OG&E 2011 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2011 OG&E annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

OGE Energy Corp. 79
Electric Transportation Gathering and Other
(In millions) Utility and Storage Processing Marketing Operations Eliminations Total
2011
Operating revenues $2,211.5 $÷«410.5 $1,167.1 $678.0 $÷÷÷«— $÷«(551.2) $3,915.9
Cost of goods sold 1,013.5 253.3 870.7 688.1 – (547.7) 2,277.9
Gross margin on revenues 1,198.0 157.2 296.4 (10.1) – (3.5) 1,638.0
Other operation and maintenance 436.0 46.5 111.8 7.3 (17.3) (3.1) 581.2
Depreciation and amortization 216.1 21.6 55.6 0.4 13.4 – 307.1
Impairment of assets ––6.3–––6.3
Gain on insurance proceeds – – (3.0) – – – (3.0)
Taxes other than income 73.6 14.7 7.0 0.3 4.1 – 99.7
Operating income (loss) $÷«472.3 $÷÷«74.4 $÷«118.7 $«(18.1) $÷«(0.2) $÷÷÷«(0.4) $÷«646.7
Total assets $6,620.9 $1,805.5 $1,483.8 $÷74.5 $166.6 $(1,245.3) $8,906.0
Capital expenditures(A) $÷«844.5 $÷÷«39.3 $÷«572.0 $÷÷1.8 $÷13.8 $÷÷÷«(0.6) $1,470.8
2010
Operating revenues $2,109.9 $÷«403.6 $1,005.6 $798.5 $÷÷«÷– $÷«(600.7) $3,716.9
Cost of goods sold 1,000.2 246.4 733.3 804.7 – (597.2) 2,187.4
Gross margin on revenues 1,109.7 157.2 272.3 (6.2) – (3.5) 1,529.5
Other operation and maintenance 418.1 48.9 91.5 8.4 (13.6) (3.5) 549.8
Depreciation and amortization 208.7 21.1 50.1 0.1 11.3 – 291.3
Impairment of assets –0.70.4–––1.1
Taxes other than income 69.2 13.9 6.4 0.3 3.6 – 93.4
Operating income (loss) $÷«413.7 $÷÷«72.6 $÷«123.9 $«(15.0) $÷«(1.3) $÷÷÷÷÷«– $÷«593.9
Total assets $5,898.1 $1,246.1 $÷«973.8 $÷94.5 $135.4 $÷«(678.8) $7,669.1
Capital expenditures $÷«631.6 $÷÷«70.2 $÷«164.0 $÷÷2.4 $÷14.1 $÷÷÷«(2.4) $÷«879.9
2009
Operating revenues $1,751.2 $÷«401.0 $÷«657.5 $619.9 $÷÷÷«– $÷«(559.9) $2,869.7
Cost of goods sold 796.3 239.9 458.8 617.7 – (555.0) 1,557.7
Gross margin on revenues 954.9 161.1 198.7 2.2 – (4.9) 1,312.0
Other operation and maintenance 348.0 40.9 87.2 9.2 (13.9) (4.6) 466.8
Depreciation and amortization 187.4 20.4 43.9 0.1 10.8 – 262.6
Impairment of assets 0.30.91.9–––3.1
Taxes other than income 65.1 13.2 5.5 0.4 3.4 – 87.6
Operating income (loss) $÷«354.1 $÷÷«85.7 $÷«÷60.2 $÷«(7.5) $÷«(0.3) $÷÷÷«(0.3) $÷«491.9
Total assets $5,478.1 $1,159.5 $÷«866.1 $125.2 $137.3 $÷«(499.5) $7,266.7
Capital expenditures $÷«600.5 $÷÷«71.4 $÷«166.0 $÷««÷«– $÷10.2 $÷÷÷«(0.3) $÷«847.8
(A) Includes $200.4 million related to the acquisition of certain gas gathering assets as discussed in Note 3.
16. Commitments and Contingencies
Operating Lease Obligations
The Company has operating lease obligations expiring at various dates,
primarily for OG&E railcar leases and Enogex noncancellable operating
leases. Future minimum payments for noncancellable operating leases
are as follows:
2017 and
(In millions, year ended December 31) 2012 2013 2014 2015 2016 Beyond Total
Operating lease obligations
OG&E railcars $2.9 $2.9 $2.8 $2.7 $27.4 $÷«– $38.7
Enogex noncancellable operating leases 3.9 3.0 2.4 2.4 2.2 0.6 14.5
Total operating lease obligations $6.8 $5.9 $5.2 $5.1 $29.6 $0.6 $53.2
Payments for operating lease obligations were $9.5 million,
$9.4 million and $9.2 million for the years ended December 31, 2011,
2010 and 2009, respectively.