Tampa Electric
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Calendar
15 Feb 21
17 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
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Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10M | 10M | 10M | 10M | 10M | 10M |
Cash burn (monthly) | 2.33M | 333.33K | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 8.33M | 1.19M | n/a | n/a | n/a | n/a |
Cash remaining | 1.67M | 8.81M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.7 | 26.4 | n/a | n/a | n/a | n/a |
Financial report summary
?Risks
- Risks Relating to TEC’s Business and Strategy
- TEC’s electric and gas utilities are regulated; changes in regulation or the regulatory environment could reduce revenues, increase costs or competition.
- Changes in the environmental and land use laws and regulations affecting its businesses could increase TEC’s costs or curtail its activities.
- Federal or state regulation of GHG emissions, depending on how they are enacted, could increase Tampa Electric’s costs or the rates charged to its customers, which could curtail sales.
- Tampa Electric and PGS may not be able to secure adequate rights-of-way to construct transmission lines, gas interconnection lines and distribution-related facilities and could be required to find alternate ways to provide adequate sources of energy and maintain reliable service for their customers.
- The franchise rights held by Tampa Electric and PGS could be lost in the event of a breach by such utilities or could expire and not be renewed.
- TEC’s businesses are sensitive to variations in weather and the effects of extreme weather and have seasonal variations.
- TEC is subject to several risks that arise or may arise from climate change.
- The facilities and operations of TEC could be affected by natural disasters or other catastrophic events.
- TEC is exposed to potential risks related to cyberattacks and unauthorized access, which could cause system failures, disrupt operations or adversely affect safety.
- Continued effects of the ongoing COVID-19 pandemic, or an outbreak of infectious disease, another pandemic or a similar public health threat could have a negative impact on TEC’s operations.
- National and local economic conditions can have a significant impact on the results of operations, net income and cash flows at TEC.
- Potential competitive changes may adversely affect TEC.
- Disruption of fuel supply could have an adverse impact on the financial condition of TEC.
- Commodity price changes may affect the operating costs and competitive positions of TEC’s businesses.
- Developments in technology could reduce demand for electricity and gas.
- Results at TEC may be affected by changes in customer energy-usage patterns.
- Failure to attract and retain an appropriately qualified workforce, or workforce disruptions, could adversely affect TEC’s financial results.
- Potential state or local law and regulation changes may adversely affect PGS.
- TEC’s indebtedness could adversely affect its business, financial condition and results of operations, as well as its ability to meet its payment obligations on its debt.
- Financial market conditions could limit TEC’s access to capital and increase TEC’s costs of borrowing or refinancing, or have other adverse effects on its results.
- Declines in the financial markets or in interest rates used to determine benefit obligations could increase TEC’s pension expense or the required cash contributions to maintain required levels of funding for its plan.
- TEC’s financial condition and results could be adversely affected if its capital expenditures are greater than forecast or costs are not recoverable through rates.
- TEC’s financial condition and ability to access capital may be materially adversely affected by multiple ratings downgrades to below investment grade.
Content analysis
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Financial reports
10-K
2020 FY
Annual report
15 Feb 21
10-Q
2020 Q3
Quarterly report
12 Nov 20
10-Q
2020 Q2
Quarterly report
11 Aug 20
10-Q
2020 Q1
Quarterly report
12 May 20
10-K
2019 FY
Annual report
18 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
12 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
19 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Entry into a Material Definitive Agreement
24 Mar 21
8-K
Other Events
16 Mar 21
8-K
Entry into a Material Definitive Agreement
22 Dec 20
8-K
Other Events
28 Oct 20
8-K
Entry into a Material Definitive Agreement
12 Feb 20
8-K
Entry into a Material Definitive Agreement
24 Jul 19
8-K
Other Events
23 Jul 19
8-K
Entry into a Material Definitive Agreement
9 Oct 18
8-K
Other Events
3 Oct 18
8-K
Entry into a Material Definitive Agreement
12 Jun 18
Registration and prospectus
424B5
Prospectus supplement for primary offering
16 Mar 21
FWP
Free writing prospectus
15 Mar 21
424B5
Prospectus supplement for primary offering
15 Mar 21
S-3
Shelf registration
16 Aug 19
424B5
Prospectus supplement for primary offering
23 Jul 19
FWP
Free writing prospectus
22 Jul 19
424B5
Prospectus supplement for primary offering
22 Jul 19
424B5
Prospectus supplement for primary offering
3 Oct 18
FWP
Free writing prospectus
1 Oct 18
424B5
Prospectus supplement for primary offering
30 Sep 18
Proxies
No filings
Other
EFFECT
Notice of effectiveness
26 Aug 19
UPLOAD
Letter from SEC
21 Aug 19
CORRESP
Correspondence with SEC
19 Aug 19
EFFECT
Notice of effectiveness
9 Mar 17
CORRESP
Correspondence with SEC
7 Mar 17
UPLOAD
Letter from SEC
5 Mar 17
UPLOAD
Letter from SEC
24 Aug 15
UPLOAD
Letter from SEC
12 Aug 15
UPLOAD
Letter from SEC
15 Jun 14
UPLOAD
Letter from SEC
18 May 14