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SEC Filings

10-Q
ALABAMA POWER CO filed this Form 10-Q on 11/01/2017
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GULF POWER COMPANY
CONDENSED BALANCE SHEETS (UNAUDITED)
 
Liabilities and Stockholder's Equity
 
At September 30, 2017
 
At December 31, 2016
 
 
(in millions)
Current Liabilities:
 
 
 
 
Securities due within one year
 
$
7

 
$
87

Notes payable
 

 
268

Accounts payable —
 
 
 
 
Affiliated
 
46

 
59

Other
 
55

 
54

Customer deposits
 
35

 
35

Accrued taxes
 
41

 
20

Accrued interest
 
20

 
8

Accrued compensation
 
30

 
40

Deferred capacity expense, current
 
22

 
22

Other regulatory liabilities, current
 
1

 
16

Other current liabilities
 
37

 
40

Total current liabilities
 
294

 
649

Long-term Debt
 
1,285

 
987

Deferred Credits and Other Liabilities:
 
 
 
 
Accumulated deferred income taxes
 
1,003

 
948

Employee benefit obligations
 
90

 
96

Deferred capacity expense
 
103

 
119

Asset retirement obligations, deferred
 
125

 
120

Other cost of removal obligations
 
218

 
249

Other regulatory liabilities, deferred
 
45

 
47

Other deferred credits and liabilities
 
71

 
71

Total deferred credits and other liabilities
 
1,655

 
1,650

Total Liabilities
 
3,234

 
3,286

Preference Stock
 

 
147

Common Stockholder's Equity:
 
 
 
 
Common stock, without par value —
 
 
 
 
Authorized — 20,000,000 shares
 
 
 
 
Outstanding — September 30, 2017: 7,392,717 shares
 
 
 
 
                    — December 31, 2016: 5,642,717 shares
 
678

 
503

Paid-in capital
 
600

 
589

Retained earnings
 
312

 
296

Accumulated other comprehensive income (loss)
 
(1
)
 
1

Total common stockholder's equity
 
1,589

 
1,389

Total Liabilities and Stockholder's Equity
 
$
4,823

 
$
4,822

The accompanying notes as they relate to Gulf Power are an integral part of these condensed financial statements.

104

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