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56 XCEL ENERGY 2003 ANNUAL REPORT
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Summarized Financial Results of Discontinued Operations
Natural Gas All Other
(Thousands of dollars) Utility Segment NRG Segment Segment Total
2003
Operating revenue $9,292 $ – $174,224 $183,516
Operating and other expenses 7,980 – 177,487 185,467
Special charges and impairments –(1,664) 58,700 57,036
Equity in NRG losses –253,043 – 253,043
Pretax income (loss) from operations of discontinued components 1,312 (251,379) (61,963) (312,030)
Income tax expense (benefit) 354 – (401,464) (401,110)
Income (loss) from operations of discontinued components 958 (251,379) 339,501 89,080
Estimated pretax gain on disposal of discontinued components 40,072 – – 40,072
Income tax expense 16,780 – – 16,780
Gain on disposal of discontinued components 23,292 – – 23,292
Net income (loss) from discontinued operations $24,250 $(251,379) $339,501 $112,372
2002
Operating revenue and equity in project income $36,266 $ 3,010,557 $169,994 $ 3,216,817
Operating and other expenses 18,822 3,173,598 161,413 3,353,833
Special charges and impairments (including net disposal losses) – 3,459,406 26,962 3,486,368
Pretax income (loss) from operations of discontinued components 17,444 (3,622,447) (18,381) (3,623,384)
Income tax expense (benefit) 7,004 (172,517) (706,381) (871,894)
Income (loss) from operations of discontinued components 10,440 (3,449,930) 688,000 (2,751,490)
Estimated pretax gain on disposal of discontinued components – 2,814 – 2,814
Income tax benefit –(2,992) – (2,992)
Gain on disposal of discontinued components – 5,806 – 5,806
Net income (loss) from discontinued operations $10,440 $(3,444,124) $688,000 $(2,745,684)
2001
Operating revenue and equity in project income $31,889 $ 3,013,545 $154,113 $ 3,199,547
Operating and other expenses 22,392 2,784,978 156,790 2,964,160
Pretax income (loss) from operations of discontinued components 9,497 228,567 (2,677) 235,387
Income tax expense (benefit) 3,490 33,477 (5,525) 31,442
Net income from discontinued operations $ 6,007 $ 195,090 $ 2,848 $ 203,945