TECO
ENERGY, Inc. |
CONSOLIDATED
BALANCE SHEETS (Unaudited) |
(All significant
intercompany transactions have been eliminated in the consolidated financial
statements.) |
|
|
|
|
|
|
|
|
March 31, |
|
(thousands) |
|
2002 |
|
2001 |
ASSETS |
|
|
|
|
Current assets |
|
|
|
|
Cash and cash equivalents |
|
$ 82,832 |
|
$ 56,778 |
Restricted cash |
|
1,631 |
|
1,672 |
Short-term investments |
|
6 |
|
6 |
Receivables, less allowance for uncollectibles |
|
366,935 |
|
346,357 |
Note Receivable |
|
136,966 |
|
28,017 |
Inventories, at average cost |
|
|
|
|
Fuel |
|
112,704 |
|
81,348 |
Materials and supplies |
|
83,373 |
|
75,222 |
Current derivative asset |
|
4,527 |
|
- |
Prepayments |
|
29,507 |
|
14,129 |
|
Total current assets |
|
818,481 |
|
603,529 |
|
|
|
|
|
|
Property, plant and equipment |
|
|
|
|
Utility plant in service-electric |
|
4,903,480 |
|
4,707,571 |
Utility plant in service-gas |
|
705,229 |
|
639,060 |
Construction work in progress |
|
1,128,281 |
|
477,850 |
Other property |
|
1,096,375 |
|
1,086,835 |
|
|
|
7,833,365 |
|
6,911,316 |
Accumulated depreciation |
|
(2,760,487) |
|
(2,613,335) |
|
Total property, plant and equipment, net |
|
5,072,878 |
|
4,297,981 |
|
|
|
|
|
Other assets |
|
|
|
|
Other investments |
|
374,474 |
|
194,249 |
Investment in unconsolidated affiliates |
|
182,561 |
|
186,962 |
Intangible Asset |
|
12,280 |
|
- |
Goodwill |
|
167,216 |
|
- |
Long term derivative asset |
|
1,152 |
|
- |
Regulatory Tax Asset |
|
43,219 |
|
39,768 |
Deferred income taxes |
|
241,884 |
|
117,903 |
Deferred charges and other assets |
|
300,843 |
|
455,331 |
|
Total other assets |
|
1,323,629 |
|
994,213 |
|
Total assets |
|
$ 7,214,988 |
|
$ 5,895,723 |
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND CAPITAL |
|
|
|
|
Current liabilities |
|
|
|
|
Long-term debt due within one year |
|
$ 813,730 |
|
$ 226,837 |
Notes payable |
|
545,300 |
|
1,150,300 |
Accounts payable |
|
311,421 |
|
239,773 |
Current derivative liability |
|
5,014 |
|
- |
Customer deposits |
|
87,574 |
|
83,375 |
Interest accrued |
|
65,308 |
|
50,364 |
Taxes accrued |
|
84,700 |
|
60,949 |
|
Total current liabilities |
|
1,913,047 |
|
1,811,598 |
|
|
|
|
|
Other liabilities |
|
|
|
|
Deferred income taxes |
|
487,087 |
|
449,410 |
Investment tax credits |
|
31,183 |
|
35,742 |
Regulatory liability -- tax related |
|
41,453 |
|
48,440 |
Long term derivative liability |
|
1,082 |
|
- |
Other deferred credits |
|
317,542 |
|
201,600 |
Long-term debt, less amount due within one year |
|
1,808,278 |
|
1,373,652 |
Preferred Company Securities |
|
649,125 |
|
200,000 |
Capital |
|
|
|
|
Common equity (outstanding 139,831,589 shares in 2002 |
|
|
|
|
and 135,185,402 shares in 2001) |
|
2,007,373 |
|
1,824,286 |
Unearned compensation |
|
(41,182) |
|
(49,005) |
|
Total liabilities and capital |
|
$ 7,214,988 |
|
$ 5,895,723 |
|
|
|
|
|
|
Book value per share |
|
$ 14.36 |
|
$ 13.49 |
|
|
|
|
|
|