PDE » Topics » Fair Value of Financial Instruments

This excerpt taken from the PDE 10-K filed Mar 1, 2007.
Fair Value of Financial Instruments
 
Our financial instruments include cash, receivables, payables and debt. Except as described below, the estimated fair value of such financial instruments at December 31, 2006 and 2005 approximate their carrying value as reflected in our consolidated balance sheets. The fair value of our debt has been estimated based on year-end quoted market prices.
 
The estimated fair value of our debt at December 31, 2006 and 2005 was $1,486.8 million and $1,397.1 million, respectively, which differs from the carrying amounts of $1,386.6 million and $1,244.8 million, respectively, included in our consolidated balance sheets.
 
This excerpt taken from the PDE 10-K filed Jun 30, 2006.
Fair Value of Financial Instruments
 
Our financial instruments include cash, receivables, payables and debt. Except as described below, the estimated fair value of such financial instruments at December 31, 2005 and 2004 approximate their carrying value as reflected in our consolidated balance sheets. The fair value of our debt has been estimated based on year-end quoted market prices.
 
The estimated fair value of our debt at December 31, 2005 and 2004 was $1,397.1 million and $1,862.0 million, respectively, which differs from the carrying amounts of $1,244.8 million and $1,725.2 million, respectively, included in our consolidated balance sheets.
 

EXCERPTS ON THIS PAGE:

10-K
Mar 1, 2007
10-K
Jun 30, 2006
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