v3.19.2
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents ($33 and $43 attributable to VIEs) $ 297 $ 205
Accounts receivable, net of allowance of $8 and $9 806 1,022
Inventories 541 525
Margin deposits and other prepaid expense 276 315
Restricted cash, current ($108 and $90 attributable to VIEs) 182 167
Derivative assets, current [1] 202 [2] 142 [3]
Current assets held for sale 335 0
Other current assets 60 43
Total current assets 2,699 2,419
Property, plant and equipment, net ($3,873 and $3,919 attributable to VIEs) 12,051 12,442
Restricted cash, net of current portion ($48 and $33 attributable to VIEs) 80 34
Investments in unconsolidated subsidiaries 71 76
Derivative Asset, Noncurrent [1] 213 [2] 160 [3]
Goodwill 242 242
Intangible assets, net 370 412
Other assets ($100 and $30 attributable to VIEs) 483 277
Total assets 16,209 16,062
Current liabilities:    
Accounts payable 695 958
Accrued interest payable 98 96
Debt, current portion ($213 and $201 attributable to VIEs) 263 637
Derivative Liability, Current [1] 165 [2] 303 [3]
Current liabilitites held for sale 22 0
Other current liabilities ($71 and $36 attributable to VIEs) 470 489
Total current liabilities 1,713 2,483
Debt, net of current portion ($1,889 and $1,978 attributable to VIEs) 10,461 10,148
Long-term derivative liabilities [1] 119 [2] 140 [3]
Other long-term liabilities ($73 and $36 attributable to VIEs) 463 235
Total liabilities 12,756 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 (6,101) (6,542)
Accumulated other comprehensive loss (129) (77)
Total Calpine stockholder’s equity 3,354 2,963
Noncontrolling interest 99 93
Total stockholder’s equity 3,453 3,056
Total liabilities and stockholder’s equity $ 16,209 $ 16,062
[1] At June 30, 2019 and December 31, 2018, we had $142 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 June 30, 2019, current and long-term derivative assets are shown net of collateral of $(27) million and $(3) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $72 million and $104 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.