Xcel Energy 2011 Annual Report Download - page 100

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90
Comprehensive Income — In June 2011, the FASB issued Comprehensive Income (Topic 220) — Presentation of
Comprehensive Income (ASU No. 2011-05), which updates the Codification to require the presentation of the components of net
income, the components of OCI and total comprehensive income in either a single continuous statement of comprehensive
income or in two separate, but consecutive statements of net income and comprehensive income. These updates do not affect the
items reported in OCI or the guidance for reclassifying such items to net income. These updates to the Codification are effective
for interim and annual periods beginning after Dec. 15, 2011. Xcel Energy does not expect the implementation of this
presentation guidance to have a material impact on its consolidated financial statements.
Balance Sheet Offsetting — In December 2011, the FASB issued Balance Sheet (Topic 210) — Disclosures about Offsetting
Assets and Liabilities (ASU No. 2011-11), which updates the Codification to require disclosures regarding netting arrangements in
agreements underlying derivatives, certain financial instruments and related collateral amounts, and the extent to which an
entity’s financial statement presentation policies related to netting arrangements impact amounts recorded to the financial
statements. These updates to the disclosure requirements of the Codification do not affect the presentation of amounts in the
consolidated balance sheets, and are effective for annual reporting periods beginning on or after Jan. 1, 2013, and interim periods
within those periods. Xcel Energy does not expect the implementation of this disclosure guidance to have a material impact on its
consolidated financial statements.
3. Selected Balance Sheet Data
(Thousands of Dollars) Dec. 31, 2011 Dec. 31, 2010
Accounts receivable, net
Accounts receivable ................................................................
.
$ 811,685 $ 773,037
Less allowance for bad debts ................................
.........................
(58,565) (54,563
)
$ 753,120 $ 718,474
Inventories
Materials and supplies ................................
...............................
$ 202,699 $ 196,081
Fuel ................................................................
................
236,023 188,566
Natural gas................................................................
..........
179,510 176,153
$ 618,232 $ 560,800
Property, plant and equipment, net
Electric plant ................................................................
........
$ 27,254,541 $ 24,993,582
Natural gas plant ................................................................
....
3,676,754 3,463,343
Common and other property ................................
..........................
1,546,643 1,555,287
Plant to be retired (a) ................................................................
.
151,184 236,606
Construction work in progress ................................
........................
1,085,245 1,186,433
Total property, plant and equipment ................................
.................
33,714,367 31,435,251
Less accumulated depreciation................................
........................
(11,658,351) (11,068,820
)
Nuclear fuel................................................................
.........
1,939,299 1,837,697
Less accumulated amortization ................................
.......................
(1,641,948) (1,541,046
)
$ 22,353,367 $ 20,663,082
(a) In 2010, in response to the CACJA, the CPUC approved the early retirement of Cherokee Units 1, 2 and 3, Arapahoe Unit 3 and Valmont Unit 5 between
2011 and 2017. Amounts are presented net of accumulated depreciation. See Item 1 – Public Utility Regulation for further discussion.
4. Borrowings and Other Financing Instruments
Short-Term Borrowings
Money Pool — Xcel Energy Inc. and its utility subsidiaries have established a money pool arrangement that allows for short-term
investments in and borrowings between the utility subsidiaries. NSP-Wisconsin does not participate in the money pool. Xcel
Energy Inc. may make investments in the utility subsidiaries at market-based interest rates; however, the money pool arrangement
does not allow the utility subsidiaries to make investments in Xcel Energy Inc. The money pool balances are eliminated upon
consolidation.