National Grid plc (FRA:NNGF)

National Grid Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	1,178	559	163	204	157
Short-Term Investments	597	615	841	853	574
Trading Asset Securities	5,156	3,084	1,764	2,292	1,768
Accounts Receivable	2,472	2,018	2,072	1,953	1,493
Other Receivables	1,291	1,023	1,412	1,439	1,106
Inventory	557	828	740	393	347
Prepaid Expenses	340	385	389	429	387
Other Current Assets	2,741	1,867	1,732	10,400	4,106
Total Current Assets	14,332	10,379	9,113	17,963	9,938
Property, Plant & Equipment	74,091	68,907	64,433	57,532	47,043
Goodwill	9,532	9,729	9,847	9,532	4,588
Other Intangible Assets	3,564	3,431	3,604	3,272	1,443
Long-Term Investments	1,406	2,300	2,159	2,068	1,622
Other Long-Term Assets	3,817	3,579	3,541	4,493	2,582
Total Assets	106,742	98,325	92,697	94,860	67,216
Accounts Payable	2,965	2,786	3,249	3,113	2,165
Accrued Expenses	131	-	240	278	140
Short-Term Debt	2,226	1,444	840	1,303	628
Current Portion of Long-Term Debt	2,671	3,550	2,112	10,847	3,080
Current Unearned Revenue	96	127	252	130	66
Current Portion of Leases	120	114	96	107	99
Current Income Taxes Payable	219	220	236	32	75
Other Current Liabilities	2,193	3,148	2,105	8,960	3,115
Total Current Liabilities	10,621	11,389	9,130	24,770	9,368
Long-Term Debt	42,951	42,425	40,438	33,748	27,594
Long-Term Leases	709	665	618	451	586
Long-Term Unearned Revenue	2,424	2,130	1,838	1,383	1,172
Pension & Post-Retirement Benefits	573	593	694	810	1,032
Long-Term Deferred Tax Liabilities	8,038	7,519	7,181	6,765	4,815
Other Long-Term Liabilities	3,600	3,712	3,236	3,077	2,789
Total Liabilities	68,916	68,433	63,135	71,004	47,356
Common Stock	638	493	488	485	474
Additional Paid-In Capital	1,292	1,298	1,302	1,300	1,296
Retained Earnings	40,106	32,066	31,608	26,611	23,163
Comprehensive Income & Other	-4,233	-3,990	-3,860	-4,563	-5,094
Total Common Equity	37,803	29,867	29,538	23,833	19,839
Minority Interest	23	25	24	23	21
Shareholders' Equity	37,826	29,892	29,562	23,856	19,860
Total Liabilities & Equity	106,742	98,325	92,697	94,860	67,216
Total Debt	48,677	48,198	44,104	46,456	31,987
Net Cash (Debt)	-41,746	-43,940	-41,336	-43,107	-29,488
Net Cash Per Share	-8.83	-11.85	-11.24	-11.92	-8.33
Filing Date Shares Outstanding	4,901	3,720	3,678	3,645	3,549
Total Common Shares Outstanding	3,732	3,720	3,677	3,645	3,549
Working Capital	3,711	-1,010	-17	-6,807	570
Book Value Per Share	10.13	8.03	8.03	6.54	5.59
Tangible Book Value	24,707	16,707	16,087	11,029	13,808
Tangible Book Value Per Share	6.62	4.49	4.37	3.03	3.89
Land	4,244	4,210	4,066	3,659	3,752
Machinery	79,140	75,901	70,987	64,094	57,079
Construction In Progress	9,073	7,022	6,760	5,587	5,221

Source: S&P Global Market Intelligence. Utility template. Financial Sources.