EX-99 10 nfg-20131231xex99.htm EX-99 Exhibit 99

 

 

 

 

 

 

 

 

Exhibit 99

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONAL FUEL GAS

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Twelve Months Ended

 

 

 

December 31

(Thousands of Dollars)

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME

 

 

 

 

 

 

Operating Revenues

 

$

1,926,768 

 

$

1,647,284 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

Purchased Gas

 

 

506,118 

 

 

405,315 

Operation and Maintenance

 

 

442,204 

 

 

409,069 

Property, Franchise and Other Taxes

 

 

83,693 

 

 

90,722 

Depreciation, Depletion and Amortization

 

 

347,543 

 

 

281,314 

 

 

 

1,379,558 

 

 

1,186,420 

 

 

 

 

 

 

 

Operating Income

 

 

547,210 

 

 

460,864 

 

 

 

 

 

 

 

Other Income (Expense):

 

 

 

 

 

 

Interest Income

 

 

3,650 

 

 

3,971 

Other Income

 

 

3,512 

 

 

5,212 

Interest Expense on Long-Term Debt

 

 

(91,710)

 

 

(84,810)

Other Interest Expense

 

 

(3,719)

 

 

(4,536)

 

 

 

 

 

 

 

Income Before Income Taxes

 

 

458,943 

 

 

380,701 

 

 

 

 

 

 

 

Income Tax Expense

 

 

184,634 

 

 

153,379 

 

 

 

 

 

 

 

Net Income Available for Common Stock

 

$

274,309 

 

$

227,322 

 

 

 

 

 

 

 

Earnings Per Common Share:

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Net Income Available for Common Stock

 

$

3.28 

 

$

2.73 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

Net Income Available for Common Stock

 

$

3.25 

 

$

2.71 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding:

 

 

 

 

 

 

Used in Basic Calculation

 

 

83,598,868 

 

 

83,258,386 

 

 

 

 

 

 

 

Used in Diluted Calculation

 

 

84,411,007 

 

 

83,800,341