Attached files
| file | filename |
|---|---|
| EX-99 - NEWS RELEASE - EVERSOURCE ENERGY | newsreleaseeversourceq4earni.htm |
| 8-K - CURRENT REPORT ON FORM 8-K - EVERSOURCE ENERGY | form8kq42015.htm |
| EX-99 - SLIDE PRESENTATION - EVERSOURCE ENERGY | analystq42015presentation.htm |
EXHIBIT 99.2
| EVERSOURCE ENERGY AND SUBSIDIARIES | |||||||
| CONSOLIDATED STATEMENTS OF INCOME | |||||||
| (Unaudited) | |||||||
|
|
|
| |||||
|
|
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| For the Three Months Ended December 31, | ||||
| (Thousands of Dollars, Except Share Information) | 2015 |
| 2014 | ||||
|
|
|
|
|
|
|
|
|
Operating Revenues | $ | 1,691,231 |
| $ | 1,881,120 | ||
|
|
|
|
|
|
|
|
|
Operating Expenses: |
|
|
|
|
| ||
|
| Purchased Power, Fuel and Transmission |
| 537,098 |
|
| 702,557 | |
|
| Operations and Maintenance |
| 351,983 |
|
| 358,574 | |
|
| Depreciation |
| 170,467 |
|
| 158,433 | |
|
| Amortization of Regulatory Liabilities, Net |
| (20,248) |
|
| (21,122) | |
|
| Energy Efficiency Programs |
| 115,141 |
|
| 112,898 | |
|
| Taxes Other Than Income Taxes |
| 151,354 |
|
| 139,519 | |
|
|
| Total Operating Expenses |
| 1,305,795 |
|
| 1,450,859 |
Operating Income |
| 385,436 |
|
| 430,261 | ||
| Interest Expense |
| 92,785 |
|
| 89,898 | ||
Other Income, Net |
| 10,361 |
|
| 5,565 | ||
| Income Before Income Tax Expense |
| 303,012 |
|
| 345,928 | ||
Income Tax Expense |
| 119,327 |
|
| 122,440 | ||
| Net Income |
| 183,685 |
|
| 223,488 | ||
Net Income Attributable to Noncontrolling Interests |
| 1,880 |
|
| 1,879 | ||
| Net Income Attributable to Common Shareholders | $ | 181,805 |
| $ | 221,609 | ||
|
|
|
|
|
|
|
|
|
| Basic and Diluted Earnings Per Common Share | $ | 0.57 |
| $ | 0.69 | ||
|
|
|
|
|
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|
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| Weighted Average Common Shares Outstanding: |
|
|
|
|
| ||
|
| Basic |
| 317,459,769 |
|
| 316,721,275 | |
|
| Diluted |
| 318,543,188 |
|
| 318,109,809 | |
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 Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.
EVERSOURCE ENERGY AND SUBSIDIARIES | ||||||||||
CONSOLIDATED STATEMENTS OF INCOME | ||||||||||
(Unaudited) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
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|
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| For the Years Ended December 31, | |||||||
| (Thousands of Dollars, Except Share Information) | 2015 |
| 2014 |
| 2013 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
Operating Revenues | $ | 7,954,827 |
| $ | 7,741,856 |
| $ | 7,301,204 | ||
|
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|
|
|
|
|
|
|
|
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|
Operating Expenses: |
|
|
|
|
|
|
|
| ||
|
| Purchased Power, Fuel and Transmission |
| 3,086,905 |
|
| 3,021,550 |
|
| 2,482,954 | |
|
| Operations and Maintenance |
| 1,329,289 |
|
| 1,427,589 |
|
| 1,514,986 | |
|
| Depreciation |
| 665,856 |
|
| 614,657 |
|
| 610,777 | |
|
| Amortization of Regulatory Assets, Net |
| 22,339 |
|
| 10,704 |
|
| 206,322 | |
|
| Amortization of Rate Reduction Bonds |
| - |
|
| - |
|
| 42,581 | |
|
| Energy Efficiency Programs |
| 495,701 |
|
| 473,127 |
|
| 401,919 | |
|
| Taxes Other Than Income Taxes |
| 590,573 |
|
| 561,380 |
|
| 512,230 | |
|
|
| Total Operating Expenses |
| 6,190,663 |
|
| 6,109,007 |
|
| 5,771,769 |
Operating Income |
| 1,764,164 |
|
| 1,632,849 |
|
| 1,529,435 | ||
Interest Expense |
| 372,420 |
|
| 362,106 |
|
| 338,699 | ||
Other Income, Net |
| 34,227 |
|
| 24,619 |
|
| 29,894 | ||
Income Before Income Tax Expense |
| 1,425,971 |
|
| 1,295,362 |
|
| 1,220,630 | ||
Income Tax Expense |
| 539,967 |
|
| 468,297 |
|
| 426,941 | ||
Net Income |
| 886,004 |
|
| 827,065 |
|
| 793,689 | ||
Net Income Attributable to Noncontrolling Interests |
| 7,519 |
|
| 7,519 |
|
| 7,682 | ||
Net Income Attributable to Common Shareholders | $ | 878,485 |
| $ | 819,546 |
| $ | 786,007 | ||
|
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Basic Earnings Per Common Share | $ | 2.77 |
| $ | 2.59 |
| $ | 2.49 | ||
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Diluted Earnings Per Common Share | $ | 2.76 |
| $ | 2.58 |
| $ | 2.49 | ||
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Weighted Average Common Shares Outstanding: |
|
|
|
|
|
|
|
| ||
|
| Basic |
| 317,336,881 |
|
| 316,136,748 |
|
| 315,311,387 | |
|
| Diluted |
| 318,432,687 |
|
| 317,417,414 |
|
| 316,211,160 | |
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 Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.