Dominion Power 2003 Annual Report Download - page 95

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93.Dominion 2003
The following table presents segment information pertaining to Dominion’s operations:
Dominion Dominion Dominion Dominion Corporate Adjustments & Consolidated
Generation Energy Delivery E&P and Other Eliminations Total
(millions)
2003
Total revenue from external customers $4,217 $2,128 $3,287 $1,841 $ 149 $ 456 $12,078
Intersegment revenue 293 493 61 150 591 (1,588) —
Total operating revenue 4,510 2,621 3,348 1,991 740 (1,132) 12,078
Interest and related charges 239 64 171 82 656 (237) 975
Depreciation, depletion and amortization 229 104 302 532 49 — 1,216
Equity in earnings of equity method investees 14 11 — 6 (6) — 25
Income tax expense (benefit) 310 225 236 220 (394) — 597
Loss from discontinued operations, net of tax — — — — (642) — (642)
Net income 508 350 453 415 (1,408) — 318
Investment in equity method investees 155 96 5 51 130 — 437
Capital expenditures 1,303 319 485 1,311 20 — 3,438
Total assets (billions) 14.3 8.2 8.8 9.0 13.8 (9.9) 44.2
2002
Total revenue from external customers $4,410 $1,008 $2,707 $1,629 $ 250 $ 214 $10,218
Intersegment revenue 51 386 23 90 568 (1,118) —
Total operating revenue 4,461 1,394 2,730 1,719 818 (904) 10,218
Interest and related charges 234 56 171 88 644 (248) 945
Depreciation, depletion and amortization 296 98 302 502 60 — 1,258
Equity in earnings of equity method investees 19 10 — 5 (23) — 11
Income tax expense (benefit) 330 172 201 165 (187) — 681
Net income 561 268 422 380 (269) — 1,362
Investment in equity method investees 148 68 — 53 234 — 503
Capital expenditures 559 273 459 1,492 45 — 2,828
Total assets (billions) 11.7 6.7 7.9 7.8 13.4 (7.5) 40.0
2001
Total revenue from external customers $4,344 $1,423 $3,179 $1,354 $ 258 — $10,558
Intersegment revenue 2 388 15 106 626 (1,137) —
Total operating revenue 4,346 1,811 3,194 1,460 884 (1,137) 10,558
Interest and related charges 259 69 191 64 610 (196) 997
Depreciation, depletion and amortization 311 108 299 364 163 — 1,245
Equity in earnings of equity method investees 24 10 — 5 (3) — 36
Income tax expense (benefit) 342 173 166 145 (456) — 370
Net income $ 511 $ 268 $ 311 $ 320 $ (866) — $ 544
As of both December 31, 2003 and 2002, approximately 3%
of Dominion’s total long-lived assets were associated with interna-
tional operations. For the years ended December 31, 2003 and
2002, approximately 2% and 1%, respectively, of operating rev-
enues were associated with international operations.