Progress Energy 2004 Annual Report Download - page 59

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Progress Energy Annual Report 2004
CONSOLIDATED BALANCE SHEETS
(in millions)
December 31 2004 2003
CAPITALIZATION AND LIABILITIES
Common Stock Equity
Common stock without par value, 500 million shares authorized, 247 million and
246 million shares issued and outstanding, respectively $5,360 $5,270
Unearned restricted shares (1 million and 1 million shares, respectively) (13) (17)
Unearned ESOP shares (3 million and 4 million shares, respectively) (76) (89)
Accumulated other comprehensive loss (164) (50)
Retained earnings 2,526 2,330
Total Common Stock Equity 7,633 7,444
Preferred Stock of Subsidiaries – Not Subject to Mandatory Redemption 93 93
Minority Interest 36 30
Long-Term Debt, Affiliate 270 270
Long-Term Debt, Net 9,251 9,664
Total Capitalization 17,283 17,501
Current Liabilities
Current portion of long-term debt 349 868
Accounts payable 742 635
Interest accrued 219 228
Dividends declared 145 140
Short-term obligations 684 4
Customer deposits 180 167
Other current liabilities 742 608
Total Current Liabilities 3,061 2,650
Deferred Credits and Other Liabilities
Noncurrent income tax liabilities 599 701
Accumulated deferred investment tax credits 176 190
Regulatory liabilities 2,654 2,879
Asset retirement obligations 1,282 1,271
Accrued pension and other benefits 562 508
Other liabilities and deferred credits 376 393
Total Deferred Credits and Other Liabilities 5,649 5,942
Commitments and Contingencies (Notes 22 and 23)
Total Capitalization and Liabilities $25,993 $26,093
See Notes to Consolidated Financial Statements.
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