Eversource 2008 Annual Report Download - page 86

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85
NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Total
For the Year Ended December 31, 2008
Operating revenues $ 4,716.1 $ 577.4 $ 424.8 $ 114.1 $ 416.6 $ (448.9 ) $ 5,800.1
Depreciation and amortization (581.5 ) (26.2 ) (49.3 ) (0.6 ) (13.1 ) 0.9 (669.8 )
Other operating expenses (3,828.6 ) (487.3 ) (138.5 ) (89.6 ) (431.2 ) 435.7 (4,539.5 )
Operating income/(loss) 306.0 63.9 237.0 23.9 (27.7 ) (12.3 ) 590.8
Interest expense, net of AFUDC (164.3 ) (21.6 ) (51.8 ) (5.6 ) (35.4 ) 9.6 (269.1 )
Interest income 14.1 0.5 2.1 1.0 8.5 (10.6 ) 15.6
Other income, net 13.1 0.3 21.8 - 227.5 (227.9 ) 34.8
Income tax (expense)/benefit (41.6 ) (16.0 ) (68.8 ) (6.2 ) 28.7 (1.8 ) (105.7 )
Preferred dividends (3.6 ) - (2.0 ) - - - (5.6 )
Net income $ 123.7 $ 27.1 $ 138.3 $ 13.1 $ 201.6 $ (243.0 ) $ 260.8
Total assets (2) $11,968.0 $ 1,424.8 $ - $ 85.2 $ 5,060.1 $(4,549.6 ) $13,988.5
Cash flows for total investments in plant (3) $ 487.8 $ 58.4 $ 678.9 $ - $ 30.3 $ - $ 1,255.4
For the Year Ended December 31, 2007
Operating revenues $ 4,930.8 $ 514.1 $ 298.7 $ 97.7 $ 389.8 $ (408.9 ) $ 5,822.2
Depreciation and amortization (428.5 ) (24.7 ) (37.4 ) (0.5 ) (16.7 ) 0.8 (507.0 )
Other operating expenses (4,192.5 ) (437.1 ) (115.5 ) (77.9 ) (358.3 ) 405.6 (4,775.7 )
Operating income 309.8 52.3 145.8 19.3 14.8 (2.5 ) 539.5
Interest expense, net of AFUDC (167.9 ) (19.0 ) (36.7 ) (8.9 ) (33.3 ) 25.6 (240.2 )
Interest income 6.0 - 3.8 2.4 34.3 (26.6 ) 19.9
Other income, net 27.6 1.2 13.0 - 158.3 (158.4 ) 41.7
Income tax expense (47.9 ) (11.9 ) (41.8 ) (1.7 ) (3.0 ) (3.1 ) (109.4 )
Preferred dividends (4.0 ) - (1.6 ) - - - (5.6 )
Income from continuing operations 123.6 22.6 82.5 11.1 171.1 (165.0 ) 245.9
Income from discontinued operations - - - 0.6 - - 0.6
Net income $ 123.6 $ 22.6 $ 82.5 $ 11.7 $ 171.1 $ (165.0 ) $ 246.5
Total assets (2) $ 9,977.1 $1,309.1 $ - $ 150.6 $4,154.3 $(4,009.3 ) $11,581.8
Cash flows for total investments in plant (3) $ 372.3 $ 57.6 $ 668.9 $ 0.9 $ 15.1 $ - $ 1,114.8
For the Year Ended December 31, 2006
Operating revenues $ 5,336.0 $ 453.9 $ 216.0 $ 901.8 $ 355.0 $ (385.0 ) $ 6,877.7
Depreciation and amortization (387.2 ) (22.7 ) (29.8 ) (0.7 ) (18.8 ) 14.1 (445.1 )
Other operating expenses (4,652.5 ) (401.0 ) (93.6 ) (1,076.8 ) (335.9 ) 363.2 (6,196.6 )
Operating income/(loss) 296.3 30.2 92.6 (175.7 ) 0.3 (7.7 ) 236.0
Interest expense, net of AFUDC (160.1 ) (16.5 ) (22.4 ) (26.9 ) (37.1 ) 24.8 (238.2 )
Interest income 8.4 - 0.4 5.1 32.8 (28.3 ) 18.4
Other income, net 31.9 1.4 6.8 0.1 205.2 (199.5 ) 45.9
Income tax benefit/(expense) 13.4 (3.2 ) (16.4 ) 78.1 5.0 (0.6 ) 76.3
Preferred dividends (4.3 ) - (1.2 ) - - - (5.5 )
Income/(loss) from continuing operations 185.6 11.9 59.8 (119.3 ) 206.2 (211.3 ) 132.9
Income from discontinued operations - - - 330.6 - 7.1 337.7
Net income $ 185.6 $ 11.9 $ 59.8 $ 211.3 $ 206.2 $ (204.2 ) $ 470.6
Cash flows for total investments in plant (3) $ 305.8 $ 87.6 $ 430.9 $ 25.8 $ 22.1 $ - $ 872.2
(1) Includes PSNH generation activities.
(2) Information for segmenting total assets between electric distribution and transmission is not
available at December31, 2008 and 2007. On a NU consolidated basis, these distribution and
transmission assets are disclosed in the electric distribution columns above.
(3)
Cash flows for total investments in plant included in the segment information above are cash
capital expenditures that do not include amounts incurred but not paid, cost of removal,
AFUDC related to equity funds, and the capitalized portions of pension and PBOP expense or
income.
NU’s segment information for the years ended December 31, 2008, 2007 and 2006 is as follows (some amounts may not agree between the financial statements and the segment
schedules due to rounding):
Distribution(1)
Regulated Companies