EX-99.2 FINANCIALS 4 vvc8k-financials_restated.txt EX 99-2 Selected operating data for as of and for the year ending December 31, 2002 follows: Selected Operating Data - In Millions (except per share amount) - UNAUDITED ------------------------------------------------------------------------------ Year Ending December 31, 2002 Operating revenues $ 1,817.5 Pretax operating income 210.6 Net income 114.6 Basic earnings per share $ 1.70 ------------------------------------------------------------------------------ Selected Balance Sheet Data - In Millions - UNAUDITED ------------------------------------------------------------------------------ At December 31, 2002 Total assets $ 2,920.5 Short-term borrowings 399.5 Long-term debt, including current obligations 1,020.6 Total shareholders' equity 866.9 Total capitalization, including current obligations 1,887.8 Equity as a percent of total capitalization, including current obligations 46% ------------------------------------------------------------------------------ The effects of the restatement on summarized financial data as of and for the year ending December 31, 2001 follows: Selected Operating Data - In Millions (except per share amounts) - UNAUDITED Year Ended December 31, 2001 ------------------------------------------------------------------------------- As Reported Adjustment As Restated ------------------------------------------------------------------------------- Operating revenues $ 2,170.0 $ (12.5) $ 2,157.5 Pretax operating income 139.6 (14.1) 125.5 Net income 63.6 (12.4) 51.2 Basic earnings per share $ 0.95 $ (0.18) $ 0.77 ------------------------------------------------------------------------------- Selected Balance Sheet Data - In Millions - UNAUDITED At December 31, 2001 ------------------------------------------------------------------------------- As Reported Adjustment As Restated ------------------------------------------------------------------------------- Total assets $ 2,856.8 $ (3.7) $ 2,853.1 Short-term borrowings 381.7 - 381.7 Long-term debt, including current obligations 1,026.8 - 1,026.8 Total shareholders' equity 848.6 (12.4) 836.2 Total capitalization, including current obligations 1,875.9 (12.4) 1,863.5 Equity as a percent of total capitalization, including current obligations 45% 0% 45% -------------------------------------------------------------------------------E The Company cautions that actual results could differ materially from those contained in this filing, since the audit of the above periods has not been completed. Specifically, the reaudit of its 2000 financial statements could result in restating its results from 2000, 2001, and 2002.