Eversource 2013 Annual Report Download - page 129

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117
NU's segment information for the years ended December 31, 2013, 2012 and 2011 is as follows:
For the Year Ended December 31, 2013
Electric
Natural Gas
(Millions of Dollars)
Distribution
Distribution
Transmission
Other
Eliminations
Total
Operating Revenues
$
5,362.3
$
855.8
$
978.7
$
777.5
$
(673.1)
$
7,301.2
Depreciation and Amortization
(604.8)
(66.7)
(136.2)
(62.2)
10.2
(859.7)
Other Operating Expenses
(3,927.7)
(659.4)
(281.8)
(715.0)
671.8
(4,912.1)
Operating Income
829.8
129.7
560.7
0.3
8.9
1,529.4
Interest Expense
(175.0)
(33.1)
(100.3)
(35.5)
5.2
(338.7)
Interest Income
4.1
-
0.7
5.4
(5.6)
4.6
Other Income, Net
12.9
0.8
10.9
858.9
(858.2)
25.3
Income Tax (Expense)/Benefit
(240.0)
(36.5)
(182.1)
31.9
(0.2)
(426.9)
Net Income
431.8
60.9
289.9
861.0
(849.9)
793.7
Net Income Attributable
to Noncontrolling Interests
(4.8)
-
(2.9)
-
-
(7.7)
Net Income Attributable
to Controlling Interest
$
427.0
$
60.9
$
287.0
$
861.0
$
(849.9)
$
786.0
Total Assets (as of)
$
17,260.0
$
2,759.7
$
6,745.8
$
11,842.4
$
(10,812.4)
$
27,795.5
Cash Flows Used for
Investments in Plant
$
639.0
$
168.1
$
618.5
$
31.2
$
-
$
1,456.8
For the Year Ended December 31, 2012
Electric
Natural Gas
(Millions of Dollars)
Distribution
Distribution
Transmission
Other
Eliminations
Total
Operating Revenues
$
4,716.5
$
572.9
$
861.5
$
803.8
$
(680.9)
$
6,273.8
Depreciation and Amortization
(530.3)
(49.1)
(109.2)
(56.4)
4.2
(740.8)
Other Operating Expenses
(3,585.4)
(445.2)
(251.6)
(817.0)
684.4
(4,414.8)
Operating Income/(Loss)
600.8
78.6
500.7
(69.6)
7.7
1,118.2
Interest Expense
(165.6)
(31.3)
(96.7)
(43.6)
7.3
(329.9)
Interest Income
2.8
-
0.4
7.1
(7.1)
3.2
Other Income, Net
8.9
0.4
7.3
795.0
(795.1)
16.5
Income Tax (Expense)/Benefit
(150.2)
(16.9)
(159.2)
55.5
(4.1)
(274.9)
Net Income
296.7
30.8
252.5
744.4
(791.3)
533.1
Net Income Attributable
to Noncontrolling Interests
(4.4)
-
(2.8)
-
-
(7.2)
Net Income Attributable
to Controlling Interest
$
292.3
$
30.8
$
249.7
$
744.4
$
(791.3)
$
525.9
Total Assets (as of)
$
18,047.3
$
2,717.4
$
6,187.7
$
18,832.6
$
(17,482.2)
$
28,302.8
Cash Flows Used for
Investments in Plant
$
611.7
$
148.7
$
663.6
$
48.3
$
-
$
1,472.3
For the Year Ended December 31, 2011
Electric
Natural Gas
(Millions of Dollars)
Distribution
Distribution
Transmission
Other
Eliminations
Total
Operating Revenues
$
3,343.1
$
430.8
$
635.4
$
541.3
$
(484.9)
$
4,465.7
Depreciation and Amortization
(337.2)
(27.7)
(84.0)
(16.8)
2.5
(463.2)
Other Operating Expenses
(2,637.4)
(333.5)
(188.2)
(534.1)
484.9
(3,208.3)
Operating Income/(Loss)
368.5
69.6
363.2
(9.6)
2.5
794.2
Interest Expense
(123.8)
(21.0)
(76.7)
(33.7)
4.8
(250.4)
Interest Income
3.7
-
0.5
5.3
(5.3)
4.2
Other Income, Net
11.6
1.3
10.7
455.2
(455.3)
23.5
Income Tax (Expense)/Benefit
(67.6)
(18.2)
(95.6)
14.3
(3.9)
(171.0)
Net Income
192.4
31.7
202.1
431.5
(457.2)
400.5
Net Income Attributable
to Noncontrolling Interests
(3.3)
-
(2.5)
-
-
(5.8)
Net Income Attributable
to Controlling Interest
$
189.1
$
31.7
$
199.6
$
431.5
$
(457.2)
$
394.7
Cash Flows Used for
Investments in Plant
$
540.7
$
98.2
$
388.9
$
48.9
$
-
$
1,076.7
22. VARIABLE INTEREST ENTITIES
The Company's variable interests outside of the consolidated group are not material and consist of contracts that are required by
regulation and provide for regulatory recovery of contract costs and benefits through customer rates. NU, CL&P and NSTAR Electric
hold variable interests in variable interest entities (VIEs) through agreements with certain entities that own single renewable energy or
peaking generation power plants and with other independent power producers. NU, CL&P and NSTAR Electric do not control the
activities that are economically significant to these VIEs or provide financial or other support to these VIEs. Therefore, NU, CL&P and
NSTAR Electric do not consolidate any power plant VIEs.