CINERGY CORP. CONSOLIDATED BALANCE SHEETS (unaudited) (in thousands) |
| Schedule 2 |
| ||||
|
| September 30 |
| December 31 |
| ||
|
| 2005 |
| 2004 |
| ||
|
|
|
|
|
| ||
ASSETS |
|
|
|
|
| ||
Current Assets |
|
|
|
|
| ||
Cash and cash equivalents |
| $ | 165,831 |
| $ | 164,541 |
|
Notes receivable, current |
| 81,622 |
| 214,513 |
| ||
Accounts receivable less accumulated provision for doubtful accounts of $4,489 at September 30, 2005, and $5,514 at December 31, 2004 |
| 1,482,068 |
| 1,061,140 |
| ||
Fuel, emission allowances, and supplies |
| 607,925 |
| 444,750 |
| ||
Prepayments and other |
| 567,113 |
| 174,624 |
| ||
Energy risk management current assets |
| 1,260,255 |
| 381,146 |
| ||
Total current assets |
| 4,164,814 |
| 2,440,714 |
| ||
|
|
|
|
|
| ||
Property, Plant, and Equipment - at Cost |
|
|
|
|
| ||
Utility plant in service |
| 10,642,931 |
| 10,076,468 |
| ||
Construction work in progress |
| 398,130 |
| 333,687 |
| ||
Total utility plant |
| 11,041,061 |
| 10,410,155 |
| ||
Non-regulated property, plant, and equipment |
| 4,853,947 |
| 4,700,009 |
| ||
Accumulated depreciation |
| 5,447,931 |
| 5,180,699 |
| ||
Net property, plant, and equipment |
| 10,447,077 |
| 9,929,465 |
| ||
|
|
|
|
|
| ||
Other Assets |
|
|
|
|
| ||
Regulatory assets |
| 1,021,277 |
| 1,030,333 |
| ||
Investments in unconsolidated subsidiaries |
| 486,795 |
| 513,675 |
| ||
Energy risk management non-current assets |
| 397,471 |
| 138,787 |
| ||
Notes receivable, non-current |
| 177,127 |
| 193,857 |
| ||
Other investments |
| 128,581 |
| 125,367 |
| ||
Goodwill and intangible assets |
| 152,342 |
| 132,752 |
| ||
Restricted funds held in trust |
| 277,400 |
| 358,006 |
| ||
Other |
| 213,323 |
| 119,361 |
| ||
Total other assets |
| 2,854,316 |
| 2,612,138 |
| ||
|
|
|
|
|
| ||
Total Assets |
| $ | 17,466,207 |
| $ | 14,982,317 |
|
|
|
|
|
|
| ||
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
| ||
Current Liabilities |
|
|
|
|
| ||
Accounts payable |
| $ | 2,142,077 |
| $ | 1,348,576 |
|
Accrued taxes |
| 266,459 |
| 216,804 |
| ||
Accrued interest |
| 69,504 |
| 54,473 |
| ||
Notes payable and other short-term obligations |
| 1,198,670 |
| 958,910 |
| ||
Long-term debt due within one year |
| 349,012 |
| 219,967 |
| ||
Energy risk management current liabilities |
| 1,419,332 |
| 310,741 |
| ||
Other |
| 141,448 |
| 171,188 |
| ||
Total current liabilities |
| 5,586,502 |
| 3,280,659 |
| ||
|
|
|
|
|
| ||
Non-current Liabilities |
|
|
|
|
| ||
Long-term debt |
| 4,022,076 |
| 4,227,741 |
| ||
Deferred income taxes |
| 1,445,371 |
| 1,597,120 |
| ||
Unamortized investment tax credits |
| 93,070 |
| 99,723 |
| ||
Accrued pension and other postretirement benefit costs |
| 652,409 |
| 688,277 |
| ||
Regulatory liabilities |
| 578,520 |
| 557,419 |
| ||
Energy risk management non-current liabilities |
| 420,326 |
| 127,340 |
| ||
Other |
| 195,230 |
| 225,298 |
| ||
Total non-current liabilities |
| 7,407,002 |
| 7,522,918 |
| ||
|
|
|
|
|
| ||
Total Liabilities |
| 12,993,504 |
| 10,803,577 |
| ||
|
|
|
|
|
| ||
Cumulative Preferred Stock of Subsidiaries |
|
|
|
|
| ||
Not subject to mandatory redemption |
| 31,743 |
| 62,818 |
| ||
|
|
|
|
|
| ||
Common Stock Equity |
|
|
|
|
| ||
Common stock - $0.01 par value; authorized shares - 600,000,000; issued shares - 199,280,386 at September 30, 2005 and 187,653,506 at December 31, 2004; outstanding shares - 199,139,968 at September 30, 2005 and 187,524,229 at December 31, 2004 |
| 1,993 |
| 1,877 |
| ||
Treasury shares at cost - 140,418 at September 30, 2005, and 129,277 shares at December 31, 2004 |
| (4,776 | ) | (4,336 | ) | ||
Paid-in capital |
| 2,969,103 |
| 2,559,715 |
| ||
Retained earnings |
| 1,534,752 |
| 1,613,340 |
| ||
Accumulated other comprehensive income (loss) |
| (60,112 | ) | (54,674 | ) | ||
Total common stock equity |
| 4,440,960 |
| 4,115,922 |
| ||
|
|
|
|
|
| ||
Total Liabilities and Equity |
| $ | 17,466,207 |
| $ | 14,982,317 |
|
Note: Prior year data has been reclassified to conform with current year presentation.