OG&E 2012 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2012 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 92

  • 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

76 OGE Energy Corp.
Natural Gas Natural Gas
Electric Transportation Gathering and Other
(In millions) Utility and Storage Processing Operations Eliminations Total
2012
Operating revenues $2,141.2 $÷«639.5 $1,222.6 $÷÷÷«– $÷«(332.1) $3,671.2
Cost of goods sold 879.1 504.9 868.7 – (334.0) 1,918.7
Gross margin on revenues 1,262.1 134.6 353.9 – 1.9 1,752.5
Other operation and maintenance 446.3 49.8 123.1 (17.7) – 601.5
Depreciation and amortization 248.7 24.0 84.8 13.5 – 371.0
Impairment of assets ––0.4––0.4
Gain on insurance proceeds – – (7.5) – – (7.5)
Taxes other than income 77.7 15.7 12.6 4.2 – 110.2
Operating income (loss) $÷«489.4 $÷÷«45.1 $÷«140.5 $÷÷÷«– $÷÷÷÷1.9 $÷«676.9
Total assets $7,222.4 $2,330.8 $1,868.6 $272.6 $(1,772.2) $9,922.2
Capital expenditures(A) $÷«704.4 $÷÷«32.0 $÷«475.4 $÷18.3 $÷÷÷«(0.9) $1,229.2
2011
Operating revenues $2,211.5 $÷«880.1 $1,167.1 $÷÷÷«— $÷«(342.8) $3,915.9
Cost of goods sold 1,013.5 736.0 870.7 – (342.3) 2,277.9
Gross margin on revenues 1,198.0 144.1 296.4 – (0.5) 1,638.0
Other operation and maintenance 436.0 50.7 111.8 (17.3) – 581.2
Depreciation and amortization 216.1 22.0 55.6 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 15.0 7.0 4.1 – 99.7
Operating income (loss) $÷«472.3 $÷÷«56.4 $÷«118.7 $÷«(0.2) $÷÷÷«(0.5) $÷«646.7
Total assets $6,620.9 $1,836.9 $1,483.8 $166.6 $(1,202.2) $8,906.0
Capital expenditures(B) $÷«844.5 $÷÷«41.1 $÷«572.0 $÷13.8 $÷÷÷«(0.6) $1,470.8
2010
Operating revenues $2,109.9 $÷«984.8 $1,005.6 $÷÷«÷– $÷«(383.4) $3,716.9
Cost of goods sold 1,000.2 834.5 733.3 – (380.6) 2,187.4
Gross margin on revenues 1,109.7 150.3 272.3 – (2.8) 1,529.5
Other operation and maintenance 418.1 53.8 91.5 (13.6) – 549.8
Depreciation and amortization 208.7 21.2 50.1 11.3 – 291.3
Impairment of assets – 0.7 0.4 – – 1.1
Taxes other than income 69.2 14.2 6.4 3.6 – 93.4
Operating income (loss) $÷«413.7 $÷÷«60.4 $÷«123.9 $÷«(1.3) $÷÷÷«(2.8) $÷«593.9
Total assets $5,898.1 $1,316.6 $÷«973.8 $135.4 $÷«(654.8) $7,669.1
Capital expenditures $÷«631.6 $÷÷«72.6 $÷«164.0 $÷14.1 $÷÷÷«(2.4) $÷«879.9
(A) Includes $78.6 million related to the acquisition of certain gas gathering assets as discussed in Note 3.
(B) 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, OG&E wind farm land leases and
OGE Energy and Enogex noncancellable operating leases. Future
minimum payments for noncancellable operating leases are as follows:
After
(In millions, year ended December 31) 2013 2014 2015 2016 2017 2017 Total
Operating lease obligations
OG&E railcars $÷3.2 $2.8 $2.7 $27.3 $÷«– $÷÷«– $÷36.0
OG&E wind farm land leases 2.0 2.1 2.1 2.1 2.4 51.2 61.9
OGE Energy noncancellable operating lease 0.3 0.8 0.8 0.8 0.8 0.7 4.2
Enogex noncancellable operating leases 5.2 3.7 3.5 3.4 0.7 – 16.5
Total operating lease obligations $10.7 $9.4 $9.1 $33.6 $3.9 $51.9 $118.6
Payments for operating lease obligations were $14.2 million,
$10.4 million and $10.3 million for the years ended December 31, 2012,
2011 and 2010, respectively.