Page 37 - SWGas Annual Report 2015

CONSOLIDATED BALANCE SHEETS – Continued

December 31, 2015 2014

CAPITALIZATION AND LIABILITIES $ 49,007 $ 48,153
Capitalization: 896,448 851,381
(50,268) (50,175)
Common stock, $1 par (authorized – 60,000,000 shares; issued and outstanding – 699,221 639,164
47,377,575 and 46,523,184 shares) (Note 11)
1,594,408 1,488,523
Additional paid-in capital
Accumulated other comprehensive income (loss), net (Note 5) (2,083) (2,257)
Retained earnings
1,592,325 1,486,266
Total Southwest Gas Corporation equity 16,108 20,042
Noncontrolling interest
1,551,204 1,631,374
Total equity
Redeemable noncontrolling interest (Note 16) 3,159,637 3,137,682
Long-term debt, less current maturities (Note 7)
19,475 19,192
Total capitalization 18,000 5,000
164,857
Commitments and contingencies (Note 9) 72,631 167,988
Current liabilities: 71,546
940 —
Current maturities of long-term debt (Note 7) 47,337 44,339
Short-term debt (Note 8) 16,173 16,468
Accounts payable 45,601 —
Customer deposits 150,031
Income taxes payable, net 145,584
Accrued general taxes 535,045
Accrued interest 470,117
Deferred purchased gas costs (Note 4)
Other current liabilities (Notes 2, 4, and 13) 769,445 723,688
303,000 304,000
Total current liabilities 591,558 572,810

Deferred income taxes and other credits: 1,664,003 1,600,498
Deferred income taxes and investment tax credits, net (Note 12)
Accumulated removal costs (Note 4) $5,358,685 $5,208,297
Other deferred credits and other long-term liabilities (Notes 2, 4, 10, and 13)

Total deferred income taxes and other credits

Total capitalization and liabilities

The accompanying notes are an integral part of these statements.

Southwest Gas Corporation