TECO
ENERGY, Inc. |
CONSOLIDATED
BALANCE SHEETS (Unaudited) |
(All significant
intercompany transactions have been eliminated in the consolidated financial
statements.) |
|
|
|
|
|
|
|
|
December 31, |
|
(thousands) |
|
2001 |
|
2000 |
ASSETS |
|
|
|
|
Current assets |
|
|
|
|
Cash and cash equivalents |
|
$ 120,235 |
|
$ 99,603 |
Short-term investments |
|
6 |
|
6 |
Receivables, less allowance for uncollectibles |
|
348,132 |
|
360,277 |
Note Receivable |
|
92,685 |
|
223,089 |
Inventories, at average cost |
|
|
|
|
Fuel |
|
87,283 |
|
67,309 |
Materials and supplies |
|
83,188 |
|
77,162 |
Current derivative asset |
|
6,194 |
|
- |
Prepayments |
|
38,206 |
|
22,396 |
|
Total current assets |
|
775,929 |
|
849,842 |
|
|
|
|
|
|
Property, plant and equipment |
|
|
|
|
Utility plant in service-electric |
|
4,861,050 |
|
4,523,136 |
Utility plant in service-gas |
|
699,409 |
|
632,138 |
Construction work in progress |
|
897,040 |
|
332,202 |
Other property |
|
1,085,946 |
|
1,072,995 |
|
|
|
7,543,445 |
|
6,560,471 |
Accumulated depreciation |
|
(2,705,201) |
|
(2,590,324) |
|
Total property, plant and equipment, net |
|
4,838,244 |
|
3,970,147 |
|
|
|
|
|
Other assets |
|
|
|
|
Other investments |
|
210,406 |
|
182,918 |
Investment in unconsolidated affiliates |
|
172,889 |
|
195,873 |
Intangible Asset |
|
28,511 |
|
- |
Goodwill |
|
165,784 |
|
- |
Long term derivative asset |
|
2,165 |
|
- |
Deferred income taxes |
|
136,243 |
|
116,331 |
Deferred charges and other assets |
|
285,962 |
|
361,098 |
|
Total other assets |
|
1,001,960 |
|
856,220 |
|
Total assets |
|
$ 6,616,133 |
|
$ 5,676,209 |
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND CAPITAL |
|
|
|
|
Current liabilities |
|
|
|
|
Long-term debt due within one year |
|
$ 788,209 |
|
$ 237,294 |
Notes payable |
|
638,900 |
|
1,208,950 |
Accounts payable |
|
267,361 |
|
274,854 |
Current derivative liability |
|
33,852 |
|
- |
Customer deposits |
|
86,305 |
|
82,398 |
Interest accrued |
|
35,583 |
|
41,870 |
Taxes accrued |
|
71,731 |
|
54,456 |
|
Total current liabilities |
|
1,921,941 |
|
1,899,822 |
|
|
|
|
|
Other liabilities |
|
|
|
|
Deferred income taxes |
|
392,884 |
|
445,242 |
Investment tax credits |
|
32,311 |
|
36,907 |
Regulatory liability -- tax related |
|
1,746 |
|
10,048 |
Long term derivative liability |
|
3,495 |
|
- |
Other deferred credits |
|
249,113 |
|
202,742 |
Long-term debt, less amount due within one year |
|
1,843,066 |
|
1,374,591 |
Preferred Company Securities |
|
200,000 |
|
200,000 |
Capital |
|
|
|
|
Common equity (outstanding 139,636,726 shares in 2001 |
|
|
|
|
and 126,334,403 shares in 2000) |
|
2,015,926 |
|
1,559,506 |
Unearned compensation |
|
(44,349) |
|
(52,649) |
|
Total liabilities and capital |
|
$ 6,616,133 |
|
$ 5,676,209 |
|
|
|
|
|
|
Book value per share |
|
$ 14.44 |
|
$ 12.34 |
|