Vectren 2013 Annual Report Download - page 122

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120
24. Quarterly Financial Data (Unaudited)
Information in any one quarterly period is not indicative of annual results due to the seasonal variations common to the
Company’s utility operations. Summarized quarterly financial data for 2013 and 2012 follows:
(In millions, except per share amounts) Q1 Q2 Q3 Q4
2013
Operating revenues $ 700.6 $ 531.0 $ 579.6 $ 680.0
Operating income 106.8 57.9 83.3 85.6
Net income (loss) 49.8 (5.8) 42.8 49.8
Earnings (loss) per share:
Basic $ 0.61 $ (0.07) $ 0.52 $ 0.60
Diluted 0.61 (0.07) 0.52 0.60
2012
Operating revenues $ 604.6 $ 470.6 $ 513.5 $ 644.1
Operating income 109.9 70.2 81.6 90.8
Net income 51.3 25.6 39.3 42.8
Earnings per share:
Basic $ 0.63 $ 0.31 $ 0.48 $ 0.52
Diluted 0.62 0.31 0.48 0.52
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Changes in Internal Controls over Financial Reporting
During the quarter ended December 31, 2013, there have been no changes to the Company’s internal controls over financial
reporting that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial
reporting.
Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures
As of December 31, 2013, the Company conducted an evaluation under the supervision and with the participation of the Chief
Executive Officer and Chief Financial Officer of the effectiveness and the design and operation of the Company's disclosure
controls and procedures. Based on that evaluation, the Chief Executive Officer and the Chief Financial Officer have concluded
that the Company's disclosure controls and procedures are effective as of December 31, 2013, to ensure that information
required to be disclosed in reports filed or submitted under the Exchange Act is:
1) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and
2) accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as
appropriate to allow timely decisions regarding required disclosure.
Management’s Report on Internal Control over Financial Reporting
Vectren Corporation’s management is responsible for establishing and maintaining adequate internal control over financial
reporting. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief
Financial Officer, the Company conducted an evaluation of the effectiveness of its internal control over financial reporting based
on the framework in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on that evaluation under the framework in Internal Control — Integrated Framework (1992), the
Company concluded that its internal control over financial reporting was effective as of December 31, 2013.