Eversource 2003 Annual Report Download - page 80

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78
Consolidated Statements Of Quarterly Financial Data (Unaudited)
Quarter Ended (a)
(Thousands of Dollars, except per share information) March 31, June 30, September 30, December 31,
2003
Operating Revenues $1,584,183 $1,330,038 $1,640,117 $1,514,818
Operating Income 164,032 105,096 129,727 34,511
Income/(Loss) Before Cumulative Effect of Accounting Change 60,204 26,869 43,979 (9,900)
Cumulative Effect of Accounting Change, Net of Tax Benefit — — (4,741) —
Net Income $ 60,204 $ 26,869 $ 39,238 $ (9,900)
Basic and Fully Diluted Earnings Per Common Share:
Income Before Cumulative Effect of Accounting Change $ 0.47 $ 0.21 $ 0.35 $ (0.08)
Cumulative Effect of Accounting Change, Net of Tax Benefit — — (0.04) —
Net Income $ 0.47 $ 0.21 $ 0.31 $ (0.08)
2002
Operating Revenues $1,279,229 $1,164,205 $1,389,366 $1,404,200
Operating Income 114,286 94,051 118,095 140,223
Net Income 18,642 28,857 48,575 56,035
Basic and Fully Diluted Earnings per Common Share $ 0.14 $ 0.22 $ 0.38 $ 0.44
(a) Certain reclassifications of prior years’ data have been made to conform with the current year’s presentation. The summation of quarterly data may not equal annual data
due to rounding. Operating revenue amounts have been reclassified from those reported in 2002 and from those reported in the first three quarters of 2003 on the reports
on Form 10-Q because of the adoption of EITF Issue No. 03-11. Quarterly operating revenues as previously reported for 2003 and 2002 are as follows (thousands of dollars):
Operating Revenues
Quarter Ended 2003 2002
March 31 $1,688,437 $1,284,461
June 30 1,457,541 1,141,928
September 30 2,054,274 1,414,304
December 31 1,525,104 1,375,628