Eversource 2004 Annual Report Download - page 84

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82
NU’s segment information for the years ended December 31, 2004, 2003, and 2002 is as follows (some amounts between segment schedules may
not agree due to rounding):
For the Year Ended December 31, 2004
Utility Group
Distribution NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Totals
Operating revenues $ 4,040.1 $ 407.8 $140.7 $ 2,855.1 $ 289.6 $(1,046.6) $ 6,686.7
Depreciation and amortization (458.5) (26.2) (21.6) (19.1) (16.4) 13.7 (528.1)
Other operating expenses (3,268.3) (347.0) (68.5) (2,817.1) (284.5) 1,039.7 (5,745.7)
Operating income/(loss) 313.3 34.6 50.6 18.9 (11.3) 6.8 412.9
Interest expense, net of AFUDC (159.1) (16.6) (12.3) (51.2) (26.2) 11.9 (253.5)
Interest income 4.8 0.1 0.3 8.5 12.9 (12.9) 13.7
Other income/(loss), net 15.4 (1.0) (0.2) (5.6) 76.7 (84.5) 0.8
Income tax (expense)/benefit (56.8) (3.0) (8.9) 14.3 15.3 (12.6) (51.7)
Preferred dividends (5.6) — — — — — (5.6)
Net income/(loss) $ 112.0 $ 14.1 $ 29.5 $ (15.1) $ 67.4 $ (91.3) $ 116.6
Total assets (1) $ 8,410.8 $1,147.9 $ — $ 2,176.2 $4,313.1 $(4,392.2) $11,655.8
Cash flows for total investments in plant $ 390.0 $ 56.6 $163.9 $ 17.6 $ 15.7 $ — $ 643.8
For the Year Ended December 31, 2003
Utility Group
Distribution NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Totals
Operating revenues $3,865.8 $ 361.5 $117.9 $2,574.8 $ 257.9 $(1,108.7) $ 6,069.2
Depreciation and amortization (483.8) (23.4) (18.7) (19.6) (14.2) 10.3 (549.4)
Other operating expenses (3,072.1) (311.7) (51.9) (2,509.4) (238.2) 1,087.7 (5,095.6)
Operating income/(loss) 309.9 26.4 47.3 45.8 5.5 (10.7) 424.2
Interest expense, net of AFUDC (166.1) (13.1) (3.5) (49.6) (23.5) 9.3 (246.5)
Interest income 3.8 — 0.1 8.0 9.4 (9.5) 11.8
Other income/(loss), net (0.2) (2.4) (0.9) (5.6) 90.9 (93.9) (12.1)
Income tax (expense)/benefit (44.8) (3.6) (14.8) (2.0) 14.6 (0.1) (50.7)
Preferred dividends (5.6) — — — — — (5.6)
Income/(loss) before cumulative
effect of accounting change 97.0 7.3 28.2 (3.4) 96.9 (104.9) 121.1
Cumulative effect of accounting
change, net of tax benefit — — — — (4.7) — (4.7)
Net income/(loss) $ 97.0 $ 7.3 $ 28.2 $ (3.4) $ 92.2 $ (104.9) $ 116.4
Total assets (1) $8,219.8 $1,068.6 $ — $2,047.8 $4,314.8 $(4,434.5) $11,216.5
Cash flows for total investments
in plant $ 365.8 $ 54.8 $ 96.3 $ 17.7 $ 29.0 $ — $ 563.6
(1) Information for segmenting total assets between electric distribution and transmission is not available at December 31, 2004 or December 31, 2003. On a NU consolidated
basis, these distribution and transmission assets are disclosed in the electric distribution columns above.
For the Year Ended December 31, 2002
Utility Group
Distribution NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Totals
Operating revenues $3,701.3 $ 282.0 $122.1 $1,800.8 $ 324.3 $ (993.5) $ 5,237.0
Depreciation and amortization (600.1) (24.0) (18.0) (21.6) (18.8) 7.9 (674.6)
Other operating expenses (2,701.4) (218.1) (46.4) (1,818.5) (299.2) 980.4 (4,103.2)
Operating income/(loss) 399.8 39.9 57.7 (39.3) 6.3 (5.2) 459.2
Interest expense, net of AFUDC (182.5) (14.2) (1.9) (43.9) (35.5) 7.5 (270.5)
Interest income 4.1 0.1 — 6.5 7.7 (7.5) 10.9
Other income/(loss), net 16.7 (0.9) (1.1) (6.0) 161.9 (137.7) 32.9
Income tax (expense)/benefit (107.4) (7.3) 0.9 29.5 10.4 (0.9) (74.8)
Preferred dividends (5.6) — — — — — (5.6)
Net income/(loss) $ 125.1 $ 17.6 $ 55.6 $ (53.2) $ 150.8 $ (143.8) $ 152.1
Cash flows for total investments in plant $ 333.5 $ 67.6 $ 57.9 $ 21.0 $ 30.5 $ — $ 510.5