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Consolidated Balance Sheets
<br />K N Energy, Inc. and Subsidiar(es
<br />• December 31
<br />1990 1989
<br />ASSETS (Dollars in Thousands)
<br />Property, Plant and Equipment, at Cost:
<br />Natural Gas Utility Plant ............................................ $639,889 $608,410
<br />Mineral Resource Properties ........................................ 55,663 49,478
<br />Gas Marketing and Olher ........................................... 152 34
<br />695,704 657,922
<br />Less-Accumulated Depreciation, Depletion and Amortization .......... 291,120 273,916
<br />404,584 384,006
<br />Current Assets:
<br />Cash and Cash Equivalents ........................................ 4,123 6,807
<br />Accounts Receivable .............................................. 59,268 55,601
<br />Allowance for Doubtful Accounts .................................. (392) (478)
<br />Nota Receivable (Note 2) ........................................... 3,337 3,337
<br />Material and Supplies, at Average Gost .............................. 12,339 9,742
<br />Gas in Underground Storage-Current Portion ....................... 665 4,288
<br />Prepaid Gas ...................................................... 7,074 7,545
<br />Exchange Gas and Other .......................................... 41,399 39,117
<br /> 127,813 125,959
<br />Deferred Charges and Other Assets ......:........................ 26,834 34,881
<br /> 5559,231 $544,846
<br />•
<br />STOCKHOLDERS' EQUITY AND LIABILITIES
<br />Capitalization:
<br />Common Stockholders' Equity ...................................... $181,815 $147,229
<br />Preferred Stock .........:......................................... 7,000 7,000
<br />Preferred Stock Subject to Mandatory Redemption .................... 11,286 13,429
<br />Long-Term Debt ................................................... 140,652 138,084
<br /> 340,753 305,742
<br />Current Llabilltles:
<br />Current Maturities of Preferred Stock and Long-Term Debt .............. 13,701 13,701
<br />Notes Payable .................................................... 6,000 50,500
<br />Accounts Payable ................................................. 46,342 47,291
<br />Revenues Subject to Possible Refund ................................ 2,467 -
<br />Accrued Taxes .................................................... 16,483 9,235
<br />Exchange Gas and Other .......................................... 55,658 44,997
<br /> 140,651 165,724
<br />Deferred Llabllities, Credits and Reserves:
<br />Deferredlncome Taxes ............................................ 51,960 52,229
<br />Other ............................................................ 25,867 21,151
<br /> 77,827 73,380
<br />Commitments and Contingent Llabllitles (Notes 5 and 12)
<br /> 5559,231 $544,846
<br />• The exornperrytrp notes aro t+n integral pert of these balance sheets
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