EX-99 8 0008.txt CONSOLIDATED STATEMENT OF INCOME Exhibit 99 Form 10-Q June 30, 2000 NATIONAL FUEL GAS CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) Twelve Months Ended June 30, -------------------- 2000 1999 (Thousands of Dollars) INCOME Operating Revenues $1,375,345 $1,249,892 ---------- ---------- Operating Expenses Purchased Gas 470,564 400,791 Fuel Used in Heat and Electric Generation 55,040 54,988 Operation 312,736 308,169 Maintenance 23,582 23,846 Property, Franchise and Other Taxes 78,836 90,715 Depreciation, Depletion and Amortization 135,920 126,399 Income Taxes - Net 81,534 59,203 ---------- ---------- 1,158,212 1,064,111 ---------- ---------- Operating Income 217,133 185,781 Other Income 12,077 11,358 ---------- ---------- Income Before Interest Charges and Minority Interest in Foreign Subsidiary 229,210 197,139 ---------- ---------- Interest Charges Interest on Long-Term Debt 66,218 65,267 Other Interest 26,841 22,626 ---------- ---------- 93,059 87,893 ---------- ---------- Minority Interest in Foreign Subsidiary (1,331) (1,717) ---------- ---------- Net Income Available for Common Stock $ 134,820 $ 107,529 ========== ========== Basic Earnings Per Common Share: $ 3.46 $ 2.79 ========== ========== Diluted Earnings Per Common Share: $ 3.42 $ 2.76 ========== ========== Weighted Average Common Shares Outstanding Used in Basic Calculation 38,994,910 38,574,864 ========== ========== Used in Diluted Calculation 39,414,923 38,917,221 ========== ==========