v3.20.1
Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 531 $ 1,131
Accounts receivable, net of allowance of $9 and $9 598 757
Inventories 543 543
Margin deposits and other prepaid expense 337 367
Restricted cash, current 260 299
Derivative assets, current [1] 226 [2] 156 [3]
Other current assets 44 49
Total current assets 2,539 3,302
Property, plant and equipment, net 11,959 11,963
Restricted cash, net of current portion 46 46
Investments in unconsolidated subsidiaries 63 70
Derivative Asset, Noncurrent [1] 263 [2] 246 [3]
Goodwill 242 242
Intangible assets, net 323 340
Other assets 438 440
Total assets 15,873 16,649
Current liabilities:    
Accounts payable 584 714
Accrued interest payable 102 61
Debt, current portion 217 1,268
Derivative Liability, Current [1] 194 [2] 225 [3]
Other current liabilities 503 657
Total current liabilities 1,600 2,925
Debt, net of current portion 10,836 10,438
Long-term derivative liabilities [1] 184 [2] 63 [3]
Other long-term liabilities 622 565
Total liabilities 13,242 13,991
Commitments and contingencies (see Note 9)
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 9,651 9,584
Accumulated deficit (6,795) (6,923)
Accumulated other comprehensive loss (225) (114)
Total Calpine stockholder’s equity 2,631 2,547
Noncontrolling interest 0 111
Total stockholder’s equity 2,631 2,658
Total liabilities and stockholder’s equity $ 15,873 $ 16,649
[1] At March 31, 2020 and December 31, 2019, we had $191 million and $191 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, 2020, current and long-term derivative assets are shown net of collateral of $(14) million and $(13) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $22 million and $48 million, respectively.
[3] At December 31, 2019, current and long-term derivative assets are shown net of collateral of $(4) million and $(4) million, respectively, and current and long-term derivative liabilities are shown net of collateral of $108 million and $14 million, respectively.