Eversource 2005 Annual Report Download - page 91

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89
CONSOLIDATED STATEMENTS OF QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarter Ended (a)(b)(c)
(Thousands of Dollars, except per share information) March 31, June 30, September 30, December 31,
2005
Operating Revenues $2,233,265 $1,531,429 $1,754,862 $1,877,834
Operating (Loss)/Income (91,953) 14,348 (62,580) (13,680)
Loss from Continuing Operations (100,489) (26,052) (91,959) (10,723)
Loss from Discontinued Operations (17,230) (1,652) (2,533) (1,845)
Cumulative effect of accounting change, net of tax benefit — — — (1,005)
Net Loss (117,719) (27,704) (94,492) (13,573)
Basic and Fully Diluted Loss Per Common Share:
Loss from Continuing Operations (0.78) (0.20) (0.71) (0.08)
Loss from Discontinued Operations (0.13) (0.01) (0.02) (0.01)
Cumulative effect of accounting change, net of tax benefit — — — (0.01)
Net Loss (0.91) (0.21) (0.73) (0.10)
2004
Operating Revenues $1,799,291 $1,485,060 $1,624,487 $1,633,282
Operating Income 170,882 97,462 31,377 102,496
Income/(Loss) from Continuing Operations 67,668 25,583 (9,297) 29,041
Net (Loss)/Income from Discontinued Operations (226) (1,591) 1,389 4,021
Net Income/(Loss) 67,442 23,992 (7,908) 33,062
Basic and Fully Diluted Earnings/(Loss) Per Common Share:
Income/(Loss) from Continuing Operations 0.53 0.20 (0.07) 0.23
Net (Loss)/Income from Discontinued Operations — (0.01) 0.01 0.03
Net Income/(Loss) 0.53 0.19 (0.06) 0.26
(a) The summation of quarterly earnings per share data may not equal annual data due to rounding.
(b) Amounts differ from those previously reported as a result of the presentation of discontinued operations as a result of meeting certain criteria requiring this presentation
in the thirdquarter of 2005.
(c) Quarterly operating (loss)/income amounts differ from those previously reported as a result of the change in classification of certain costs that were not recoverable
from regulated customers. These amounts were previously presented in other income, net, have been reclassified to other operation expenses and are summarized
as follows (thousands of dollars):
Quarter Ended 2005 2004
March 31, $(374) $(1,309)
June 30, (2,241) (1,427)
September 30, (1,209) (2,075)
The amount for the second quarter of 2005 also includes an additional reclassification totaling $0.8 million related to an additional reclassification from other income,
net to other operation expenses.