-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VpR1eH6rj7tHtLRbPTfRZBqQ91YDFeHj+aqvLST54yxzD9Vd3LM5VSAvjryJrU/b X2bovXL+mY/qo4lOmxqh6Q== 0000031224-98-000003.txt : 19980218 0000031224-98-000003.hdr.sgml : 19980218 ACCESSION NUMBER: 0000031224-98-000003 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980217 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN UTILITIES ASSOCIATES CENTRAL INDEX KEY: 0000031224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041271872 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-07287 FILM NUMBER: 98540615 BUSINESS ADDRESS: STREET 1: ONE LIBERTY SQ STREET 2: P O BOX 2333 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6173579590 35-CERT 1 RULE 24 OF EUA COGENEX CONS. FOR 3 MOS ENDED 9/30/97 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. In the matter of ) ) EASTERN UTILITIES ASSOCIATES ) Boston, Massachusetts ) ) EUA COGENEX CORPORATION ) Certificate of Lowell, Massachusetts ) Notification ) Pursuant to ) Rule 24 (70-7287) ) ) (Public Utility Holding Company Act of 1935) ) Enclosed herewith for filing by Eastern Utilities Associates and its wholly-owned subsidiary, EUA Cogenex Corporation, in accordance with the Order of the Securities and Exchange Commission entered in the above matter on February 15, 1995 (Release No. 35-26232) and pursuant to Rule 24 under the Public Utility Holding Company Act of 1935, are the consolidated and consolidating balance sheet, income statement, and statement of cash flows of EUA Cogenex for the quarter ended September 30, 1997 and such other information required to be filed by said order. EASTERN UTILITIES ASSOCIATES By: /s/ Clifford J. Hebert, Jr. Clifford J. Hebert, Jr. Treasurer EUA COGENEX CORPORATION By: /s/ Edward T. Liston Edward T. Liston President February 17, 1998 EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS SEPTEMBER 30, 1997
ASSETS EUA EUA EUA EUA EUA EUA Cogenex Cogenex Nova Day Day I&II NEM Consolidated Elimination (Division) (Division) (Division) (Division) Inc. Utility Plant and Other Investments: Utility plant in service $ $ $ $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 95,839,412 42,913,285 1,227,452 2,102,837 1,150,027 8,493,365 Less accumulated provision for depreciation 38,542,448 20,929,732 843,869 853,976 386,409 3,394,441 Net non-utility property 57,296,964 21,983,553 383,583 1,248,861 763,619 5,098,924 Investments in subsidiaries (at equity) (73,197) 48,461,972 48,388,776 Excess of carrying values of investments in subsidiaries Notes receivable 35,827,218 29,247,550 Leases receivable 16,165,978 10,852,098 Other 16,629,768 11,021,297 (186,000) 133,348 Total Utility Plant and Other Investments 125,846,732 48,461,972 121,493,273 197,583 1,248,861 763,619 5,232,272 Current Assets: Cash and temporary cash investments 10,399,536 5,833,524 (99,777) 120,255 539,987 Notes receivable 16,804,017 18,631,429 31,236,029 81,291 1,119,980 Leases receivable 2,079,344 1,052,010 Accounts receivable - Net: Customers 18,491,827 7,704,085 1,191,150 1,522,978 625,928 Accrued unbilled revenue 802,089 802,089 Others 5,527,953 23,493 5,694,817 3,660 29,240 (327,875) Accounts receivable - associated companies 5,674 6,104,222 5,433,175 323,371 230,860 Materials and supplies (at average) Plant materials and operating supplies 1,707,727 63,569 901,096 250,358 423,767 Other current assets 814,410 2,009,502 2,690,098 35,571 43,702 Total Current Assets 56,632,576 26,768,645 60,509,395 2,436,362 3,317,372 423,767 838,040 Deferred Debits: Unamortized debt expense 445,006 445,006 Unrecovered regulatory plant costs Other deferred debits 3,884,533 2,260,906 130,613 1,189,820 Total Deferred Debits 4,329,539 2,705,912 130,613 1,189,820 Total Assets $186,808,846 $75,230,618 $184,708,581 $2,764,557 $4,566,233 $1,187,385 $7,260,132 The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS September 30, 1997 ASSETS (CONTINUED)
EUA EUA EUA EUA EUA EUA EUA EUA Cogenex Citizens Highland MUPA WestCoast FRC II EC&S I EC&S II Canada Corporation Corporation (Part.) (Part.) (Part.) (Part.) (Part.) Utility Plant and Other Investments: Utility plant in service $ $ $ $ $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 4,238,452 2,000,522 2,596,864 77,490 12,258,350 18,780,768 Less accumulated provision for depreciation 402,828 533,016 1,931,851 77,490 2,220,529 6,968,307 Net non-utility property 3,835,624 1,467,506 665,014 10,037,821 11,812,461 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable 5,863,044 716,624 Leases receivable 2,050,313 473,396 2,790,171 Other 40,013 5,406,229 67,284 63,219 84,377 Total Utility Plant and Other Investments 5,863,044 3,875,637 9,640,672 732,298 10,574,435 14,687,009 Current Assets: Cash and temporary cash investments 546,774 (26,152) 505,096 1,059 598,357 263,270 867,184 1,249,959 Notes receivable 1,074,996 1,669,205 253,946 Leases receivable 355,803 155,418 516,114 Accounts receivable - Net: Customers 17,009 2,297,956 1,676,031 23,750 76,627 676,829 1,047,291 1,632,195 Accrued unbilled revenue Others 24,303 (56,797) 36,817 42,000 105,280 Accounts receivable - associated companies 55,164 67,326 Materials and supplies (at average) Plant materials and operating supplies 68,938 Other current assets 11,714 4,704 38,123 Total Current Assets 1,674,796 2,274,876 4,417,338 24,808 970,929 940,098 2,069,893 3,503,548 Deferred Debits: Unamortized debt expense Unrecovered regulatory plant costs Other deferred debits 139,025 106,858 57,310 Total Deferred Debits 139,025 106,858 57,310 Total Assets $7,676,865 $6,257,371 $14,115,320 $24,808 $1,703,227 $940,098 $12,644,328 $18,190,557 The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS September 30, 1997
LIABILITIES EUA EUA EUA EUA EUA EUA Cogenex Cogenex Nova Day Day I&II NEM Consolidated Elimination Corporation (Division) (Division) (Division) Inc. Capitalization: Common equity $47,270,350 $16,089,977 $47,645,351 ($1,022,637) $1,350,862 ($614,524) $10,728,214 Non-redeemable pref. stock of sub. Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital 31,579,453 Long-term debt - net $84,900,000 84,900,000 Total Capitalization 132,170,425 47,669,430 132,545,351 (1,022,637) 1,350,862 (614,524) 10,728,214 Current Liabilities: Preferred stock sinking fund requir. Long-term debt due within one year 6,700,000 6,700,000 Notes payable 37,184,046 19,148,528 34,070,000 982,150 1,672,073 1,784,776 50,000 Accounts payable 5,191,388 27,849 2,776,783 318,167 658,745 Accounts payable - associated comp. 521,147 6,104,222 1,156,447 803,583 270,031 115,710 Customer deposits 265,239 (6,500) Taxes accrued 783,502 50,874 53,438 28,365 Interest accrued 393,230 2,009,502 393,230 1,390,694 355,537 17,133 Dividends declared Other current liabilities 4,144,593 3,300,456 4,692 709 Total Current Liabilities 55,183,145 27,290,101 48,447,789 3,546,225 2,985,460 1,801,910 165,710 Deferred Credits: Unamortized investment credit Other deferred credits 3,072,601 271,088 2,703,874 240,970 229,911 185,163 Total Deferred Credits 3,072,601 271,088 2,703,874 240,970 229,911 185,163 Accumulated deferred taxes (3,617,324) 1,011,567 (3,818,955) Commitments and contingencies Total Liabilities and Capital. $186,808,846 $75,230,618 $184,708,581 $2,764,557 $4,566,233 $1,187,385 $7,260,132 ( ) Denotes Contra The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS September 30, 1997 LIABILITIES (CONTINUED)
EUA EUA EUA EUA EUA EUA EUA EUA Cogenex Citizens Highland MUPA WestCoast FRC II EC&S I EC&S II Canada Corp. Corpor. (Part.) (Part.) (Part.) (Part.) (Part.) Capitalization: Common equity $860,355 $98,584 $4,314,122 Non-redeemable pref. stock of sub. Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital 24,808 1,311,092 939,951 11,974,151 17,329,450 Long-term debt - net Total Capitalization 860,355 98,659 4,314,122 24,808 1,311,092 939,951 11,974,151 17,329,450 Current Liabilities: Preferred stock sinking fund requir. Long-term debt due within one year Notes payable 3,113,458 5,456,000 8,687,018 517,099 Accounts payable 483,867 113,897 509,743 8,777 147 80,390 268,721 Accounts payable - associated comp. 2,591,231 419,386 1,268,981 Customer deposits 271,739 Taxes accrued 627,954 607 22,263 Interest accrued 98,954 147,183 Dividends declared Other current liabilities 40,963 11,081 383,358 72,689 330,646 Total Current Liabilities 6,816,510 6,129,807 10,646,270 392,135 147 670,177 871,107 Deferred Credits: Unamortized investment credit Other deferred credits 13,248 (19,478) (10,000) Total Deferred Credits 13,248 (19,478) (10,000) Accumulated deferred taxes 15,657 (825,594) Commitments and contingencies Total Liabilities and Capital. $7,676,865 $6,257,371 $14,115,320 $24,808 $1,703,227 $940,098 $12,644,328 $18,190,557 ( ) Denotes Contra The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
EUA EUA EUA EUA EUA EUA Cogenex Cogenex Nova Day Day I & II NEM Consolidated Elimination Corpor. (Division) (Division) (Division) Inc. Operating Revenues $46,019,378 $18,833,947 $3,956,179 $4,654,257 $118,239 $2,750,197 Operating Expenses: Operation 37,077,594 135,000 16,864,709 5,018,657 4,079,034 554,103 39,655 Maintenance 1,072,454 561,351 15,093 18,416 Depreciation and amortization 7,040,971 3,156,324 92,376 47,226 128,901 535,890 Taxes - Other than income 513,954 141,080 132,350 153,873 28,468 132 - Income (credit) (3,068,080) (3,832,893) 523,417 - Deferred 1,043,853 824,928 218,925 Total Operating Expenses 43,680,746 135,000 17,715,499 5,258,476 4,280,133 711,472 1,336,434 Operating Income 2,338,632 (135,000) 1,118,448 (1,302,296) 374,124 (593,233) 1,413,762 Other Income and Deductions: Interest and dividend income 5,716,402 985,060 5,703,655 6,298 Equity in earnings of jointly- owned companies (110,631) 2,852,744 2,742,113 Allowance for other funds used during construction Other (deductions) income - net (519,598) 135,000 (540,486) 203,789 (9,268) Total Other Income 5,086,173 3,972,804 7,905,282 210,087 (9,268) Income (Loss) Before Interest Charges 7,424,805 3,837,804 9,023,730 (1,092,210) 374,124 (593,233) 1,404,495 Interest Charges: Interest on long-term debt 6,875,753 116,657 6,875,754 Amortization of debt expense and prem. 113,396 113,396 Other interest expense (principall short-term notes) 1,099,764 675,305 931,127 39,317 70,200 21,292 Allowance for borrowed funds used during construction - (credit) (413,382) 193,097 (87,944) Total Interest Charges 7,675,532 985,060 7,832,333 39,317 70,200 21,292 Net Income (Loss) before pref. return (250,727) 2,852,744 1,191,396 (1,131,527) 303,925 (614,524) 1,404,495 Preferred Return Requirement Net (Loss) Income ($250,727) $2,852,744 $1,191,396 ($1,131,527) $303,925 ($614,524) $1,404,495 The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (CONTINUED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
EUA EUA EUA EUA EUA EUA EUA EUA Cogenex Citizens Highland MUPA WestCoast FRC II EC&S I EC&S II Canada Corporation Corporation (Part.) (Part.) (Part.) (Part.) (Part.) Operating Revenues $2,000,191 $3,389,505 $4,782,206 $373,848 $7,400 $2,144,627 $3,008,783 Operating Expenses: Operation 1,814,526 2,847,788 4,761,450 847,717 51,991 6,019 542,082 (215,138) Maintenance 225 4,350 82 27,631 2,384 84,036 358,887 Depreciation and amortization (29) 271,644 467,948 271,007 535,380 1,534,305 Taxes - Other than income 9,892 48,160 - Income (credit) 353,769 49,899 (162,272) - Deferred Total Operating Expenses 2,168,266 3,179,448 5,119,636 847,799 350,629 8,403 1,161,499 1,678,054 Operating Income (168,075) 210,058 (337,430) (847,799) 23,219 (1,002) 983,128 1,330,729 Other Income and Deductions: Interest and dividend income 761,928 4,555 224,168 (2,951) 3,811 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net (38) (54) 2,733 (39,403) (936) (936) Total Other Income 761,890 4,501 226,901 (42,354) (936) 2,875 Income (Loss) Before Interest Charges 593,815 214,558 (110,530) (847,799) (19,135) (1,002) 982,192 1,333,604 Interest Charges: Interest on long-term debt 12,035 6,476 23,880 74,266 Amortization of debt expense and prem. Other interest expense (principall short-term notes) 127,119 219,604 366,412 Allowance for borrowed funds used during construction - (credit) (76,279) (56,062) Total Interest Charges 127,119 143,324 310,350 12,035 6,476 23,880 74,266 Net Income (Loss) before pref. return 466,696 71,234 (420,880) (859,834) (25,611) (1,002) 958,312 1,259,338 Preferred Return Requirement Net (Loss) Income $466,696 $71,234 ($420,880) ($859,834) ($25,611) ($1,002) $958,312 $1,259,338 The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
EUA EUA EUA EUA EUA EUA Cogenex Cogenex Nova Day Day I & II NEM Consolidated Elimination Corporation (Division) (Division) (Division) Inc CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) ($250,727) $2,852,744 $1,191,396 ($1,131,527) $303,925 ($614,524) $1,404,495 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 7,655,717 3,375,709 97,362 52,265 386,409 598,386 Deferred taxes 1,070,336 851,411 218,925 Gains on sales of investments in energy sav. projects paid for with notes & leases rec. (1,415,534) (878,827) Non - cash costs of energy saving proj. sales 12,952,851 7,509,664 Pension liability (272,238) (193,823) (78,415) Amortization of deferred revenues (161,512) 24,617 (181,737) Collect. & sales of proj. notes & leases rec. 12,281,673 11,151,208 Undistributed Equity earnings of sub. (2,309,422) (2,309,422) Other - net 550,673 (549,248) (246,290) 136,201 118,467 Net Changes to Working Capital: Accounts receivable 1,393,549 2,108,167 (1,215,720) 349,142 (117,079) 105,581 Materials and supplies 5,279 438,545 332,414 (423,767) Accounts payable 808,521 615,640 95,320 169,491 196,558 107,348 Accrued taxes 332,933 36,667 (1,878) 18,590 Accrued interest (2,089,293) 376,700 (2,089,292) 39,071 74,358 17,133 Other - net 827,910 (7,967,439) (1,321,610) (37,081) (13,457) Net Cash Provided from (Used in) Oper. Act. 33,690,139 (4,323,610) 15,678,051 (401,579) 983,774 (634,749) 2,371,465 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for invest. in energy proj. (29,434,059) (15,026,239) (75,995) 25,369 (1,150,027) (106) Collections on notes and leases rec. 7,684,679 7,516,873 16,667 6,484 Investments in subsidiaries Net Cash Provided from (Used in) Inv. Act. (21,749,380) (7,509,366) (59,329) 31,853 (1,150,027) (106) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt (20,900,000) (20,900,000) Premium on reacquisition & fin. exp. Dividends declared (1,450,000) (1,450,000) Capital contribution - EUA Partner's contribution(withdrawal) 1,868,828 Net increase (decrease) in short-term debt 14,696,546 3,051,522 16,147,000 226,500 (95,000) 1,784,776 (290,000) Net Cash Provided from (Used in) Fin. Act. (6,203,454) 1,601,522 (2,884,172) 226,500 (95,000) 1,784,776 (1,740,000) NET (DECREASE) INCREASE IN CASH 5,737,304 (2,722,088) 5,284,513 (234,408) 920,627 (1) 631,359 Cash and temp. cash invest. at begin. of yr. 4,662,227 1,543,211 141,129 293,539 568,629 Cash and temp. cash invest. at end of yr. $10,399,531 ($2,722,088) $6,827,724 ($93,279) $1,214,166 ($1) $1,199,988 Cash paid during the year for: Interest (net of amounts capitalized) $28,373,428 $28,330,928 $4,158 Income Taxes $504,382 $71,089 $387,456 Conversion of invest. in energy savings proj. to notes and leases receivable $4,652,658 $2,372,136 ( ) Denotes contra The accompanying notes are an integral part of the financial statements.
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
EUA EUA EUA EUA Cogenex Citizens Highland MUPA Canada Corp. Corp. (Part.) CASH FLOW FROM OP. ACTIVITIES: Net Income (Loss) Adj. to Reconcile Net Inc.(Loss) $466,696 $71,234 ($420,880) ($859,834) to Net Cash Provided by Op. Act.: Depreciation and amortization Deferred taxes 18,701 271,336 467,948 Gains on sales of inv. in en. sav. proj. paid for with notes & leases rec. (42,242) (369,910) Non-cash costs of en. saving proj. sales 1,202,371 679,865 1,970,154 Pension liability Amortization of deferred revenues (14,769) 10,377 Coll. & sales of proj. notes&leases rec. 684,220 Undistributed Equity earnings of sub. Other - net 240,868 (55,952) (309,919) 894,637 Net Changes to Working Capital: Accounts receivable (19,372) (1,287,361) 4,028,461 286,034 Materials and supplies (29,148) (312,765) Accounts payable 376,200 74,620 46,590 Accrued taxes 291,594 (2,743) (9,297) Accrued interest 98,954 147,183 Other - net (82) (27,569) (49,323) (780,725) Net Cash Prov. from (Used in) Oper. Act. 2,519,966 (167,240) 6,156,078 (772,652) CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for invest. in energy proj. (1,559,778) (2,016,360) (7,313,615) Collections on notes and leases rec. 121,638 Investments in subsidiaries Net Cash Provided from (Used in) Inv. Act. (1,438,141) (2,016,360) (7,313,615) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reac. & fin. exp. Dividends declared Capital contribution - EUA Partner's contribution(withdrawal) 100,497 Net increase (decrease) in st debt (557,657) 1,994,718 1,533,809 Net Cash Prov. from (Used in) Fin. Act. (557,657) 1,994,718 1,533,809 100,497 NET (DECREASE) INCREASE IN CASH 524,168 (188,882) 376,273 (672,155) Cash and temp. cash invest. at beg. of yr. 50,242 162,730 169,458 487 Cash and temp. cash invest. at end of yr. $574,410 ($26,152) $545,731 ($671,668) Cash paid during the year for: Interest (net of amounts capitalized) $38,342 Income Taxes $15,616 $30,221 Conversion of invest. in energy savings proj. to notes and leases rec. $185,959 $1,688,944 ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Part.) (Part.) (Part.) (Part.) CASH FLOW FROM OP. ACTIVITIES: Net Income (Loss) ($25,611) ($1,002) $958,312 $1,259,338 Adj. to Reconcile Net Inc.(Loss) to Net Cash Provided by Op. Act.: Depreciation and amortization 301,730 539,204 1,546,667 Deferred taxes Gains on sales of inv. in en. sav. proj. paid for with notes & leases rec. (97,956) (26,599) Non-cash costs of en. saving proj. sales 1,590,796 Pension liability Amortization of deferred revenues Coll. & sales of proj. notes&leases rec. 105,407 340,838 Undistributed Equity earnings of sub. Other - net 1,072,441 36,043 (786,575) Net Changes to Working Capital: Accounts receivable 249,393 154,670 (132,966) 1,100,933 Materials and supplies Accounts payable 8,777 147 80,390 268,721 Accrued taxes Accrued interest Other - net (144,376) (852,562) (351,034) (3,561,711) Net Cash Prov. from (Used in) Oper. Act. 1,462,355 (698,747) 1,137,400 1,732,408 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for invest. in energy proj. (1,418) (1,114,055) (1,201,834) Collections on notes and leases rec. 23,017 Investments in subsidiaries Net Cash Provided from (Used in) Inv. Act. 21,599 (1,114,055) (1,201,834) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reac. & fin. exp. Dividends declared Capital contribution - EUA Partner's contribution(withdrawal) (1,353,557) 735,918 54,430 (1,406,116) Net increase (decrease) in st debt 281,599 (3,277,677) Net Cash Prov. from (Used in) Fin. Act. (1,353,557) 735,918 336,029 (4,683,793) NET (DECREASE) INCREASE IN CASH 130,397 37,171 359,375 (4,153,219) Cash and temp. cash invest. at beg. of yr. 1,114,874 118,932 85,595 413,401 Cash and temp. cash invest. at end of yr. $1,245,271 $156,103 $444,970 ($3,739,818) Cash paid during the year for: Interest (net of amounts capitalized) Income Taxes Conversion of invest. in energy savings proj. to notes and leases rec. $432,218 ($26,599) ( ) Denotes contra
Business Line Project Equipment in Service Revenues as of 9/30/97 as of 9/30/97 Demand Side Mgmt./Energy Mgmt. Svcs $75,936,094 $34,918,050 Manufacturing and Fabrication 8,728,675 Consulting 2,372,653 TOTAL $75,936,094 $46,019,378 Geographic Location Project Equipment in Service Revenues as of 9/30/97 as of 9/30/97 New England / New York Region $52,784,898 $30,312,704 United States excluding New England 23,151,198 13,706,484 and New York Canada 2,000,190 All areas of the world excluding U.S. and Canada TOTAL $75,936,096 $46,019,378 EX-27 2 FDS
OPUR1 1000 9-MOS DEC-31-1997 SEP-30-1997 PER-BOOK 0 125847 56632 4330 0 186809 0 47246 24 47270 0 0 84900 0 37184 0 6700 0 0 0 10755 186809 46019 (2024) 45705 43681 2338 5087 7425 7676 (251) 0 (251) 0 6876 33690 0 0
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