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Previous: AGL RESOURCES INC, U-1, EX-99.7, 2000-06-22 |
Next: AGL RESOURCES INC, U-1, EX-99.9, 2000-06-22 |
Exhibit FS-3
<TABLE>
<CAPTION>
AGL RESOURCES INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA COMBINED CONDENSED
STATEMENT OF CONSOLIDATED INCOME FOR THE SIX MONTHS ENDED
MARCH 31, 2000
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
AGL Resources VNG Pro Forma Pro Forma
(As reported) (As reported) Adjustments Combined
------------------------------------------- ---------
<S> <C> <C> <C> <C>
Operating revenues $ 342.4 $ 156.4 $ 498.8
Cost of sales 85.3 82.6 167.9
---------- ---------- ---------
Operating margin 257.1 73.8 330.9
Other operating expenses $ 0.2 A
186.1 39.1 1.9 H 227.3
---------- ---------- --------- ---------
Operating Income 71.0 34.7 (2.1) 103.6
Other income (loss) 19.3 0.3 19.6
Interest expense, net 24.6 5.1 (5.1) A 46.9
22.4 A
0.2 G
(0.3) K
Dividends on preferred stock of subsidiary 3.1 - - 3.1
---------- ---------- --------- ---------
Income before income taxes 62.6 29.9 (19.3) 73.2
Income taxes 22.8 12.1 (7.5) I 27.4
---------- ---------- --------- ---------
Net income $ 39.8 $ 17.8 $ (11.8) $ 45.8
========== ========== ========= =========
Earnings per common share
Basic $ 0.71 $ 0.82
========== =========
Diluted $ 0.71 $ 0.82
========== =========
Weighted average number of common shares outstanding
Basic 56.2 56.2
========== =========
Diluted 56.2 56.2
========== =========
</TABLE>
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