Progress Energy 2004 Annual Report Download - page 97

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95
Progress Energy Annual Report 2004
(in millions)
PEC
Electric PEF Fuels CCO
Rail
Services
Corporate
and Other Eliminations Totals
Year ended December 31, 2004
Revenues
Unaffiliated $3,628 $3,525 $1,179 $240 $1,130 $70 $– $9,772
Intersegment – – 331 – 1 441 (773) –
Total revenues 3,628 3,525 1,510 240 1,131 511 (773) 9,772
Depreciation and amortization 570 281 93 58 21 45 – 1,068
Total interest charges, net 192 114 22 17 27 361 (86) 647
Gain on sale of assets – – 54 – – 3 – 57
Income tax expense (benefit)(a) 237 174 (230) (1) 15 (80) – 115
Segment profit (loss) 464 333 180 (4) 16 (236) – 753
Total assets 10,590 7,924 986 1,709 596 17,741 (13,553) 25,993
Capital and investment expenditures 519 480 157 25 40 14 – 1,235
Year ended December 31, 2003
Revenues
Unaffiliated $3,589 $3,152 $928 $170 $846 $56 $ – $8,741
Intersegment – – 346 – 1 446 (793) –
Total revenues 3,589 3,152 1,274 170 847 502 (793) 8,741
Depreciation and amortization 562 307 80 42 20 29 – 1,040
Total interest charges, net 197 91 23 4 29 356 (72) 628
Impairment of long-lived assets and investments 11 – 17 – – 10 – 38
Income tax expense (benefit)(a) 238 147 (415) 8 2 (46) (45) (111)
Segment profit (loss) 515 295 235 20 (1) (253) – 811
Total assets 10,748 7,280 1,142 1,747 586 17,955 (13,365) 26,093
Capital and investment expenditures 445 526 309 338 103 35 – 1,756
Year ended December 31, 2002
Revenues
Unaffiliated $3,539 $3,062 $607 $92 $714 $77 $– $8,091
Intersegment – – 329 – 5 418 (752) –
Total revenues 3,539 3,062 936 92 719 495 (752) 8,091
Depreciation and amortization 524 295 47 20 20 32 – 938
Total interest charges, net 212 106 24 (12) 33 351 (81) 633
Impairment of long-lived assets and investments ––––59330 –389
Income tax expense (benefit)(a) 237 163 (373) 16 (16) (191) 6 (158)
Segment profit (loss) 513 323 176 27 (42) (445) – 552
Total assets 10,139 6,678 934 1,452 529 15,872 (11,886) 23,718
Capital and investment expenditures 619 550 170 682 8 73 – 2,102
(a)Amounts include income tax benefit reallocation from holding company to profitable subsidiaries according to an SEC order.