Consolidated Statements of Financial Position—Assets
As of December 31, |
||
| In millions | 2009 |
2008 |
| Current assets | ||
| Cash and cash equivalents (Note 1) | $ 26 |
$ 16 |
| Receivables (Note 1) | ||
| Energy marketing receivables | 615 |
549 |
Gas |
178 |
264 |
Unbilled revenues |
155 |
181 |
Other |
29 |
27 |
Less allowance for uncollectible accounts |
14 |
16 |
Total receivables |
963 |
1,005 |
| Inventories (Note 1) | ||
Natural gas stored underground |
649 |
629 |
Other |
23 |
34 |
Total inventories |
672 |
663 |
| Derivative financial instruments – current portion (Note 1 and Note 2) | 188 |
207 |
| Unrecovered regulatory infrastructure program costs – current portion (Note 1) | 43 |
41 |
| Unrecovered environmental remediation costs – current portion (Note 1 and Note 7) | 11 |
18 |
| Other current assets | 97 |
92 |
Total current assets |
2,000 |
2,042 |
| Long-term assets and other deferred debits | ||
| Property, plant and equipment | 5,939 |
5,500 |
| Less accumulated depreciation | 1,793 |
1,684 |
Property, plant and equipment – net (Note 1) |
4,146 |
3,816 |
| Goodwill (Note 1) | 418 |
418 |
| Unrecovered regulatory infrastructure program costs (Note 1) | 223 |
196 |
| Unrecovered environmental remediation costs (Note 1 and Note 7) | 161 |
125 |
| Derivative financial instruments (Note 1 and Note 2) | 52 |
38 |
| Other | 74 |
75 |
Total long-term assets and other deferred debits |
5,074 |
4,668 |
Total assets |
$7,074 |
$6,710 |
See Notes to Consolidated Financial Statements.
Consolidated Statements of Financial Position—Liabilities and Equity
As of December 31, |
||
| In millions, except share amounts | 2009 |
2008 |
| Current liabilities | ||
| Short-term debt (Note 6) | $ 602 |
$ 866 |
| Energy marketing trade payable | 524 |
539 |
| Accounts payable – trade | 237 |
202 |
| Accrued wages and salaries | 56 |
42 |
| Accrued regulatory infrastructure program costs – current portion (Note 1) | 55 |
49 |
| Derivative financial instruments – current portion (Note 1 and Note 2) | 52 |
50 |
| Customer deposits | 41 |
50 |
| Accrued interest (Note 7) | 41 |
35 |
| Accrued taxes | 35 |
36 |
| Deferred natural gas costs (Note 1) | 30 |
25 |
| Accrued environmental remediation liabilities – current portion (Note 1 and Note 7) | 25 |
17 |
| Other current liabilities | 74 |
72 |
Total current liabilities |
1,772 |
1,983 |
| Long-term liabilities and other deferred credits | ||
| Long-term debt (Note 6) | 1,974 |
1,675 |
| Accrued deferred income taxes (Note 1 and Note 8) | 695 |
571 |
| Accumulated removal costs (Note 1) | 183 |
178 |
| Accrued pension obligations (Note 3) | 159 |
199 |
| Accrued regulatory infrastructure program costs (Note 1) | 155 |
140 |
| Accrued environmental remediation liabilities (Note 1 and Note 7) | 119 |
89 |
| Accrued postretirement benefit costs (Note 3) | 38 |
46 |
| Derivative financial instruments (Note 1 and Note 2) | 10 |
6 |
| Other long-term liabilities and other deferred credits | 150 |
139 |
Total long-term liabilities and other deferred credits |
3,483 |
3,043 |
Total liabilities and other deferred credits |
5,255 |
5,026 |
| Commitments and contingencies (see Note 7) | ||
| Equity | ||
| AGL Resources Inc. common shareholders’ equity, $5 par value; 750 million shares authorized | 1,780 |
1,652 |
| Noncontrolling interest (Note 5) | 39 |
32 |
Total equity |
1,819 |
1,684 |
Total liabilities and equity |
$7,074 |
$6,710 |
See Notes to Consolidated Financial Statements.