Progress Energy 2004 Annual Report Download - page 58

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Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETS
(in millions)
December 31 2004 2003
ASSETS
Utility Plant
Utility plant in service $22,103 $21,680
Accumulated depreciation (8,783) (8,174)
Utility plant in service, net 13,320 13,506
Held for future use 13 13
Construction work in progress 799 559
Nuclear fuel, net of amortization 231 228
Total Utility Plant, Net 14,363 14,306
Current Assets
Cash and cash equivalents 62 47
Short-term investments 82 226
Receivables 1,084 1,084
Inventory 982 907
Deferred fuel cost 229 270
Deferred income taxes 121 87
Prepayments and other current assets 175 268
Total Current Assets 2,735 2,889
Deferred Debits and Other Assets
Regulatory assets 1,064 598
Nuclear decommissioning trust funds 1,044 938
Diversified business property, net 2,010 2,095
Miscellaneous other property and investments 446 464
Goodwill 3,719 3,726
Prepaid pension costs 42 462
Intangibles, net 337 357
Other assets and deferred debits 233 258
Total Deferred Debits and Other Assets 8,895 8,898
Total Assets $25,993 $26,093
See Notes to Consolidated Financial Statements.
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