| TECO
ENERGY, Inc. |
| SEGMENT
INFORMATION (Unaudited) |
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| |
|
Three Months Ended |
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Six Months Ended |
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Six Months Ended |
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Twelve Months Ended |
|
Twelve
Months Ended |
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|
June 30, |
|
June 30, |
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June 30, |
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June 30, |
|
December 31, |
|
| (in millions) |
|
2001 |
2000 |
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2001 |
2000 |
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2001 |
2000 |
|
2000 |
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| Revenues |
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| Tampa Electric |
|
$ 359.1 |
$ 340.4 |
|
|
|
|
$ 695.1 |
$ 633.0 |
|
$ 1,415.8 |
$ 1,267.6 |
|
$ 1,353.8 |
| Peoples Gas |
|
82.3 |
71.4 |
|
|
|
|
216.4 |
158.1 |
|
372.8 |
281.9 |
|
314.5 |
| TECO Power Services |
|
71.4 |
46.0 |
|
|
|
|
140.9 |
87.7 |
|
259.0 |
144.5 |
|
204.9 |
| TECO Transport |
|
69.6 |
67.9 |
|
|
|
|
141.5 |
134.2 |
|
277.1 |
267.8 |
|
269.8 |
| TECO Coal |
|
72.2 |
56.2 |
|
|
|
|
149.6 |
107.1 |
|
275.3 |
232.0 |
|
232.8 |
| Other diversified companies |
|
52.4 |
35.8 |
|
|
|
|
106.2 |
71.6 |
|
182.6 |
135.0 |
|
148.0 |
|
| |
|
707.0 |
617.7 |
|
|
|
|
1,449.7 |
1,191.7 |
|
2,782.6 |
2,328.8 |
|
2,523.8 |
| |
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| Other/eliminations |
|
(65.2) |
(58.2) |
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|
(135.3) |
(107.7) |
|
(256.2) |
(198.8) |
|
(228.7) |
|
| Consolidated revenues |
|
$ 641.8 |
$ 559.5 |
|
|
|
|
$1,314.4 |
$1,084.0 |
|
$ 2,526.4 |
$ 2,130.0 |
|
$ 2,295.1 |
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| |
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| Net Income (as previously reported) |
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| Net income before charges |
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| Tampa Electric |
|
$ 38.1 |
$ 35.7 |
|
|
|
|
$ 68.6 |
$ 64.3 |
|
$ 148.9 |
$ 141.0 |
|
$ 144.5 |
| Peoples Gas |
|
4.2 |
4.0 |
|
|
|
|
14.7 |
12.5 |
|
23.9 |
21.6 |
|
21.8 |
| TECO Power Services |
|
6.8 |
8.1 |
|
|
|
|
9.3 |
17.7 |
|
28.6 |
25.5 |
|
36.9 |
| TECO Transport |
|
6.2 |
6.4 |
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|
|
|
14.6 |
14.3 |
|
29.0 |
27.4 |
|
28.7 |
| TECO Coal |
|
13.7 |
7.2 |
|
|
|
|
27.7 |
8.6 |
|
56.6 |
17.2 |
|
37.5 |
| Other diversified companies |
|
10.1 |
5.8 |
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|
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|
21.4 |
12.6 |
|
40.1 |
28.2 |
|
31.3 |
| Other/financing/eliminations |
|
(7.2) |
(9.7) |
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|
(14.7) |
(19.0) |
|
(45.6) |
(31.7) |
|
(49.8) |
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| |
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| Net income before charges |
|
71.9 |
57.5 |
|
|
|
|
141.6 |
111.0 |
|
281.5 |
229.2 |
|
250.9 |
| |
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| Charges |
|
- |
- |
|
|
|
|
- |
- |
|
- |
(19.6) |
|
- |
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| |
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| Consolidating net income |
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| from continuing operations |
|
$ 71.9 |
$ 57.5 |
|
|
|
|
$ 141.6 |
$ 111.0 |
|
$ 281.5 |
$ 209.6 |
|
$ 250.9 |
| |
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|
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| Discontinued operations |
|
- |
- |
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|
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|
- |
- |
|
- |
(13.6) |
|
- |
| |
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| Net income |
|
$ 71.9 |
$ 57.5 |
|
|
|
|
$ 141.6 |
$ 111.0 |
|
$ 281.5 |
$ 196.0 |
|
$ 250.9 |
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| |
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| Net Income (including internally |
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|
|
| allocated finance costs) (1) |
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| Net income before charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tampa Electric |
|
$ 38.1 |
$ 35.7 |
|
|
|
|
$ 68.6 |
$ 64.3 |
|
$ 148.9 |
$ 141.0 |
|
$ 144.5 |
| Peoples Gas |
|
4.2 |
4.0 |
|
|
|
|
14.7 |
12.5 |
|
23.9 |
21.6 |
|
21.8 |
| TECO Power Services |
|
6.8 |
5.3 |
|
|
|
|
9.3 |
12.6 |
|
19.5 |
17.4 |
|
22.8 |
| TECO Transport |
|
6.2 |
6.5 |
|
|
|
|
14.6 |
14.5 |
|
29.3 |
27.7 |
|
29.2 |
| TECO Coal |
|
13.7 |
6.3 |
|
|
|
|
27.7 |
6.8 |
|
54.4 |
13.8 |
|
33.5 |
| Other diversified companies |
|
10.1 |
5.0 |
|
|
|
|
21.4 |
11.1 |
|
38.5 |
25.0 |
|
28.2 |
| Other/financing/eliminations |
|
(7.2) |
(5.3) |
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|
|
|
(14.7) |
(10.8) |
|
(33.0) |
(17.3) |
|
(29.1) |
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| |
|
|
|
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|
|
|
|
|
|
|
|
|
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| Net income before charges |
|
71.9 |
57.5 |
|
|
|
|
141.6 |
111.0 |
|
281.5 |
229.2 |
|
250.9 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charges |
|
- |
- |
|
|
|
|
- |
- |
|
- |
(19.6) |
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income from continuing operations |
|
71.9 |
57.5 |
|
|
|
|
141.6 |
111.0 |
|
281.5 |
209.6 |
|
250.9 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
- |
- |
|
|
|
|
- |
- |
|
- |
(13.6) |
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
$ 71.9 |
$ 57.5 |
|
|
|
|
$ 141.6 |
$ 111.0 |
|
$ 281.5 |
$ 196.0 |
|
$ 250.9 |
|
| Average common shares outstanding |
|
|
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| during the period (thousands) |
|
135,670 |
125,342 |
|
|
|
|
131,712 |
125,842 |
|
128,979 |
128,129 |
|
125,882 |
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| Notes: |
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| 1) Beginning in 2001, segment net income is reported on a basis that includes internally allocated financing costs. Prior period net income has been
restated to reflect the estimated internally allocated financing costs that would have been attributable to such prior periods. Internally allocated
finance costs for 2001 and 2000 were at pretax rates of 7% and 6.75%, respectively, based on the average investment in each subsidiary.
|
| 2) Tampa Electric's revenues for the 12-month period ended December 31, 2000 excluded $7.9 million related to the impact of non-recurring items
recognized in the third quarter of 1999. | .numberformat:0.0_)[semicolon](0.0)">
| 3) Net income for the 12-month periods ended June 30, 2001 and December 31, 2000 for Other diversified companies includes an $8.3 million after
tax cash gain from the TECO Propane Venture and Heritage Propane transaction partially offset by a $3.8 million charge to adjust property values at TECO Properties.
|
| 4) Other/eliminations Net income for the 12-month periods ended June 30, 2001 and December 31, 2000 includes an after tax charge of $5.2 million
relating to the carrying value of the leveraged lease portfolio. |