Eversource 2003 Annual Report Download - page 79

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77
For the Year Ended December 31, 2003
Utility Group Eliminations
(Millions of Dollars) Electric Gas NU Enterprises And Other Total
Operating revenues $3,975.1 $ 361.5 $2,574.8 $(842.2) $ 6,069.2
Depreciation and amortization (494.9) (23.4) (19.6) (2.3) (540.2)
Other operating expenses (3,115.6) (311.7) (2,508.7) 840.4 (5,095.6)
Operating income/(loss) 364.6 26.4 46.5 (4.1) 433.4
Interest expense, net (169.6) (13.1) (49.6) (14.0) (246.3)
Other income/(loss), net 2.1 (2.4) 2.4 (2.5) (0.4)
Income tax (expense)/benefit (66.5) (3.6) (2.8) 12.9 (60.0)
Preferred dividends (5.6) — — — (5.6)
Income/(loss) before cumulative
effect of accounting change 125.0 7.3 (3.5) (7.7) 121.1
Cumulative effect of accounting
change, net of tax benefit — — — (4.7) (4.7)
Net income/(loss) $ 125.0 $ 7.3 $ (3.5) $ (12.4) $ 116.4
Total assets $8,218.0 $1,068.6 $2,125.5 $(103.2) $11,308.9
Total investments in plant $ 450.6 $ 55.2 $ 17.7 $ 26.4 $ 549.9
For the Year Ended December 31, 2002
Utility Group Eliminations
(Millions of Dollars) Electric Gas NU Enterprises And Other Total
Operating revenues $3,815.0 $ 282.0 $1,800.8 $(660.8) $ 5,237.0
Depreciation and amortization (618.9) (24.0) (21.6) (2.6) (667.1)
Other operating expenses (2,716.7) (218.1) (1,818.5) 650.1 (4,103.2)
Operating income/(loss) 479.4 39.9 (39.3) (13.3) 466.7
Interest expense, net (187.2) (14.2) (43.9) (25.2) (270.5)
Other income/(loss), net 42.1 (0.8) 0.6 1.9 43.8
Income tax (expense)/benefit (121.7) (7.3) 29.4 17.3 (82.3)
Preferred dividends (5.6) — — — (5.6)
Net income/(loss) $ 207.0 $ 17.6 $ (53.2) $ (19.3) $ 152.1
Total assets $7,815.1 $1,042.7 $1,978.2 $ (71.1) $10,764.9
Total investments in plant $ 376.1 $ 69.8 $ 21.0 $ 18.1 $ 485.0
For the Year Ended December 31, 2001
Utility Group Eliminations
(Millions of Dollars) Electric Gas NU Enterprises And Other Total
Operating revenues $4,075.5 $ 378.0 $2,074.9 $(767.4) $ 5,761.0
Depreciation and amortization (1,619.3) (33.3) (10.3) 478.8 (1,184.1)
Other operating expenses (1,964.7) (294.6) (2,017.4) 239.0 (4,037.7)
Operating income/(loss) 491.5 50.1 47.2 (49.6) 539.2
Interest expense, net (199.3) (14.0) (42.5) (23.9) (279.7)
Other income/(loss), net 72.8 4.1 5.8 104.9 187.6
Income tax (expense)/benefit (154.3) (14.3) (4.4) (0.9) (173.9)
Preferred dividends (7.3) — — — (7.3)
Income/(loss) before cumulative
effect of accounting change 203.4 25.9 6.1 30.5 265.9
Cumulative effect of accounting
change, net of tax benefit — — (22.0) (0.4) (22.4)
Net income/(loss) $ 203.4 $ 25.9 $ (15.9) $ 30.1 $ 243.5
Total investments in plant $ 375.3 $ 47.3 $ 14.6 $ 14.2 $ 451.4