Progress Energy 2010 Annual Report Download - page 122
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118
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2009
(in millions) Parent Subsidiary
Guarantor Non-Guarantor
Subsidiaries Other Progress
Energy, Inc.
ASSETS
Utility plant, net $– $9,733 $9,886 $114 $19,733
Current assets
Cash and cash equivalents 606 72 47 – 725
Receivables, net – 358 442 – 800
Notes receivable from affiliated companies 30 46 303 (379) –
Regulatory assets – 54 88 – 142
Derivative collateral posted – 139 7 – 146
Income taxes receivable 5 97 50 (7) 145
Prepayments and other current assets 14 800 935 (176) 1,573
Total current assets 655 1,566 1,872 (562) 3,531
Deferred debits and other assets
Investment in consolidated subsidiaries 13,348 – – (13,348) –
Regulatory assets – 1,307 873 (1) 2,179
Goodwill – – – 3,655 3,655
Nuclear decommissioning trust funds – 496 871 – 1,367
Other assets and deferred debits 166 202 923 (520) 771
Total deferred debits and other assets 13,514 2,005 2,667 (10,214) 7,972
Total assets $14,169 $13,304 $14,425 $(10,662) $31,236
CAPITALIZATION AND LIABILITIES
Equity
Common stock equity $9,449 $4,590 $5,085 $(9,675) $9,449
Noncontrolling interests – 3 3 – 6
Total equity 9,449 4,593 5,088 (9,675) 9,455
Preferred stock of subsidiaries – 34 59 – 93
Long-term debt, affiliate – 309 115 (152) 272
Long-term debt, net 4,193 3,883 3,703 – 11,779
Total capitalization 13,642 8,819 8,965 (9,827) 21,599
Current liabilities
Current portion of long-term debt 100 300 6 – 406
Short-term debt 140 – – – 140
Notes payable to affiliated companies – 376 3 (379) –
Derivative liabilities – 161 29 – 190
Other current liabilities 261 941 902 (182) 1,922
Total current liabilities 501 1,778 940 (561) 2,658
Deferred credits and other liabilities
Noncurrent income tax liabilities – 320 1,258 (382) 1,196
Regulatory liabilities – 1,103 1,293 114 2,510
Other liabilities and deferred credits 26 1,284 1,969 (6) 3,273
Total deferred credits and other liabilities 26 2,707 4,520 (274) 6,979
Total capitalization and liabilities $14,169 $13,304 $14,425 $(10,662) $31,236