Report of Business Segments (Tables)

3 Months Ended

Mar. 31, 2020

The following tables summarize the results of the Company's business segments during the three months ended March 31, 2020 and 2019.



Three Months Ended March 31, 2020	Electric Utility		Natural Gas Midstream Operations		Other Operations		Eliminations		Total
(In millions)
Operating revenues	$	431.3	$	—	$	—	$	—	$	431.3
Cost of sales	135.0		—		—		—		135.0
Other operation and maintenance	121.0		0.6		(1.6)		—		120.0
Depreciation and amortization	94.4		—		—		—		94.4


Taxes other than income	23.9		0.1		1.6		—		25.6
Operating income (loss)	57.0		(0.7)		—		—		56.3
Equity in earnings (losses) of unconsolidated affiliates (A)	—		(746.5)		—		—		(746.5)
Other income (expense)	1.8		—		1.3		(1.0)		2.1
Interest expense	36.9		—		2.4		(1.0)		38.3
Income tax expense (benefit)	2.0		(179.2)		(57.4)		—		(234.6)
Net income (loss)	$	19.9	$	(568.0)	$	56.3	$	—	$	(491.8)
Investment in unconsolidated affiliates	$	—	$	348.0	$	19.5	$	—	$	367.5
Total assets	$	10,030.7	$	353.4	$	252.9	$	(266.1)	$	10,370.9

(A)At March 31, 2020, the Company recorded a $780.0 million impairment on its investment in Enable, as further discussed in Notes 4 and 5.



Three Months Ended March 31, 2019	Electric Utility		Natural Gas Midstream Operations		Other Operations		Eliminations		Total
(In millions)
Operating revenues	$	490.0	$	—	$	—	$	—	$	490.0
Cost of sales	212.6		—		—		—		212.6
Other operation and maintenance	120.3		0.4		(1.7)		—		119.0
Depreciation and amortization	82.4		—		—		—		82.4


Taxes other than income	24.4		0.2		1.7		—		26.3
Operating income (loss)	50.3		(0.6)		—		—		49.7
Equity in earnings of unconsolidated affiliates	—		30.7		—		—		30.7
Other income (expense)	2.6		(7.4)		0.7		(0.4)		(4.5)
Interest expense	32.4		—		2.6		(0.4)		34.6
Income tax expense (benefit)	0.9		1.4		(8.1)		—		(5.8)
Net income	$	19.6	$	21.3	$	6.2	$	—	$	47.1
Investment in unconsolidated affiliates	$	—	$	1,162.0	$	11.9	$	—	$	1,173.9
Total assets	$	9,478.5	$	1,173.0	$	200.5	$	(90.4)	$	10,761.6