v3.19.1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents ($35 and $43 attributable to VIEs) $ 184 $ 205
Accounts receivable, net of allowance of $6 and $9 794 1,022
Inventories 515 525
Margin deposits and other prepaid expense 380 315
Restricted cash, current ($187 and $90 attributable to VIEs) 265 167
Derivative assets, current [1] 136 [2] 142 [3]
Current assets held for sale 372 0
Other current assets 51 43
Total current assets 2,697 2,419
Property, plant and equipment, net ($3,902 and $3,919 attributable to VIEs) 12,048 12,442
Restricted cash, net of current portion ($37 and $33 attributable to VIEs) 69 34
Investments in unconsolidated subsidiaries 67 76
Derivative Asset, Noncurrent [1] 165 [2] 160 [3]
Goodwill 242 242
Intangible assets, net 391 412
Other assets ($98 and $30 attributable to VIEs) 472 277
Total assets 16,151 16,062
Current liabilities:    
Accounts payable 720 958
Accrued interest payable 120 96
Debt, current portion ($211 and $201 attributable to VIEs) 258 637
Derivative Liability, Current [1] 224 [2] 303 [3]
Current liabilitites held for sale 25 0
Other current liabilities ($126 and $36 attributable to VIEs) 518 489
Total current liabilities 1,865 2,483
Debt, net of current portion ($1,925 and $1,978 attributable to VIEs) 10,533 10,148
Long-term derivative liabilities [1] 113 [2] 140 [3]
Other long-term liabilities ($74 and $36 attributable to VIEs) 427 235
Total liabilities 12,938 13,006
Commitments and contingencies (see Note 11)
Stockholder’s equity:    
Common stock, $0.001 par value per share; authorized 5,000 shares, 105.2 shares issued and outstanding 0 0
Additional paid-in capital 9,584 9,582
Accumulated deficit (6,367) (6,542)
Accumulated other comprehensive loss (100) (77)
Total Calpine stockholder’s equity 3,117 2,963
Noncontrolling interest 96 93
Total stockholder’s equity 3,213 3,056
Total liabilities and stockholder’s equity $ 16,151 $ 16,062
[1] At March 31, 2019 and December 31, 2018, we had $187 million and $244 million, respectively, of collateral under master netting arrangements that were not offset against our derivative instruments on the Consolidated Condensed Balance Sheets primarily related to initial margin requirements.
[2] At March 31, 2019, current and long-term derivative assets are shown net of collateral of $(17) million and $(3) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $76 million and $69 million, respectively.
[3] At December 31, 2018, current and long-term derivative assets are shown net of collateral of $(58) million and $(8) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $49 million and $64 million, respectively.