-----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, IepKdUz+GR5otiQhcs+ChZSwPTIudAwKyB/LvP13ODH9Mj3a62wZN85dQJO57XN1 RBo6HVn74zyTj8p62CH3BQ== 0000950124-03-000292.txt : 20030212 0000950124-03-000292.hdr.sgml : 20030212 20030212113220 ACCESSION NUMBER: 0000950124-03-000292 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030211 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICHIGAN CONSOLIDATED GAS CO /MI/ CENTRAL INDEX KEY: 0000065632 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 380478040 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07310 FILM NUMBER: 03552975 BUSINESS ADDRESS: STREET 1: 500 GRISWOLD ST CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 3139652430 8-K 1 k74689e8vk.txt CURRENT REPORT 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): FEBRUARY 11, 2003 COMMISSION EXACT NAME OF REGISTRANT AS I.R.S. EMPLOYER FILE NUMBER SPECIFIED IN ITS CHARTER IDENTIFICATION NO. - ----------- ------------------------ ------------------ 1-7310 MICHIGAN CONSOLIDATED GAS COMPANY (A MICHIGAN CORPORATION) 38-0478040 2000 2ND AVENUE DETROIT, MICHIGAN 48226-1279 313-235-8000 Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. Michigan Consolidated Gas Company's 2002 Consolidated Statement of Operations (Preliminary/Unaudited) is filed as Exhibit 99-1. SIGNATURES 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. Date: February 12, 2003. MICHIGAN CONSOLIDATED GAS COMPANY (Registrant) By: James F. Tompkins ------------------------- Its: Assistant Treasurer ------------------------- 2 EXHIBITS 99-1 Michigan Consolidated Gas Company 2002 Preliminary/Unaudited Consolidated Statement of Operations. EX-99.1 3 k74689exv99w1.txt PRELIM./UNAUDITED CONSOLIDATED STMT OF OPERATIONS EXHIBIT 99-1 MICHIGAN CONSOLIDATED GAS COMPANY CONSOLIDATED STATEMENT OF OPERATIONS (PRELIMINARY/UNAUDITED) (Dollars in Millions)
3 MONTHS ENDED 12 MONTHS ENDED DECEMBER 31, DECEMBER 31, ----------------- ------------------ 2002 2001 2002 2001 ----------------- ------------------ OPERATING REVENUES $397 $438 $1,339 $1,218 OPERATING EXPENSES Cost of gas $223 $254 $754 $663 Operation and maintenance 64 94 277 298 Depreciation and amortization 27 34 107 113 Taxes other than income 13 10 51 56 Merger and restructuring charges - - - 103 Property write-down and contract losses - - 48 - - -------------------------------------------------------------------- ------------------ Total Operating Expenses $327 $392 $1,237 $1,233 - -------------------------------------------------------------------- ------------------ - -------------------------------------------------------------------- ------------------ OPERATING INCOME (LOSS) $70 $46 $102 ($15) - -------------------------------------------------------------------- ------------------ OTHER INCOME AND (DEDUCTIONS) Interest Income $2 $3 $10 $10 Interest on long-term debt (13) (13) (50) (46) Other interest expense (2) (2) (9) (11) Loss on investment in joint venture - - - (9) Equity in earnings of joint ventures 1 - 3 2 Other - - 3 2 - -------------------------------------------------------------------- ------------------ Total Other Income and (Deductions) ($12) ($12) ($43) ($52) - -------------------------------------------------------------------- ------------------ - -------------------------------------------------------------------- ------------------ INCOME (LOSS) BEFORE INCOME TAXES $58 $34 $59 ($67) - -------------------------------------------------------------------- ------------------ Income Tax Provision (Benefit) 20 10 21 (26) - -------------------------------------------------------------------- ------------------ NET INCOME (LOSS) $38 $24 $38 ($41) ==================================================================== ==================
The Condensed Consolidated Statement of Income (Preliminary/Unaudited) should be read in conjunction with the Notes to the Consolidated Financial Statements appearing in the Form 10K for the year ended December 31, 2001, and Forms 10Q for the quarters ended March 31, 2002, June 30, 2002 and September 30, 2002. -----END PRIVACY-ENHANCED MESSAGE-----