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NU 2006 ANNUAL REPORT 99
Quarter Ended (a) (b) (c)
(Thousands of Dollars, except per share information) March 31, June 30, September 30, December 31
2006
Operating Revenues $2,147,388 $1,661,060 $1,592,784 $1,483,156
Operating Income 7,652 73,312 76,383 66,577
(Loss)/Income from Continuing Operations (20,675) 14,300 102,652 29,873
Income from Discontinued Operations 10,569 7,942 8,797 317,120
Net (Loss)/Income (10,106) 22,242 111,449 346,993
Basic (Loss)/Earnings Per Common Share:
(Loss)/Income from Continuing Operations (0.13) 0.09 0.67 0.19
Income from Discontinued Operations 0.06 0.05 0.05 2.06
Net (Loss)/Income $ (0.07) $ 0.14 $ 0.72 $ 2.25
Fully Diluted (Loss)/Earnings Per Common Share:
(Loss)/Income from Continuing Operations (0.13) 0.09 0.67 0.19
Income from Discontinued Operations 0.06 0.05 0.05 2.05
Net (Loss)/Income $ (0.07) $ 0.14 $ 0.72 $ 2.24
2005
Operating Revenues $2,232,964 $1,531,613 $1,754,942 $1,878,224
Operating Loss (129,077) (16,295) (86,954) (31,953)
Loss from Continuing Operations (113,297) (38,386) (99,732) (15,161)
(Loss)/Income from Discontinued Operations (4,422) 10,682 5,240 2,593
Cumulative effect of accounting change, net of tax benefit — — — (1,005)
Net Loss(117,719) (27,704) (94,492) (13,573)
Basic and Fully Diluted Loss Per Common Share:
Loss from Continued Operations $ (0.86) $ (0.30) $ (0.77) $ (0.11)
(Loss)/Income from Discontinued Operations (0.03) 0.09 0.04 0.02
Cumulative effect of accounting change, net of tax benefit — — — (0.01)
Net Loss$ (0.89) $ (0.21) $ (0.73) $ (0.10)
(a) The summation of quarterly earnings per share data may not equal annual data due to rounding.
(b) Operating revenue amounts totaling $9.5 million and $1.3 million for the quarters ended June 30, 2006 and September 30, 2006, respectively, were reclassified to
operating expenses as a result of the change in classification of certain revenues and associated expenses from a gross presentation to a net presentation.
(c) Quarterlyoperating income/(loss) amounts differ from those previously reported as a result of the change in classification of certain amounts previously presented in
other income, net, that havebeen reclassified to operating expenses. These differences are summarized as follows (thousands of dollars):
Quarter Ended 2006 2005
March 31, $215 $(2,840)
June 30, (1,945) (204)
September 30, (867) (1,282)
CONSOLIDATED STATEMENTS OF QUARTERLY FINANCIAL DATA (UNAUDITED)