10-Q Filing

PORTLAND GENERAL ELECTRIC CO /OR/ CIK: 784977 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000784977-16-000088`
Period End Date	20160331
Filing Date	20160429
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	por-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 40 Cash Flow Statement 74

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$130.00M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$158.00M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Unbilled revenues	`UnbilledReceivablesCurrent`	$77.00M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Unbilled revenues	`UnbilledReceivablesCurrent`	$95.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Inventories	`EnergyRelatedInventory`	$83.00M	USD	Point-in-time
Inventories	`EnergyRelatedInventory`	$82.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.90M	shares	Point-in-time
Regulatory assets - current	`RegulatoryAssetsCurrent`	$129.00M	USD	Point-in-time
Regulatory assets - current	`RegulatoryAssetsCurrent`	$131.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.79M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$88.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	88.79M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$113.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	88.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$557.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$537.00M	USD	Point-in-time
Electric utility plant, net	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$6.16B	USD	Point-in-time
Electric utility plant, net	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$6.01B	USD	Point-in-time
Regulatory assets - noncurrent	`RegulatoryAssetsNoncurrent`	$524.00M	USD	Point-in-time
Regulatory assets - noncurrent	`RegulatoryAssetsNoncurrent`	$526.00M	USD	Point-in-time
Nuclear decommissioning trust	`DecommissioningFundInvestments`	$40.00M	USD	Point-in-time
Nuclear decommissioning trust	`DecommissioningFundInvestments`	$41.00M	USD	Point-in-time
Non-qualified benefit plan trust	`AssetsHeldInTrustNoncurrent`	$32.00M	USD	Point-in-time
Non-qualified benefit plan trust	`AssetsHeldInTrustNoncurrent`	$33.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$48.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$44.00M	USD	Point-in-time
Total assets	`Assets`	$7.34B	USD	Point-in-time
Total assets	`Assets`	$7.21B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$98.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$98.00M	USD	Point-in-time
Liabilities from price risk mangement activities - current	`DerivativeLiabilitiesCurrent`	$130.00M	USD	Point-in-time
Liabilities from price risk mangement activities - current	`DerivativeLiabilitiesCurrent`	$142.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$6.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$133.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$259.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$268.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$626.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$508.00M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$2.06B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$2.20B	USD	Point-in-time
Regulatory liabilities - noncurrent	`RegulatoryLiabilityNoncurrent`	$938.00M	USD	Point-in-time
Regulatory liabilities - noncurrent	`RegulatoryLiabilityNoncurrent`	$928.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$632.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$646.00M	USD	Point-in-time
Unfunded status of pension and postretirement plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$261.00M	USD	Point-in-time
Unfunded status of pension and postretirement plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$259.00M	USD	Point-in-time
Liabilities from price risk mangement activities - noncurrent	`DerivativeLiabilitiesNoncurrent`	$161.00M	USD	Point-in-time
Liabilities from price risk mangement activities - noncurrent	`DerivativeLiabilitiesNoncurrent`	$161.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligation`	$151.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligation`	$152.00M	USD	Point-in-time
Non-qualified benefit plan liabilities	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$106.00M	USD	Point-in-time
Non-qualified benefit plan liabilities	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$106.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$29.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$82.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.05B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.95B	USD	Point-in-time
Commitments and contingencies (see notes)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see notes)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value, 160,000,000 shares authorized; 88,899,359 and 88,792,751 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.20B	USD	Point-in-time
Common stock, no par value, 160,000,000 shares authorized; 88,899,359 and 88,792,751 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.20B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.07B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.21B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.34B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`ElectricUtilityRevenue`	$473.00M	USD	1 Quarter
Revenues, net	`ElectricUtilityRevenue`	$487.00M	USD	1 Quarter
Purchased power and fuel	`CostOfPurchasedPower`	$161.00M	USD	1 Quarter
Purchased power and fuel	`CostOfPurchasedPower`	$149.00M	USD	1 Quarter
Generation, transmission and distribution	`ElectricProductionExpense`	$66.00M	USD	1 Quarter
Generation, transmission and distribution	`ElectricProductionExpense`	$62.00M	USD	1 Quarter
Administrative and other	`GeneralAndAdministrativeExpense`	$60.00M	USD	1 Quarter
Administrative and other	`GeneralAndAdministrativeExpense`	$61.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$75.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$82.00M	USD	1 Quarter
Taxes other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$30.00M	USD	1 Quarter
Taxes other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$30.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$388.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$388.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$99.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$85.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$27.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$30.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$4.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$7.00M	USD	1 Quarter
Miscellaneous income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Miscellaneous income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$6.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$78.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.00M	USD	1 Quarter
Net income and Comprehensive income	`ProfitLoss`	$50.00M	USD	1 Quarter
Net income and Comprehensive income	`ProfitLoss`	$61.00M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	88.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.47M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	88.83M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.28	USD	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$50.00M	USD	1 Quarter
Net income	`ProfitLoss`	$61.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$75.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$82.00M	USD	1 Quarter
Increase in net liabilities from price risk management activities	`IncreaseDecreaseInRiskManagementAssetsAndLiabilities`	$-53.00M	USD	1 Quarter
Increase in net liabilities from price risk management activities	`IncreaseDecreaseInRiskManagementAssetsAndLiabilities`	$-2.00M	USD	1 Quarter
Regulatory deferrals-price risk management activities	`GainLossFromPriceRiskManagementActivity`	$53.00M	USD	1 Quarter
Regulatory deferrals-price risk management activities	`GainLossFromPriceRiskManagementActivity`	$2.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.00M	USD	1 Quarter
Pension and other postretirement benefits	`PensionAndOtherPostretirementBenefitExpense`	$9.00M	USD	1 Quarter
Pension and other postretirement benefits	`PensionAndOtherPostretirementBenefitExpense`	$7.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$4.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$7.00M	USD	1 Quarter
Other non-cash income and expenses, net	`OtherNoncashIncomeExpense`	$-4.00M	USD	1 Quarter
Other non-cash income and expenses, net	`OtherNoncashIncomeExpense`	$-5.00M	USD	1 Quarter
Decrease in accounts receivable and unbilled revenues	`IncreaseDecreaseInReceivables`	$-37.00M	USD	1 Quarter
Decrease in accounts receivable and unbilled revenues	`IncreaseDecreaseInReceivables`	$-46.00M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-1.00M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$13.00M	USD	1 Quarter
Increase in margin deposits, net	`IncreaseDecreaseInMarginDepositsOutstanding`	$7.00M	USD	1 Quarter
Increase in margin deposits, net	`IncreaseDecreaseInMarginDepositsOutstanding`	$9.00M	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-1.00M	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-11.00M	USD	1 Quarter
Other working capital items, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$16.00M	USD	1 Quarter
Other working capital items, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$20.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingAssets`	$13.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingAssets`	$5.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$134.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$161.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$178.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$131.00M	USD	1 Quarter
Sales tax refund received related to Tucannon River Wind Farm	`ProceedsFromIncomeTaxRefunds`	$12.00M	USD	1 Quarter
Sales tax refund received related to Tucannon River Wind Farm	`ProceedsFromIncomeTaxRefunds`	-	USD	1 Quarter
Sales of Nuclear decommissioning trust securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$4.00M	USD	1 Quarter
Sales of Nuclear decommissioning trust securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$6.00M	USD	1 Quarter
Purchases of Nuclear decommissioning trust securities	`PaymentsToAcquireInvestments`	$6.00M	USD	1 Quarter
Purchases of Nuclear decommissioning trust securities	`PaymentsToAcquireInvestments`	$5.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-133.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$140.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$75.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$133.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$120.00M	USD	1 Quarter
Change in short-term debt	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Change in short-term debt	`RepaymentsOfShortTermDebt`	$6.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$27.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$22.00M	USD	1 Quarter
Payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.00M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-67.00M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-100.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$14.00M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$10.00M	USD	1 Quarter
Accrued capital additions	`CapitalExpendituresIncurredButNotYetPaid`	$49.00M	USD	1 Quarter
Accrued capital additions	`CapitalExpendituresIncurredButNotYetPaid`	$62.00M	USD	1 Quarter
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$28.00M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$22.00M	USD	Point-in-time
Assets obtained under capital lease	`CapitalLeaseObligationsIncurred`	$54.00M	USD	1 Quarter
Assets obtained under capital lease	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.