Eversource 1999 Annual Report Download - page 35

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At December 31,
(Thousands of Dollars) 1999 1998
Capitalization and Liabilities
Capitalization:
Common shares, $5 par value — authorized 225,000,000 shares; 137,393,829 shares
issued and 131,870,284 shares outstanding in 1999 and 137,031,264 shares
issued and 130,954,740 shares outstanding in 1998 $ 686,969 $ 685,156
Capital surplus, paid in 940,726 940,661
Deferred contribution plan — employee stock ownership plan (127,725) (140,619)
Retained earnings 581,817 560,769
Accumulated other comprehensive income 1,524 1,405
Total common shareholders’ equity 2,083,311 2,047,372
Preferred stock not subject to mandatory redemption 136,200 136,200
Preferred stock subject to mandatory redemption 121,289 167,539
Long-term debt 2,372,341 3,282,138
Total capitalization 4,713,141 5,633,249
Minority Interest in Consolidated Subsidiaries 100,000 100,000
Obligations Under Capital Leases 62,824 88,423
Current Liabilities:
Notes payable to banks 278,000 30,000
Long-term debt and preferred stock — current portion 503,315 397,153
Obligations under capital leases — current portion 118,469 120,856
Accounts payable 347,321 338,612
Accrued taxes 158,684 50,755
Accrued interest 37,904 51,044
Other 126,768 139,367
1,570,461 1,127,787
Deferred Credits and Other Long-term Liabilities:
Accumulated deferred income taxes 1,688,114 1,848,694
Accumulated deferred investment tax credits 140,407 143,369
Decommissioning obligation — Millstone 1 702,351 692,000
Deferred contractual obligations 358,387 418,760
Other 352,367 335,099
3,241,626 3,437,922
Total Capitalization and Liabilities $9,688,052 $10,387,381
The accompanying notes are an integral part of these financial statements.
33
CONSOLIDATED BALANCE SHEETS