Annual Balance Sheet

Time Frame: Annual | Quarterly

Period Ended 12/31/16 12/31/15 12/31/14 12/31/13 12/31/12
  Update Restated Restated Update Update
  10/31/17 10/31/17 10/31/17 10/31/17 02/12/17
In millions of USD (except for per share items)
Cash & Equivalents 96.00 161.00 132.00 146.00 63.00
Short Term Investments -- -- -- -- 107.00
Cash and Short Term Investments 96.00 161.00 132.00 146.00 170.00
Accounts Receivable - Trade, Gross 776.00 833.00 858.00 904.00 837.00
Provision for Doubtful Accounts -62.00 -62.00 -68.00 -66.00 -75.00
Accounts Receivable - Trade, Net 714.00 771.00 790.00 838.00 762.00
Total Receivables, Net 714.00 771.00 790.00 838.00 762.00
Inventories - Raw Materials -- -- -- -- 319.00
Fuel - Inventory -- -- -- -- 21.00
Total Inventory 239.00 267.00 281.00 256.00 340.00
Prepaid Expenses -- -- -- -- 22.00
Deferred Income Tax - Current Asset -- -- -- 421.00 --
Unbilled Utility Revenues 370.00 565.00 632.00 596.00 550.00
Discountinued Operations - Current Asset -- -- -- -- 0.00
Other Current Assets 704.00 890.00 1,732.00 1,055.00 828.00
Other Current Assets, Total 1,074.00 1,455.00 2,364.00 2,072.00 1,378.00
Total Current Assets 2,123.00 2,654.00 3,567.00 3,312.00 2,672.00
Other Property/Plant/Equipment - Gross 293.00 225.00 198.00 150.00 196.00
Property/Plant/Equipment, Total - Gross 293.00 225.00 198.00 150.00 196.00
Accumulated Depreciation, Total -99.00 -85.00 -76.00 -74.00 -123.00
Property/Plant/Equipment, Total - Net 194.00 140.00 122.00 76.00 73.00
Utility Plant - Gross 42,890.00 40,144.00 37,521.00 34,521.00 32,744.00
Utility Plant Accumulated Depreciation -9,000.00 -8,548.00 -8,132.00 -7,493.00 -7,424.00
Utility Plant, Net 36,806.00 34,945.00 32,859.00 30,379.00 30,200.00
Total Utility Plant, Net 36,806.00 34,945.00 32,859.00 30,379.00 30,200.00
LT Investment - Affiliate Companies -- -- -- -- 2.00
LT Investments - Other 4,325.00 4,534.00 5,006.00 4,701.00 4,232.00
Long Term Investments 4,325.00 4,534.00 5,006.00 4,701.00 4,234.00
Deferred Charges -- -- -- 47.00 30.00
Discontinued Operations - LT Asset -- -- -- -- 0.00
Restricted Cash - Long Term -- -- -- -- 4.00
Other Long Term Assets 7,871.00 7,956.00 8,180.00 8,131.00 7,181.00
Other Long Term Assets, Total 7,871.00 7,956.00 8,180.00 8,178.00 7,215.00
Total Assets 51,319.00 50,229.00 49,734.00 46,646.00 44,394.00
Accounts Payable 1,342.00 1,310.00 1,580.00 1,407.00 1,423.00
Accrued Expenses -- -- -- -- 176.00
Notes Payable/Short Term Debt 1,307.00 695.00 1,291.00 209.00 175.00
Current Port. of LT Debt/Capital Leases 981.00 295.00 504.00 601.00 --
Customer Advances 269.00 242.00 221.00 201.00 193.00
Income Taxes Payable 50.00 72.00 81.00 358.00 61.00
Deferred Income Tax - Current Liability -- -- -- 0.00 64.00
Discontinued Operations - Curr Liability -- -- -- -- 0.00
Other Current Liabilities 1,963.00 2,313.00 1,802.00 2,105.00 1,652.00
Other Current liabilities, Total 2,282.00 2,627.00 2,104.00 2,664.00 1,970.00
Total Current Liabilities 5,912.00 4,927.00 5,479.00 4,881.00 3,744.00
Long Term Debt 10,175.00 10,883.00 10,234.00 9,825.00 9,231.00
Total Long Term Debt 10,175.00 10,883.00 10,234.00 9,825.00 9,231.00
Total Debt 12,463.00 11,873.00 12,029.00 10,635.00 9,406.00
Deferred Income Tax - LT Liability 8,327.00 7,480.00 6,861.00 7,346.00 6,127.00
Deferred Investment Tax Credit -- -- -- -- 104.00
Deferred Income Tax 8,327.00 7,480.00 6,861.00 7,346.00 6,231.00
Minority Interest 5.00 6.00 6.00 -- 0.00
Reserves 2,590.00 2,764.00 2,821.00 3,418.00 2,782.00
Pension Benefits - Underfunded 1,354.00 1,759.00 2,155.00 1,378.00 2,614.00
Other Long Term Liabilities 8,769.00 9,022.00 9,196.00 8,107.00 8,601.00
Discontinued Operations - Liabilities -- -- -- -- 0.00
Other Liabilities, Total 12,713.00 13,545.00 14,172.00 12,903.00 13,997.00
Total Liabilities 37,132.00 36,841.00 36,752.00 34,955.00 33,203.00
Redeemable Preferred Stock 2,191.00 2,020.00 2,022.00 1,753.00 1,759.00
Redeemable Preferred Stock, Total 2,191.00 2,020.00 2,022.00 1,753.00 1,759.00
Common Stock 2,505.00 2,484.00 2,445.00 2,403.00 2,373.00
Common Stock, Total 2,505.00 2,484.00 2,445.00 2,403.00 2,373.00
Retained Earnings (Accumulated Deficit) 9,544.00 8,940.00 8,573.00 7,548.00 7,146.00
Unrealized Gain (Loss) -- -- -- -- 0.00
Minimum Pension Liability Adjustment -- -- -- -- -87.00
Other Comprehensive Income -53.00 -56.00 -58.00 -13.00 --
Other Equity, Total -53.00 -56.00 -58.00 -13.00 -87.00
Total Equity 14,187.00 13,388.00 12,982.00 11,691.00 11,191.00
Total Liabilities & Shareholders' Equity 51,319.00 50,229.00 49,734.00 46,646.00 44,394.00
Shares Outs - Common Stock Primary Issue 325.81 325.81 325.81 325.81 325.81
Total Common Shares Outstanding 325.81 325.81 325.81 325.81 325.81
Treas Shares - Common Stock Prmry Issue 0.00 0.00 0.00 0.00 0.00
Full-Time Employees 12,390.00 12,768.00 13,690.00 13,677.00 16,593.00
Number of Common Shareholders 35,375.00 35,375.00 41,000.00 41,000.00 41,000.00
Deferred Revenue - Current 269.00 242.00 221.00 201.00 193.00
Deferred Revenue - Long Term -- -- -- -- 149.00
Total Current Assets less Inventory 1,884.00 2,387.00 3,286.00 3,056.00 2,332.00
Quick Ratio 0.32 0.48 0.60 0.63 0.62
Current Ratio 0.36 0.54 0.65 0.68 0.71
Net Debt Incl. Pref.Stock & Min.Interest 14,563.00 13,738.00 13,925.00 12,242.00 10,995.00
Tangible Book Value, Common Equity 11,996.00 11,368.00 10,960.00 9,938.00 9,432.00
Tangible Book Value per Share, Common Eq 36.82 34.89 33.64 30.50 28.95
Total Long Term Debt, Supplemental 2,205.00 -- -- -- 2,300.00
Long Term Debt Maturing within 1 Year 981.00 -- -- -- 0.00
Long Term Debt Maturing in Year 2 482.00 -- -- -- 1,200.00
Long Term Debt Maturing in Year 3 82.00 -- -- -- 300.00
Long Term Debt Maturing in Year 4 80.00 -- -- -- 400.00
Long Term Debt Maturing in Year 5 580.00 -- -- -- 400.00
Long Term Debt Maturing in 2-3 Years 564.00 -- -- -- 1,500.00
Long Term Debt Maturing in 4-5 Years 660.00 -- -- -- 800.00
Long Term Debt Matur. in Year 6 & Beyond 0.00 -- -- -- 0.00
Interest Costs -- -- -- -- -752.00
Executory Costs -- -- -- -- -438.00
Total Capital Leases, Supplemental -- -- -- -- 883.00
Capital Lease Payments Due in Year 1 -- -- -- -- 33.00
Capital Lease Payments Due in Year 2 -- -- -- -- 71.00
Capital Lease Payments Due in Year 3 -- -- -- -- 109.00
Capital Lease Payments Due in Year 4 -- -- -- -- 109.00
Capital Lease Payments Due in Year 5 -- -- -- -- 109.00
Capital Lease Payments Due in 2-3 Years -- -- -- -- 180.00
Capital Lease Payments Due in 4-5 Years -- -- -- -- 218.00
Cap. Lease Pymts. Due in Year 6 & Beyond -- -- -- -- 1,642.00
Total Operating Leases, Supplemental -- -- -- 24,609.00 16,641.00
Operating Lease Payments Due in Year 1 -- -- -- 1,349.00 1,029.00
Operating Lease Payments Due in Year 2 -- -- -- 1,410.00 982.00
Operating Lease Payments Due in Year 3 -- -- -- 1,323.00 987.00
Operating Lease Payments Due in Year 4 -- -- -- 1,415.00 897.00
Operating Lease Payments Due in Year 5 -- -- -- 1,302.00 857.00
Operating Lease Pymts. Due in 2-3 Years -- -- -- 2,733.00 1,969.00
Operating Lease Pymts. Due in 4-5 Years -- -- -- 2,717.00 1,754.00
Oper. Lse. Pymts. Due in Year 6 & Beyond -- -- -- 17,810.00 11,889.00
Pension Obligation - Domestic 4,284.00 -- -- 4,178.00 4,948.00
Post-Retirement Obligation 2,276.00 -- -- 2,220.00 2,460.00
Plan Assets - Domestic 3,388.00 -- -- 3,477.00 3,542.00
Plan Assets - Post-Retirement 2,102.00 -- -- 2,065.00 1,800.00
Funded Status - Domestic -896.00 -- -- -701.00 -1,406.00
Funded Status - Post-Retirement -174.00 -- -- -155.00 -660.00
Accumulated Obligation - Domestic 4,138.00 -- -- 4,015.00 4,609.00
Accumulated Obligation - Post-Retirement 2,276.00 -- -- 2,220.00 --
Total Funded Status -1,070.00 -- -- -856.00 -2,066.00
Discount Rate - Domestic 3.94 -- -- 4.75 3.75
Discount Rate - Post-Retirement 4.29 -- -- 5.00 4.25
Compensation Rate - Domestic 4.00 -- -- 4.00 4.50
Accrued Liabilities - Domestic -898.00 -- -- -701.00 -1,406.00
Accrued Liabilities - Post-Retirement -174.00 -- -- -155.00 -660.00
Other Assets, Net - Domestic -896.00 -- -- -701.00 1,156.00
Other Assets, Net - Post-Retirement -174.00 -- -- -155.00 -84.00
Net Assets Recognized on Balance Sheet -2,142.00 -- -- -1,712.00 -994.00
Equity % - Domestic -- -- -- 34.48 86.00
Equity % - Post-Retirement -- -- -- -- 39.00
Debt Securities % - Domestic -- -- -- 35.06 14.00
Debt Securities % - Post-Retirement -- -- -- -- 11.00
Private Investments % - Post-Retirement -- -- -- -- 50.00
Other Investments % - Domestic -- -- -- 30.46 --
Total Plan Obligations 6,560.00 -- -- 6,398.00 7,408.00
Total Plan Assets 5,490.00 -- -- 5,542.00 5,342.00

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