EX-99.A.2 4 rexha2.htm WPS RESOURCES INCOME STATEMENT

WPS RESOURCES CORPORATION AND SUBSIDIARIES

Exhibit A-2

CONSOLIDATING STATEMENT OF INCOME

FOR THE YEAR ENDED DECEMBER 31, 2001

Millions

Eliminations

Consolidated

WPSC

WPSR

WPSRCC

UPPCO

UPBDC

PENVEST

WPSN

CAP TRST I

VISIONS

Debit

Credit

Stmt of
   Income

Operating revenues

Nonregulated revenue

-

90.7

1,705.7

-

1.1

-

-

-

-

96.9

1,700.6

Utility revenue

932.3

-

-

65.0

-

-

-

-

-

22.4

974.9

Total revenues

932.3

90.7

1,705.7

65.0

1.1

-

-

-

-

119.3

-

2,675.5

Nonregulated cost of fuel, gas, and purchased power

-

-

1,642.1

-

-

-

-

-

-

2.5

1,639.6
Utility cost of fuel, gas, and purchased power

443.0

-

-

26.7

-

-

-

-

-

1.5

26.6

444.6
Operating and maintenance expense

262.2

5.4

70.9

23.8

-

-

-

-

-

1.1

361.2

Depreciation and decommissioning

72.6

0.2

8.1

5.5

0.2

-

-

-

-

86.6

Taxes other than income

31.4

0.1

0.4

4.2

0.1

-

-

-

-

36.2

Total operating expenses

809.2

5.7

1,721.5

60.2

0.3

-

-

-

-

1.5

30.2

2,568.2

Operating income

123.1

85.0

(15.8)

4.8

0.8

-

-

-

-

120.8

30.2

107.3

Miscellaneous income

36.6

1.0

3.9

1.3

-

-

0.2

3.6

-

9.1

37.5

Interest expense

(31.2)

(17.7)

(10.5)

(4.2)

(0.3)

-

-

(0.1)

-

8.2

(55.8)
Distributions - preferred securities of subsidiary trust

-

-

-

-

-

-

-

(3.5)

-

(3.5)

Other income (expense)

5.4

(16.7)

(6.6)

(2.9)

(0.3)

-

0.2

-

-

9.1

8.2

(21.8)

Income before income taxes

128.5

68.3

(22.4)

1.9

0.5

-

0.2

-

-

129.9

38.4

85.5

Provision for income taxes

43.9

(9.3)

(30.9)

0.9

0.2

-

-

-

-

4.8

Minority interest

(0.9)

-

-

-

-

-

-

-

-

0.9

-

Net income before preferred

83.7

77.6

8.5

1.0

0.3

-

0.2

-

-

129.9

39.3

80.7
Preferred stock dividends of subsidiary

3.1

-

-

-

-

-

-

-

-

3.1
Income available for common shareholders

80.6

77.6

8.5

1.0

0.3

-

0.2

-

-

129.9

39.3

77.6

WPS RESOURCES CORPORATION AND SUBSIDIARIES

Exhibit A-2
CONSOLIDATING STMT OF RETAINED EARNINGS

AS OF DECEMBER 31, 2001

Millions

Eliminations

Consolidated

WPSC

WPSR

WPSRCC

UPPCO

UPBDC

PENVEST

WPSN

CAP TRST I

VISIONS

Debit

Credit

Stmt of RE

Retained earnings (1/1/01)

229.3

354.8

(4.7)

10.3

0.9

-

(0.4)

-

-

235.4

-

354.8
Income available for common shareholders

80.6

77.6

8.5

1.0

0.3

-

0.2

-

-

90.6

-

77.6

309.9

432.4

3.8

11.3

1.2

-

(0.2)

-

-

326.0

-

432.4

Dividends on common stock

59.5

58.3

-

-

-

-

-

-

-

-

59.0

58.8

Other comprehensive income

-

2.7

2.7

-

-

-

-

-

-

-

2.7

2.7

Retained earnings (12/31/02)

250.4

371.4

1.1

11.3

1.2

-

(0.2)

-

-

326.0

61.7

370.9