Allegheny Power 2013 Annual Report Download - page 173

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158
22. SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)
The following summarizes certain consolidated operating results by quarter for 2013 and 2012.
FirstEnergy
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts) 2013 2012
Dec. 31 Sept. 30 June 30 Mar. 31 Dec. 31 Sept. 30 June 30 Mar. 31
Revenues $ 3,647 $4,036 $ 3,511 $ 3,723 $ 3,493 $ 4,052 $ 3,746 $ 3,982
Other operating expense 948 877 886 882 1,163 861 920 816
Pensions and OPEB mark-to-market (256) — — — 609 — — —
Provision for depreciation 293 316 300 293 285 272 284 278
Impairment of long-lived assets 322 — 473 — — — — —
Operating Income (Loss) 401 512 46 648 (39) 902 549 740
Income (loss) from continuing operations
before income taxes 208 286 (230) 306 (258) 729 307 522
Income taxes (benefits) 66 77 (62) 114 (105) 307 123 220
Income (loss) from continuing operations 142 209 (168) 192 (153) 422 184 302
Discontinued operations (net of income taxes) — 9 4 4 5 3 4 4
Net Income (Loss) 142 218 (164) 196 (148) 425 188 306
Earnings (loss) available to FirstEnergy Corp. 142 218 (164) 196 (148) 425 187 306
Earnings (loss) per share of common stock-
Basic - Continuing Operations 0.34 0.50 (0.40) 0.46 (0.36) 1.01 0.44 0.72
Basic - Discontinued Operations (Note 20) — 0.02 0.01 0.01 0.01 0.01 0.01 0.01
Basic - Earnings Available to FirstEnergy
Corp. 0.34 0.52 (0.39) 0.47 (0.35) 1.02 0.45 0.73
Diluted - Continuing Operations 0.34 0.50 (0.40) 0.46 (0.36) 1.00 0.44 0.72
Diluted - Discontinued Operations (Note 20) — 0.02 0.01 0.01 0.01 0.01 0.01 0.01
Diluted - Earnings Available to FirstEnergy
Corp. 0.34 0.52 (0.39) 0.47 (0.35) 1.01 0.45 0.73
FES
CONSOLIDATED STATEMENTS OF INCOME
(In millions) 2013 2012
Dec. 31 Sept. 30 June 30 Mar. 31 Dec. 31 Sept. 30 June 30 Mar. 31
Revenues $ 1,518 $1,679 $ 1,452 $ 1,524 $ 1,383 $ 1,550 $ 1,450 $ 1,511
Other operating expense 382 339 387 379 328 342 392 294
Pensions and OPEB mark-to-market (81) — — — 166 — — —
Provision for depreciation 75 80 76 75 72 70 68 62
Operating Income (Loss) 121 65 (39) 95 (56) 167 9 219
Income (loss) from continuing operations
before income taxes 114 56 (117) (1) (74) 161 (6) 195
Income taxes (benefits) 25 23 (42) — (36) 65 (1) 75
Income (loss) from continuing operations 89 33 (75) (1) (38) 96 (5) 120
Discontinued operations (net of income taxes) — 7 4 3 3 5 4 2
Net Income (Loss) 89 40 (71) 2 (35) 101 (1) 122