Duke Energy 2014 Annual Report Download - page 110

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PART II
DUKE ENERGY FLORIDA, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions) 2014 2013
ASSETS
Current Assets
Cash and cash equivalents $8$16
Receivables (net of allowance for doubtful accounts of $2 at December 31, 2014 and $4 at December 31, 2013) 84 375
Restricted receivables of variable interest entities (net of allowance for doubtful accounts of $3 at December 31, 2014) 305 —
Receivables from affi liated companies 40 3
Inventory 623 571
Regulatory assets 203 221
Other 521 182
Total current assets 1,784 1,368
Investments and Other Assets
Nuclear decommissioning trust funds 803 753
Other 204 252
Total investments and other assets 1,007 1,005
Property, Plant and Equipment
Cost 14,433 13,863
Accumulated depreciation and amortization (4,478) (4,252)
Net property, plant and equipment 9,955 9,611
Regulatory Assets and Deferred Debits
Regulatory assets 2,733 2,729
Other 39 44
Total regulatory assets and deferred debits 2,772 2,773
Total Assets $ 15,518 $ 14,757
LIABILITIES AND COMMON STOCKHOLDER'S EQUITY
Current Liabilities
Accounts payable $ 365 $ 333
Accounts payable to affi liated companies 70 38
Notes payable to affi liated companies 84 181
Taxes accrued 65 66
Interest accrued 47 46
Current maturities of long-term debt 562 11
Regulatory liabilities 35 144
Other 586 445
Total current liabilities 1,814 1,264
Long-Term Debt 4,298 4,875
Deferred Credits and Other Liabilities
Deferred income taxes 2,452 1,829
Accrued pension and other post-retirement benefi t costs 221 286
Asset retirement obligations 806 833
Regulatory liabilities 547 618
Other 158 255
Total deferred credits and other liabilities 4,184 3,821
Commitments and Contingencies
Common Stockholder's Equity
Common Stock, no par; 60 million shares authorized; 100 shares outstanding at December 31, 2014 and 2013 1,762 1,762
Retained earnings 3,460 3,036
Accumulated other comprehensive loss —(1)
Total common stockholder’s equity 5,222 4,797
Total Liabilities and Common Stockholder’s Equity $ 15,518 $ 14,757
See Notes to Consolidated Financial Statements