TECO ENERGY, Inc. |
CONSOLIDATED BALANCE SHEETS (Unaudited) |
(All significant intercompany transactions have been eliminated in the consolidated financial statements.) |
|
|
|
|
|
|
|
|
June 30, |
|
(thousands) |
|
2002 |
|
2001 |
ASSETS |
|
|
|
|
Current assets |
|
|
|
|
Cash and cash equivalents |
|
$ 140,133 |
|
$ 71,893 |
Restricted cash |
|
147,893 |
|
1,655 |
Short-term investments |
|
6 |
|
6 |
Receivables, less allowance for uncollectibles |
|
415,259 |
|
352,723 |
Note Receivable |
|
136,966 |
|
- |
Inventories, at average cost |
|
|
|
|
Fuel |
|
120,053 |
|
107,749 |
Materials and supplies |
|
83,592 |
|
81,491 |
Current derivative asset |
|
6,293 |
|
- |
Prepayments |
|
31,646 |
|
21,783 |
|
Total current assets |
|
1,081,841 |
|
637,300 |
|
|
|
|
|
|
Property, plant and equipment |
|
|
|
|
Utility plant in service-electric |
|
4,995,009 |
|
4,775,643 |
Utility plant in service-gas |
|
716,929 |
|
649,558 |
Construction work in progress |
|
1,260,185 |
|
576,858 |
Other property |
|
1,099,193 |
|
1,097,308 |
|
|
|
8,071,316 |
|
7,099,367 |
Accumulated depreciation |
|
(2,814,475) |
|
(2,658,034) |
|
Total property, plant and equipment, net |
|
5,256,841 |
|
4,441,333 |
|
|
|
|
|
Other assets |
|
|
|
|
Other investments |
|
485,726 |
|
190,420 |
Investment in unconsolidated affiliates |
|
172,576 |
|
155,455 |
Intangible Asset |
|
16,378 |
|
- |
Goodwill |
|
193,278 |
|
- |
Long term derivative asset |
|
2,011 |
|
- |
Regulatory Asset |
|
141,002 |
|
198,231 |
Deferred income taxes |
|
284,356 |
|
123,306 |
Deferred charges and other assets |
|
140,444 |
|
310,585 |
|
Total other assets |
|
1,435,771 |
|
977,997 |
|
Total assets |
|
$ 7,774,453 |
|
$ 6,056,630 |
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|
|
|
|
|
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|
LIABILITIES AND CAPITAL |
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|
|
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Current liabilities |
|
|
|
|
Long-term debt due within one year |
|
$ 635,382 |
|
$ 626,892 |
Notes payable |
|
281,200 |
|
220,900 |
Accounts payable |
|
316,229 |
|
231,175 |
Current derivative liability |
|
7,145 |
|
- |
Customer deposits |
|
89,293 |
|
83,868 |
Interest accrued |
|
47,413 |
|
37,880 |
Taxes accrued |
|
116,950 |
|
104,790 |
|
Total current liabilities |
|
1,493,612 |
|
1,305,505 |
|
|
|
|
|
Other liabilities |
|
|
|
|
Deferred income taxes |
|
484,792 |
|
423,761 |
Investment tax credits |
|
30,056 |
|
34,803 |
Regulatory liability |
|
101,333 |
|
109,353 |
Long term derivative liability |
|
1,482 |
|
- |
Other deferred credits |
|
233,971 |
|
150,696 |
Long-term debt, less amount due within one year |
|
2,423,049 |
|
2,016,525 |
Preferred Company Securities |
|
649,125 |
|
200,000 |
Capital |
|
|
|
|
Common equity (outstanding 156,060,419 shares in 2002 |
|
|
|
|
and 135,921,394 shares in 2001) |
|
2,400,123 |
|
1,868,086 |
Unearned compensation |
|
(43,090) |
|
(52,099) |
|
Total liabilities and capital |
|
$ 7,774,453 |
|
$ 6,056,630 |
|
|
|
|
|
|
Book value per share |
|
$ 15.38 |
|
$ 13.74 |
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