EX-99.2 3 tm226658d1_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)  2021   2020 
Operating Revenues  $2,481,912   $2,233,933 
           
Operating Expenses:          
Purchased Power, Fuel and Transmission   843,127    674,883 
Operations and Maintenance   473,932    474,104 
Depreciation   280,810    260,201 
Amortization   73,105    46,992 
Energy Efficiency Programs   131,961    126,967 
Taxes Other Than Income Taxes   206,159    196,058 
Total Operating Expenses   2,009,094    1,779,205 
Operating Income   472,818    454,728 
Interest Expense   151,171    135,384 
Other Income, Net   36,694    25,024 
Income Before Income Tax Expense   358,341    344,368 
Income Tax Expense   49,763    70,565 
Net Income   308,578    273,803 
Net Income Attributable to Noncontrolling Interests   1,880    1,880 
Net Income Attributable to Common Shareholders  $306,698   $271,923 
           
Basic and Diluted Earnings Per Common Share  $0.89   $0.79 
           
Weighted Average Common Shares Outstanding:          
Basic   344,344,986    343,219,075 
Diluted   345,084,052    344,115,842 

 

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)  2021   2020   2019 
Operating Revenues  $9,863,085   $8,904,430   $8,526,470 
                
Operating Expenses:               
Purchased Power, Fuel and Transmission   3,372,344    2,987,840    3,040,160 
Operations and Maintenance   1,739,685    1,480,252    1,363,113 
Depreciation   1,103,008    981,380    885,278 
Amortization   231,965    177,679    195,380 
Energy Efficiency Programs   592,775    535,760    501,369 
Taxes Other Than Income Taxes   829,987    752,785    711,035 
Impairment of Northern Pass Transmission   —    —    239,644 
Total Operating Expenses   7,869,764    6,915,696    6,935,979 
Operating Income   1,993,321    1,988,734    1,590,491 
Interest Expense   582,334    538,452    533,197 
Other Income, Net   161,282    108,590    132,777 
Income Before Income Tax Expense   1,572,269    1,558,872    1,190,071 
Income Tax Expense   344,223    346,186    273,499 
Net Income   1,228,046    1,212,686    916,572 
Net Income Attributable to Noncontrolling Interests   7,519    7,519    7,519 
Net Income Attributable to Common Shareholders  $1,220,527   $1,205,167   $909,053 
                
Basic Earnings Per Common Share  $3.55   $3.56   $2.83 
                
Diluted Earnings Per Common Share  $3.54   $3.55   $2.81 
                
Weighted Average Common Shares Outstanding:               
Basic   343,972,926    338,836,147    321,416,086 
Diluted   344,631,056    339,847,062    322,941,636 

 

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.