Allegheny Power 2015 Annual Report Download - page 81

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65
FIRSTENERGYCORP.
CONSOLIDATEDBALANCESHEETS
(Inmillions,exceptshareamounts)
December31,
2015
December31,
2014
ASSETS
CURRENTASSETS:
Cashandcashequivalents
$
131
$
85
Receivables
Customers,netofallowanceforuncollectibleaccountsof$69in2015and$59in2014
1,415
1,554
Other,netofallowanceforuncollectibleaccountsof$5in2015and2014
180
225
Materialsandsupplies,ataveragecost
785
817
Prepaidtaxes
135
128
Derivatives
157
159
Collateral
70
230
Other
167
160
3,040
3,358
PROPERTY,PLANTANDEQUIPMENT:
Inservice
49,952
47,484
Less—Accumulatedprovisionfordepreciation
15,160
14,150
34,792
33,334
Constructionworkinprogress
2,422
2,449
37,214
35,783
INVESTMENTS:
Nuclearplantdecommissioningtrusts
2,282
2,341
Other
506
881
2,788
3,222
DEFERREDCHARGESANDOTHERASSETS:
Goodwill
6,418
6,418
Regulatoryassets
1,348
1,411
Other
1,379
1,456
9,145
9,285
$
52,187
$
51,648
LIABILITIESANDCAPITALIZATION
CURRENTLIABILITIES:
Currentlypayablelongtermdebt
$
1,166
$
804
Shorttermborrowings
1,708
1,799
Accountspayable
1,075
1,279
Accruedtaxes
519
490
Accruedcompensationandbenefits
334
329
Derivatives
106
167
Other
694
693
5,602
5,561
CAPITALIZATION:
Commonstockholders’equity
Commonstock,$0.10parvalue,authorized490,000,000shares423,560,397and421,102,570
sharesoutstandingasofDecember31,2015andDecember31,2014,respectively
42
42
Otherpaidincapital
9,952
9,847
Accumulatedothercomprehensiveincome
171
246
Retainedearnings
2,256
2,285
Totalcommonstockholders’equity
12,421
12,420
Noncontrollinginterest
1
2
Totalequity
12,422
12,422
Longtermdebtandotherlongtermobligations
19,192
19,176
31,614
31,598
NONCURRENTLIABILITIES:
Accumulateddeferredincometaxes
6,773
6,539
Retirementbenefits
4,245
3,932
Assetretirementobligations
1,410
1,387
Deferredgainonsaleandleasebacktransaction
791
824
Adversepowercontractliability
197
217
Other
1,555
1,590
14,971
14,489
COMMITMENTS,GUARANTEESANDCONTINGENCIES(Note15)
$
52,187
$
51,648
TheaccompanyingCombinedNotestoConsolidatedFinancialStatementsareanintegralpartofthesefinancialstatements.