Xcel Energy 2002 Annual Report Download - page 32

Dec. 31
(Thousands of dollars) 2002 2001
assets
Current assets:
Cash and cash equivalents $ 901,273 $ 261,305
Restricted cash 305,581 142,676
Accounts receivable – net of allowance for bad debts: $92,745 and $37,487, respectively 961,060 1,048,073
Accrued unbilled revenues 390,984 495,994
Materials and supplies inventories – at average cost 321,863 308,593
Fuel inventory – at average cost 207,200 250,043
Natural gas inventories – replacement cost in excess of LIFO: $20,502 and $11,331, respectively 147,306 126,563
Recoverable purchased natural gas and electric energy costs 63,975 52,583
Derivative instruments valuation – at market 62,206 20,794
Prepayments and other 267,185 307,169
Current assets held for sale 108,535 316,621
Total current assets 3,737,168 3,330,414
Property, plant and equipment, at cost:
Electric utility plant 16,516,790 16,099,655
Nonregulated property and other 8,411,088 6,924,894
Natural gas utility plant 2,603,545 2,493,028
Construction work in progress: utility amounts of $856,008 and $669,895, respectively 1,513,807 3,663,371
Total property, plant and equipment 29,045,230 29,180,948
Less accumulated depreciation (10,303,575) (9,495,835)
Nuclear fuel – net of accumulated amortization: $1,058,531 and $1,009,855, respectively 74,139 96,315
Net property, plant and equipment 18,815,794 19,781,428
Other assets:
Investments in unconsolidated affiliates 1,001,380 1,196,702
Notes receivable, including amounts from affiliates of $206,308 and $202,411, respectively 987,714 779,186
Nuclear decommissioning fund and other investments 732,166 695,070
Regulatory assets 576,403 502,442
Derivative instruments valuation – at market 93,225 96,095
Prepaid pension asset 466,229 378,825
Goodwill, net 35,538 36,916
Intangible assets, net 68,210 66,700
Other 364,243 360,158
Noncurrent assets held for sale 379,772 1,530,178
Total other assets 4,704,880 5,642,272
Total assets $27,257,842 $28,754,114
liabilities and equity
Current liabilities:
Current portion of long-term debt $ 7,756,261 $ 392,938
Short-term debt 1,541,963 2,224,812
Accounts payable 1,399,195 1,263,690
Taxes accrued 267,214 246,098
Dividends payable 75,814 130,845
Derivative instruments valuation – at market 38,767 83,122
Other 749,521 698,142
Current liabilities held for sale 520,101 429,433
Total current liabilities 12,348,836 5,469,080
Deferred credits and other liabilities:
Deferred income taxes 1,283,667 2,134,977
Deferred investment tax credits 169,696 184,148
Regulatory liabilities 518,427 483,942
Derivative instruments valuation – at market 102,779 42,444
Benefit obligations and other 722,264 692,090
Minimum pension liability 106,897 –
Noncurrent liabilities held for sale 155,962 783,297
Total deferred credits and other liabilities 3,059,692 4,320,898
Minority interest in subsidiaries 34,762 614,750
Commitments and contingencies (see Note 18)
Capitalization (see Statements of Capitalization):
Long-term debt 6,550,248 11,555,589
Mandatorily redeemable preferred securities of subsidiary trusts (see Note 9) 494,000 494,000
Preferred stockholders’ equity 105,320 105,320
Common stockholders’ equity 4,664,984 6,194,477
Total liabilities and equity $27,257,842 $28,754,114
See Notes to Consolidated Financial Statements
page 46 xcel energy inc. and subsidiaries
consolidated balance sheets