Talen Energy Corp
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| Successor | ||
|---|---|---|
| (Millions of Dollars, except share data) | June 30, 2024 | December 31, 2023 |
| Assets | ||
| Cash and cash equivalents | $632 | $400 |
| Restricted cash and cash equivalents (Note 16) | 483 | 501 |
| Accounts receivable, net (Note 4) | 151 | 137 |
| Inventory, net (Note 6) | 280 | 375 |
| Derivative instruments (Notes 3 and 12) | 27 | 89 |
| Other current assets (a) | 380 | 52 |
| Total current assets | 1,953 | 1,554 |
| Property, plant and equipment, net (Note 8) | 3,250 | 3,839 |
| Nuclear decommissioning trust funds (Notes 7 and 12) | 1,659 | 1,575 |
| Derivative instruments (Notes 3 and 12) | 13 | 6 |
| Other noncurrent assets | 207 | 147 |
| Total Assets | $7,082 | $7,121 |
| Liabilities and Equity | ||
| Long-term debt, due within one year (Notes 11 and 12) | $9 | $9 |
| Accrued interest | 31 | 32 |
| Accounts payable and other accrued liabilities | 212 | 344 |
| Derivative instruments (Notes 3 and 12) | 63 | 32 |
| Other current liabilities | 118 | 69 |
| Total current liabilities | 433 | 486 |
| Long-term debt (Notes 11 and 12) | 2,617 | 2,811 |
| Derivative instruments (Notes 3 and 12) | 1 | 11 |
| Postretirement benefit obligations (Note 13) | 364 | 368 |
| Asset retirement obligations and accrued environmental costs (Note 9) | 473 | 469 |
| Deferred income taxes (Note 5) | 495 | 407 |
| Other noncurrent liabilities | 127 | 35 |
| Total Liabilities | $4,510 | $4,587 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders’ Equity | ||
| Common stock ($0.001 par value 350,000,000 shares authorized) (b) (c) | $— | $— |
| Additional paid-in capital | 2,092 | 2,346 |
| Accumulated retained earnings (deficit) | 448 | 134 |
| Accumulated other comprehensive income (loss) | (29) | (23) |
| Total Stockholders’ Equity | 2,511 | 2,457 |
| Noncontrolling interests | 61 | 77 |
| Total Equity | 2,572 | 2,534 |
| Total Liabilities and Equity | $7,082 | $7,121 |
(a)Includes $300 million of proceeds from the Cumulus Data Campus Sale held in escrow.
(b)As of June 30, 2024 (Successor):53,259,981 shares issued,53,254,954 shares outstanding, and 5,027 shares held as treasury stock.
(c)As of December 31, 2023 (Successor):59,028,843 shares issued and outstanding.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.