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SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PUGET ENERGY
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Schedule I: Condensed Financial Information of Puget Energy
SCHEDULE I:  CONDENSED FINANCIAL INFORMATION OF PUGET ENERGY

Puget Energy
Condensed Statements of Income and Comprehensive Income (Loss)
(Dollars in Thousands)

Year Ended December 31,
201920182017
Non-utility expense and other$(1,495) $(1,345) $(1,466) 
Other income (deductions):
Equity in earnings of subsidiary294,724  320,122  323,568  
Non-hedged interest rate swap expense—  —  28  
Interest income6,643  4,273  1,039  
Interest expense(111,716) (108,816) (106,072) 
Income tax expense (benefit)22,552  21,388  (41,903) 
Net income (loss)$210,708  $235,622  $175,194  
Comprehensive income (loss)$203,761  $182,702  $184,624  

See accompanying notes to the condensed financial statements.
Puget Energy
Condensed Balance Sheets
(Dollars in Thousands)

December 31,
20192018
Assets:
        Investment in subsidiaries$4,153,618  $3,820,347  
Other property and investments:
       Goodwill1,656,5131,656,513
Current assets:
       Cash9472,067
       Receivables from affiliates1
180,527138,714
Total current assets181,474  140,781
Long-term assets:
       Deferred income taxes235,428221,660
       Other2,0562,040
Total long-term assets237,484223,700
Total assets$6,229,089  $5,841,341  
Capitalization and liabilities:
       Common equity$4,000,299  $3,860,728  
       Long-term debt1,752,644  1,954,205
Total capitalization5,752,943  5,814,933  
Current liabilities:
        Account Payable208260
 Current maturities of long-term debt450,000—
        Interest25,93826,148
Total current liabilities476,146  26,408  
Commitments and contingencies (Note 16)
Total capitalization and liabilities$6,229,089  $5,841,341  
_______________
1 Eliminated in consolidation.


See accompanying notes to the condensed financial statements.
Puget Energy
Condensed Statements of Cash Flows
(Dollars in Thousands)

Year Ended December 31,
201920182017
Operating activities:
Net cash provided by (used in) operating activities$68,724  $79,176  $139,005  
Investing activities:
Investment in subsidiaries(210,000) —  (24,222) 
(Increase) decrease in loan to subsidiary(41,708) (59,864) (78,155) 
Other—  —  (437) 
Net cash provided by (used in) investing activities(251,708) (59,864) (102,814) 
Financing activities:
Dividends paid(64,220) (77,204) (123,307) 
Issuance of bond246,200  209,300  —  
Issuance/redemption of term-loan and other long-term debt—  (150,000) 90,120  
Issue costs and others(116) (92) (2,650) 
Net cash provided by (used in) by financing activities181,864  (17,996) (35,837) 
Increase (decrease) in cash(1,120) 1,316  354  
Cash at beginning of year2,067  751  397  
Cash at end of year$947  $2,067  $751  

See accompanying notes to the condensed financial statements.