Eversource 2004 Annual Report Download - page 51

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49
CONSOLIDATED BALANCE SHEETS
At December 31,
(Thousands of Dollars) 2004 2003
Liabilities and Capitalization (Restated)*
Current Liabilities:
Notes payable to banks $ 180,000 $ 105,000
Long-term debt — current portion 90,759 64,936
Accounts payable 825,247 728,463
Accrued taxes —50,881
Accrued interest 49,449 41,653
Derivative liabilities — current 130,275 51,117
Counterparty deposits 57,650 46,496
Other 230,022 213,842
1,563,402 1,302,388
Rate Reduction Bonds 1,546,490 1,729,960
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes 1,434,403 1,277,309
Accumulated deferred investment tax credits 99,124 102,652
Deferred contractual obligations 413,056 469,218
Regulatory liabilities 1,069,842 1,164,288
Derivative liabilities — long-term 58,737 61,495
Other 267,895 247,526
3,343,057 3,322,488
Capitalization:
Long-Term Debt 2,789,974 2,481,331
Preferred Stock of Subsidiary — Non-Redeemable 116,200 116,200
Common Shareholders' Equity:
Common shares, $5 par value — authorized 225,000,000 shares;
151,230,981 shares issued and 129,034,442 shares outstanding in 2004
and 150,398,403 shares issued and 127,695,999 shares outstanding in 2003 756,155 751,992
Capital surplus, paid in 1,116,106 1,108,924
Deferred contribution plan — employee stock ownership plan (60,547) (73,694)
Retained earnings 845,343 808,932
Accumulated other comprehensive (loss)/income (1,220) 25,991
Treasury stock, 19,580,065 shares in 2004 and 19,518,023 in 2003 (359,126) (358,025)
Common Shareholders' Equity 2,296,711 2,264,120
Total Capitalization 5,202,885 4,861,651
Commitments and Contingencies (Note 6)
Total Liabilities and Capitalization $11,655,834 $11,216,487
* See Note 16.
The accompanying notes are an integral part of these consolidated financial statements.