Dominion Power 2002 Annual Report Download - page 29

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At December 31, 2002 2001
(millions)
Current Liabilities
Securities due within one year $ 2,125 $ 1,354
Short-term debt 1,193 1,859
Accounts payable, trade 2,310 1,776
Accrued interest, payroll and taxes 606 564
Derivative and energy trading liabilities 1,609 1,086
Other 600 839
Total current liabilities 8,443 7,478
Long-Term Debt
Long-term debt 11,968 11,797
Notes payable—affiliates 92 322
Total long-term debt 12,060 12,119
Deferred Credits and Other Liabilities
Deferred income taxes 4,099 3,812
Deferred investment tax credits 110 128
Derivative and energy trading liabilities 690 322
Other 640 626
Total deferred credits and other liabilities 5,539 4,888
Total liabilities 26,042 24,485
Commitments and Contingencies (see Note 27)
Company Obligated Mandatorily Redeemable Preferred Securities of Subsidiary Trusts(1) 1,397 1,132
Subsidiary Preferred Stock Not Subject To Mandatory Redemption 257 384
Common Shareholders’Equity
Common stock—no par (2) 9,051 7,129
Other paid-in capital 47 28
Accumulated other comprehensive income (loss) (446) 289
Retained earnings 1,561 922
Total common shareholders’ equity 10,213 8,368
Total liabilities and shareholders’ equity $37,909 $34,369
(1) As described in Note 22,the debt securities issued by Dominion Resources, Inc. and certain subsidiaries constitute 100 percent of the trusts’ assets.
(2) 500 million shares authorized; 308 million shares and 265 million shares outstanding at December 31, 2002 and 2001, respectively.
27
Dominion ’02 Annual Report
Liabilities and Shareholders’Equity