Segment Information

3 Months Ended

Mar. 31, 2016

Segment Information

11. Segment Information

TECO Energy is an electric and gas utility holding company with diversified activities. Segments are determined based on how management evaluates, measures and makes decisions with respect to the operations of the entity. The management of TECO Energy reports segments based on each subsidiary’s contribution of revenues, net income and total assets as required by the accounting guidance for disclosures about segments of an enterprise and related information. Intercompany transactions are eliminated in the Consolidated Condensed Financial Statements of TECO Energy, but are included in determining reportable segments.  

Three months ended Mar. 31,	Tampa Electric		PGS		NMGC (2)		TECO Coal (1)			Other (2) (3)			Eliminations (3)				TECO Energy
2016
Revenues - external	$	423.4	$	126.8	$	106.6	$	0.0		$	2.7		$	0.0			$	659.5
Sales to affiliates		1.1		4.4		0.0		0.0			0.0			(5.5	)			0.0
Total revenues		424.5		131.2		106.6		0.0			2.7			(5.5	)			659.5
Depreciation and amortization		66.1		14.8		8.4		0.0			0.5			0.0				89.8
Total interest charges		23.8		3.7		3.0		0.0			15.6			(0.2	)			45.9
Internally allocated interest		0.0		0.0		0.0		0.0			0.2			(0.2	)			0.0
Provision (benefit) for income taxes		27.8		8.9		9.7		0.0			(10.7	)		0.0				35.7
Net income (loss) from continuing operations		50.2		13.1		15.2		0.0			(4.8	)		0.0				73.7
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0		0.0			0.1			0.0				0.1
Net income (loss)	$	50.2	$	13.1	$	15.2	$	0.0		$	(4.7	)	$	0.0			$	73.8
2015
Revenues - external	$	449.8	$	121.7	$	119.0	$	0.0		$	2.5		$	0.0			$	693.0
Sales to affiliates		0.8		1.2		0.0		0.0			0.0			(2.0	)			0.0
Total revenues		450.6		122.9		119.0		0.0			2.5			(2.0	)			693.0
Depreciation and amortization		62.9		13.9		8.4		0.0			0.3			0.0				85.5
Total interest charges		23.5		3.5		3.3		0.0			17.9			(0.3	)			47.9
Internally allocated interest		0.0		0.0		0.0		0.0			0.3			(0.3	)			0.0
Provision (benefit) for income taxes		27.4		9.2		9.0		0.0			(5.7	)		0.0				39.9
Net income (loss) from continuing operations		48.2		14.6		13.9		0.0			(12.9	)		0.0				63.8
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0		(6.0	)		0.2			0.0				(5.8	)
Net income (loss)	$	48.2	$	14.6	$	13.9	$	(6.0	)	$	(12.7	)	$	0.0			$	58.0
At Mar. 31, 2016
Total assets	$	6,988.2	$	1,147.0	$	1,210.9	$	0.0		$	1,982.1		$	(2,347.1	)	(4)	$	8,981.1
At Dec. 31, 2015
Total assets (3)	$	7,003.8	$	1,136.1	$	1,229.7	$	0.0		$	1,945.1		$	(2,381.2	)	(4)		8,933.5
(1)    All periods have been adjusted to reflect the results from operations to discontinued operations for TECO Coal and certain charges and gains at Other, including Parent and TECO Diversified, that directly relate to TECO Coal and TECO Guatemala. See Note 15.
(2)    NMGI is included in the Other segment.
(3)    Certain prior year amounts have been reclassified to conform to current year presentation.
(4)    Amounts primarily relate to intercompany advances and consolidated tax eliminations.

Tampa Electric Company [Member]

Segment Information

9. Segment Information

(millions)	Tampa							Tampa Electric
Three months ended Mar. 31,	Electric		PGS		Eliminations			Company
2016
Revenues - external	$	424.2	$	126.8	$	0.0		$	551.0
Intracompany sales		0.3		4.4		(4.7	)		0.0
Total revenues		424.5		131.2		(4.7	)		551.0
Depreciation and amortization		66.1		14.8		0.0			80.9
Total interest charges		23.8		3.7		0.0			27.5
Provision for income taxes		27.8		8.9		0.0			36.7
Net income	$	50.2	$	13.1	$	0.0		$	63.3
2015
Revenues - external	$	450.4	$	121.7	$	0.0		$	572.1
Intracompany sales		0.2		1.2		(1.4	)		0.0
Total revenues		450.6		122.9		(1.4	)		572.1
Depreciation and amortization		62.9		13.9		0.0			76.8
Total interest charges		23.5		3.5		0.0			27.0
Provision for income taxes		27.4		9.2		0.0			36.6
Net income	$	48.2	$	14.6	$	0.0		$	62.8
Total assets at Mar. 31, 2016	$	6,600.4	$	1,109.6	$	(5.2	)	$	7,704.8
Total assets at Dec. 31, 2015 (1)		6,620.2		1,097.7		(9.3	)		7,708.6

(1) Certain prior year amounts have been reclassified to conform to current year presentation.