ITC Holdings Corp. financial data

Industry
Electric Services
Location
27175 Energy Way, Novi, MI
State of incorporation
MI
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Jul 31, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 70.7 % +72.1%
Quick Ratio 8.81 % +22.2%
Debt-to-equity 359 % +0.64%
Return On Equity 16.8 % -0.53%
Return On Assets 3.66 % -1.08%
Operating Margin 56.9 % +0.85%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 224M shares 0%
Common Stock, Shares, Outstanding 224M shares 0%
Entity Public Float 0 USD
Common Stock, Value, Issued 892M USD 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.59B USD +5.59%
Revenue from Contract with Customer, Excluding Assessed Tax 1.61B USD +7.46%
General and Administrative Expense 110M USD +3.77%
Operating Income (Loss) 904M USD +6.48%
Nonoperating Income (Expense) -264M USD -9.09%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 640M USD +5.44%
Income Tax Expense (Benefit) 158M USD +3.95%
Net Income (Loss) Attributable to Parent 482M USD +5.93%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 147M USD -50.3%
Accounts Receivable, after Allowance for Credit Loss, Current 199M USD +16.4%
Inventory, Net 75M USD +25%
Assets, Current 470M USD -17.4%
Property, Plant and Equipment, Net 11.6B USD +6.14%
Intangible Assets, Net (Excluding Goodwill) 24M USD -11.1%
Goodwill 950M USD 0%
Other Assets, Noncurrent 142M USD +6.77%
Assets 13.4B USD +4.57%
Accounts Payable, Current 118M USD +22.9%
Employee-related Liabilities, Current 41M USD -16.3%
Contract with Customer, Liability, Current 44M USD 0%
Liabilities, Current 502M USD -35.5%
Contract with Customer, Liability, Noncurrent 12M USD -67.6%
Deferred Income Tax Liabilities, Net 1.47B USD +7.55%
Other Liabilities, Noncurrent 38M USD +8.57%
Liabilities 10.5B USD +4.09%
Accumulated Other Comprehensive Income (Loss), Net of Tax 26M USD -10.3%
Retained Earnings (Accumulated Deficit) 2.02B USD +9.6%
Stockholders' Equity Attributable to Parent 2.94B USD +6.3%
Liabilities and Equity 13.4B USD +4.57%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 142M USD +11.8%
Net Cash Provided by (Used in) Financing Activities 13M USD -89.6%
Net Cash Provided by (Used in) Investing Activities -263M USD -3.54%
Common Stock, Shares Authorized 235M shares 0%
Common Stock, Shares, Issued 224M shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -108M USD -5300%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 154M USD -48.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 65M USD -9.72%
Deferred Tax Assets, Valuation Allowance 3M USD -40%
Deferred Tax Assets, Gross 234M USD -4.1%
Payments to Acquire Property, Plant, and Equipment 264M USD +6.02%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 479M USD +3.46%
Deferred Income Tax Expense (Benefit) 22M USD -8.33%
Deferred Tax Assets, Operating Loss Carryforwards 5M USD -89.8%
Depreciation, Depletion and Amortization 81M USD +8%
Interest Expense 324M USD +16.1%