Financial Results for 2nd Quarter 2004 Actual vs 2nd Quarter 2003 Actual |
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2003 Actual | 2004 Actual | |||||||||
($ millions) | EPS | ($ millions) | EPS | |||||||
UTILITY OPERATIONS: | ||||||||||
Gross Margin: | ||||||||||
1 | Regulated Integrated Utilities | 655 | 751 | |||||||
2 | Ohio Cos. | 464 | 468 | |||||||
3 | Texas Wires | 174 | 106 | |||||||
4 | Texas Supply / REP | 115 | 84 | |||||||
5 | Off-System Sales | 104 | 113 | |||||||
6 | Other Wholesale Transactions | (2) | 9 | |||||||
7 | Transmission Revenue - 3rd Party | 116 | 119 | |||||||
8 | Other Operating Revenue | 83 | 73 | |||||||
9 | Total Gross Margin | 1,709 | 1,723 | |||||||
10 | Operations & Maintenance | (735) | (824) | |||||||
11 | Depreciation & Amortization | (315) | (308) | |||||||
12 | Taxes Other than Income Taxes | (154) | (174) | |||||||
13 | Interest Exp & Preferred Dividend | (167) | (157) | |||||||
14 | Other Income & Deductions | 5 | 16 | |||||||
15 | Income Taxes | (118) | (93) | |||||||
16 | Net Earnings Utility Operations | 225 | 0.57 | 183 | 0.46 | |||||
INVESTMENTS: | ||||||||||
17 | AEPES, inclds Gas HoldCo (HPL) | (26) | (4) | |||||||
18 | MEMCO | 1 | 2 | |||||||
19 | IPPs and Wind Farms | (2) | 1 | |||||||
20 | AEP Resources - Other | (11) | (4) | |||||||
21 | Other | (14) | (3) | |||||||
22 | Total Investments | (52) | (0.13) | (8) | (0.02) | |||||
23 | Parent Company | (3) | (0.01) | (25) | (0.06) | |||||
24 | ON-GOING EARNINGS | 170 | 0.43 | 150 | 0.38 | |||||
Note: For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. |