EX-99.2 3 tm236481d1_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

EVERSOURCE ENERGY AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   For the Three Months Ended December 31, 
(Thousands of Dollars, Except Share Information)  2022   2021 
Operating Revenues  $3,029,740   $2,481,912 
           
Operating Expenses:          
Purchased Power, Purchased Natural Gas and Transmission   1,295,796    843,127 
Operations and Maintenance   486,431    473,932 
Depreciation   308,535    280,810 
Amortization   30,248    73,105 
Energy Efficiency Programs   159,342    131,961 
Taxes Other Than Income Taxes   227,150    206,159 
Total Operating Expenses   2,507,502    2,009,094 
Operating Income   522,238    472,818 
Interest Expense   186,765    151,171 
Other Income, Net   90,834    36,694 
Income Before Income Tax Expense   426,307    358,341 
Income Tax Expense   104,269    49,763 
Net Income   322,038    308,578 
Net Income Attributable to Noncontrolling Interests   1,880    1,880 
Net Income Attributable to Common Shareholders  $320,158   $306,698 
           
Basic and Diluted Earnings Per Common Share  $0.92   $0.89 
           
Weighted Average Common Shares Outstanding:          
Basic   348,786,307    344,344,986 
Diluted   349,267,768    345,084,052 

 

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

 

 

 

 

EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   For the Years Ended December 31, 
(Thousands of Dollars, Except Share Information)  2022   2021   2020 
Operating Revenues  $12,289,336   $9,863,085   $8,904,430 
                
Operating Expenses:               
Purchased Power, Purchased Natural Gas and Transmission   5,014,074    3,372,344    2,987,840 
Operations and Maintenance   1,865,328    1,739,685    1,480,252 
Depreciation   1,194,246    1,103,008    981,380 
Amortization   448,892    231,965    177,679 
Energy Efficiency Programs   658,051    592,775    535,760 
Taxes Other Than Income Taxes   910,591    829,987    752,785 
Total Operating Expenses   10,091,182    7,869,764    6,915,696 
Operating Income   2,198,154    1,993,321    1,988,734 
Interest Expense   678,274    582,334    538,452 
Other Income, Net   346,088    161,282    108,590 
Income Before Income Tax Expense   1,865,968    1,572,269    1,558,872 
Income Tax Expense   453,574    344,223    346,186 
Net Income   1,412,394    1,228,046    1,212,686 
Net Income Attributable to Noncontrolling Interests   7,519    7,519    7,519 
Net Income Attributable to Common Shareholders  $1,404,875   $1,220,527   $1,205,167 
                
Basic Earnings Per Common Share  $4.05   $3.55   $3.56 
                
Diluted Earnings Per Common Share  $4.05   $3.54   $3.55 
                
Weighted Average Common Shares Outstanding:               
Basic   346,783,444    343,972,926    338,836,147 
Diluted   347,246,768    344,631,056    339,847,062 

 

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.