v3.19.3
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents ($47 and $43 attributable to VIEs) $ 792 $ 205
Accounts receivable, net of allowance of $9 and $9 882 1,022
Inventories 571 525
Margin deposits and other prepaid expense 301 315
Restricted cash, current ($227 and $90 attributable to VIEs) 345 167
Derivative assets, current [1] 144 [2] 142 [3]
Current assets held for sale 6 0
Other current assets 47 43
Total current assets 3,088 2,419
Property, plant and equipment, net ($3,509 and $3,919 attributable to VIEs) 12,002 12,442
Restricted cash, net of current portion ($30 and $33 attributable to VIEs) 62 34
Investments in unconsolidated subsidiaries 73 76
Derivative Asset, Noncurrent [1] 243 [2] 160 [3]
Goodwill 242 242
Intangible assets, net 359 412
Other assets ($60 and $30 attributable to VIEs) 449 277
Total assets 16,518 16,062
Current liabilities:    
Accounts payable 748 958
Accrued interest payable 120 96
Debt, current portion ($177 and $201 attributable to VIEs) 229 637
Derivative Liability, Current [1] 198 [2] 303 [3]
Other current liabilities ($149 and $36 attributable to VIEs) 629 489
Total current liabilities 1,924 2,483
Debt, net of current portion ($1,693 and $1,978 attributable to VIEs) 10,413 10,148
Long-term derivative liabilities [1] 84 [2] 140 [3]
Other long-term liabilities ($55 and $36 attributable to VIEs) 556 235
Total liabilities 12,977 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 (6,017) (6,542)
Accumulated other comprehensive loss (131) (77)
Total Calpine stockholder’s equity 3,436 2,963
Noncontrolling interest 105 93
Total stockholder’s equity 3,541 3,056
Total liabilities and stockholder’s equity $ 16,518 $ 16,062
[1] At September 30, 2019 and December 31, 2018, we had $116 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 September 30, 2019, current and long-term derivative assets are shown net of collateral of $(7) million and $(6) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $92 million and $11 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.