|
Consolidated Statements of Income
<br />K N Energy, Inc. and Subsidiaries
<br />
<br />•
<br />•
<br />Years Ended December 31
<br />1990 1989 1988
<br />(Dollars in Thousands
<br />Except Per Share Amounts)
<br />Operating Revenues:
<br />Gas Service-
<br />Natural Gas Sales ...................................
<br />Other ..............................................
<br />Total Gas Service Revenues ............................
<br />Mineral Resources ....................................
<br />Gas Marketing and Other ...............................
<br />Total Operating Revenues ..............................
<br />Operating Costs and Expenses:
<br />Gas Purchases .......................................
<br />Operations ...........................................
<br />Maintenance ..........................................
<br />Depreciation, Depletion and Amortization ................ .
<br />Impairment of Mineral Resource Properties (Note 3) ...... .
<br />Taxes, Other Than Income Taxes ....................... .
<br />Total Operating Costs and Expenses .................... .
<br />Operatinglncome(Loss) ..............................
<br />Other Income and (Deductions):
<br />Interest Expense ......................................
<br />Gain on Sale of Subsidiaries (Note 6) ....... ~ .............
<br />Other, Net ............................................
<br />Total Otherlncome and (Deductions) ....................
<br />Income (Loss) Before Income Taxes ................... .
<br />Income Taxes .........................................
<br />Income (Loss) Before Extraordinary Items ............ .
<br />Extraordinary Items-Settlements of Coal Slurry
<br />Pipeline Litigation, Net of Income Taxes of
<br />$15,431,000 and $12,511,000 (Note 2) .................
<br />Netlncome ..........................................
<br />Less-Preferred Stock Dividends .......................
<br />Net Income Available for Common Stock ...............
<br />Earnings Per Average Share of
<br />Common Stock Outstanding:
<br />Before Extraordinaryltems .............................
<br />Extraordinaryltems ....................................
<br />The aaompanying rrotes are en integral part of these statements
<br />22
<br />$294,067 $293,447 $296,291
<br />44,596 28,306 21,850
<br />338,663 321,753 318,141
<br />28,887 17,370 15,008
<br />25,301 14,219 2,028
<br />392,851 353,342 335,177
<br />
<br />200,754 187,009 177, 740
<br />104,233 89,463 86,126
<br />7,123 8,884 8,693
<br />21,910 19,650 22,147
<br />- - 40,100
<br />10,852 9,838 10,064
<br />344,872 314,844 344,870
<br />47,979 38,498 (9,693)
<br />(16,695) (18,639) (17,975)
<br />- - 15,685
<br />876) 4,318 189
<br />17,571) (14,321) (2,101)
<br />30,408 24,177 (11,794)
<br />11,442 9,424 (5,578)
<br />18,966 14,753 (6,216)
<br />25,654 - 21,766
<br />44,620 14,753 15,550
<br />1,561 1,742 1,874
<br />$ 43,059 $ 13,011 $ 13,676
<br />
<br />S 1.83 $ 1.40 $ (0.89)
<br />2.70 - 2.39
<br />S 4.53 $ 1.40 $ 1.50
<br />
|