EX-99 4 december2016brokersstatement.htm BROKER'S STATEMENT Converted by EDGARwiz

EXHIBIT 99.2


EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

 (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended December 31,

(Thousands of Dollars, Except Share Information)

2016

 

2015 

 

 

 

 

 

 

 

 

Operating Revenues

$

1,776,604

 

$

1,691,231 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

Purchased Power, Fuel and Transmission

 

498,899

 

 

537,098 

 

Operations and Maintenance

 

357,965

 

 

351,983 

 

Depreciation

 

183,685

 

 

170,467 

 

Amortization of Regulatory Assets/(Liabilities), Net

 

15,473

 

 

(20,248)

 

Energy Efficiency Programs

 

127,697

 

 

115,141 

 

Taxes Other Than Income Taxes

 

154,853

 

 

151,354 

 

 

Total Operating Expenses

 

1,338,572

 

 

1,305,795 

Operating Income

 

438,032

 

 

385,436 

Interest Expense

 

102,393

 

 

92,785 

Other Income, Net

 

22,231

 

 

10,361 

Income Before Income Tax Expense

 

357,870

 

 

303,012 

Income Tax Expense

 

126,811

 

 

119,327 

Net Income

 

231,059

 

 

183,685 

Net Income Attributable to Noncontrolling Interests

 

1,880

 

 

1,880 

Net Income Attributable to Common Shareholders

$

229,179

 

$

181,805 

 

 

 

 

 

 

 

 

Basic and Diluted Earnings Per Common Share

$

0.72

 

$

0.57 

 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding:

 

 

 

 

 

 

Basic

 

317,510,251

 

 

317,459,769 

 

Diluted

 

318,282,127

 

 

318,543,188 



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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

(Thousands of Dollars, Except Share Information)

2016

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

$

7,639,129

 

$

7,954,827

 

$

7,741,856

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

Purchased Power, Fuel and Transmission

 

2,500,828

 

 

3,086,905

 

 

3,021,550

 

Operations and Maintenance

 

1,323,549

 

 

1,329,289

 

 

1,427,589

 

Depreciation

 

715,466

 

 

665,856

 

 

614,657

 

Amortization of Regulatory Assets, Net

 

71,696

 

 

22,339

 

 

10,704

 

Energy Efficiency Programs

 

533,659

 

 

495,701

 

 

473,127

 

Taxes Other Than Income Taxes

 

634,072

 

 

590,573

 

 

561,380

 

 

Total Operating Expenses

 

5,779,270

 

 

6,190,663

 

 

6,109,007

Operating Income

 

1,859,859

 

 

1,764,164

 

 

1,632,849

Interest Expense

 

400,961

 

 

372,420

 

 

362,106

Other Income, Net

 

45,920

 

 

34,227

 

 

24,619

Income Before Income Tax Expense

 

1,504,818

 

 

1,425,971

 

 

1,295,362

Income Tax Expense

 

554,997

 

 

539,967

 

 

468,297

Net Income

 

949,821

 

 

886,004

 

 

827,065

Net Income Attributable to Noncontrolling Interests

 

7,519

 

 

7,519

 

 

7,519

Net Income Attributable to Common Shareholders

$

942,302

 

$

878,485

 

$

819,546

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

$

2.97

 

$

2.77

 

$

2.59

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share

$

2.96

 

$

2.76

 

$

2.58

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

317,650,180

 

 

317,336,881

 

 

316,136,748

 

Diluted

 

318,454,239

 

 

318,432,687

 

 

317,417,414



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.