| Duke Energy Corporation |
|
December 31, |
 |
| (In millions) |
|
1998 |
|
1997 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts payable |
$ |
1,754 |
$ |
1,670 |
| Notes payable and commercial paper (Notes 7 and 10) |
|
209 |
|
170 |
| Taxes accrued (Note 1) |
|
119 |
|
125 |
| Interest accrued |
|
109 |
|
111 |
| Current maturities of long-term and preferred stock (Notes 10 and 13) |
|
707 |
|
77 |
| Unrealized losses on mark to market transactions (Note 1 and 7) |
|
1,387 |
|
538 |
| Other (Notes 1 and 14) |
|
642 |
|
584 |
| |
|
| Total current liabilities |
|
4,927 |
|
3,275 |
|
| Long-term Debt (Notes 7 and 10) |
|
6,272 |
|
6,530 |
|
| Deferred Credits and Other Liabilities (Note 1) |
|
|
|
|
| Deferred income taxes (Note 6) |
|
3,733 |
|
3,707 |
| Investment tax credit (Note 6) |
|
242 |
|
257 |
| Nuclear decommissioning costs externally funded (Notes 7 and 11) |
|
580 |
|
471 |
| Natural gas transition liabilities (Note 4) |
|
4 |
|
78 |
| Environment clean-up liabilities (Note 14) |
|
148 |
|
158 |
| Unrealized losses on mark to market transactions (Note 7) |
|
362 |
|
50 |
| Other |
|
903 |
|
967 |
| |
|
| Total deferred credits and other liabilities |
|
5,972 |
|
5,688 |
|
| Minority Interests (Note 2) |
|
253 |
|
168 |
|
| Guaranteed Preferred Beneficial Interests in Subordinated |
|
|
|
|
| Notes of Duke Energy Corporation or Subsidiaries (Notes 7 and 12) |
|
919 |
|
339 |
|
| Preferred and Preference Stock (Notes 7 and 13) |
|
|
|
|
| Preferred and preference stock with sinking fund requirements |
|
104 |
|
149 |
| Preferred and preference stock without sinking fund requirements |
|
209 |
|
340 |
| |
|
| Total preferred and preference stock |
|
313 |
|
489 |
|
| Commitments and Contingencies (Notes 5, 11 and 14) |
|
|
|
|
|
| Common Stockholders' Equity (Notes 15 and 16) |
|
|
|
|
| Common stock, no par, 500 million shares authorized; 363.0 million and |
|
|
|
|
| 359.8 million share outstanding at December 31, 1998 and 1997, |
|
|
|
|
| respectively |
|
4,449 |
|
4,284 |
| Retained earnings |
|
3,701 |
|
3,256 |
| |
|
| Total common stockholders' equity |
|
8,150 |
|
7,540 |
|
| Total Liabilities and Stockholders' Equity |
$ |
26,806 |
$ |
24,029 |
 |
| See Notes to Consolidated Financial Statements |
