EX-99.2 3 tm245877d1_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF (LOSS)/INCOME

(Unaudited)

 

   For the Three Months Ended December 31, 
(Thousands of Dollars, Except Share Information)  2023   2022 
Operating Revenues  $2,694,238   $3,029,740 
           
Operating Expenses:          
Purchased Power, Purchased Natural Gas and Transmission   935,329    1,295,796 
Operations and Maintenance   513,141    486,431 
Depreciation   343,363    308,535 
Amortization   (51,657)   30,248 
Energy Efficiency Programs   160,145    159,342 
Taxes Other Than Income Taxes   235,370    227,150 
Total Operating Expenses   2,135,691    2,507,502 
Operating Income   558,547    522,238 
Interest Expense   231,300    186,765 
Impairments of Offshore Wind Investments   1,766,000    — 
Other Income, Net   85,090    90,834 
(Loss)/Income Before Income Tax Expense   (1,353,663)   426,307 
Income Tax (Benefit)/Expense   (67,058)   104,269 
Net (Loss)/Income   (1,286,605)   322,038 
Net Income Attributable to Noncontrolling Interests   1,880    1,880 
Net (Loss)/Income Attributable to Common Shareholders  $(1,288,485)  $320,158 
           
Basic and Diluted (Loss)/Earnings Per Common Share  $(3.68)  $0.92 
           
Weighted Average Common Shares Outstanding:          
Basic   349,938,891    348,786,307 
Diluted   350,167,959    349,267,768 

 

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 (LOSS)/INCOME

(Unaudited)

 

   For the Years Ended December 31, 
(Thousands of Dollars, Except Share Information)  2023   2022   2021 
Operating Revenues  $11,910,705   $12,289,336   $9,863,085 
                
Operating Expenses:               
Purchased Power, Purchased Natural Gas and Transmission   5,168,241    5,014,074    3,372,344 
Operations and Maintenance   1,895,703    1,865,328    1,739,685 
Depreciation   1,305,840    1,194,246    1,103,008 
Amortization   (490,117)   448,892    231,965 
Energy Efficiency Programs   691,344    658,051    592,775 
Taxes Other Than Income Taxes   940,359    910,591    829,987 
Total Operating Expenses   9,511,370    10,091,182    7,869,764 
Operating Income   2,399,335    2,198,154    1,993,321 
Interest Expense   855,441    678,274    582,334 
Impairments of Offshore Wind Investments   2,167,000    —    — 
Other Income, Net   348,069    346,088    161,282 
(Loss)/Income Before Income Tax Expense   (275,037)   1,865,968    1,572,269 
Income Tax Expense   159,684    453,574    344,223 
Net (Loss)/Income   (434,721)   1,412,394    1,228,046 
Net Income Attributable to Noncontrolling Interests   7,519    7,519    7,519 
Net (Loss)/Income Attributable to Common Shareholders  $(442,240)  $1,404,875   $1,220,527 
                
Basic (Loss)/Earnings Per Common Share  $(1.27)  $4.05   $3.55 
                
Diluted (Loss)/Earnings Per Common Share  $(1.26)  $4.05   $3.54 
                
Weighted Average Common Shares Outstanding:               
Basic   349,580,638    346,783,444    343,972,926 
Diluted   349,840,481    347,246,768    344,631,056 

 

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.