Xcel Energy 2012 Annual Report Download - page 101

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91
Comprehensive Income Disclosures — In February 2013, the FASB issued Comprehensive Income (Topic 220) -– Reporting of
Amounts Reclassified Out of Accumulated Other Comprehensive Income (ASU No. 2013-02), which requires detailed disclosures
of the amounts reclassified out of accumulated other comprehensive income. These disclosure requirements do not change how
net income or comprehensive income are presented in the consolidated financial statements. These disclosure requirements are
effective for annual reporting periods beginning on or after Dec. 15, 2012, and interim periods within those annual reporting
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, 2012
Dec. 31, 2011
Accounts receivable, net
Accounts receivable................................
............................
$
769,440
$
811,685
Less allowance for bad debts................................
....................
(51,394)
(58,565
)
$
718,046
$
753,120
(Thousands of Dollars)
Dec. 31, 2012
Dec. 31, 2011
Inventories
Materials and supplies................................
..........................
$
213,739
$
202,699
Fuel ................................................................
..........
189,425
236,023
Natural gas ................................................................
....
132,410
179,510
$
535,574
$
618,232
(Thousands of Dollars)
Dec. 31, 2012
Dec. 31, 2011
Property, plant and equipment, net
Electric plant ................................................................
..
$
28,285,031
$ 27,254,541
Natural gas plant................................
...............................
3,836,335
3,676,754
Common and other property ................................
....................
1,480,558
1,546,643
Plant to be retired (a) ................................
............................
152,730
151,184
Construction work in progress ................................
..................
1,757,189
1,085,245
Total property, plant and equipment ................................
...........
35,511,843
33,714,367
Less accumulated depreciation ................................
..................
(12,048,697)
(11,658,351)
Nuclear fuel ................................................................
...
2,090,801
1,939,299
Less accumulated amortization................................
..................
(1,744,599)
(1,641,948)
$
23,809,348
$ 22,353,367
(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. In 2011, Cherokee Unit 2 was retired and in 2012, Cherokee Unit 1 was retired. 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 in
consolidation.