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SEC Filings

10-Q
SOUTHERN CO GAS filed this Form 10-Q on 11/04/2016
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SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
 
 
Successor
 
 
Predecessor
Assets
 
At September 30, 2016
 
 
At December 31, 2015
 
 
(in millions)
 
 
(in millions)
Current Assets:
 
 
 
 
 
Cash and cash equivalents
 
$
48

 
 
$
19

Receivables —
 
 

 
 
 

Energy marketing receivable
 
526

 
 
445

Customer accounts receivable
 
190

 
 
316

Unbilled revenues
 
63

 
 
140

Other accounts and notes receivable
 
55

 
 
68

Accumulated provision for uncollectible accounts
 
(29
)
 
 
(29
)
Materials and supplies
 
27

 
 
29

Natural gas for sale
 
627

 
 
622

Assets from risk management activities, net of collateral
 
98

 
 
206

Prepaid expenses
 
76

 
 
218

Other regulatory assets, current
 
69

 
 
68

Other current assets
 
9

 
 
13

Total current assets
 
1,759

 
 
2,115

Property, Plant, and Equipment:
 
 

 
 
 

In service
 
14,267

 
 
12,152

Less accumulated depreciation
 
4,384

 
 
2,775

Plant in service, net of depreciation
 
9,883

 
 
9,377

Construction work in progress
 
434

 
 
414

Total property, plant, and equipment
 
10,317

 
 
9,791

Other Property and Investments:
 
 
 
 
 
Goodwill
 
5,937

 
 
1,813

Other intangible assets, net of amortization of $20 and $68 at September 30,
2016 and December 31, 2015, respectively
 
380

 
 
109

Equity investments in unconsolidated subsidiaries
 
1,531

 
 
80

Miscellaneous property and investments
 
22

 
 
23

Total other property and investments
 
7,870

 
 
2,025

Deferred Charges and Other Assets:
 
 
 
 
 
Other regulatory assets, deferred
 
1,105

 
 
670

Other deferred charges and assets
 
134

 
 
153

Total deferred charges and other assets
 
1,239

 
 
823

Total Assets
 
$
21,185

 
 
$
14,754


The accompanying notes are an integral part of these condensed consolidated financial statements.



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