EX-99.2 FINANCIALS 4 sig8k-financials_restated.txt FINANCIALS & RESTATEMENT EX 99-2 Selected operating data for as of and for the year ending December 31, 2002 follows: Selected Operating Data - In Thousands - UNAUDITED -------------------------------------------------------------------- Year Ending December 31, 2002 Operating revenues $ 693,872 Operating income 75,302 Net income applicable to common shareholder 62,065 -------------------------------------------------------------------- Selected Balance Sheet Data - In Thousands - UNAUDITED -------------------------------------------------------------------- At December 31, 2002 Total assets $ 1,009,813 Short-term borrowings 39,462 Long-term debt, including current obligations 378,943 Total shareholder's squity 371,991 Total capitalization, including current obligations 751,278 Equity as a percent of total capitalization, including current obligations 50% -------------------------------------------------------------------- The effects of the restatement on summarized financial data as of and for the year ending December 31, 2001 follows: Selected Operating Data - UNAUDITED Year Ended December 31, 2001 -------------------------------------------------------------------------------- In thousands As Reported Adjustment As Restated ------------------------------------------ ----------- ---------- ----------- Operating revenues $ 479,984 $ (2,589) $ 477,395 Operating income 55,667 (803) 54,864 Net income applicable to common shareholder 42,462 (4,883) 37,579 Selected Balance Sheet Data - UNAUDITED At December 31, 2001 -------------------------------------------------------------------------------- In thousands As Reported Adjustment As Restated ------------------------------------------- ----------- ---------- ----------- Total assets $ 973,222 $ (5,769) $ 967,453 Short-term borrowings 80,664 - 80,664 Long-term debt, including current obligations 341,162 - 341,162 Total shareholder's equity 333,816 (4,883) 328,933 Total capitalization, including current obligations 675,438 (4,883) 670,555 Equity as a percent of total capitalization, including current obligations 49% 49% -------------------------------------------------------------------------------- The Company cautions that actual results could differ materially from those contained in this filing, since the audit of the above periods has not been completed. Specifically, the reaudit of its 2000 financial statements could result in restating its results from 2000, 2001, and 2002.