NiSource (NiSource) Cash And Cash Equivalents : $2,245 Mil (As of Dec. 2023)

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What is NiSource Cash And Cash Equivalents?

NiSource's quarterly cash and cash equivalents declined from Jun. 2023 ($151.30 Mil) to Sep. 2023 ($56.00 Mil) but then increased from Sep. 2023 ($56.00 Mil) to Dec. 2023 ($2,245.40 Mil).

NiSource's annual cash and cash equivalents declined from Dec. 2021 ($84.20 Mil) to Dec. 2022 ($40.80 Mil) but then increased from Dec. 2022 ($40.80 Mil) to Dec. 2023 ($2,245.40 Mil).

NiSource Cash And Cash Equivalents Historical Data

The historical data trend for NiSource's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NiSource Cash And Cash Equivalents Chart

NiSource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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139.30

116.50

84.20

40.80

2,245.40

NiSource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															40.80	106.40	151.30	56.00	2,245.40

NiSource Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

NiSource (NYSE:NI) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

NiSource Cash And Cash Equivalents Related Terms

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NiSource (NiSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NiSource Inc (NYSE:NI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NIpB.PFD:USA NOU:Germany

Address

801 East 86th Avenue, Merrillville, IN, USA, 46410

Website

https://www.nisource.com

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.

Executives

Michael E Jesanis	director	C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Lloyd M Yates	director	1N 2ND ST, HARTSVILLE SC 29550
Melody Birmingham	officer: EVP & Chief Innovation Officer	550 S. TRYON STREET, CHARLOTTE NC 28202
Donald Eugene Brown	officer: Executive Vice President	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
William Jr. Jefferson	officer: EVP Operations & CSO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Kimberly S Cuccia	officer: VP, Interim GC & Corp Sec	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael Luhrs	officer: EVP, Strategy & Risk & CCO	P.O. BOX 14720, MADISON WI 53708-0720
Melanie B. Berman	officer: SVP & CHRO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
William D Johnson	director	77 BEALE ST, PO BOX 770000, SAN FRANCISCO CA 94177
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Sondra L Barbour	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Daniel A Creekmur	officer: SVP & President, Gas Utilities	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael Hooper	officer: SVP and President, NIPSCO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Pablo Vegas	officer: EVP & President Columbia Gas	801 E. 86TH AVENUE, MERRILLVILLE IN 46410