Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of NiSource.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.46B | $5.51B | $5.85B | $4.90B | $4.68B | $5.21B | $5.11B | $4.87B | $4.49B | $4.65B |
| Cost of Revenue | $2.65B | $3.02B | $3.60B | $2.85B | $2.70B | $2.89B | $4.11B | $3.13B | $2.84B | $3.07B |
| Gross Profit | $2.81B | $2.49B | $2.25B | $2.05B | $1.99B | $2.32B | $1.00B | $1.74B | $1.65B | $1.58B |
| Gross Profit Ratio | 51.47% | 45.20% | 38.47% | 41.90% | 42.43% | 44.53% | 19.56% | 35.77% | 36.70% | 34.01% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $13.50M | $24.00M | $-27.60M | $-35.50M | $-9.30M | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $1.52B | $1.49B | $1.60B | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $13.50M | $24.00M | $1.49B | $1.46B | $1.59B | $1.35B | $2.35B | $1.61B | $1.45B | $1.43B |
| Other Expenses | $1.34B | $1.15B | $1.09B | $1.04B | $1.03B | $1.01B | $21.80M | $-100.00K | $-9.00M | $17.40M |
| Operating Expenses | $1.35B | $1.18B | $1.09B | $1.04B | $1.03B | $1.01B | $874.40M | $827.50M | $791.40M | $780.50M |
| Cost and Expenses | $4.00B | $4.21B | $4.69B | $3.88B | $3.72B | $3.90B | $4.99B | $3.96B | $3.64B | $3.85B |
| Interest Income | $10.40M | $9.00M | $4.30M | $4.00M | $5.50M | $7.70M | $6.60M | $4.60M | $3.40M | $800.00K |
| Interest Expense | $523.10M | $489.60M | $360.50M | $332.40M | $361.90M | $371.00M | $364.90M | $363.50M | $355.90M | $380.20M |
| Depreciation and Amortization | $1.04B | $908.20M | $820.80M | $748.40M | $725.90M | $717.40M | $599.60M | $570.30M | $547.10M | $524.40M |
| EBITDA | $2.57B | $2.21B | $2.14B | $1.80B | $1.07B | $1.60B | $722.30M | $1.37B | $1.41B | $1.24B |
| EBITDA Ratio | 47.10% | 40.17% | 34.40% | 36.61% | 36.36% | 38.52% | 14.97% | 30.80% | 31.28% | 28.88% |
| Operating Income | $1.46B | $1.30B | $1.27B | $1.01B | $976.30M | $1.29B | $124.70M | $910.60M | $858.20M | $799.90M |
| Operating Income Ratio | 26.68% | 23.53% | 21.64% | 20.55% | 20.85% | 24.75% | 2.44% | 18.68% | 19.10% | 17.20% |
| Total Other Income Expenses Net | $-452.70M | $-481.60M | $-309.40M | $-300.30M | $-582.10M | $-384.10M | $-355.30M | $-478.20M | $-352.50M | $-460.00M |
| Income Before Tax | $1.00B | $813.90M | $956.40M | $706.60M | $-31.30M | $506.60M | $-230.60M | $443.10M | $510.20M | $339.90M |
| Income Before Tax Ratio | 18.38% | 14.78% | 16.35% | 14.42% | -0.67% | 9.73% | -4.51% | 9.09% | 11.36% | 7.31% |
| Income Tax Expense | $242.40M | $139.50M | $164.60M | $117.80M | $-17.10M | $123.50M | $-180.00M | $314.50M | $182.10M | $141.30M |
| Net Income | $760.40M | $714.30M | $804.10M | $584.90M | $-14.20M | $383.10M | $-50.60M | $128.50M | $331.50M | $286.50M |
| Net Income Ratio | 13.94% | 12.97% | 13.74% | 11.94% | -0.30% | 7.35% | -0.99% | 2.64% | 7.38% | 6.16% |
| EPS | $1.67 | $1.59 | $1.84 | $1.35 | $-0.04 | $0.88 | $-0.14 | $0.39 | $1.03 | $0.90 |
| EPS Diluted | $1.67 | $1.48 | $1.69 | $1.27 | $-0.04 | $0.87 | $-0.14 | $0.39 | $1.02 | $0.90 |
| Weighted Average Shares Outstanding | 454.20M | 416.10M | 407.10M | 393.60M | 384.35M | 374.65M | 356.49M | 329.40M | 321.80M | 317.70M |
| Weighted Average Shares Outstanding Diluted | 456.00M | 447.90M | 442.70M | 417.30M | 384.35M | 375.99M | 356.50M | 330.80M | 323.50M | 319.80M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $156.60M | $2.25B | $40.80M | $84.20M | $116.50M | $139.30M | $112.80M | $29.00M | $26.40M | $15.50M |
| Short Term Investments | $- | $- | $151.60M | $- | $- | $- | $- | $14.00M | $17.00M | $- |
| Cash and Short Term Investments | $156.60M | $2.25B | $40.80M | $84.20M | $116.50M | $139.30M | $112.80M | $29.00M | $26.40M | $15.50M |
| Net Receivables | $1.01B | $928.00M | $1.17B | $925.20M | $825.40M | $905.40M | $1.15B | $944.70M | $852.40M | $660.00M |
| Inventory | $389.10M | $503.20M | $751.90M | $498.70M | $401.10M | $424.70M | $422.50M | $471.10M | $494.40M | $571.40M |
| Other Current Assets | $524.60M | $822.80M | $621.60M | $412.70M | $316.40M | $384.50M | $373.20M | $309.10M | $388.90M | $365.10M |
| Total Current Assets | $2.08B | $4.50B | $2.58B | $1.92B | $1.66B | $1.85B | $2.06B | $1.76B | $1.76B | $1.58B |
| Property Plant Equipment Net | $25.45B | $22.31B | $19.84B | $17.88B | $16.62B | $16.91B | $15.54B | $14.36B | $13.07B | $12.11B |
| Goodwill | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.69B | $1.69B | $1.69B | $1.69B |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $220.70M | $231.70M | $242.70M | $253.70M |
| Goodwill and Intangible Assets | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.91B | $1.92B | $1.93B | $1.94B |
| Long Term Investments | $178.70M | $247.10M | $224.20M | $259.70M | $252.00M | $230.20M | $206.10M | $209.60M | $199.90M | $194.60M |
| Tax Assets | $- | $- | $-29.00M | $1.66B | $1.47B | $1.41B | $1.33B | $1.29B | $- | $2.37B |
| Other Non-Current Assets | $2.59B | $2.54B | $2.63B | $949.30M | $553.10M | $764.50M | $758.10M | $414.00M | $1.73B | $-700.50M |
| Total Non-Current Assets | $29.71B | $26.58B | $24.15B | $22.24B | $20.38B | $20.81B | $19.75B | $18.20B | $16.93B | $15.92B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $31.79B | $31.08B | $26.74B | $24.16B | $22.04B | $22.66B | $21.80B | $19.96B | $18.69B | $17.49B |
| Account Payables | $863.10M | $749.40M | $899.50M | $697.80M | $589.00M | $666.00M | $883.80M | $625.60M | $539.40M | $433.40M |
| Short Term Debt | $40.40M | $3.10B | $1.83B | $624.80M | $526.30M | $1.80B | $2.03B | $1.49B | $1.85B | $1.16B |
| Tax Payables | $173.40M | $166.20M | $246.20M | $277.10M | $244.10M | $231.60M | $222.70M | $208.10M | $195.40M | $183.50M |
| Deferred Revenue | $- | $294.40M | $324.70M | $237.90M | $243.30M | $256.40M | $238.90M | $262.60M | $264.10M | $322.90M |
| Other Current Liabilities | $-1.02B | $950.60M | $1.36B | $908.60M | $676.70M | $1.05B | $903.10M | $850.90M | $866.30M | $884.80M |
| Total Current Liabilities | $53.70M | $5.27B | $4.66B | $2.75B | $2.28B | $3.75B | $4.04B | $3.18B | $3.45B | $2.66B |
| Long Term Debt | $- | $11.08B | $9.56B | $9.37B | $9.25B | $7.98B | $7.30B | $7.66B | $6.06B | $5.95B |
| Deferred Revenue Non-Current | $- | $-25.80M | $- | $2.60B | $2.95B | $3.36B | $3.39B | $3.45B | $2.37B | $90.70M |
| Deferred Tax Liabilities Non-Current | $- | $2.08B | $1.85B | $1.66B | $1.47B | $1.50B | $1.34B | $1.31B | $2.54B | $2.38B |
| Other Non-Current Liabilities | $98.70M | $2.51B | $4.62B | $3.11B | $4.67B | $4.94B | $3.37B | $4.80B | $2.58B | $2.59B |
| Total Non-Current Liabilities | $98.70M | $15.68B | $14.17B | $14.14B | $13.92B | $12.93B | $12.02B | $12.46B | $11.17B | $10.99B |
| Other Liabilities | $20.97B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $21.12B | $20.94B | $18.83B | $16.88B | $16.20B | $16.67B | $16.05B | $15.64B | $14.62B | $13.65B |
| Preferred Stock | $- | $486.10M | $1.55B | $1.55B | $880.00M | $880.00M | $880.00M | $400.00K | $100.00K | $100.00K |
| Common Stock | $4.70M | $4.50M | $4.20M | $4.10M | $3.90M | $3.80M | $3.80M | $3.40M | $3.30M | $3.20M |
| Retained Earnings | $- | $-967.00M | $-1.21B | $-1.58B | $-1.77B | $-1.37B | $-1.40B | $-1.07B | $-972.20M | $-1.12B |
| Accumulated Other Comprehensive Income Loss | $- | $-33.60M | $-37.10M | $-126.80M | $-156.70M | $-92.60M | $-37.20M | $-43.40M | $-25.10M | $-35.10M |
| Other Total Stockholders Equity | $1.23B | $8.78B | $7.28B | $7.10B | $6.79B | $6.57B | $6.30B | $5.43B | $5.07B | $5.00B |
| Total Stockholders Equity | $1.24B | $8.27B | $7.58B | $6.95B | $5.75B | $5.99B | $5.75B | $4.32B | $4.07B | $3.84B |
| Total Equity | $1.24B | $10.14B | $7.90B | $7.27B | $5.84B | $5.99B | $5.75B | $4.32B | $4.07B | $3.84B |
| Total Liabilities and Stockholders Equity | $31.79B | $31.08B | $26.74B | $24.16B | $22.04B | $22.66B | $21.80B | $19.96B | $18.69B | $17.49B |
| Minority Interest | $- | $1.87B | $326.40M | $325.60M | $85.60M | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $31.79B | $31.08B | $26.74B | $24.16B | $22.04B | $22.66B | $21.80B | $19.96B | $18.69B | $17.49B |
| Total Investments | $178.70M | $247.10M | $224.20M | $259.70M | $252.00M | $230.20M | $206.10M | $209.60M | $199.90M | $194.60M |
| Total Debt | $40.40M | $14.13B | $11.66B | $9.80B | $9.75B | $9.64B | $9.13B | $9.00B | $7.91B | $6.95B |
| Net Debt | $40.40M | $11.88B | $11.62B | $9.72B | $9.63B | $9.50B | $9.02B | $8.97B | $7.88B | $6.93B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $- | $674.40M | $791.80M | $588.80M | $-14.20M | $383.10M | $-50.60M | $128.60M | $328.10M | $198.60M |
| Depreciation and Amortization | $- | $908.20M | $820.80M | $748.40M | $725.90M | $717.40M | $599.60M | $570.30M | $547.10M | $524.40M |
| Deferred Income Tax | $168.00M | $134.10M | $156.90M | $111.90M | $-29.00M | $118.20M | $-188.20M | $306.70M | $182.30M | $135.30M |
| Stock Based Compensation | $43.60M | $23.90M | $24.90M | $24.30M | $17.40M | $25.90M | $28.60M | $40.10M | $46.50M | $50.70M |
| Change in Working Capital | $-195.60M | $199.90M | $-285.40M | $-260.40M | $-249.10M | $-75.10M | $110.20M | $-416.40M | $-292.10M | $146.90M |
| Accounts Receivables | $- | $184.10M | $-216.30M | $-40.30M | $-3.90M | $187.80M | $-186.20M | $-52.30M | $-188.00M | $262.20M |
| Inventory | $- | $233.90M | $-258.90M | $-112.90M | $-1.50M | $-2.00M | $41.40M | $19.00M | $38.90M | $46.90M |
| Accounts Payables | $71.50M | $-171.80M | $165.00M | $54.90M | $-29.70M | $-299.90M | $268.40M | $49.00M | $108.80M | $-190.50M |
| Other Working Capital | $-267.10M | $-46.30M | $24.80M | $-162.10M | $-214.00M | $39.00M | $-13.40M | $-432.10M | $-251.80M | $28.30M |
| Other Non Cash Items | $1.77B | $-5.40M | $-99.60M | $4.90M | $653.00M | $413.80M | $40.50M | $112.90M | $-8.60M | $400.90M |
| Net Cash Provided by Operating Activities | $1.78B | $1.94B | $1.41B | $1.22B | $1.10B | $1.58B | $540.10M | $742.20M | $803.30M | $1.46B |
| Investments in Property Plant and Equipment | $- | $-2.65B | $-2.20B | $-1.84B | $-1.76B | $-1.80B | $-1.82B | $-1.70B | $-1.48B | $-1.36B |
| Acquisitions Net | $- | $- | $21.20M | $1.84B | $1.76B | $1.80B | $1.82B | $1.70B | $- | $3.80B |
| Purchases of Investments | $- | $-42.80M | $-73.50M | $-102.90M | $-144.70M | $-140.40M | $-90.00M | $-168.40M | $- | $- |
| Sales Maturities of Investments | $- | $39.90M | $75.70M | $97.80M | $131.40M | $132.10M | $82.30M | $163.10M | $- | $- |
| Other Investing Activities | $-3.21B | $-922.90M | $-390.50M | $-2.20B | $-865.80M | $-1.91B | $-1.92B | $-1.80B | $-107.70M | $-492.60M |
| Net Cash Used for Investing Activities | $-3.21B | $-3.57B | $-2.57B | $-2.20B | $-879.10M | $-1.92B | $-1.93B | $-1.81B | $-1.58B | $1.94B |
| Debt Repayment | $-240.10M | $2.74B | $1.49B | $31.30M | $81.90M | $494.40M | $75.40M | $1.11B | $986.00M | $-3.03B |
| Common Stock Issued | $612.60M | $12.90M | $154.30M | $1.14B | $211.40M | $244.40M | $848.20M | $336.70M | $23.10M | $22.50M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $-4.00M | $-7.20M | $-9.40M | $-20.40M |
| Dividends Paid | $-489.20M | $-457.30M | $-436.60M | $-400.30M | $-376.70M | $-354.60M | $-284.90M | $-229.10M | $-205.50M | $-263.40M |
| Other Financing Activities | $-534.30M | $1.54B | $-63.90M | $1.33B | $-164.30M | $-17.80M | $834.00M | $-144.30M | $-3.70M | $-121.70M |
| Net Cash Used Provided by Financing Activities | $-651.00M | $3.84B | $1.14B | $956.30M | $-247.70M | $366.40M | $1.47B | $1.07B | $790.50M | $-3.41B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $500.00K |
| Net Change in Cash | $-2.08B | $2.21B | $-19.50M | $-30.70M | $-22.80M | $27.30M | $82.70M | $2.40M | $10.90M | $-9.40M |
| Cash at End of Period | $198.60M | $2.28B | $75.40M | $94.90M | $125.60M | $148.40M | $121.10M | $38.40M | $26.40M | $15.50M |
| Cash at Beginning of Period | $2.28B | $75.40M | $94.90M | $125.60M | $148.40M | $121.10M | $38.40M | $36.00M | $15.50M | $24.90M |
| Operating Cash Flow | $1.78B | $1.94B | $1.41B | $1.22B | $1.10B | $1.58B | $540.10M | $742.20M | $803.30M | $1.46B |
| Capital Expenditure | $-2.64B | $-2.65B | $-2.20B | $-1.84B | $-1.76B | $-1.80B | $-1.82B | $-1.70B | $-1.48B | $-1.36B |
| Free Cash Flow | $-861.50M | $-710.70M | $-793.70M | $-620.10M | $-654.10M | $-219.10M | $-1.28B | $-953.60M | $-671.90M | $96.10M |