XML 70 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 422 $ 268 [1]
Customer receivables (less allowance for doubtful accounts) 2,236 1,749 [1]
Other receivables (less allowance for doubtful accounts) [2] 203 331 [1]
Inventories 1,657 1,418 [1]
Regulatory assets 725 496 [1]
Other 732 899 [1]
Total current assets 5,975 5,161 [1]
Investments    
Nuclear decommissioning trust funds 5,580 4,938 [1]
Investment in equity method affiliates 1,433 1,278 [1]
Other 357 344 [1]
Total investments 7,370 6,560 [1]
Property, Plant and Equipment    
Property, plant and equipment 93,485 76,578 [1]
Accumulated depreciation, depletion and amortization (26,918) (22,018) [1]
Total property, plant and equipment, net 66,567 54,560 [1]
Deferred Charges and Other Assets    
Goodwill 8,960 6,410 [1]
Intangible assets, net 887 670 [1]
Regulatory assets 7,575 2,676 [1]
Operating lease assets 486  
Other 2,234 1,877 [1]
Total deferred charges and other assets 20,142 11,633 [1]
Total assets 100,054 77,914 [1]
Current Liabilities    
Securities due within one year 3,080 3,624 [1]
Credit facility borrowings [1]   73
Short-term debt 2,412 334 [1]
Accounts payable 920 914 [1]
Accrued interest, payroll and taxes 957 836 [1]
Regulatory liabilities 612 356 [1]
Other 1,795 1,510 [1]
Total current liabilities 9,776 7,647 [1]
Long-Term Debt    
Long-term debt 32,043 26,328 [1]
Junior subordinated notes 3,431 3,430 [1]
Remarketable subordinated notes 1,387 1,386 [1]
Total long-term debt 36,861 31,144 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,108 5,116 [1]
Regulatory liabilities 10,799 6,840 [1]
Asset retirement obligations 4,985 2,250 [1]
Operating lease liabilities 418  
Other 3,508 2,869 [1]
Total deferred credits and other liabilities 25,818 17,075 [1]
Total liabilities 72,455 55,866 [1]
Commitments and Contingencies (see Note 17) [1]
Equity    
Common stock - no par [3] 20,834 12,588 [1]
Retained earnings 7,806 9,219 [1]
Accumulated other comprehensive income (loss) (1,731) (1,700) [1]
Total common shareholders' equity 26,909 20,107 [1]
Noncontrolling interests 690 1,941 [1]
Total equity 27,599 22,048 [1]
Total liabilities and equity 100,054 77,914 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 14 29 [4]
Customer receivables (less allowance for doubtful accounts) 935 999 [4]
Other receivables (less allowance for doubtful accounts) 75 76 [4]
Affiliated receivables 59 101 [4]
Inventories 836 837 [4]
Regulatory assets [5] 387 424
Other [6] 454 529 [4]
Total current assets 2,373 2,571 [4]
Investments    
Nuclear decommissioning trust funds 2,591 2,369 [4]
Other 3 3 [4]
Total investments 2,594 2,372 [4]
Property, Plant and Equipment    
Property, plant and equipment 45,107 44,524 [4]
Accumulated depreciation, depletion and amortization (13,614) (14,003) [4]
Total property, plant and equipment, net 31,493 30,521 [4]
Deferred Charges and Other Assets    
Regulatory assets 1,719 737 [4]
Operating lease assets 202  
Other [6] 893 679 [4]
Total deferred charges and other assets 2,814 1,416 [4]
Total assets 39,274 36,880 [4]
Current Liabilities    
Securities due within one year 392 350 [4]
Short-term debt 595 314 [4]
Accounts payable 255 339 [4]
Payables to affiliates 104 209 [4]
Affiliated current borrowings 24 224 [4]
Regulatory liabilities 281 299 [4]
Other [6] 1,105 1,080 [4]
Total current liabilities 2,756 2,815 [4]
Long-Term Debt    
Long-Term Debt 11,288 11,321 [4]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 2,985 3,017 [4]
Regulatory liabilities 4,808 4,647 [4]
Asset retirement obligations 3,375 1,200 [4]
Operating lease liabilities 169  
Other [6] 949 833 [4]
Total deferred credits and other liabilities 12,286 9,697 [4]
Total liabilities 26,330 23,833 [4]
Commitments and Contingencies (see Note 17) [4]
Equity    
Common stock - no par [7] 5,738 5,738 [4]
Other paid-in capital 1,113 1,113 [4]
Retained earnings 6,110 6,208 [4]
Accumulated other comprehensive income (loss) (17) (12) [4]
Total common shareholders' equity 12,944 13,047 [4]
Total liabilities and equity 39,274 36,880 [4]
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 143 99 [8]
Customer receivables (less allowance for doubtful accounts) [9] 168 187 [8]
Other receivables (less allowance for doubtful accounts) [9] 13 18 [8]
Affiliated receivables 315 319 [8]
Affiliated notes receivable 716 819 [8]
Inventories 116 97 [8]
Gas imbalances [9] 88 187 [8]
Current assets of discontinued operations 459 444 [8]
Regulatory assets [10] 8 8
Other 132 178 [8]
Total current assets 2,150 2,348 [8]
Investments    
Affiliated notes receivable 4,566 4,317 [8]
Investment in equity method affiliates 337 339 [8]
Total investments 4,903 4,656 [8]
Property, Plant and Equipment    
Property, plant and equipment 14,835 14,700 [8]
Accumulated depreciation, depletion and amortization (3,298) (3,219) [8]
Total property, plant and equipment, net 11,537 11,481 [8]
Deferred Charges and Other Assets    
Goodwill 1,471 1,471 [8]
Pension and other postretirement benefit assets [9] 721 705 [8]
Regulatory assets [11] 52 52
Operating lease assets 41  
Other [9] 225 241 [8]
Total deferred charges and other assets 2,458 2,417 [8]
Noncurrent assets of discontinued operations 5,969 5,849 [8]
Total assets 27,017 26,751 [8]
Current Liabilities    
Securities due within one year 450 748 [8]
Credit facility borrowings [8]   73
Short-term debt 280 10 [8]
Accounts payable 52 76 [8]
Payables to affiliates 106 124 [8]
Affiliated current borrowings 2,952 3,097 [8]
Current liabilities of discontinued operations 1,097 1,273 [8]
Regulatory liabilities [12] 29 24
Other [9] 310 354 [8]
Total current liabilities 5,247 5,755 [8]
Long-Term Debt    
Long-Term Debt 7,023 7,022 [8]
Affiliated Long-Term Debt 395  
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 1,329 1,330 [8]
Regulatory liabilities 816 765 [8]
Operating lease liabilities 33  
Other 132 118 [8]
Total deferred credits and other liabilities 2,310 2,213 [8]
Noncurrent liabilities of discontinued operations 3,181 2,896 [8]
Total liabilities 18,156 17,886 [8]
Commitments and Contingencies (see Note 17) [8]
Equity    
Predecessor equity 2,938 1,804 [8]
Membership interests 4,682 4,566 [8]
Accumulated other comprehensive income (loss) (191) (169) [8]
Total common shareholders' equity 7,429 6,201 [8]
Noncontrolling interests 1,432 2,664 [8]
Total equity 8,861 8,865 [8]
Total liabilities and equity $ 27,017 $ 26,751 [8]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[2] See Note 10 for amounts attributable to related parties.
[3] 1 billion shares authorized; 802 million shares and 681 million shares outstanding at March 31, 2019 and December 31, 2018, respectively.
[4] Virginia Power’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[5] Current regulatory assets are presented in other current assets in Virginia Power’s Consolidated Balance Sheets.
[6] See Note 19 for amounts attributable to affiliates.
[7] 500,000 shares authorized; 274,723 shares outstanding at March 31, 2019 and December 31, 2018.
[8] Dominion Energy Gas’ Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[9] See Note 19 for amounts attributable to related parties.
[10] Current regulatory assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[11] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[12] Current regulatory liabilities are presented in other current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.