||||
| total deferred debits | 133,687,000 | 122,403,000 | 124,141,000 | ||||||||||||||||||||||||||||||
| accounts receivable from subsidiaries | 3,587,000 | ||||||||||||||||||||||||||||||||
| interest receivable from subsidiaries | 317,000 | ||||||||||||||||||||||||||||||||
| notes receivable from subsidiaries | 17,157,000 | ||||||||||||||||||||||||||||||||
| investments in subsidiaries | 716,453,000 | ||||||||||||||||||||||||||||||||
| accounts payable to subsidiaries | 5,035,000 | ||||||||||||||||||||||||||||||||
| notes payable to subsidiaries | 231,611,000 | ||||||||||||||||||||||||||||||||
| cumulative preferred shares | 15,500,000 | ||||||||||||||||||||||||||||||||
| common shareholder equity | 521,974,000 | ||||||||||||||||||||||||||||||||
| see accompanying notes to condensed financial statements. | |||||||||||||||||||||||||||||||||
| accrued utility revenues | 11,029,000 | ||||||||||||||||||||||||||||||||
| see accompanying notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||
| accrued utility and cost-of-energy revenues | 13,090,000 | ||||||||||||||||||||||||||||||||
| derivative liabilities | 19,633,000 | ||||||||||||||||||||||||||||||||
| commitments | |||||||||||||||||||||||||||||||||
| class b stock options of subsidiary | 525,000 | ||||||||||||||||||||||||||||||||
| cumulative preferred shares authorized 1,500,000 shares without par value; outstanding 2011 and 2010 – 155,000 shares | 15,500,000 | ||||||||||||||||||||||||||||||||
| outstanding, 2011—36,002,739 shares; 2010—36,002,739 shares | 180,014,000 |
We provide you with 20 years of balance sheets for Otter Tail stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Otter Tail. Explore the full financial landscape of Otter Tail stock with our expertly curated balance sheets.
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