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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
Liabilities and Stockholders' Equity
 
At September 30, 2016
 
 
At December 31, 2015
 
 
(in millions)
 
 
(in millions)
Current Liabilities:
 
 
 
 
 
Securities due within one year
 
$
142

 
 
$
545

Notes payable
 
586

 
 
1,010

Energy marketing trade payables
 
533

 
 
418

Accounts payable
 
276

 
 
255

Customer deposits
 
172

 
 
165

Accrued taxes —
 
 
 
 
 
Accrued income taxes
 
29

 
 
13

Other accrued taxes
 
60

 
 
46

Accrued interest
 
46

 
 
49

Accrued compensation
 
35

 
 
92

Liabilities from risk management activities, net of collateral
 
47

 
 
44

Other regulatory liabilities, current
 
62

 
 
81

Accrued environmental remediation liabilities, current
 
59

 
 
67

Mandatorily redeemable noncontrolling interest
 
174

 
 

Other current liabilities
 
100

 
 
133

Total current liabilities
 
2,321

 
 
2,918

Long-term Debt
 
5,272

 
 
3,275

Deferred Credits and Other Liabilities:
 
 
 
 
 
Accumulated deferred income taxes
 
1,900

 
 
1,943

Accumulated deferred investment tax credits
 
19

 
 
20

Employee benefit obligations
 
564

 
 
515

Other cost of removal obligations
 
1,609

 
 
1,591

Other regulatory liabilities, deferred
 
51

 
 
53

Accrued environmental remediation liabilities, deferred
 
374

 
 
364

Other deferred credits and liabilities
 
40

 
 
100

Total deferred credits and other liabilities
 
4,557

 
 
4,586

Total Liabilities
 
12,150

 
 
10,779

Common Stockholders' Equity:
 
 

 
 
 

Common stock — September 30, 2016: par value $0.01 per share
— December 31, 2015: par value $5 per share
 
 
 
 
 
Authorized — September 30, 2016: 100 million shares
— December 31, 2015: 750 million shares
 
 
 
 
 
Outstanding — September 30, 2016: 100 shares
— December 31, 2015: 120.4 million shares
 
 
 
 
 
Treasury — September 30, 2016: no shares
— December 31, 2015: 0.2 million shares
 
 
 
 
 
Par Value
 

 
 
603

Paid-in capital
 
9,097

 
 
2,099

Treasury, at cost
 

 
 
(8
)
Retained earnings (accumulated deficit)
 
(59
)
 
 
1,421

Accumulated other comprehensive loss
 
(3
)
 
 
(186
)
Total Common Stockholders’ Equity
 
9,035

 
 
3,929

Noncontrolling Interest
 

 
 
46

Total Stockholders' Equity
 
9,035

 
 
3,975

Total Liabilities and Stockholders' Equity
 
$
21,185

 
 
$
14,754


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


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