| TECO
ENERGY, Inc. |
| CONSOLIDATED BALANCE SHEETS (Unaudited) |
(All
significant intercompany transactions have been eliminated in the
consolidated financial statements.)
|
| |
|
|
|
|
| |
|
June
30, |
(thousands)
|
|
2000
|
|
1999
|
| ASSETS |
|
|
|
|
| Current
assets |
|
|
|
|
| Cash and cash
equivalents |
|
$ 27,703 |
|
$ 19,413 |
| Short-term
investments |
|
6 |
|
6 |
| Receivables, less
allowance for uncollectibles |
|
302,928 |
|
232,980 |
| Inventories, at average
cost |
|
|
|
|
| .....Fuel |
|
114,376 |
|
109,644 |
| .....Materials and
supplies |
|
70,037 |
|
66,582 |
Prepayments
|
|
27,935
|
|
17,439
|
.....Total current
assets
|
|
542,985
|
|
446,064
|
| |
|
|
|
|
| Property, plant and
equipment |
|
|
|
|
| Utility plant in
service-electric |
|
4,363,232 |
|
4,029,361 |
| Utility plant in
service-gas |
|
624,788 |
|
555,908 |
| Construction work in
progress |
|
252,472 |
|
125,911 |
Other property
|
|
1,098,809
|
|
1,020,064
|
| |
|
6,339,301 |
|
5,731,244 |
Accumulated
depreciation
|
|
(2,519,749)
|
|
(2,370,678)
|
.....Total property,
plant and equipment, net
|
|
3,819,552
|
|
3,360,566
|
| |
|
|
|
|
| Other
assets |
|
|
|
|
| Other
investments |
|
135,943 |
|
126,718 |
| Investment in
unconsolidated affiliates |
|
108,347 |
|
142,434 |
| Deferred income
taxes |
|
111,212 |
|
103,277 |
Deferred charges and
other assets
|
|
214,901
|
|
148,972
|
.....Total other assets
|
|
570,403
|
|
521,401
|
.....Total assets
|
|
$ 4,932,940
|
|
$ 4,328,031
|
| |
|
|
|
|
| |
|
|
|
|
| LIABILITIES AND
CAPITAL |
|
|
|
|
| Current
liabilities |
|
|
|
|
| Long-term debt due
within one year |
|
$ 27,060 |
|
$ 35,182 |
| Notes payable |
|
1,166,400 |
|
449,100 |
| Accounts
payable |
|
200,823 |
|
153,248 |
| Customer
deposits |
|
81,393 |
|
79,185 |
| Interest
accrued |
|
24,735 |
|
19,446 |
Taxes accrued
|
|
72,382
|
|
68,743
|
| .....Total current
liabilities |
|
1,572,793 |
|
804,904 |
| |
|
|
|
|
| Other
liabilities |
|
|
|
|
| Deferred income
taxes |
|
509,882 |
|
490,383 |
| Investment tax
credits |
|
39,273 |
|
44,222 |
| Regulatory liability --
tax related |
|
10,691 |
|
33,356 |
| Other deferred
credits |
|
159,135 |
|
149,337 |
| Long-term debt, less
amount due within one year |
|
1,214,529 |
|
1,275,276 |
| |
|
|
|
|
| Capital |
|
|
|
|
| Common
equity (outstanding 125,503,844 shares in 2000, |
|
|
|
|
| .....after
deducting 7,043,000 shares in Treasury at a cost of |
|
|
|
|
| .....$144.7
million, and 132,082,039 shares in 1999) |
|
1,480,439 |
|
1,590,091 |
Unearned compensation
|
|
(53,802)
|
|
(59,538)
|
.....Total liabilities
and capital
|
|
$ 4,932,940
|
|
$ 4,328,031
|
| |
|
|
|
|
Book value per share
|
|
$ 11.80
|
|
$ 12.04
|