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OGE Energy Corp. 37
Consolidated Balance Sheets (continued)
December฀31฀(In฀millions)฀฀฀2015฀ 2014
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term฀debt฀฀ $ —฀ $฀ ฀ ฀98.0
Accounts฀payable฀฀ 262.5฀ 179.1
Dividends฀payable฀฀ 54.9฀ 49.9
Customer฀deposits฀฀ 77.0฀ 73.7
Accrued฀taxes฀฀ 45.9฀ 39.7
Accrued฀interest฀฀ 42.9฀ 43.0
Accrued฀compensation฀฀ 54.4฀ 38.2
Long-term฀debt฀due฀within฀one฀year฀฀ 110.0฀ —฀
Fuel฀clause฀over฀recoveries฀ 61.3฀ —฀
Other฀฀ 43.9฀ 51.7
Total฀current฀liabilities฀฀ 752.8฀ 573.3
Long-Term Debt฀฀ 2,645.6฀ 2,755.3
Deferred Credits and Other Liabilities
Accrued฀benefit฀o ligations฀฀ 299.9฀ 315.5
Deferred฀income฀taxes฀฀ 2,178.2฀ 2,268.3
Regulatory฀liabilities฀฀ 272.6฀ 263.0
Other฀฀ 122.3฀ 108.0
Total฀deferred฀credits฀and฀other฀liabilities฀฀ 2,873.0฀ 2,954.8
Total฀liabilities฀฀ 6,271.4฀ 6,283.4
Commitments and Contingencies (Note 14)
Stockholders’ Equity
Common฀stockholders’฀equity฀฀ 1,101.3฀ 1,087.6
Retained฀earnings฀฀ 2,259.8฀ 2,198.2
Accumulated฀other฀comprehensive฀loss,฀net฀of฀tax฀฀ (35.1)฀ (41.4)
Total฀stockholders’฀equity฀฀ 3,326.0฀ 3,244.4
Total Liabilities and Stockholders’ Equity฀฀ $9,597.4฀ $9,527.8
The฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements฀are฀an฀integral฀part฀hereof.
36 OGE Energy Corp.
Consolidated Balance Sheets
December฀31฀(In฀millions)฀฀2015฀ 2014
ASSETS
Current Assets
Cash฀and฀cash฀equivalents฀฀ $ 75.2฀ $฀ ฀ ฀ ฀ ฀5.5
Accounts฀receivable,฀less฀reserve฀of฀$1.4฀and฀$1.6,฀respectively฀฀ 173.1฀ 188.8
Accounts฀receivable฀–฀unconsolidated฀affiliates ฀ 1.7฀ 5.6฀
Accrued฀unbilled฀revenues฀฀ 53.5฀ 55.5
Income฀taxes฀receivable฀฀ 17.2฀ 16.0
Fuel฀inventories฀฀ 113.8฀ 58.5
Materials฀and฀supplies,฀at฀average฀cost฀฀ 80.1฀ 78.9
Deferred฀income฀taxes฀฀ —฀ 191.4
Fuel฀clause฀under฀recoveries฀฀ —฀ 68.3฀
Other฀฀ 55.6฀ 38.4
฀ Total฀current฀assets฀฀ 570.2฀ 706.9
Other Property and Investments
Investment฀in฀unconsolidated฀affiliates ฀ 1,194.4฀ 1,318.2
Other฀฀ 70.7฀ 70.1
฀ Total฀other฀property฀and฀investments฀฀ 1,265.1฀ 1,388.3
Property, Plant and Equipment
In฀service฀฀ 10,318.3฀ 9,983.0
Construction฀work฀in฀progress฀฀ 278.5฀ 115.9
฀ Total฀property,฀plant฀and฀equipment฀฀ 10,596.8฀ 10,098.9
฀ ฀ Less฀accumulated฀depreciation฀฀ 3,274.4฀ 3,119.0
฀ Net฀property,฀plant฀and฀equipment฀฀ 7,322.4฀ 6,979.9
Deferred Charges and Other Assets
Regulatory฀assets฀฀ 402.2฀ 410.4
Other฀฀ 37.5฀ 42.3
฀ Total฀deferred฀charges฀and฀other฀assets฀฀ 439.7฀ 452.7
Total Assets฀฀ $ 9,597.4฀ $฀ 9,527.8
The฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements฀are฀an฀integral฀part฀hereof.