EX-99.2 3 tm216619d1_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

EVERSOURCE ENERGY AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   For the Three Months Ended December 31, 
(Thousands of Dollars, Except Share Information)  2020   2019 
Operating Revenues  $2,233,933   $2,050,386 
           
Operating Expenses:          
Purchased Power, Fuel and Transmission   674,883    714,119 
Operations and Maintenance   474,104    368,452 
Depreciation   260,201    228,646 
Amortization   46,992    11,620 
Energy Efficiency Programs   126,967    118,584 
Taxes Other Than Income Taxes   196,058    173,400 
Total Operating Expenses   1,779,205    1,614,821 
Operating Income   454,728    435,565 
Interest Expense   135,384    133,543 
Other Income, Net   25,024    28,959 
Income Before Income Tax Expense   344,368    330,981 
Income Tax Expense   70,565    79,064 
Net Income   273,803    251,917 
Net Income Attributable to Noncontrolling Interests   1,880    1,880 
Net Income Attributable to Common Shareholders  $271,923   $250,037 
           
Basic Earnings Per Common Share  $0.79   $0.77 
           
Diluted Earnings Per Common Share  $0.79   $0.76 
           
Weighted Average Common Shares Outstanding:          
Basic   343,219,075    324,337,587 
Diluted   344,115,842    327,053,634 

 

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

 

 

 

 

EVERSOURCE ENERGY AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   For the Years Ended December 31, 
(Thousands of Dollars, Except Share Information)  2020   2019   2018 
Operating Revenues  $8,904,430   $8,526,470   $8,448,201 
                
Operating Expenses:               
Purchased Power, Fuel and Transmission   2,987,840    3,040,160    3,138,969 
Operations and Maintenance   1,480,252    1,363,113    1,335,213 
Depreciation   981,380    885,278    819,930 
Amortization   177,679    195,380    252,026 
Energy Efficiency Programs   535,760    501,369    472,380 
Taxes Other Than Income Taxes   752,785    711,035    729,753 
Impairment of Northern Pass Transmission   —    239,644    — 
Total Operating Expenses   6,915,696    6,935,979    6,748,271 
Operating Income   1,988,734    1,590,491    1,699,930 
Interest Expense   538,452    533,197    498,805 
Other Income, Net   108,590    132,777    128,366 
Income Before Income Tax Expense   1,558,872    1,190,071    1,329,491 
Income Tax Expense   346,186    273,499    288,972 
Net Income   1,212,686    916,572    1,040,519 
Net Income Attributable to Noncontrolling Interests   7,519    7,519    7,519 
Net Income Attributable to Common Shareholders  $1,205,167   $909,053   $1,033,000 
                
Basic Earnings Per Common Share  $3.56   $2.83   $3.25 
                
Diluted Earnings Per Common Share  $3.55   $2.81   $3.25 
                
Weighted Average Common Shares Outstanding:               
Basic   338,836,147    321,416,086    317,370,369 
Diluted   339,847,062    322,941,636    317,993,934 

 

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.