-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Pbm8X5GOr6pYNwAi851RgIsWMaGOIUX7CzSZT5/wSYrHhc1Lpuhp07I2zvHurld8 2fRZgnXR1GuUfeBOOp3TcQ== 0000950123-95-000164.txt : 19950203 0000950123-95-000164.hdr.sgml : 19950203 ACCESSION NUMBER: 0000950123-95-000164 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950201 ITEM INFORMATION: Other events FILED AS OF DATE: 19950201 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LONG ISLAND LIGHTING CO CENTRAL INDEX KEY: 0000060251 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 111019782 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03571 FILM NUMBER: 95504569 BUSINESS ADDRESS: STREET 1: 175 E OLD COUNTRY RD CITY: HICKSVILLE STATE: NY ZIP: 11801 BUSINESS PHONE: 5169334590 8-K 1 LONG ISLAND LIGHTING COMPANY 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: February 1, 1995 LONG ISLAND LIGHTING COMPANY (Exact name of registrant as specified in charter) New York 1-3571 11-1019782 (State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 175 East Old Country Road, Hicksville, New York 11801 516-755-6650 (Address and telephone number of Principal Executive Offices) 2 Item 1. Changes in Control of Registrant Not applicable. Item 2. Acquisition or Disposition of Assets Not applicable. Item 3. Bankruptcy or Receivership Not applicable. Item 4. Changes in Registrant's Certifying Accountant Not applicable. Item 5. Other Information The Company reported earnings of $2.15 per common share on revenues of $3,067,307,000 for the year ended December 31, 1994. In the comparable 1993 period, earnings per common share were $2.15 on revenues of $2,880,995,000. The average number of common shares outstanding in the two periods were 115,880,000 and 112,057,000, respectively. The Company achieved the same level of earnings per share in 1994 as in 1993 despite an increase in the total number of common shares outstanding and a decrease in its allowed rate of return. This was primarily the result of the Company's cost containment program, and a positive cash flow from operations which allowed the Company to use cash balances to satisfy maturing debt. The level of earnings in the electric business was higher in 1994 as compared to 1993, which was offset by a decrease in the gas business earnings. The decrease in gas business earnings was the result of several factors, including a lower allowed rate of return on common equity, a write-off of previously deferred storm costs and the sharing of excess earnings with the Company's firm gas customers. - 2 - 3 LONG ISLAND LIGHTING COMPANY FINANCIAL SUMMARY (In Thousands Except Per Share Amounts)
Twelve Months Ended December 31 ----------------------------- 1994 1993 ----------------------------- Revenues $ 3,067,307 $ 2,880,995 Operating Income $ 744,945 $ 755,551 Net Income $ 301,852 $ 296,563 Earnings for Common Stock $ 248,832 $ 240,455 Average Common Shares Outstanding 115,880 112,057 Earnings Per Common Share $2.15 $2.15 Dividends Declared Per Common Share $1.78 $1.76
Item 6. Resignations of Registrant's Directors Not applicable. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits Not applicable. Item 8. Change in Fiscal Year Not applicable. - 3 - 4 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 thereunto duly authorized. LONG ISLAND LIGHTING COMPANY Registrant By ANTHONY NOZZOLILLO ----------------------------- ANTHONY NOZZOLILLO Senior Vice President-Finance Dated: February 1, 1995 - 4 - -----END PRIVACY-ENHANCED MESSAGE-----