| TECO ENERGY, Inc. |
| CONSOLIDATED BALANCE SHEETS (Unaudited) |
| (All significant intercompany transactions have been eliminated in the consolidated financial statements.) |
| |
|
|
|
|
|
| |
|
September 30, |
|
| (thousands) |
|
2002 |
|
2001 |
| ASSETS |
|
|
|
|
| Current assets |
|
|
|
|
| Cash and cash equivalents |
|
$ 187,446 |
|
$ 76,146 |
| Restricted cash |
|
1,625 |
|
$ 1,640 |
| Short-term investments |
|
6 |
|
6 |
| Receivables, less allowance for uncollectibles |
|
449,505 |
|
370,643 |
| Note Receivable |
|
136,966 |
|
- |
| Inventories, at average cost |
|
|
|
|
| Fuel |
|
112,395 |
|
95,416 |
| Materials and supplies |
|
92,562 |
|
85,298 |
| Current derivative asset |
|
8,981 |
|
- |
| Prepayments |
|
29,399 |
|
32,135 |
|
| Total current assets |
|
1,018,885 |
|
661,284 |
|
| |
|
|
|
|
| Property, plant and equipment |
|
|
|
|
| Utility plant in service-electric |
|
4,731,555 |
|
4,539,213 |
| Utility plant in service-gas |
|
731,066 |
|
657,780 |
| Construction work in progress |
|
1,404,271 |
|
774,556 |
| Other property |
|
892,724 |
|
891,499 |
|
| |
|
7,759,616 |
|
6,863,048 |
| Accumulated depreciation |
|
(2,684,673) |
|
(2,533,358) |
|
| |
|
5,074,943 |
|
4,329,690 |
| Assets held for sale, net |
|
317,011 |
|
337,234 |
| Total property, plant and equipment, net |
|
5,391,954 |
|
4,666,924 |
| |
|
|
|
|
| Other assets |
|
|
|
|
| Other investments |
|
674,079 |
|
188,227 |
| Investment in unconsolidated affiliates |
|
168,480 |
|
180,565 |
| Intangible Asset |
|
10,534 |
|
- |
| Goodwill |
|
192,287 |
|
- |
| Long term derivative asset |
|
356 |
|
- |
| Regulatory Asset |
|
157,118 |
|
207,861 |
| Deferred income taxes |
|
301,269 |
|
121,818 |
| Deferred charges and other assets |
|
144,959 |
|
291,797 |
|
| Total other assets |
|
1,649,082 |
|
990,268 |
|
| Total assets |
|
$ 8,059,921 |
|
$ 6,318,476 |
|
| |
|
|
|
|
| |
|
|
|
|
| LIABILITIES AND CAPITAL |
|
|
|
|
| Current liabilities |
|
|
|
|
| Long-term debt due within one year |
|
$ 338,438 |
|
$ 477,912 |
| Notes payable |
|
230,818 |
|
401,600 |
| Accounts payable |
|
314,192 |
|
215,010 |
| Current derivative liability |
|
3,469 |
|
- |
| Customer deposits |
|
93,189 |
|
85,087 |
| Interest accrued |
|
79,599 |
|
58,137 |
| Taxes accrued |
|
101,899 |
|
122,032 |
|
| Total current liabilities |
|
1,161,604 |
|
1,359,778 |
| |
|
|
|
|
| Other liabilities |
|
|
|
|
| Deferred income taxes |
|
505,880 |
|
425,550 |
| Investment tax credits |
|
28,927 |
|
33,568 |
| Regulatory liability |
|
101,096 |
|
109,203 |
| Long-term derivative liability |
|
138 |
|
- |
| Other deferred credits |
|
236,127 |
|
155,832 |
| Long-term debt, less amount due within one year |
|
2,955,759 |
|
2,159,960 |
| Preferred Company Securities |
|
649,125 |
|
200,000 |
| Capital |
|
|
|
|
| Common equity (outstanding 156,205,077 shares in 2002 |
|
|
|
|
| and 136,035,862 shares in 2001) |
|
2,457,833 |
|
1,922,481 |
| Unearned compensation |
|
(36,568) |
|
(47,896) |
|
| Total liabilities and capital |
|
$ 8,059,921 |
|
$ 6,318,476 |
|
| |
|
|
|
|
| Book value per share |
|
$ 15.73 |
|
$ 14.13 |
|