Hess 2002 Annual Report Download - page 46

44
19. Segment Information (Continued)
The following table presents financial data by operating segment for each of the three years ended December 31, 2002:
Exploration and Refining and Corporate and
Millions of dollars Production Marketing Interest Consolidated*
2002
Operating revenues
Total operating revenues $ 4,195 $8,351 $ 1
Less: Transfers between affiliates 615 ——
Operating revenues from unaffiliated customers $ 3,580 $8,351 $ 1 $11,932
Operating earnings (loss) $ 752 $ 40 $(241) $ 551
Special items (814) 45 — (769)
Net income (loss) $ (62) $ 85 $(241) $ (218)
Earnings of equity affiliates $ (4) $ (38) $ — $ (42)
Interest income 538 144
Interest expense —— 269 269
Depreciation, depletion, amortization and lease impairment 1,305 55 1 1,361
Asset impairments 1,100 —— 1,100
Provision (benefit) for income taxes 252 47 (132) 167
Investments in equity affiliates 617 1,001
— 1,618
Identifiable assets 8,392 4,218 652 13,262
Capital employed 6,657 2,465 118 9,240
Capital expenditures 1,404 123 7 1,534
2001
Operating revenues
Total operating revenues $ 4,812 $9,454 $ 2
Less: Transfers between affiliates 855 ——
Operating revenues from unaffiliated customers $ 3,957 $9,454 $ 2 $13,413
Operating earnings (loss) $ 923 $ 235 $(213) $ 945
Special items (29) (2) — (31)
Net income (loss) $ 894 $ 233 $(213) $ 914
Earnings of equity affiliates $ (2) $ 54 $ — $52
Interest income 645 859
Interest expense —— 194 194
Depreciation, depletion, amortization and lease impairment 951 51 3 1,005
Provision (benefit) for income taxes 528 65 (69) 524
Investments in equity affiliates 580 1,052
— 1,632
Identifiable assets 10,412 4,797 160 15,369
Capital employed 7,534 2,999 39 10,572
Capital expenditures 5,061 155 5 5,221
2000
Operating revenues
Total operating revenues $ 3,970 $8,813 $ 2
Less: Transfers between affiliates 792 ——
Operating revenues from unaffiliated customers $ 3,178 $8,813 $ 2 $11,993
Operating earnings (loss) $ 868 $ 288 $(169) $ 987
Special items — (24) 60 36
Net income (loss) $ 868 $ 264 $(109) $ 1,023
Earnings of equity affiliates $ 1 $ 121 $ 6 $ 128
Interest income 7591177
Interest expense —— 162 162
Depreciation, depletion, amortization and lease impairment 700 39 8 747
Provision (benefit) for income taxes 612 50 (13) 649
Investments in equity affiliates 147 894
— 1,041
Identifiable assets 4,688 4,976 610 10,274
Capital employed 2,817 2,747 369 5,933
Capital expenditures 783 154 1 938
* After elimination of transactions between affiliates, which are valued at approximate market prices.