Eversource 2009 Annual Report Download - page 104
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FS-20
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the Years Ended December 31,
(Thousands of Dollars) 2009 2008 2007
Operating Revenues $ 1,109,591 $ 1,141,202 $ 1,083,072
Operating Expenses:
Operation -
Fuel, purchased and net interchange power 520,529 558,313 530,680
Other 239,650 215,497 208,691
Maintenance 87,026 90,933 74,070
Depreciation 61,961 56,321 53,315
Amortization of regulatory (liabilities)/assets, net (29,619) 9,254 7,470
Amortization of rate reduction bonds 47,482 45,644 52,344
Taxes other than income taxes 47,975 42,291 39,671
Total operating expenses 975,004 1,018,253 966,241
Operating Income 134,587 122,949 116,831
Interest Expense:
Interest on long-term debt 33,045 32,655 26,029
Interest on rate reduction bonds 13,128 15,969 18,013
Other interest 316 1,539 2,243
Interest expense, net 46,489 50,163 46,285
Other Income, Net 9,462 7,277 6,682
Income Before Income Tax Expense 97,560 80,063 77,228
Income Tax Expense 31,990 21,996 22,794
Net Income $ 65,570 $ 58,067 $ 54,434
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income $ 65,570 $ 58,067 $ 54,434
Other comprehensive income/(loss), net of tax:
Qualified cash flow hedging instruments 87 (1,418) 605
Changes in unrealized gains/losses on other securities (50) (101) (11)
Other comprehensive income/(loss), net of tax 37 (1,519) 594
Comprehensive Income $ 65,607 $ 56,548 $ 55,028
The accompanying notes are an integral part of these consolidated financial statements.