Dominion Power 2004 Annual Report Download - page 61

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At December 31, 2004 2003
(millions)
Liabilities and Shareholders’ Equity
Current Liabilities
Securities due within one year $ 1,368 $ 1,252
Short-term debt 573 1,452
Accounts payable, trade 1,984 1,929
Accrued interest, payroll and taxes 578 619
Derivative liabilities 2,858 2,082
Other 695 750
Total current liabilities 8,056 8,084
Long-Term Debt
Long-term debt 14,078 14,336
Junior subordinated notes payable to affiliated trusts 1,429 1,440
Total long-term debt 15,507 15,776
Deferred Credits and Other Liabilities
Deferred income taxes 5,424 4,614
Deferred investment tax credits 75 92
Asset retirement obligations 1,705 1,651
Derivative liabilities 1,583 1,185
Regulatory liabilities 610 587
Other 803 762
Total deferred credits and other liabilities 10,200 8,891
Total liabilities 33,763 32,751
Commitments and Contingencies (see Note 22)
Subsidiary Preferred Stock Not Subject To Mandatory Redemption 257 257
Common Shareholders’ Equity
Common stock
—
no par(1) 10,888 10,052
Other paid-in capital 92 61
Retained earnings 1,442 1,054
Accumulated other comprehensive loss (996) (629)
Total common shareholders’ equity 11,426 10,538
Total liabilities and shareholders’ equity $45,446 $43,546
(1) 500 million shares authorized; 340 million shares and 325 million shares outstanding at December 31, 2004 and December 31, 2003, respectively.
The accompanying notes are an integral part of the Consolidated Financial Statements.
D 2004/Page 59