Eversource 2002 Annual Report Download - page 37

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35
Consolidated Balance Sheets
At December 31,
(Thousands of Dollars) 2002 2001
Liabilities and Capitalization
Current Liabilities:
Notes payable to banks $56,000 $290,500
Long-term debt – current portion 56,906 50,462
Accounts payable 766,128 608,705
Accrued taxes 141,667 27,371
Accrued interest 40,597 35,659
Derivative liabilities 63,900 151,648
Other 179,154 161,277
1,304,352 1,325,622
Rate Reduction Bonds 1,899,312 2,018,351
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes 1,436,507 1,491,394
Accumulated deferred investment tax credits 106,471 120,071
Deferred contractual obligations 354,469 216,566
Other 552,641 633,523
2,450,088 2,461,554
Capitalization:
Long-Term Debt 2,287,144 2,292,556
Preferred Stock – Nonredeemable 116,200 116,200
Common Shareholders’ Equity:
Common shares, $5 par value – authorized 225,000,000 shares;
149,375,847 shares issued and 127,562,031 shares outstanding in 2002
and 148,890,640 shares issued and 130,132,136 shares outstanding in 2001 746,879 744,453
Capital surplus, paid in 1,108,338 1,107,609
Deferred contribution plan – employee stock ownership plan (87,746) (101,809)
Retained earnings 765,611 678,460
Accumulated other comprehensive income/(loss) 14,927 (32,470)
Treasury stock, 18,022,415 shares in 2002 and 14,359,628 in 2001 (337,488) (278,603)
Common Shareholders’Equity 2,210,521 2,117,640
Total Capitalization 4,613,865 4,526,396
Commitments and Contingencies (Note 8)
Total Liabilities and Capitalization $10,267,617 $10,331,923
The accompanying notes are an integral part of these consolidated financial statements.