Consolidated Balance Sheets - 2004 Annual Report - Duke Energy
Duke Energy

Consolidated Balance Sheets

  December 31
(In millions)

2004

  

2003
ASSETS          
Current Assets          
Cash and cash equivalents $

533

   $

397
Short-term investments  

1,319

    

763
Receivables (net of allowance for doubtful accounts of $276 at 2004
   and $280 at 2003) 		 

3,237

    

2,953
Inventory  

942

    

941
Assets held for sale  

40

    

361
Unrealized gains on mark-to-market and hedging transactions  

962

    

1,566
Other  

938

    

694
Total current assets  

7,971

    

7,675

Investments and Other Assets 		 

 

    

 
Investments in unconsolidated affiliates  

1,292

    

1,398
Nuclear decommissioning trust funds  

1,374

    

925
Goodwill  

4,148

    

3,962
Notes receivable  

232

    

260
Unrealized gains on mark-to-market and hedging transactions  

1,379

    

1,857
Assets held for sale  

84

    

1,444
Investments in residential, commercial and multi-family real estate
   (net of accumulated depreciation of $15 and $32 at December 31,
   2004 and 2003, respectively) 		 

1,128

    

1,353
Other  

1,896

    

2,137
Total investments and other assets  

11,533

    

13,336

Property, Plant and Equipment 		 

 

    

 
Cost  

46,806

    

45,987
Less accumulated depreciation and amortization  

13,300

    

12,139
Net property, plant and equipment  

33,506

    

33,848

Regulatory Assets and Deferred Debits 		 

 

    

 
Deferred debt expense  

297

    

275
Regulatory assets related to income taxes  

1,269

    

1,152
Other  

894

    

939
Total regulatory assets and deferred debits  

2,460

    

2,366

Total Assets 		$

55,470

   $

57,225
   
  December 31
(In millions)

2004

  

2003
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY          
Current Liabilities          
Accounts payable $

2,414

   $

2,317
Notes payable and commercial paper  

68

    

130
Taxes accrued  

273

    

14
Interest accrued  

287

    

304
Liabilities associated with assets held for sale  

30

    

651
Current maturities of long-term debt  

1,832

    

1,200
Unrealized losses on mark-to-market and hedging transactions  

819

    

1,283
Other  

1,815

    

1,849
Total current liabilities  

7,538

    

7,748
Long-term Debt, including debt to affiliates of $876 at 2003  

16,932

    

20,622

Deferred Credits and Other Liabilities 		 

 

    

 
Deferred income taxes  

5,228

    

4,120
Investment tax credit  

154

    

165
Unrealized losses on mark-to-market and hedging transactions  

971

    

1,754
Liabilities associated with assets held for sale  

14

    

737
Asset retirement obligations  

1,926

    

1,707
Other  

4,646

    

4,789
Total deferred credits and other liabilities  

12,939

    

13,272

Commitments and Contingencies 		 

 

    

 
Minority Interests  

1,486

    

1,701
Preferred and Preference Stock without Sinking Fund Requirements  

134

    

134

Common Stockholders' Equity 		 

 

    

 
Common stock, no par, 2 billion shares authorized; 957 million and
   911 million shares outstanding at December 31, 2004 and 2003,
   respectively 		 

11,252

    

9,519
Retained earnings  

4,539

    

4,060
Accumulated other comprehensive income  

650

    

169
Total common stockholders' equity  

16,441

    

13,748

Total Liabilities and Common Stockholders' Equity 		$

55,470

   $

57,225