EX-99 3 exhibita1.txt EXHIBIT A-1 Exhibit A-1 (Unaudited) Nicor Inc. Consolidating Statement of Operations For the Year Ended December 31, 2003 (Millions, except per share data)
Nonoperating Other Subsidiaries, Nicor Energy Tropical Operating Adjustments Nicor Birdsall, Ventures Bahamas Subsid- and Nicor Inc. Gas Inc. (a) Company (b) Ltd. iaries Eliminations Consolidated ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Operating revenues $ 0.9 $2,351.6 $ 272.2 $ 34.7 $ 11.5 $ 61.8 $ (70.0) $ 2,662.7 ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Operating expenses Cost of gas - 1,692.7 - - - - - 1,692.7 Operating and maintenance 8.2 220.1 230.1 27.5 0.1 58.9 (58.1) 486.8 Depreciation - 143.5 16.9 1.3 - 0.1 (0.1) 161.7 Taxes, other than income taxes - 147.3 4.0 0.4 - - 0.1 151.8 Mercury-related costs (recoveries), net - (17.8) - - - - - (17.8) Property sales (gain) - - (1.5) - - - (0.4) (1.9) ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ 8.2 2,185.8 249.5 29.2 0.1 59.0 (58.5) 2,473.3 ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Operating income (loss) (7.3) 165.8 22.7 5.5 11.4 2.8 (11.5) 189.4 ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Equity investment income (loss) (1.5) (0.1) 5.5 9.9 - 1.5 - 15.3 Other income (expense), net 118.7 2.1 0.8 0.6 - - (120.2) 2.0 Interest expense, net of amounts capitalized 13.0 36.8 0.5 0.3 - - (13.3) 37.3 ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Income (loss) before income taxes and cumulative effect of accounting change 96.9 131.0 28.5 15.7 11.4 4.3 (118.4) 169.4 Income taxes (8.3) 48.0 7.9 6.2 4.0 1.7 0.1 59.6 ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Income (loss) before cumulative effect of accounting change 105.2 83.0 20.6 9.5 7.4 2.6 (118.5) 109.8 Cumulative effect of accounting change, net of tax - - - (4.6) - - 0.1 (4.5) ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Net income (loss) 105.2 83.0 20.6 4.9 7.4 2.6 (118.4) 105.3 Dividends on preferred stock 0.1 0.2 - - - - (0.2) 0.1 ---------- --------- ---------- ------------- --------- -------------- ------------ ------------ Earnings (loss) applicable to common stock $ 105.1 $ 82.8 $ 20.6 $ 4.9 $ 7.4 $ 2.6 $ (118.2) $ 105.2 ========== ========= ========== ============= ========= ============== ============ ============ Average shares of common stock outstanding Basic 44.0 Diluted 44.2 Earnings per average share of common stock Basic Before cumulative effect of accounting change $ 2.49 Cumulative effect of accounting change, net of tax (0.10) ----------- 2.39 =========== Diluted Before cumulative effect of accounting change $ 2.48 Cumulative effect of accounting change, net of tax (0.10) ` ----------- 2.38 =========== (a) From Birdsall, Inc. consolidated column on Exhibit A-4. (b) From Nicor Energy Ventures Company consolidated column on Exhibit A-7. Note: Subsidiaries combined under "Other Operating Subsidiaries" in Exhibits A-1 through A-3, together with subsidiaries combined under "Other Subsidiaries" in Exhibits A-4 through A-9, aggregate less than 2% of Nicor Inc. consolidated assets or consolidated revenue.