TECO ENERGY, Inc. |
CONSOLIDATED BALANCE SHEETS (Unaudited) |
(All significant intercompany transactions have been eliminated in the consolidated financial statements.) |
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September 30, |
(thousands) |
|
2000 |
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1999 |
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ASSETS |
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Current assets |
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|
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Cash and cash equivalents |
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$ 26,395 |
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$ 9,913 |
Short-term investments |
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6 |
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6 |
Receivables, less allowance for uncollectibles |
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371,658 |
|
266,647 |
Inventories, at average cost |
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Fuel |
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79,217 |
|
77,731 |
Materials and supplies |
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70,816 |
|
68,213 |
Prepayments |
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28,070 |
|
15,798 |
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Total current assets |
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576,162 |
|
438,308 |
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Property, plant and equipment |
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Utility plant in service-electric |
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4,447,802 |
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4,032,453 |
Utility plant in service-gas |
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641,448 |
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571,366 |
Construction work in progress |
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233,487 |
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160,273 |
Other property |
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1,041,936 |
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1,027,249 |
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|
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6,364,673 |
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5,791,341 |
Accumulated depreciation |
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(2,547,398) |
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(2,402,048) |
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Total property, plant and equipment, net |
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3,817,275 |
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3,389,293 |
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Other assets |
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Other investments |
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222,999 |
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119,315 |
Investment in unconsolidated affiliates |
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153,176 |
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146,298 |
Deferred income taxes |
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118,471 |
|
104,675 |
Deferred charges and other assets |
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282,004 |
|
155,744 |
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Total other assets |
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776,650 |
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526,032 |
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Total assets |
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$ 5,170,087 |
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$ 4,353,633 |
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LIABILITIES AND CAPITAL |
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Current liabilities |
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Long-term debt due within one year |
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$ 228,648 |
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$ 35,056 |
Notes payable |
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935,900 |
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469,300 |
Accounts payable |
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247,230 |
|
166,692 |
Customer deposits |
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81,529 |
|
79,723 |
Interest accrued |
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38,593 |
|
26,974 |
Taxes accrued |
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141,867 |
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89,945 |
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Total current liabilities |
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1,673,767 |
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867,690 |
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Other liabilities |
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Deferred income taxes |
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438,469 |
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481,998 |
Investment tax credits |
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38,043 |
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42,979 |
Regulatory liability -- tax related |
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9,448 |
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32,826 |
Other deferred credits |
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172,201 |
|
140,089 |
Long-term debt, less amount due within one year |
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1,359,820 |
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1,268,815 |
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Capital |
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Common equity (outstanding 125,895,466 shares in 2000, |
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after deducting 7,043,000 shares in Treasury at a cost of |
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$144.7 million, and 131,463,457 shares in 1999) |
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1,530,167 |
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1,576,437 |
Unearned compensation |
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(51,828) |
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(57,201) |
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Total liabilities and capital |
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$ 5,170,087 |
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$ 4,353,633 |
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Book value per share |
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$ 12.15 |
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$ 11.99 |
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