Consolidated Balance Sheets - 2003 Annual Report - Duke Energy
Duke Energy

Consolidated Balance Sheets

  December 31
(In millions)

2003

  

2002
ASSETS          
Current Assets          
Cash and cash equivalents $

1,160

   $

874
Receivables, (net of allowance for doubtful accounts of $280 at 2003
   and $349 at 2002)		  

2,888

    

4,861
Inventory  

1,156

    

1,134
Assets held for sale  

424

    

—
Unrealized gains on mark-to-market and hedging transactions  

1,566

    

2,144
Other  

694

    

887
Total current assets  

7,888

    

9,900

Investments and Other Assets		  

 

    

 
Investments in unconsolidated affiliates  

1,398

    

2,015
Nuclear decommissioning trust funds  

925

    

708
Goodwill  

3,962

    

3,747
Notes receivable  

260

    

589
Unrealized gains on mark-to-market and hedging transactions  

1,857

    

2,480
Assets held for sale  

1,444

    

—
Other  

1,117

    

1,645
Total investments and other assets  

10,963

    

11,184

Property, Plant and Equipment		  

 

    

 
Cost  

47,157

    

48,677
Less accumulated depreciation and amortization  

12,171

    

11,298
Net property, plant and equipment  

34,986

    

37,379

Regulatory Assets and Deferred Debits		  

 

    

 
Deferred debt expense  

275

    

263
Regulatory asset related to income taxes  

1,152

    

936
Other  

939

    

460
Total regulatory assets and deferred debits  

2,366

    

1,659

Total Assets		 $

56,203

   $

60,122
   
  December 31
(In millions)

2003

  

2002
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY          
Current Liabilities          
Accounts payable $

2,331

   $

3,637
Notes payable and commercial paper  

130

    

915
Taxes accrued  

—

    

156
Interest accrued  

304

    

310
Liabilities associated with assets held for sale  

651

    

—
Current maturities of long-term debt and preferred stock  

1,200

    

1,331
Unrealized losses on mark-to-market and hedging transactions  

1,283

    

1,918
Other  

1,799

    

1,770
Total current liabilities  

7,698

    

10,037
Long-term Debt, including debt to affiliates of $876 at 2003  

20,622

    

20,221

Deferred Credits and Other Liabilities		  

 

    

 
Deferred income taxes  

4,120

    

4,834
Investment tax credit  

165

    

176
Unrealized losses on mark-to-market and hedging transactions  

1,754

    

1,548
Liabilities associated with assets held for sale  

737

    

—
Other  

5,524

    

4,893
Total deferred credits and other liabilities  

12,300

    

11,451

Commitments and Contingencies		  

 

    

 
Guaranteed Preferred Beneficial Interests in Subordinated Notes of
   Duke Energy Corporation or Subsidiaries		  

—

    

1,408
Minority Interests  

1,701

    

1,904

Preferred and Preference Stock		  

 

    

 
Preferred and preference stock with sinking fund requirements  

—

    

23
Preferred and preference stock without sinking fund requirements  

134

    

134
Total preferred and preference stock  

134

    

157

Common Stockholders' Equity		  

 

    

 
Common stock, no par, 2 billion shares authorized;
   911 million and 895 million shares outstanding
   at December 31, 2003 and 2002, respectively		  

9,519

    

9,236
Retained earnings  

4,060

    

6,417
Accumulated other comprehensive income (loss)  

169

    

(709)
Total common stockholders' equity  

13,748

    

14,944

Total Liabilities and Common Stockholders' Equity		 $

56,203

   $

60,122