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As Of Filer Filing For·On·As Docs:Size Issuer Agent 2/11/15 Nstar Electric Co 8-K:2,7,9 2/11/15 4:4.8M Northeast Utilities Connecticut Light & Power Co Northeast Utilities Western Massachusetts Electric Co Public Service Co of New Hampshire |
Document/Exhibit Description Pages Size 1: 8-K Current Report on Form 8-K HTML 19K 3: EX-99 Income Statement HTML 41K 2: EX-99 Miscellaneous Exhibit -- newsrelease HTML 36K 4: EX-99 Slide Presentation HTML 12K
| Converted by EDGARwiz |
EXHIBIT 99.2
| NORTHEAST UTILITIES AND SUBSIDIARIES | ||||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
| For the Three Months Ended December 31, | |||||||||||||||
| (Thousands of Dollars, Except Share Information) | 2014 |
| 2013 | |||||||||||||
|
|
|
|
|
|
| |||||||||||
Operating Revenues | $ | 1,881,120 |
| $ | 1,777,729 | |||||||||||
|
|
|
|
|
|
|
|
| |||||||||
Operating Expenses: |
|
|
|
|
| |||||||||||
|
| Purchased Power, Fuel and Transmission |
| 702,557 |
|
| 600,962 | ||||||||||
|
| Operations and Maintenance |
| 358,574 |
|
| 425,026 | ||||||||||
|
| Depreciation |
| 158,433 |
|
| 147,142 | ||||||||||
|
| Amortization of Regulatory Assets/(Liabilities), Net |
| (21,122) |
|
| 27,653 | ||||||||||
|
| Energy Efficiency Programs |
| 112,898 |
|
| 95,910 | ||||||||||
|
| Taxes Other Than Income Taxes |
| 139,519 |
|
| 120,384 | ||||||||||
|
|
| Total Operating Expenses |
| 1,450,859 |
|
| 1,417,077 | |||||||||
Operating Income |
|
430,261 |
|
| 360,652 | |||||||||||
|
|
|
|
|
|
|
|
| |||||||||
Interest Expense: |
|
|
|
|
| |||||||||||
|
| Interest on Long-Term Debt |
| 84,925 |
|
| 84,766 | ||||||||||
|
| Other Interest |
| 4,973 |
|
|
3,351 | ||||||||||
|
|
| Interest Expense |
| 89,898 |
|
| 88,117 | |||||||||
Other Income, Net |
| 5,565 |
|
| 8,239 | |||||||||||
|
Income Before Income Tax Expense |
| 345,928 |
|
| 280,774 | |||||||||||
Income Tax Expense |
| 122,440 |
|
| 101,498 | |||||||||||
| Net Income |
| 223,488 |
|
| 179,276 | |||||||||||
Net Income Attributable to Noncontrolling Interests |
| 1,879 |
|
| 1,879 | |||||||||||
| Net Income Attributable to Controlling Interest | $ | 221,609 |
| $ |
177,397 | |||||||||||
|
|
|
|
|
|
|
|
| |||||||||
| Basic and Diluted Earnings Per Common Share | $ | 0.69 |
| $ | 0.56 | |||||||||||
|
|
|
|
|
|
|
|
| |||||||||
| Weighted Average Common Shares Outstanding: |
|
|
|
|
| |||||||||||
|
| Basic |
|
316,721,275 |
|
| 315,647,036 | ||||||||||
|
| Diluted |
| 318,109,809 |
|
| 316,637,990 | ||||||||||
| The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities. |
NORTHEAST UTILITIES AND SUBSIDIARIES | ||||||||||
CONSOLIDATED STATEMENTS OF INCOME | ||||||||||
(Unaudited) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Years Ended December 31, | |||||||
| (Thousands of Dollars, Except Share Information) | 2014 |
|
2013 |
| 2012 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
Operating Revenues | $ | 7,741,856 |
|
$ | 7,301,204 |
| $ | 6,273,787 | ||
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses: |
|
|
|
|
|
|
|
| ||
|
| Purchased Power, Fuel and Transmission |
| 3,021,550 |
|
| 2,482,954 |
|
| 2,084,364 | |
|
| Operations and Maintenance |
| 1,427,589 |
|
| 1,514,986 |
|
| 1,583,070 | |
|
| Depreciation |
| 614,657 |
|
| 610,777 |
|
|
519,010 | |
|
| Amortization of Regulatory Assets, Net |
| 10,704 |
|
| 206,322 |
|
| 79,762 | |
|
| Amortization of Rate Reduction Bonds |
| - |
|
|
42,581 |
|
| 142,019 | |
|
| Energy Efficiency Programs |
| 473,127 |
|
| 401,919 |
|
| 313,149 | |
|
| Taxes Other Than Income Taxes |
| 561,380 |
|
| 512,230 |
|
| 434,207 | |
|
|
| Total Operating Expenses |
| 6,109,007 |
|
| 5,771,769 |
|
|
5,155,581 |
Operating Income |
| 1,632,849 |
|
| 1,529,435 |
|
| 1,118,206 | ||
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense: |
|
|
|
|
|
|
|
| ||
|
| Interest on Long-Term Debt |
| 345,001 |
|
| 340,970 |
|
| 316,987 | |
|
| Interest on Rate Reduction Bonds |
| - |
|
| 422 |
|
| 6,168 | |
|
| Other Interest |
| 17,105 |
|
| (2,693) |
|
| 6,790 | |
|
|
| Interest Expense |
| 362,106 |
|
| 338,699 |
|
| 329,945 |
Other Income, Net |
| 24,619 |
|
| 29,894 |
|
| 19,742 | ||
Income Before Income Tax Expense |
| 1,295,362 |
|
| 1,220,630 |
|
| 808,003 | ||
Income Tax Expense |
| 468,297 |
|
| 426,941 |
|
| 274,926 | ||
Net Income |
| 827,065 |
|
| 793,689 |
|
|
533,077 | ||
Net Income Attributable to Noncontrolling Interests |
| 7,519 |
|
| 7,682 |
|
| 7,132 | ||
Net Income Attributable to Controlling Interest | $ | 819,546 |
| $ | 786,007 |
| $ | 525,945 | ||
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share | $ | 2.59 |
|
$ | 2.49 |
| $ | 1.90 | ||
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share | $ | 2.58 |
| $ | 2.49 |
| $ | 1.89 | ||
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Common Shares Outstanding: |
|
|
|
|
|
|
|
| ||
|
| Basic |
| 316,136,748 |
|
| 315,311,387 |
|
| 277,209,819 | |
|
|
Diluted |
| 317,417,414 |
|
| 316,211,160 |
|
| 277,993,631 | |
|
|
|
|
|
|
|
|
|
|
|
|
The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities. | ||||||||||
