EX-99.2 3 tm209303d1_ex99-2.htm EXHIBIT 99.2

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)  2019   2018 
Operating Revenues  $2,050,386   $2,034,958 
           
Operating Expenses:          
Purchased Power, Fuel and Transmission   714,119    696,017 
Operations and Maintenance   368,452    364,333 
Depreciation   228,646    207,853 
Amortization   11,620    77,917 
Energy Efficiency Programs   118,584    106,218 
Taxes Other Than Income Taxes   173,400    182,597 
Total Operating Expenses   1,614,821    1,634,935 
Operating Income   435,565    400,023 
Interest Expense   133,543    126,072 
Other Income, Net   28,959    27,710 
Income Before Income Tax Expense   330,981    301,661 
Income Tax Expense   79,064    68,475 
Net Income   251,917    233,186 
Net Income Attributable to Noncontrolling Interests   1,880    1,880 
Net Income Attributable to Common Shareholders  $250,037   $231,306 
           
Basic Earnings Per Common Share  $0.77   $0.73 
           
Diluted Earnings Per Common Share  $0.76   $0.73 
           
Weighted Average Common Shares Outstanding:          
Basic   324,337,587    317,379,717 
Diluted   327,053,634    318,130,237 

 

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to 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)  2019   2018   2017 
Operating Revenues  $8,526,470   $8,448,201   $7,751,952 
                
Operating Expenses:               
Purchased Power, Fuel and Transmission   3,040,160    3,138,969    2,535,271 
Operations and Maintenance   1,363,113    1,335,213    1,307,052 
Depreciation   885,278    819,930    773,802 
Amortization   195,380    252,026    89,986 
Energy Efficiency Programs   501,369    472,380    480,835 
Taxes Other Than Income Taxes   711,035    729,753    676,757 
Impairment of Northern Pass Transmission   239,644         
Total Operating Expenses   6,935,979    6,748,271    5,863,703 
Operating Income   1,590,491    1,699,930    1,888,249 
Interest Expense   533,197    498,805    421,755 
Other Income, Net   132,777    128,366    107,913 
Income Before Income Tax Expense   1,190,071    1,329,491    1,574,407 
Income Tax Expense   273,499    288,972    578,892 
Net Income   916,572    1,040,519    995,515 
Net Income Attributable to Noncontrolling Interests   7,519    7,519    7,519 
Net Income Attributable to Common Shareholders  $909,053   $1,033,000   $987,996 
                
Basic Earnings Per Common Share  $2.83   $3.25   $3.11 
                
Diluted Earnings Per Common Share  $2.81   $3.25   $3.11 
                
Weighted Average Common Shares Outstanding:               
Basic   321,416,086    317,370,369    317,411,097 
Diluted   322,941,636    317,993,934    318,031,580 

 

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to 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.