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TECO
ENERGY, Inc. |
SEGMENT
INFORMATION (Unaudited) |
|
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|
Three
Months Ended |
|
Six Months
Ended |
|
Twelve
Months Ended |
|
|
June
30, |
|
June
30, |
|
June
30, |
(in
millions) |
|
2000 |
1999 |
|
2000 |
1999 |
|
2000 |
1999 |
|
Revenues |
|
|
|
|
|
|
|
|
|
|
Tampa
Electric |
|
$ 340.4
|
$ 304.4 |
|
$ 633.0
|
$ 565.2 |
|
$ 1,267.6
|
$ 1,205.5
|
Peoples Gas |
|
71.4 |
56.7 |
|
158.1
|
127.9 |
|
281.9
|
242.0 |
TECO
Transport |
|
67.9 |
60.8 |
|
134.2
|
118.4 |
|
267.8
|
238.1 |
TECO Coal |
|
56.2 |
59.3 |
|
107.1
|
112.3 |
|
232.0
|
233.6 |
TECO Power
Services |
|
46.0 |
28.9 |
|
87.7 |
52.7 |
|
144.5
|
107.5 |
Other diversified
companies
|
|
35.8
|
23.3
|
|
71.6
|
46.5
|
|
135.0
|
102.7
|
|
|
617.7
|
533.4 |
|
1,191.7
|
1,023.0 |
|
2,328.8
|
2,129.4 |
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|
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Other/eliminations
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|
(58.2)
|
(42.0)
|
|
(107.7)
|
(85.9)
|
|
(198.8)
|
(192.9)
|
Consolidated
revenues
|
|
$ 559.5
|
$ 491.4
|
|
$ 1,084.0
|
$ 937.1
|
|
$ 2,130.0
|
$ 1,936.5
|
|
Operating
Income |
|
|
|
|
|
|
|
|
|
|
Operating income before
unusual charges |
|
|
|
|
|
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|
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|
Tampa
Electric |
|
$ 69.4
|
$ 68.1 |
|
$ 127.8
|
$ 123.3 |
|
$ 268.5
|
$ 266.5 |
Peoples Gas |
|
9.7 |
8.6 |
|
26.5 |
23.3 |
|
46.5 |
39.0 |
TECO
Transport |
|
11.6 |
12.0 |
|
26.0 |
23.2 |
|
49.6 |
47.9 |
TECO Coal |
|
5.3 |
5.0 |
|
7.3 |
10.2 |
|
18.7 |
24.3 |
TECO Power
Services |
|
5.8 |
3.6 |
|
15.3 |
8.4 |
|
24.2 |
14.8 |
Other diversified
companies
|
|
7.0
|
5.8
|
|
16.1
|
13.2
|
|
35.8
|
32.1
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|
108.8
|
103.1 |
|
219.0
|
201.6 |
|
443.3
|
424.6 |
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Other/eliminations |
|
(9.1) |
(2.2) |
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(11.2) |
(4.6) |
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(16.7) |
(9.5) |
Unusual charges
|
|
-
|
-
|
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-
|
-
|
|
7.9
|
-
|
Consolidating operating
income from continuing operations
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$ 99.7
|
$ 100.9
|
|
$ 207.8
|
$ 197.0
|
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$ 434.5
|
$ 415.1
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Net
Income |
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|
|
|
|
|
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|
|
|
Net income before
unusual charges |
|
|
|
|
|
|
|
|
|
Tampa
Electric |
|
$ 35.6
|
$ 34.7 |
|
$ 64.3
|
$ 62.1 |
|
$ 141.0
|
$ 136.2 |
Peoples Gas |
|
4.1 |
3.4 |
|
12.5 |
10.7 |
|
21.6 |
17.3 |
TECO
Transport |
|
6.4 |
6.9 |
|
14.3 |
13.1 |
|
27.4 |
26.7 |
TECO Coal |
|
7.2 |
3.6 |
|
8.6 |
7.4 |
|
17.2 |
18.1 |
TECO Power
Services |
|
8.0 |
3.5 |
|
17.7 |
6.8 |
|
25.5 |
12.3 |
Other diversified
companies |
|
5.8 |
5.4 |
|
12.6 |
11.6 |
|
28.2 |
27.1 |
Other/eliminations
|
|
(9.6)
|
(4.7)
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|
(19.0)
|
(9.4)
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|
(31.7)
|
(17.2)
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Net income before
unusual charges |
|
57.5 |
52.8 |
|
111.0
|
102.3 |
|
229.2
|
220.5 |
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Unusual charges
|
|
-
|
-
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-
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-
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|
(19.6)
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(4.5)
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Net income from
continuing operations |
|
57.5 |
52.8 |
|
111.0
|
102.3 |
|
209.6
|
216.0 |
|
Discontinued
operations
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-
|
(0.9)
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-
|
(1.2)
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|
(13.6)
|
(19.2)
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Net income
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$ 57.5
|
$ 51.9
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$ 111.0
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$ 101.1
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$ 196.0
|
$ 196.8
|
Average common shares
outstanding during the period (thousands)
|
|
125,342
|
132,042
|
|
125,842
|
132,005
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|
128,129
|
131,917
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Notes: |
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1) Tampa
Electric's revenues for the 12-month period ended June 30, 2000 excluded
$7.9 million related to the impact of non-recurring items recognized in
the third quarter of 1999. |
2) Operating
income for TECO Power Services was net of interest costs on the company’s
limited recourse debt. |
3) Operating
income for TECO Coalbed Methane included a tax credit on coalbed methane
production. |
4) Amounts
from 1999 were restated to reflect TeCom's results as discontinued
operations. |
5) Operating
income for TECO Coal for 2000 included a tax credit on synthetic fuel
production. |