 |
| Duke Energy Corporation
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| ASSETS |
|
|
|
|
| Current Assets (Note 2) |
|
|
|
|
| Cash and cash equivalents (Note 8) |
$ |
109.4 |
$ |
166.0 |
| Receivables (Note 8) |
|
2,280.8 |
|
1,888.0 |
| Inventory |
|
440.1 |
|
433.5 |
| Current portion of natural gas transition costs |
|
66.9 |
|
67.9 |
| Current portion of purchased capacity costs |
|
76.2 |
|
51.3 |
| Unrealized gains on mark to market transactions (Note 8) |
|
551.3 |
|
397.2 |
| Other (Note 8) |
|
160.5 |
|
142.1 |
| |
|
| Total current assets |
|
3,685.2 |
|
3,146.0 |
|
|
| Investments and Other Assets |
|
|
|
|
| Investments in affiliates (Notes 9 and 15) |
|
685.9 |
|
502.9 |
| Nuclear decommissioning trust funds (Notes 8 and 12) |
|
471.1 |
|
362.6 |
| Pre-funded pension costs (Note 18) |
|
337.5 |
|
360.6 |
| Goodwill, net (Notes 2, 3 and 7) |
|
503.6 |
|
222.1 |
| Notes receivable |
|
239.6 |
|
63.5 |
| Other |
|
209.9 |
|
108.0 |
| |
|
| Total investments and other assets |
|
2,447.6 |
|
1,619.7 |
|
|
| Property, Plant and Equipment (Notes 2, 6, 10, 11, 12 and 15) |
|
|
|
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| Cost |
|
25,448.1 |
|
24,468.2 |
| Less accumulated depreciation and amortization |
|
9,712.2 |
|
9,199.1 |
| |
|
| Net property, plant and equipment |
|
15,735.9 |
|
15,269.1 |
|
|
| Regulatory Assets and Deferred Debits (Note 2) |
|
|
|
|
| Purchased capacity costs (Note 6) |
|
759.4 |
|
840.7 |
| Debt expense |
|
253.1 |
|
244.0 |
| Regulatory asset related to income taxes |
|
511.0 |
|
493.5 |
| Natural gas transition costs |
|
193.7 |
|
250.0 |
| Environmental clean-up costs |
|
103.6 |
|
153.2 |
| Other |
|
339.3 |
|
350.0 |
| |
|
| Total regulatory assets and deferred debits |
|
2,160.1 |
|
2,331.4 |
|
|
| Total Assets |
$ |
24,028.8 |
$ |
22,366.2 |
|
|
| |
| |
| |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |
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| Current Liabilities |
|
|
|
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| Accounts payable |
$ |
1,358.7 |
$ |
1,286.5 |
| Notes payable and commercial paper (Notes 8 and 11) |
|
169.5 |
|
459.7 |
| Taxes accrued (Note 2) |
|
124.8 |
|
74.8 |
| Interest accrued |
|
111.2 |
|
124.3 |
| Current portion of natural gas transition liabilities (Note 2) |
|
35.0 |
|
84.4 |
| Current portion of environmental clean-up liabilities (Notes 2 and 15) |
|
26.4 |
|
32.4 |
| Current maturities of long-term debt (Note 11) |
|
77.3 |
|
350.6 |
| Unrealized losses on mark to market transactions (Notes 2 and 8) |
|
537.8 |
|
388.5 |
| Other (Note 2) |
|
834.5 |
|
508.3 |
| |
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| Total current liabilities |
|
3,275.2 |
|
3,309.5 |
| |
|
|
|
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| Long-term Debt (Notes 8 and 11) |
|
6,530.0 |
|
5,485.1 |
|
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| Deferred Credits and Other Liabilities (Note 2) |
|
|
|
|
| Deferred income taxes (Note 7) |
|
3,706.5 |
|
3,568.5 |
| Investment tax credit (Note 7) |
|
238.9 |
|
250.1 |
| Nuclear decommissioning costs externally funded (Notes 8 and 12) |
|
471.1 |
|
362.6 |
| Natural gas transition liabilities |
|
78.4 |
|
121.9 |
| Environmental clean-up liabilities (Note 15) |
|
157.6 |
|
188.9 |
| Other |
|
1,035.1 |
|
971.0 |
| |
|
| Total deferred credits and other liabilities |
|
5,687.6 |
|
5,463.0 |
|
|
| Minority Interests (Note 3) |
|
168.3 |
|
83.4 |
|
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| Guaranteed Preferred Beneficial Interests |
|
|
|
|
| in Corporation’s Subordinated Notes (Notes 8 and 13) |
|
339.0 |
|
-- |
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| Preferred and Preference Stock (Notes 8 and 14) |
|
|
|
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| Preferred and preference stock with sinking fund requirements |
|
149.0 |
|
234.0 |
| Preferred and preference stock without sinking fund requirements |
|
340.0 |
|
450.0 |
| |
|
| Total preferred and preference stock |
|
489.0 |
|
684.0 |
|
|
| Commitments and Contingencies (Notes 6, 12 and 15) |
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|
|
|
|
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| Common Stockholders’ Equity (Notes 16 and 17) |
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| Common stock, no par, 500 million shares authorized; 359.8 million and |
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|
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| 359.4 million shares outstanding at December 31, 1997 and 1996, respectively |
|
4,283.7 |
|
4,289.3 |
| Retained earnings |
|
3,256.0 |
|
3,051.9 |
| |
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| Total common stockholders’ equity |
|
7,539.7 |
|
7,341.2 |
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| Total Liabilities and Stockholders’ Equity |
$ |
24,028.8 |
$ |
22,366.2 |
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| See Notes to Consolidated Financial Statements |