Seattle City Light 2016 ANNUAL REPORT | Supplementary Information 86 FINANCIAL SUMMARY (Unaudited) Years ended December 31, BALANCE SHEETS A, B Assets and Deferred Outflows of Resources Utility plant, net Restricted assets Current assets Other assets Deferred outflows of resourcesC Total assets and deferred outflows of resources Liabilities, Deferred Inflows of Resources, & Net Position Long-term debt, net Noncurrent liabilities Current liabilities Other liabilities Deferred inflows of resources Net positionC Total liabilities, deferred inflows of resources, & net position STATEMENTS OF REVENUES AND EXPENSES A, B Operating Revenues Residential Non-residential Unbilled revenue - net change Total retail power revenues Short-term wholesale power revenues Other power-related revenues Transfers from/(to) rate stabilization account Other revenues Total operating revenues Operating Expenses Long-term purchased power Short-term wholesale power purchases Other power expenses Generation Transmission Distribution Customer service Conservation Administrative and general Taxes Depreciation and amortization Total operating expenses Operating income Noncapital grants Other income, net Investment income Total operating and other income Interest Expense Interest expense Amortization of debt expense Interest charged to construction Net interest expense Capital Contributions and Grants Change in net position A Effective January 1, 2014, the Department adopted Statement No. 65 of the GASB, Items Previously Reported as Assets and Liabilities. Accordingly, certain items previously reported as assets and liabilities are reclassified as deferred outflows of resources or deferred inflows of resources, and recognize as expense certain items previously reported as assets. See Note 1 Operations and Summary of Significant Accounting Policies. B Effective January 1, 2013, the Department adopted Statement No. 62 of the GASB, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB & AICPA Pronouncements. No changes to the accounting in areas affected by Statement No. 62 were necessary. C Net Position for 2015 includes a beginning of the year adjustment for the implementation of Statement No. 68 of the GASB, Accounting and Financial Reporting for Pensions. See Note 12 Seattle City Employees' Retirement System. 2015 $ 2,961.5 265.1 339.6 339.5 49.8 $ 3,955.5 $ 2,090.8 341.5 271.4 29.7 89.9 1,132.2 $ 3,955.5 $ 260.0 470.7 5.9 736.6 61.2 36.8 23.4 24.9 882.9 213.6 26.8 24.8 34.8 54.3 65.1 38.3 29.1 92.1 81.1 112.0 772.0 110.9 4.6 5.9 6.2 127.6 93.4 (8.0) (8.9) 76.5 39.4 $ 90.5 2016 $ 3,214.7 222.0 286.5 396.2 94.9 $ 4,214.3 $2,165.3 433.6 266.5 37.2 94.2 1,217.5 $ 4,214.3 $ 285.1 496.8 6.1 788.0 62.9 32.6 (0.1) 19.8 903.2 219.8 15.1 23.3 36.8 53.5 63.5 42.6 30.2 105.0 85.2 120.8 795.8 107.4 2.5 6.1 6.0 122.0 93.5 (8.2) (10.2) 75.1 38.4 $ 85.3 2014 $ 2,728.3 298.4 298.8 319.7 19.3 $ 3,664.5 $ 1,925.2 67.3 258.3 26.7 111.5 1,275.5 $ 3,664.5 $ 268.0 467.0 (14.2) 720.8 96.8 50.8 (4.4) 22.4 886.4 214.3 14.9 30.9 35.0 52.8 59.7 37.6 27.3 75.8 80.0 105.8 734.1 152.3 3.8 6.8 7.9 170.8 89.6 (5.9) (5.8) 77.9 28.4 $ 121.3 2013 $ 2,541.1 227.0 369.1 301.0 26.0 $ 3,464.2 $ 1,870.3 78.1 241.7 19.2 100.7 1,154.2 $ 3,464.2 $ 256.6 433.3 7.8 697.7 63.0 40.4 18.3 22.8 842.2 203.1 19.8 26.4 40.0 48.2 59.5 39.2 21.5 71.7 79.3 102.3 711.0 131.2 3.2 7.1 0.8 142.3 89.0 (5.9) (3.8) 79.3 49.7 $ 112.7 2012 $ 2,352.2 275.7 323.5 278.9 30.0 $ 3,260.3 $ 1,791.5 74.8 224.6 15.4 112.5 1,041.5 $ 3,260.3 $ 243.1 422.1 (0.9) 664.3 70.4 29.3 13.2 23.1 800.3 204.1 11.8 18.1 32.3 47.0 60.8 31.3 20.8 66.1 74.9 94.8 662.0 138.3 2.8 4.7 5.2 151.0 85.1 (2.8) (3.5) 78.8 31.8 $ 104.0 ($ in millions)