Progress Energy 2008 Annual Report Download - page 121
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119
Progress Energy Annual Report 2008
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2008
(in millions) Parent Subsidiary
Guarantor Non-Guarantor
Subsidiary Other Progress Energy, Inc.
ASSETS
Utility plant, net $– $8,790 $9,385 $118 $18,293
Current assets
Cash and cash equivalents 88 73 18 1180
Receivables, net –363 502 2867
Notes receivable from affiliated companies 34 44 55 (133) –
Inventory –606 633 –1,239
Regulatory assets –326 207 –533
Derivative collateral posted –335 18 –353
Prepayments and other current assets 48 169 137 (6) 348
Total current assets 170 1,916 1,570 (136) 3,520
Deferred debits and other assets
Investment in consolidated subsidiaries 11,924 – – (11,924) –
Regulatory assets –1,324 1,243 –2,567
Nuclear decommissioning trust funds –417 672 –1,089
Goodwill – – – 3,655 3,655
Other assets and deferred debits 155 196 295 103 749
Total deferred debits and other assets 12,079 1,937 2,210 (8,166) 8,060
Total assets $12,249 $12,643 $13,165 $(8,184) $29,873
CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $8,687 $3,519 $4,301 $(7,820) $8,687
Preferred stock of subsidiaries – not subject to
mandatory redemption –34 59 –93
Minority interest – 3 – 3 6
Long-term debt, affiliate –309 –(37) 272
Long-term debt, net 2,696 4,182 3,509 –10,387
Total capitalization 11,383 8,047 7,869 (7,854) 19,445
Current liabilities
Short-term debt 569 371 110 –1,050
Notes payable to affiliated companies –206 –(206) –
Derivative liabilities 31 380 82 –493
Other current liabilities 220 964 773 (14) 1,943
Total current liabilities 820 1,921 965 (220) 3,486
Deferred credits and other liabilities
Noncurrent income tax liabilities 1118 1,111 (412) 818
Regulatory liabilities –1,076 987 118 2,181
Accrued pension and other benefits 10 540 856 188 1,594
Other liabilities and deferred credits 35 941 1,377 (4) 2,349
Total deferred credits and other liabilities 46 2,675 4,331 (110) 6,942
Total capitalization and liabilities $12,249 $12,643 $13,165 $(8,184) $29,873