v3.8.0.1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents ($55 and $79 attributable to VIEs) $ 426 $ 418
Accounts receivable, net of allowance of $9 and $6 935 839
Inventories 409 581
Margin deposits and other prepaid expense 182 364
Restricted cash, current ($126 and $109 attributable to VIEs) 196 173
Derivative assets, current [1],[2] 206 221
Current assets held for sale (nil and $134 attributable to VIEs) 0 210
Other current assets 34 45
Total current assets 2,388 2,851
Property, plant and equipment, net ($4,099 and $3,979 attributable to VIEs) 12,833 13,013
Restricted cash, net of current portion ($25 and $14 attributable to VIEs) 26 15
Investments in unconsolidated subsidiaries 106 99
Derivative Asset, Noncurrent [1],[2] 284 300
Goodwill 243 187
Intangible assets, net 552 650
Other assets ($58 and $56 attributable to VIEs) 360 378
Total assets 16,792 17,493
Current liabilities:    
Accounts payable 756 671
Accrued interest payable 129 125
Debt, current portion ($181 and $176 attributable to VIEs) 369 748
Other current liabilities 427 523
Total current liabilities 1,794 2,205
Debt, net of current portion ($2,867 and $2,944 attributable to VIEs) 11,281 11,431
Long-term derivative liabilities [1],[2] 103 149
Other long-term liabilities 291 369
Total liabilities 13,469 14,154
Commitments and contingencies (see Note 11)
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; authorized 100,000,000 shares, none issued and outstanding 0 0
Common stock, $0.001 par value per share; authorized 1,400,000,000 shares, 361,695,622 and 359,627,113 shares issued, respectively, and 360,613,587 and 359,061,764 shares outstanding, respectively 0 0
Treasury stock, at cost, 1,082,035 and 565,349 shares, respectively (13) (7)
Additional paid-in capital 9,652 9,625
Accumulated deficit (6,260) (6,213)
Accumulated other comprehensive loss (135) (137)
Total Calpine stockholders’ equity 3,244 3,268
Noncontrolling interest 79 71
Total stockholders’ equity 3,323 3,339
Total liabilities and stockholders’ equity 16,792 17,493
Derivative Liability, Current [1],[2] $ 113 $ 138
[1] At December 31, 2016, current and long-term derivative assets are shown net of collateral of $(29) million and $(3) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $19 million and $85 million, respectively.
[2] At September 30, 2017 and December 31, 2016, we had $115 million and $262 million of collateral under master netting arrangements that were not offset against our derivative instruments on the Consolidated Condensed Balance Sheets.