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SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 08/08/2013
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SOUTHERN UNION COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
(unaudited)



 
 
June 30,
2013
 
December 31, 2012
LIABILITIES AND EQUITY
 
 
 
 
CURRENT LIABILITIES:
 
 

 
 

Current maturities of long–term debt
 
$
253

 
$
259

Accounts payable and accrued liabilities
 
34

 
118

Accounts payable to related companies
 
147

 
110

Federal, state and local taxes payable
 
20

 
16

Accrued interest
 
17

 
32

Exchanges payable
 
123

 
133

Derivative instruments
 
18

 
18

Current liabilities held for sale
 
75

 
85

Other
 
35

 
108

Total current liabilities
 
722

 
879

LONG-TERM DEBT, less current maturities
 
1,713

 
3,024

NOTE PAYABLE TO RELATED PARTY
 
1,090

 

DEFERRED CREDITS
 
289

 
330

DEFERRED INCOME TAXES
 
1,839

 
1,590

NON-CURRENT LIABILITIES HELD FOR SALE
 
140

 
142

COMMITMENTS AND CONTINGENCIES (Note 10)
 


 


STOCKHOLDER’S EQUITY:
 
 
 
 
Premium on capital stock
 
3,947

 
4,079

Accumulated other comprehensive loss
 
(20
)
 
(25
)
Accumulated deficit
 
(232
)
 
(26
)
Total stockholder’s equity
 
3,695

 
4,028

Total liabilities and stockholder’s equity
 
$
9,488

 
$
9,993



















The accompanying notes are an integral part of these condensed consolidated financial statements.

2

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