Progress Energy 2008 Annual Report Download - page 108
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
106
20. OTHER INCOME AND OTHER EXPENSE
Other income and expense includes interest income and
other income and expense items as discussed below.
Nonregulated energy and delivery services include power
protection services and mass market programs such as
surge protection, appliance services and area light sales,
and delivery, transmission and substation work for other
utilities. The components of other, net as shown on the
accompanying Consolidated Statements of Income for the
years ended December 31 were as follows:
(in millions) PEC PEF Corporate
and Other Eliminations Totals
As of and for the year ended December 31, 2008
Revenues
Unaffiliated $4,429 $4,730 $8 $ – $9,167
Intersegment – 1 361 (362) –
Total revenues 4,429 4,731 369 (362) 9,167
Depreciation, amortization and accretion 518 306 15 –839
Interest income 12 938 (35) 24
Total interest charges, net 207 208 259 (35) 639
Income tax expense (benefit) 298 181 (84) –395
Segment profit (loss) 531 383 (141) –773
Total assets 13,165 12,471 17,483 (13,246) 29,873
Capital and investment expenditures 939 1,601 33 (13) 2,560
As of and for the year ended December 31, 2007
Revenues
Unaffiliated $4,385 $4,748 $ 20 $ – $9,153
Intersegment – 1 393 (394) –
Total revenues 4,385 4,749 413 (394) 9,153
Depreciation, amortization and accretion 519 366 20 –905
Interest income 21 955 (51) 34
Total interest charges, net 210 173 258 (53) 588
Income tax expense (benefit) 295 144 (105) –334
Segment profit (loss) 498 315 (120) –693
Total assets 11,955 10,063 16,356 (12,088) 26,286
Capital and investment expenditures 941 1,262 3(2) 2,204
As of and for the year ended December 31, 2006
Revenues
Unaffiliated $4,086 $4,638 $ – $ – $8,724
Intersegment – 1 729 (730) –
Total revenues 4,086 4,639 729 (730) 8,724
Depreciation, amortization and accretion 571 404 36 –1,011
Interest income 25 15 85 (66) 59
Total interest charges, net 215 150 326 (67) 624
Income tax expense (benefit) 265 193 (119) –339
Segment profit (loss) 454 326 (229) –551
Total assets 11,999 8,648 15,394 (11,266) 24,775
Capital and investment expenditures 808 741 12 (9) 1,552