Contents
Tennessee Valley Authority 2003 Annual Report

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Condensed Balance Sheets

Power Program

At September 30 (in millions)
2003
2002
 
Assets
  Cash and cash equivalents

$ 532

$ 397
  Other current assets
1,521
1,133
  Property, plant, and equipment, net
26,634
25,679
  Regulatory assets
1,862
1,452
  Other assets
1,844
1,497
Total assets
$ 32,393
$ 30,158
 
Liabilities and proprietary capital
  Current liabilities
$ 5,896
$ 4,809
  Long-term debt, net of discount
20,201
21,358
  Deferred liabilities
3,394
2,413
  Asset retirement obligations
1,725
891
  Retained earnings
783
349
  Accumulated other comprehensive loss
(74)
(150)
  Other proprietary capital
468
488
Total liabilities and proprietary capital
$ 32,393
$ 30,158

Next: Condensed Statements of Cash Flows
 
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