EX-99 5 exh995nuparentfinan.txt NU PARENT FINANCIALS NORTHEAST UTILITIES PARENT 1.5a PRO FORMA BALANCE SHEET -- ASSETS AS OF SEPTEMBER 30, 2003 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Current Assets: Cash $ 5,159 $ 0 a,c $ 5,159 Notes receivable from affiliated companies 217,600 290,573 c,d 508,173 Notes and accounts receivable 5,292 5,292 Accounts receivable from affiliated companies 2,891 2,891 Taxes receivable 5,846 5,846 Prepayments 1,600 1,600 --------------- --------------- --------------- 238,388 290,573 528,961 --------------- --------------- --------------- Deferred Debits and Other Assets: Investments in subsidiary companies, at equity 2,559,237 2,559,237 Other 15,800 15,800 --------------- --------------- --------------- 2,575,037 0 2,575,037 --------------- --------------- --------------- Total Assets $ 2,813,425 $ 290,573 $ 3,103,998 =============== =============== ===============
NORTHEAST UTILITIES PARENT 1.5b PRO FORMA BALANCE SHEET -- LIABILITIES AND CAPITALIZATION AS OF SEPTEMBER 30, 2003 Unaudited (Thousands of Dollars) PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Current Liabilities: Notes payable to banks $ 30,000 $ 287,000 a $ 317,000 Long-term debt - current portion 23,000 23,000 Accounts payable 4,946 4,946 Accounts payable to affiliated companies 305 305 Accrued taxes 0 (2,382) b (2,382) Accrued interest 13,672 5,955 b 19,627 Other 756 756 --------------- --------------- --------------- 72,679 290,573 363,252 --------------- --------------- --------------- Deferred Credits and Other Liabilities: Accumulated deferred income taxes 4,330 4,330 Other 1,898 1,898 --------------- --------------- --------------- 6,228 0 6,228 --------------- --------------- --------------- Capitalization: Long-Term Debt 480,226 480,226 --------------- --------------- --------------- Common Shareholders' Equity: Common stock 750,492 750,492 Capital surplus, paid in 1,106,466 1,106,466 Deferred contribution plan - employee stock ownership plan (76,970) (76,970) Retained earnings 837,963 0 837,963 Accumulated other comprehensive loss (2,862) (2,862) Treasury stock (360,797) (360,797) --------------- --------------- --------------- Common Shareholders' Equity 2,254,292 0 2,254,292 --------------- --------------- --------------- Total Capitalization 2,734,518 0 2,734,518 --------------- --------------- --------------- Total Liabilities and Capitalization $ 2,813,425 $ 290,573 $ 3,103,998 =============== =============== ===============
NORTHEAST UTILITIES PARENT 1.5c PRO FORMA STATEMENT OF INCOME FOR THE 12 MONTHS ENDED SEPTEMBER 30, 2003 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Operating Revenues $ 0 $ $ 0 --------------- --------------- --------------- Operating Expenses: Other 7,418 7,418 --------------- --------------- --------------- Operating Loss (7,418) 0 (7,418) Interest Expense 23,457 0 b,d 23,457 --------------- --------------- --------------- Other Income, Net 206,838 206,838 --------------- --------------- --------------- Income Before Income Tax Benefit 175,963 0 175,963 Income Tax Benefit (6,381) 0 b,d (6,381) --------------- --------------- --------------- Net Income $ 182,344 $ 0 $ 182,344 =============== =============== ===============
NORTHEAST UTILITIES PARENT 1.5d PRO FORMA STATEMENT OF RETAINED EARNINGS AS OF SEPTEMBER 30, 2003 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Balance at beginning of period $ 727,204 $ $ 727,204 Net income 182,344 0 182,344 Cash dividends on common stock (71,585) (71,585) --------------- --------------- --------------- Balance at end of period $ 837,963 $ 0 $ 837,963 =============== =============== ===============
NORTHEAST UTILITIES PARENT 1.5e PRO FORMA CAPITALIZATION AS OF SEPTEMBER 30, 2003 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Long-term debt* $ 480,226 $ $ 480,226 Common shareholders' equity 2,254,292 0 2,254,292 --------------- --------------- --------------- Total Capitalization $ 2,734,518 $ 0 $ 2,734,518 =============== =============== ===============
*Does not include current portion NORTHEAST UTILITIES PARENT 1.5f PRO FORMA ADJUSTMENTS TO FINANCIAL STATEMENTS (Thousands of Dollars) Debit Credit a)Cash 287,000 Notes payable to banks 287,000 To record issuance of short-term debt to finance additional EWG Investments. b)Interest expense 5,955 Accrued taxes 2,382 Accrued interest 5,955 Income tax benefit 2,382 To record interest expense associated with short-term debt issued and related tax effect. c)Notes receivable from affiliated companies 287,000 Cash 287,000 To record receivable from NUEI to finance additional EWG investments. d)Notes receivable from affiliated companies 3,573 Income tax benefit 2,382 Interest expense 5,955 To record receivable from NUEI for interest expense associated with short-term debt issued and related tax effect.