(in millions) |
|
2001 |
2000 |
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2001 |
2000 |
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Revenues |
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Tampa Electric |
|
$ 319.1 |
$ 329.0 |
|
|
|
|
$ 1,412.7 |
$ 1,353.8 |
|
|
|
Peoples Gas |
|
65.9 |
84.5 |
|
|
|
|
352.9 |
314.5 |
|
|
|
TECO Power Services |
|
58.0 |
59.1 |
|
|
|
|
287.1 |
199.0 |
|
|
|
TECO Transport |
|
68.2 |
67.4 |
|
|
|
|
274.9 |
269.8 |
|
|
|
TECO Coal |
|
82.8 |
63.3 |
|
|
|
|
304.4 |
232.8 |
|
|
|
Other diversified companies |
|
117.9 |
46.7 |
|
|
|
|
267.2 |
153.4 |
|
|
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|
|
|
711.9 |
650.0 |
|
|
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|
2,899.2 |
2,523.3 |
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Other/eliminations |
|
(54.1) |
(56.0) |
|
|
|
|
(250.6) |
(228.7) |
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|
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Consolidated revenues |
|
$ 657.8 |
$ 594.0 |
|
|
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|
$ 2,648.6 |
$ 2,294.6 |
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Net Income (as previously reported) |
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Net income before charges |
|
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|
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Tampa Electric |
|
$ 28.6 |
$ 25.6 |
|
|
|
|
$ 154.0 |
$ 144.5 |
|
|
|
Peoples Gas |
|
5.8 |
5.9 |
|
|
|
|
23.1 |
21.8 |
|
|
|
TECO Power Services |
|
2.1 |
12.3 |
|
|
|
|
26.9 |
36.9 |
|
|
|
TECO Transport |
|
6.0 |
6.3 |
|
|
|
|
27.5 |
28.7 |
|
|
|
TECO Coal |
|
18.4 |
13.2 |
|
|
|
|
59.0 |
37.5 |
|
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Other diversified companies |
|
7.7 |
8.2 |
|
|
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|
35.1 |
31.3 |
|
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Other/financing/eliminations |
|
(3.8) |
(13.7) |
|
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|
(21.9) |
(49.8) |
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Net income before charges |
|
64.8 |
57.8 |
|
|
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|
303.7 |
250.9 |
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Charges |
|
- |
- |
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|
- |
- |
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Consolidating net income |
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from continuing operations |
|
$ 64.8 |
$ 57.8 |
|
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|
$ 303.7 |
$ 250.9 |
|
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Discontinued operations |
|
- |
- |
|
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|
|
- |
|
|
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Net income |
|
$ 64.8 |
$ 57.8 |
|
|
|
|
$ 303.7 |
$ 250.9 |
|
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Net Income (including internally |
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allocated finance costs) (1) |
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Net income before charges |
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|
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|
|
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|
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|
Tampa Electric |
|
$ 28.6 |
$ 25.6 |
|
|
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|
$ 154.0 |
$ 144.5 |
|
|
|
Peoples Gas |
|
5.8 |
5.9 |
|
|
|
|
23.1 |
21.8 |
|
|
|
TECO Power Services |
|
2.1 |
6.5 |
|
|
|
|
26.9 |
22.8 |
|
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|
TECO Transport |
|
6.0 |
6.5 |
|
|
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|
27.5 |
29.2 |
|
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|
TECO Coal |
|
18.4 |
12.1 |
|
|
|
|
59.0 |
33.5 |
|
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|
Other diversified companies |
|
7.7 |
7.3 |
|
|
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|
35.1 |
28.1 |
|
|
|
Other/financing/eliminations |
|
(3.8) |
(6.1) |
|
|
|
|
(21.9) |
(29.0) |
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Net income before charges |
|
64.8 |
57.8 |
|
|
|
|
303.7 |
250.9 |
|
|
|
|
|
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|
|
|
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Charges |
|
- |
- |
|
|
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|
- |
- |
|
|
|
|
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|
|
|
|
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|
Net income from continuing operations |
|
64.8 |
57.8 |
|
|
|
|
303.7 |
250.9 |
|
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|
|
|
|
|
|
|
|
|
|
|
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|
Discontinued operations |
|
- |
- |
|
|
|
|
- |
- |
|
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Net income |
|
$ 64.8 |
$ 57.8 |
|
|
|
|
$ 303.7 |
$ 250.9 |
|
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|
Average common shares outstanding |
|
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during the period (thousands) |
|
138,710 |
126,101 |
|
|
|
|
134,521 |
125,882 |
|
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Notes: |
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1) Revenues for all periods have been restated to reflect the reclassification of earnings from equity investments from |
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Revenues to Other Income. There is no impact to net income as reported. |
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2) Beginning in 2001, segment net income is reported on a basis that includes internally allocated financing costs. Prior period |
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net income has been restated to reflect the estimated internally allocated financing costs that would have been attributable |
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to such prior periods. Internally allocated finance costs for 2001 and 2000 were at pretax rates of 7% and 6.75%, |
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respectively, based on the average investment in each subsidiary. |
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3) Net income for the 12-month period ended December 31, 2000 for Other diversified companies includes an $8.3 million |
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|
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|
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|
after tax cash gain from the TECO Propane Venture and Heritage Propane transaction partially offset by a $3.8 million |
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|
charge to adjust property values at TECO Properties. |
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4) Other/eliminations Net income for the 12-month period ended December 31, 2000 includes an after tax charge of |
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|
$5.2 million relating to the carrying value of the leveraged lease portfolio. |
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