EX-99 3 dex99.txt EXHIBIT A EXHIBIT A DPL INC. CONSOLIDATED FINANCIAL STATEMENTS INCOME STATEMENT YEAR TO DATE DECEMBER 31, 2001
DP&L OTHER COMPANY DPL INC. DPL INC. CONSOLIDATED SUBSIDIARIES ELIMINATIONS TOTAL REVENUES -------- UTILITY SERVICE REVENUES 0 1,188,248,929 79,108,407 (81,189,033) 1,186,168,303 OTHER REVENUES, NET OF FUEL COSTS 0 0 13,454,709 0 13,454,709 -------------- ---------------- ------------ ------------- --------------- TOTAL REVENUES 0 1,188,248,929 92,563,116 (81,189,033) 1,199,623,012 EXPENSES -------- FUEL AND PURCHASED POWER 0 349,937,328 33,949,394 (78,851,923) 305,034,799 OPERATION & MAINTENANCE 3,223,600 164,260,863 4,352,221 (8,040,959) 163,795,725 DEPRECIATION & AMORTIZATION 0 116,007,177 11,243,798 0 127,250,975 AMORTIZATION OF REGULATORY ASSETS, NET 0 46,853,212 0 0 46,853,212 GENERAL TAXES 7,875 98,737,789 1,162,661 0 99,908,325 -------------- ---------------- ------------ ------------- --------------- TOTAL EXPENSES 3,231,475 775,796,369 50,708,074 (86,892,882) 742,843,036 INCOME ------ OPERATING INCOME (3,231,475) 412,452,560 41,855,042 5,703,849 456,779,976 INVESTMENT INCOME 311,027,071 2,277,674 74,702,291 (334,192,345) 53,814,691 OTHER INCOME AND DEDUCTIONS 366,751 23,519,045 (18,577,748) (2,645,851) 2,662,197 INTEREST (INCLUDES PREFERRED DIVIDENDS) (102,737,198) (63,474,284) (15,026,003) 44,256,475 (136,981,010) TRUST PREFERRED DISTRIBUTION BY SUBSIDIARY (39,507,228) 0 0 0 (39,507,228) -------------- ---------------- ------------ ------------- --------------- INCOME BEFORE INCOME TAXES 165,923,525 374,774,993 82,953,583 (286,877,873) 336,774,228 INCOME TAXES (50,566,433) 141,410,481 30,460,670 0 121,304,718 -------------- ---------------- ------------ ------------- --------------- INCOME BEFORE CUMULATIVE EFFECT OF CHANGE ACCOUNTING PRINCIPLE 216,489,958 233,364,512 52,492,913 (286,877,873) 215,469,510 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 0 1,020,448 0 0 1,020,448 -------------- ---------------- ------------ ------------- --------------- NET INCOME 216,489,958 234,384,960 52,492,913 (286,877,873) 216,489,958 ============== ================ ============ ============= ===============
-13- EXHIBIT A DPL INC. CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET AT DECEMBER 31, 2001
DP&L COMPANY DPL INC. DPL INC. CONSOLIDATED SUBSIDIARIES ELIMINATIONS TOTAL ASSETS ------ PROPERTY 0 3,671,787,459 506,333,103 (1,513,905) 4,176,606,657 ACCUMULATED DEPRECIATION AND AMORTIZATION 0 1,657,478,070 36,839,942 (6,721) 1,694,311,292 --------------- ---------------- --------------- ---------------- ---------------- NET PROPERTY, PLANT & EQUIPMENT 0 2,014,309,389 469,493,161 (1,507,184) 2,482,295,366 CURRENT ASSETS CASH AND TEMP. INVESTMENTS (21,534,604) 5,691,676 28,167,206 0 12,324,278 ACCOUNTS RECEIVABLE - NET 88,519,741 179,134,949 41,737,830 (144,772,654) 164,619,867 INVENTORIES, AT AVERAGE COST 0 61,315,064 244,426 500 61,559,990 TAXES APPLICABLE TO SUBSEQUENT YEARS 0 54,781,588 0 0 54,781,588 OTHER 89,036,720 138,682,515 135,885,715 (303,593,680) 60,011,270 --------------- ---------------- --------------- ---------------- ---------------- TOTAL CURRENT ASSETS 156,021,856 439,605,793 206,035,177 (448,365,833) 353,296,993 OTHER ASSETS FINANCIAL ASSETS 0 645,000 1,119,770,367 0 1,120,415,367 INCOME TAXES RECOVERABLE THROUGH FUTURE REVENUES 0 39,204,544 0 0 39,204,544 OTHER REGULATORY ASSETS 0 99,746,676 0 0 99,746,676 OTHER ASSETS 2,813,189,711 216,280,517 101,875,453 (2,972,802,901) 158,542,781 --------------- ---------------- --------------- ---------------- ---------------- TOTAL OTHER ASSETS 2,813,189,711 355,876,738 1,221,645,820 (2,972,802,901) 1,417,909,367 --------------- ---------------- --------------- ---------------- ---------------- TOTAL ASSETS 2,969,211,567 2,809,791,920 1,897,174,158 (3,422,675,919) 4,253,501,726 =============== ================ =============== ================ ================
-14- EXHIBIT A DPL INC. CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET AT DECEMBER 31, 2001
DP&L COMPANY DPL INC. DPL INC. CONSOLIDATED SUBSIDIARIES ELIMINATIONS TOTAL CAPITALIZATION -------------- COMMON STOCK EQUITY COMMON STOCK 1,265,014 411,722 103,600 (515,322) 1,265,014 OTHER PAID-IN CAPITAL 0 771,644,752 1,276,060,512 (2,047,705,265) 0 WARRANTS 50,000,000 0 0 0 50,000,000 COMMON STOCK HELD BY EMPLOYEE PLANS (55,960,219) 0 0 (37,515,933) (93,476,152) ACCUM OTHER COMPREHENSIVE INCOME (46,400,263) 15,645,309 (45,019,843) 29,374,535 (46,400,263) EARNINGS REINVESTED IN BUSINESS 891,921,564 357,268,475 84,186,134 (423,658,919) 909,717,254 --------------- --------------- --------------- --------------- --------------- TOTAL COMMON STOCK EQUITY 840,826,097 1,144,970,258 1,315,330,404 (2,480,020,904) 821,105,854 PREFERRED STOCK 0 22,850,800 0 0 22,850,800 PREFERRED STOCK SUBJECT TO MANDATORY REDEPTION 66,000 0 0 0 66,000 COMPANY OBLIGATED MANDATORILY REDEEMABLE TRUST PREFERRED SECURITIES OF SUBSIDIARY HOLDING SOLELY PARENT DEBENTURES 292,372,700 0 0 0 292,372,700 LONG TERM DEBT 1,484,225,290 666,638,109 0 0 2,150,863,399 --------------- --------------- --------------- --------------- --------------- TOTAL CAPITALIZATION 2,617,490,087 1,834,459,167 1,315,330,404 (2,480,020,904) 3,287,258,753 LIABILITIES ----------- CURRENT LIABILITIES ACCOUNTS PAYABLE 36,290,978 133,447,270 90,101,925 (144,555,379) 115,284,794 ACCRUED TAXES (23,533,966) 105,597,376 2,602,843 0 84,666,253 ACCRUED INTEREST 32,272,428 19,038,857 0 0 51,311,285 SHORT-TERM DEBT 318,197,054 88,916,658 413,045,353 (808,164,377) 11,994,688 OTHER 13,735,708 21,486,244 (184,390) (2,131,210) 32,906,351 --------------- --------------- --------------- --------------- --------------- TOTAL CURRENT LIABILITIES 376,962,200 368,486,405 505,565,731 (954,850,966) 296,163,371 DEFERRED CREDITS AND OTHER (25,347,546) 397,032,708 (47,744,530) 12,195,951 336,136,583 UNAMORTIZED INVESTMENT TAX CREDIT 0 57,970,316 44,400 0 58,014,716 INSURANCE AND CLAIMS COSTS 0 0 123,649,601 0 123,649,601 OTHER 106,826 151,843,323 328,553 0 152,278,702 --------------- --------------- --------------- --------------- --------------- TOTAL DEFERRED CREDITS AND OTHER (25,240,720) 606,846,348 76,278,024 12,195,951 670,079,602 TOTAL LIABILITIES 351,721,480 975,332,753 581,843,755 (942,655,015) 966,242,973 --------------- --------------- --------------- --------------- --------------- TOTAL CAPITALIZATION AND LIABILITIES 2,969,211,567 2,809,791,920 1,897,174,158 (3,422,675,919) 4,253,501,726 =============== =============== =============== =============== ===============
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