-----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, GmDLVJX7k+z0MmV6ZJtPLDGDaKQtOZjx8RmuZDnrm4H5fwjNUrA9HPt+bqlK/iQm xNAqgzsIZrobPWIt2wSytw== 0000057183-99-000016.txt : 19991101 0000057183-99-000016.hdr.sgml : 19991101 ACCESSION NUMBER: 0000057183-99-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991028 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LACLEDE GAS CO CENTRAL INDEX KEY: 0000057183 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 430368139 STATE OF INCORPORATION: MO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01822 FILM NUMBER: 99736641 BUSINESS ADDRESS: STREET 1: 720 OLIVE ST CITY: ST LOUIS STATE: MO ZIP: 63101 BUSINESS PHONE: 3143420500 MAIL ADDRESS: STREET 1: 720 OLIVE ST CITY: ST LOUIS STATE: MO ZIP: 63101 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 28, 1999 LACLEDE GAS COMPANY _____________________________________________________________________ (Exact name of registrant as specified in its charter) Missouri 1-1822 43-0368139 _____________________________________________________________________ (State or other (Commission (IRS Employer jurisdiction File Identification of Number) No.) incorporation) 720 Olive Street St. Louis, Missouri 63101 _____________________________________________________________________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (314) 342-0500 _______________ NONE _____________________________________________________________________ (Former name or former address, if changed since last report) Item 5. Other Events. On October 28, 1999 the Company issued its news release announcing its financial results as of September 30, 1999. The news release is attached as Exhibit 1. Item 7. Exhibits. See the Index to Exhibits. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LACLEDE GAS COMPANY (Registrant) By: GERALD T. MCNEIVE, JR. ___________________________ Gerald T. McNeive, Jr. Senior Vice President- Finance and General Counsel October 28, 1999 (Date) Index to Exhibits Exhibit No. ___________ 1 Laclede Gas Company news release dated October 28, 1999. EX-1 2 Exhibit 1 NEWS RELEASE LACLEDE GAS Contact: Richard N. Hargraves (314) 342-0652 FOR IMMEDIATE RELEASE October 28, 1999 LACLEDE GAS ANNOUNCES FISCAL 1999 RESULTS ST. LOUIS - Laclede Gas Company (NYSE: LG) today released the attached, unaudited Statement of Consolidated Income for fiscal year 1999 - the twelve-month period ending September 30, 1999. Excluding a one-time charge recorded in fiscal 1999, earnings were slightly above those of fiscal 1998 - $28.0 million in fiscal 1999 compared with $27.8 million in fiscal 1998 - despite the fact that the weather in our service area was 6% warmer this year than last, 12% warmer than normal, and the seventh warmest on record in the St. Louis area. However, the adverse impact of the weather was offset by reductions in expenses resulting from Laclede's cost-control efforts as well as regulatory accounting changes instituted July 1, 1998, as part of the settlement of the Company's 1998 rate case. The non-recurring charge against 1999 earnings - $2 million net of income taxes - resulted from the Company's minority participation in Clark Enterprises, a civic-minded entity comprised of a group of St. Louis firms that owned the St. Louis Blues National Hockey League team and also financed and operated the Kiel Center in downtown St. Louis. The recent acquisition by the Laurie family of the assets of Clark Enterprises was negotiated and completed in a brief period during September 1999. The impact of this non- recurring charge was to reduce Laclede's fiscal 1999 earnings by 11 cents per share, to $1.43 (on average shares outstanding of 18,138,261), compared with $1.58 per share last year (on average outstanding of 17,597,591). Laclede's Annual Report to Shareholders for fiscal 1999 will be mailed to shareholders and employees around the middle of December. UNAUDITED STATEMENTS OF CONSOLIDATED INCOME Laclede Gas Company and Subsidiary Companies (In Thousands, Except Per Share Amounts)
Three Months Ended Twelve Months Ended September 30, September 30, 1999 1998 1999 1998 ---- ---- ---- ---- Operating Revenues: Utility operating revenues $ 50,408 $ 56,654 $473,710 $548,192 Non-utility operating revenues 5,338 2,762 17,878 13,795 ------------------ ------------------- Total operating revenues 55,746 59,416 491,588 561,987 ------------------ ------------------- Operating Expenses: Utility operating expenses Natural and propane gas 13,957 20,883 246,350 311,869 Other operation expenses 18,823 20,143 83,762 86,183 Maintenance 4,902 4,594 19,583 18,720 Depreciation and amortization 5,471 5,267 21,490 25,310 Taxes, other than income taxes 6,324 6,631 41,669 43,782 ------------------ ------------------- Total utility operating expenses 49,477 57,518 412,854 485,864 Non-utility operating expenses 5,144 2,577 17,245 12,659 ------------------ ------------------- Total operating expenses 54,621 60,095 430,099 498,523 ------------------ ------------------- Operating Income 1,125 (679) 61,489 63,464 Other Income and Income Deductions- Net (3,019)* 273 (473)* 1,139 ------------------ ------------------- Income Before Interest and Income Taxes (1,894) (406) 61,016 64,603 ------------------ ------------------- Interest Charges: Interest on long-term debt 3,784 3,347 13,966 14,797 Other interest charges 1,209 1,809 6,627 6,473 ------------------ ------------------- Total interest charges 4,993 5,156 20,593 21,270 ------------------ ------------------- Income Before Income Taxes (6,887) (5,562) 40,423 43,333 Income Taxes (2,909) (2,357) 14,361 15,441 ------------------ ------------------- Net Income (3,978) (3,205) 26,062 27,892 Dividends on Preferred Stock 24 24 97 97 ------------------ ------------------- Earnings Applicable to Common Stock $ (4,002) $(3,229) $ 25,965 $ 27,795 ================== =================== Average Number of Common Shares Outstanding 18,878 17,628 18,138 17,598 Earnings Per Share of Common Stock $(.21) $(.18) $1.43 $1.58 NOTE: Certain prior-period amounts have been reclassified to conform to current-year presentation. *Includes a one-time pre-tax charge of $3,247,000.
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