Xcel Energy 2006 Annual Report Download - page 79

See Notes to Consolidated Financial Statements.
69
XCEL ENERGY INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(thousands of dollars)
Dec. 31
2006 2005
Assets
Current assets:
Cash and cash equivalents .......................................................... $ 37,458 $ 72,196
Accounts receivable — net of allowance for bad debts: $36,689 and $39,798, respectively ..... 833,293 1,011,569
Accrued unbilled revenues .......................................................... 514,300 614,016
Materials and supplies inventories — at average cost.................................... 158,721 159,560
Fuel inventory — at average cost .................................................... 95,651 64,987
Natural gas inventories — at average cost ............................................. 251,818 310,610
Recoverable purchased natural gas and electric energy costs.............................. 258,600 395,070
Derivative instruments valuation..................................................... 101,562 213,138
Prepayments and other............................................................. 205,743 99,904
Current assets held for sale and related to discontinued operations ......................... 177,040 200,811
Total current assets.............................................................. 2,634,186 3,141,861
Property, plant and equipment, at cost:
Electric utility plant ............................................................... 19,367,671 18,870,516
Natural gas utility plant ............................................................ 2,846,435 2,779,043
Common utility and other property ................................................... 1,439,020 1,518,266
Construction work in progress....................................................... 1,425,484 783,490
Total property, plant and equipment ................................................ 25,078,610 23,951,315
Less accumulated depreciation ...................................................... (9,670,104) (9,357,414)
Nuclear fuel — net of accumulated amortization: $1,237,917 and $1,190,386, respectively..... 140,152 102,409
Net property, plant and equipment.................................................. 15,548,658 14,696,310
Other assets:
Nuclear decommissioning fund and other investments................................... 1,279,573 1,145,659
Regulatory assets.................................................................. 1,189,145 820,007
Derivative instruments valuation..................................................... 437,520 451,937
Prepaid pension asset.............................................................. 586,712 683,649
Other ........................................................................... 135,746 164,212
Noncurrent assets held for sale and related to discontinued operations...................... 146,806 401,285
Total other assets................................................................ 3,775,502 3,666,749
Total assets................................................................... $21,958,346 $21,504,920
Liabilities and Equity
Current liabilities:
Current portion of long-term debt.................................................... $ 336,411 $ 835,495
Short-term debt................................................................... 626,300 746,120
Accounts payable ................................................................. 1,101,270 1,187,489
Taxes accrued.................................................................... 252,384 235,056
Dividends payable................................................................. 91,685 87,788
Derivative instruments valuation..................................................... 83,944 191,414
Other ........................................................................... 347,809 345,807
Current liabilities held for sale and related to discontinued operations ...................... 25,478 43,657
Total current liabilities ........................................................... 2,865,281 3,672,826
Deferred credits and other liabilities:
Deferred income taxes ............................................................. 2,256,599 2,191,794
Deferred investment tax credits...................................................... 121,594 131,400
Regulatory liabilities............................................................... 1,364,657 1,567,424
Asset retirement obligations......................................................... 1,361,951 1,292,006
Derivative instruments valuation..................................................... 483,077 499,390
Customer advances................................................................ 302,168 310,092
Pension and employee benefit obligations ............................................. 704,913 326,793
Other liabilities ................................................................... 119,633 104,688
Noncurrent liabilities held for sale and related to discontinued operations ................... 5,473 6,936
Total deferred credits and other liabilities ............................................ 6,720,065 6,430,523
Minority interest in subsidiaries ....................................................... 1,560 3,547
Commitments and contingent liabilities (see Note 14)
Capitalization (see Statements of Capitalization):
Long-term debt................................................................... 6,449,638 5,897,789
Preferred stockholders’ equity....................................................... 104,980 104,980
Common stockholders’ equity....................................................... 5,816,822 5,395,255
Total liabilities and equity ........................................................ $21,958,346 $21,504,920