Consolidated Balance Sheets

    December 31,  
(In millions, except per-share amounts)   2006     2005  
ASSETS            
Current Assets            
Cash and cash equivalents $ 948   $ 511  
Short-term investments   1,514     632  
Receivables (net of allowance for doubtful accounts of $94 at December 31, 2006 and $127 at December 31, 2005)   2,256     2,580  
Inventory   1,358     863  
Assets held for sale   28     1,528  
Unrealized gains on mark-to-market and hedging transactions   107     87  
Other   729     1,756  
Total current assets   6,940     7,957  
Investments and Other Assets            
Investments in unconsolidated affiliates   2,305     1,933  
Nuclear decommissioning trust funds   1,775     1,504  
Goodwill   8,175     3,775  
Intangibles, net   905     65  
Notes receivable   224     138  
Unrealized gains on mark-to-market and hedging transactions   248     62  
Assets held for sale   134     3,597  
Investments in residential, commercial and multi-family real estate (net of accumulated depreciation of $17 at December 31, 2005)   –     1,281  
Other   2,304     2,678  
Total investments and other assets   16,070     15,033  
Property, Plant and Equipment            
Cost   58,330     40,823  
Less accumulated depreciation and amortization   16,883     11,623  
Net property, plant and equipment   41,447     29,200  
Regulatory Assets and Deferred Debits            
Deferred debt expense   320     269  
Regulatory assets related to income taxes   1,361     1,338  
Other   2,562     926  
Total regulatory assets and deferred debits   4,243     2,533  
Total Assets $ 68,700   $ 54,723  

LIABILITIES AND COMMON STOCKHOLDERS’ EQUITY		            
Current Liabilities            
Accounts payable $ 1,686   $ 2,431  
Notes payable and commercial paper   450     83  
Taxes accrued   434     327  
Interest accrued   302     230  
Liabilities associated with assets held for sale   26     1,488  
Current maturities of long-term debt   1,605     1,400  
Unrealized losses on mark-to-market and hedging transactions   134     204  
Other   1,976     2,255  
Total current liabilities   6,613     8,418  
Long-term Debt   18,118     14,547  
Deferred Credits and Other Liabilities            
Deferred income taxes   7,003     5,253  
Investment tax credit   175     144  
Unrealized losses on mark-to-market and hedging transactions   238     10  
Liabilities associated with assets held for sale   18     2,085  
Asset retirement obligations   2,301     2,058  
Other   7,327     5,020  
Total deferred credits and other liabilities   17,062     14,570  
Commitments and Contingencies            
Minority Interests   805     749  
Common Stockholders’ Equity            
Common stock, $0.001 par value, 2 billion shares authorized; 1,257 million and zero shares outstanding at December 31, 2006 and December 31, 2005, respectively   1     –  
Common stock, no par, 2 billion shares authorized; zero and 928 million shares outstanding at December 31, 2006 and December 31, 2005, respectively   –     10,446  
Additional paid-in capital   19,854     –  
Retained earnings   5,652     5,277  
Accumulated other comprehensive income   595     716  
Total common stockholders’ equity   26,102     16,439  
Total Liabilities and Common Stockholders’ Equity $ 68,700   $ 54,723  

 

See Notes to Consolidated Financial Statements in Duke Energy’s 2006 Form 10-K.