CenterPoint Energy 2008 Annual Report Download - page 86

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64
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2007
December 31,
2008
(In millions)
ASSETS
Current Assets:
Cash and cash equivalents ..............................................................................................................
$ 129
$ 167
Investment in Time Warner common stock ...................................................................................
357
218
Accounts receivable, net ................................................................................................................
910
1,009
Accrued unbilled revenues .............................................................................................................
558
541
Inventory ................................................................................................................................
490
569
Non-trading derivative assets .........................................................................................................
38
118
Prepaid expense and other current assets .......................................................................................
306
413
Total current assets .....................................................................................................................
2,788
3,035
Property, Plant and Equipment, net ...............................................................................................
9,740
10,296
Other Assets:
Goodwill .........................................................................................................................................
1,696
1,696
Regulatory assets ............................................................................................................................
2,993
3,684
Non-trading derivative assets .........................................................................................................
11
20
Investment in unconsolidated affiliates ..........................................................................................
88
345
Notes receivable from unconsolidated affiliates ............................................................................
148
323
Other...............................................................................................................................................
408
277
Total other assets ........................................................................................................................
5,344
6,345
Total Assets ..........................................................................................................................
$ 17,872
$ 19,676
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Short-term borrowings ...................................................................................................................
$ 232
$ 153
Current portion of long-term debt ................................................................................................
1,315
333
Indexed debt securities derivative ................................................................................................
261
133
Accounts payable ...........................................................................................................................
726
897
Taxes accrued ................................................................................................................................
316
189
Interest accrued ..............................................................................................................................
170
180
Non-trading derivative liabilities ................................................................................................
61
87
Accumulated deferred income taxes, net........................................................................................
350
372
Other...............................................................................................................................................
360
504
Total current liabilities ...............................................................................................................
3,791
2,848
Other Liabilities:
Accumulated deferred income taxes, net........................................................................................
2,235
2,609
Unamortized investment tax credits ...............................................................................................
31
24
Non-trading derivative liabilities ................................................................................................
14
47
Benefit obligations .........................................................................................................................
499
833
Regulatory liabilities ......................................................................................................................
828
821
Other...............................................................................................................................................
300
276
Total other liabilities ...................................................................................................................
3,907
4,610
Long-term Debt ................................................................................................................................
8,364
10,181
Commitments and Contingencies (Note 10)
Shareholders’ Equity ........................................................................................................................
1,810
2,037
Total Liabilities and Shareholders’ Equity ............................................................................
$ 17,872
$ 19,676
See Notes to the Company’s Consolidated Financial Statements