Duke Energy 2015 Annual Report Download - page 113

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PART II
DUKE ENERGY FLORIDA, LLC (formerly DUKE ENERGY FLORIDA, INC.)
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions) 2015 2014
ASSETS
Current Assets
Cash and cash equivalents $ 8 $ 8
Receivables (net of allowance for doubtful accounts of $2 at December 31, 2015 and 2014) 60 84
Restricted receivables of variable interest entities (net of allowance for doubtful accounts of $3 at December 31, 2015 and 2014) 308 305
Receivables from affiliated companies 84 40
Inventory 663 623
Regulatory assets 98 203
Other 21 521
Total current assets 1,242 1,784
Investments and Other Assets
Nuclear decommissioning trust funds 740 803
Other 292 204
Total investments and other assets 1,032 1,007
Property, Plant and Equipment
Cost 15,343 14,433
Accumulated depreciation and amortization (4,720) (4,478)
Net property, plant and equipment 10,623 9,955
Regulatory Assets and Deferred Debits
Regulatory assets 2,725 2,733
Other 22
Total regulatory assets and deferred debits 2,727 2,735
Total Assets $ 15,624 $ 15,481
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable $ 322 $ 365
Accounts payable to affiliated companies 116 70
Notes payable to affiliated companies 813 84
Taxes accrued 132 65
Interest accrued 43 47
Current maturities of long-term debt 13 562
Regulatory liabilities 200 35
Other 452 586
Total current liabilities 2,091 1,814
Long-Term Debt 4,253 4,261
Deferred Credits and Other Liabilities
Deferred income taxes 2,460 2,452
Accrued pension and other post-retirement benefit costs 242 221
Asset retirement obligations 802 806
Regulatory liabilities 509 547
Other 146 158
Total deferred credits and other liabilities 4,159 4,184
Commitments and Contingencies
Equity
Member's equity 5,121 —
Common Stock, no par; 60 million shares authorized; 100 shares outstanding at December 31, 2014 —1,762
Retained earnings —3,460
Total equity 5,121 5,222
Total Liabilities and Equity $ 15,624 $ 15,481
See Notes to Consolidated Financial Statements