<PAGE> 1
File No. 001-01098
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
AMENDMENT NO. 1
to
FORM U5S
ANNUAL REPORT
For the Year Ended December 31, 1996
Filed pursuant to the
Public Utility Holding Company Act of 1935
THE COLUMBIA GAS SYSTEM, INC.
(Name of registered holding company)
12355 Sunrise Valley Drive, Suite 300
Reston, Virginia 20191-3420
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<PAGE> 2
Page 2
This Amendment No. 1 to the registrant's Annual Report (Form U5S)
for 1996 amends Item 6, to include information concerning Officers Aggregated
Option/SAR Execises In Last Fiscal Year And Year-End Option/SAR Values. The
table disclosing this information was inadvertently omitted from the 1996 Form
U5S.
This Amendment No. 1 adjusts the order of Item 10, Financial
Statements, which was inadvertently submitted out of sequence for the 1996 Form
U5S.
This Amendment No. 1 also adjusts the Notes disclosures of Item 4,
Acquisition, Redemption Or Retirement Of System Securities During 1996.
<PAGE> 3
<TABLE>
<CAPTION>
Number of Shares or
Name of Company Principal Amount
Acquiring, -----------------------------------------
Name of Issuer Redeeming or Redeemed
and Retiring Acquired and Retired Consideration Commission
Title of Issue Securities ($000) ($000) ($000) Authorization
- ----------------- --------------- ------------------ ------------------ ----------------- --------------
<S> <C> <C> <C> <C> <C>
TCO TCO
Secured Debt 311,000 311,000 Exempt Rule 42
CES
Common Stock CG 2,500 shares 25,000 Exempt Rule 52
CAT
Common Stock CG 0 shares (d) 1,483 Exempt Rule 45
</TABLE>
Notes
(a) In July 1996, CGC merged with CNR. In connection with the merger, CNR
issued 350,401 shares of common stock to CG to retire 1,939,000 common
shares of CGC. CNR also assumed $3,013,000 of CGC unsecured debt.
(b) CGD was sold in April 1996.
(c) CG made a capital contribution to CLG.
(d) CG made a capital contribution to CAT.
(e) As of December 1996, the System's full cost pool adjustment was
transferred to CNR.
3
<PAGE> 4
<TABLE>
<CAPTION>
=========================================================================================================
AGGREGATED OPTION/SAR EXERCISES IN LAST FISCAL YEAR
AND YEAR-END OPTION/SAR VALUES
=========================================================================================================
(a) (b) (c) (d) (e)
=========================================================================================================
Number of Securities Value of Unexercised
Underlying Unexercised In-the-Money Options/SARs
Options/SARs at at Year-End($)
Year-End
=========================================================================================================
Name Number of Value Exercisable/ Exercisable/
Shares Realized Unexercisable Unexercisable *
Acquired ($) (1)
on Exercise
=========================================================================================================
<S> <C> <C> <C> <C>
0.G. Richard III -0- $0 50,000/50,000 746,875/746,875
- ---------------------------------------------------------------------------------------------------------
M.W. O'Donnell -0- $0 11,440/0 289,396/0
- ---------------------------------------------------------------------------------------------------------
P.M. Schwolsky -0- $0 5,000/0 162,875/0
- ---------------------------------------------------------------------------------------------------------
C.G. Abbott -0- $0 0/0 0\0
- ---------------------------------------------------------------------------------------------------------
R.C. Skaggs, Jr.** 1,490 $15,008 6,585/0 131,988/0
- ---------------------------------------------------------------------------------------------------------
S.J. Harvey -0- $0 0/0 0\0
- ---------------------------------------------------------------------------------------------------------
J.P. Holland 15,960 $176,240 0/0 0\0
- ---------------------------------------------------------------------------------------------------------
C.R. Tilley 21,500 $254,924 0/0 0\0
- ---------------------------------------------------------------------------------------------------------
All Other Officers (Part I) 850 $5,427 0/0 0\0
=========================================================================================================
</TABLE>
* Market value of underlying securities at exercise or FY-end, minus the
exercise or base price.
** Information regarding Mr. Skaggs, although not required because he is not an
"executive officer" as defined in the SEC's rules and regulations, is
provided due to the level of his compensation.
Related Party Transactions
Until January 17, 1996, the date of her employment with the Corporation and its
subsidiaries, Ms. Abbott was Chairman of the Board and a shareholder of GEM
Energy Consulting, Inc. Until January 22, 1996, the date of his employment with
the Corporation's subsidiary, Columbia Gas System Service Corporation, Mr.
Harvey was a director, the secretary and a shareholder of Gem Energy Consulting,
Inc. Gem Energy Consulting, Inc. had a consulting agreement with a subsidiary of
the Corporation under which the consulting firm received $364,000 in 1996.
The compensation for services in all capacities payable to or earned by the
executive officers of the Corporation and its subsidiaries during the year 1996
was as follows:
4
<PAGE> 5
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
Financial Statements included in Form U5S:
CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 1996
The Columbia Gas System Inc, and Subsidiaries............... F-1
Tristar Ventures Corporation and Subsidiaries............... F-1A
Tristar Capital Corporation and Subsidiary.................. F-1B
Columbia LNG Corporation and Subsidiary..................... F-1C
Columbia Energy Services Corporation and Subsidiary......... F-1D
Columbia Network Services Corporation and Subsidiary........ F-1E
SUMMARY OF CONSOLIDATING BALANCE SHEET ENTRIES AS OF
DECEMBER 31, 1996
The Columbia Gas System Inc, and Subsidiaries............... F-2
Tristar Ventures Corporation and Subsidiaries............... F-2A
Tristar Capital Corporation and Subsidiary.................. F-2B
Columbia LNG Corporation and Subsidiary..................... F-2C
Columbia Energy Services Corporation and Subsidiary......... F-2D
Columbia Network Services Corporation and Subsidiary........ F-2E
CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED
DECEMBER 31, 1996
The Columbia Gas System Inc, and Subsidiaries............... F-3
Tristar Ventures Corporation and Subsidiaries............... F-3A
Tristar Capital Corporation and Subsidiary.................. F-3B
Columbia LNG Corporation and Subsidiary..................... F-3C
Columbia Energy Services Corporation and Subsidiary......... F-3D
Columbia Network Services Corporation and Subsidiary........ F-3E
SUMMARY OF CONSOLIDATING STATEMENT OF INCOME ENTRIES FOR
THE YEAR ENDED DECEMBER 31, 1996
The Columbia Gas System Inc, and Subsidiaries............... F-4
Tristar Ventures Corporation and Subsidiaries............... F-4A
Tristar Capital Corporation and Subsidiary.................. F-4B
Columbia LNG Corporation and Subsidiary..................... F-4C
Columbia Energy Services Corporation and Subsidiary......... F-4D
Columbia Network Services Corporation and Subsidiary........ F-4E
CONSOLIDATING STATEMENT OF COMMON STOCK EQUITY FOR THE
YEAR ENDED DECEMBER 31, 1996
The Columbia Gas System Inc, and Subsidiaries............... F-5
Tristar Ventures Corporation and Subsidiaries............... F-5A
Tristar Capital Corporation and Subsidiary.................. F-5B
Columbia LNG Corporation and Subsidiary..................... F-5C
Columbia Energy Services Corporation and Subsidiary......... F-5D
Columbia Network Services Corporation and Subsidiary........ F-5E
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 1996
The Columbia Gas System Inc, and Subsidiaries............... F-6
<PAGE> 6
<TABLE>
<S> <C>
Tristar Ventures Corporation and Subsidiaries ............... F-6A
Tristar Capital Corporation and Subsidiary .................. F-6B
Columbia LNG Corporation and Subsidiary ..................... F-6C
Columbia Energy Services Corporation and Subsidiary ......... F-6D
Columbia Network Services Corporation and Subsidiary ........ F-6E
</TABLE>
<PAGE> 7
F-1 (1 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 F-1 F-1 F-1 Consolidating
Page 2 Page 3 Page 4 Page 5 Combined Entries
---------- ---------- ---------- ------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant,
at original cost ..................... 4,714,869 2,177,253 105,550 230 6,997,902 (3,504)
Accumulated depreciation and depletion .. (2,500,324) (794,888) (49,303) (2) (3,344,517) -
---------- ---------- ---------- ------- ----------- ----------
Net Gas Utility and Other Plant ......... 2,214,545 1,382,365 56,247 228 3,653,385 (3,504)
---------- ---------- ---------- ------- ----------- ----------
Gas and oil producing properties,
full cost method ..................... 502,820 - - - 502,820 -
Accumulated depletion ................... (144,493) - - - (144,493) (1,877)
---------- ---------- ---------- ------- ----------- ----------
Net Gas and Oil Producing Properties .... 358,327 - - - 358,327 (1,877)
---------- ---------- ---------- ------- ----------- ----------
Net Property, Plant, and Equipment ........ 2,572,872 1,382,365 56,247 228 4,011,712 (5,381)
---------- ---------- ---------- ------- ----------- ----------
Investments and Other Assets
Accounts receivable - noncurrent ........ 20,709 4,183 - - 24,892 (18,646)
Unconsolidated affiliates ............... 36,973 - 1,476 30,577 69,026 -
Assets held for sale .................... 12,116 - - - 12,116 -
Other ................................... 13,655 - 250 - 13,905 1,999
---------- ---------- ---------- ------- ----------- ----------
Total Investments and Other Assets ........ 83,453 4,183 1,726 30,577 119,939 (16,647)
---------- ---------- ---------- ------- ----------- ----------
Investments in Subsidiaries
Capital stock ........................... - 2,443,063 - - 2,443,063 (2,443,063)
Equity in undistributed earnings of
subsidiaries ........................... - (280,903) - - (280,903) 280,903
Notes receivable ........................ - 696,932 - - 696,932 (696,932)
Other investments ....................... - 643,000 - - 643,000 (643,000)
Other receivables - TCO ................. - - - - - -
---------- ---------- ---------- ------- ----------- ----------
Total Investments in Subsidiaries ......... - 3,502,092 - - 3,502,092 (3,502,092)
---------- ---------- ---------- ------- ----------- ----------
Current Assets
Cash and temporary cash investments ..... 5,340 23,691 18,953 1,765 49,749 87
Accounts receivable, net
Customers ............................. 86,089 306,742 169,395 - 562,226 -
Intercompany .......................... 135,447 367,720 37,189 18,792 559,148 (559,148)
Other ................................. 67,872 8,628 3,241 951 80,692 (45,346)
Income tax refunds ...................... - - - - - -
Gas inventory ........................... 20,055 217,783 - - 237,838 -
Other inventories, at average cost ...... 26,108 12,145 6,808 - 45,061 -
Prepayments ............................. 9,610 47,179 19,267 31 76,087 (2,305)
Regulatory assets ....................... 32,671 30,741 - - 63,412 -
Underrecovered gas costs ................ 17,763 91,607 - - 109,370 -
Prepaid property tax .................... 31,322 49,793 - - 81,115 -
Exchange gas receivable ................. 35,581 - - - 35,581 -
Other ................................... 86,709 91,557 4,167 181 182,614 (40,290)
---------- ---------- ---------- ------- ----------- ----------
Total Current Assets ...................... 554,567 1,247,586 259,020 21,720 2,082,893 (647,002)
---------- ---------- ---------- ------- ----------- ----------
Deferred Charges .......................... 10,562 15,499 25,681 594 52,336 (3,353)
Long-term regulatory assets ............... 200,720 209,411 - - 410,131 -
---------- ---------- ---------- ------- ----------- ----------
TOTAL ASSETS .............................. 3,422,174 6,361,136 342,674 53,119 10,179,103 (4,174,475)
========== ========== ========== ======= =========== ==========
<CAPTION>
Consolidated
------------
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant,
at original cost ..................... 6,994,398
Accumulated depreciation and depletion .. (3,344,517)
----------
Net Gas Utility and Other Plant ......... 3,649,881
----------
Gas and oil producing properties,
full cost method ..................... 502,820
Accumulated depletion ................... (146,370)
----------
Net Gas and Oil Producing Properties .... 356,450
----------
Net Property, Plant, and Equipment ........ 4,006,331
----------
Investments and Other Assets
Accounts receivable - noncurrent ........ 6,246
Unconsolidated affiliates ............... 69,026
Assets held for sale .................... 12,116
Other ................................... 15,904
----------
Total Investments and Other Assets ........ 103,292
----------
Investments in Subsidiaries
Capital stock ........................... -
Equity in undistributed earnings of
subsidiaries ........................... -
Notes receivable ........................ -
Other investments ....................... -
Other receivables - TCO ................. -
----------
Total Investments in Subsidiaries ......... -
----------
Current Assets
Cash and temporary cash investments ..... 49,836
Accounts receivable, net
Customers ............................. 562,226
Intercompany .......................... -
Other ................................. 35,346
Income tax refunds ...................... -
Gas inventory ........................... 237,838
Other inventories, at average cost ...... 45,061
Prepayments ............................. 73,782
Regulatory assets ....................... 63,412
Underrecovered gas costs ................ 109,370
Prepaid property tax .................... 81,115
Exchange gas receivable ................. 35,581
Other ................................... 142,324
----------
Total Current Assets ...................... 1,435,891
----------
Deferred Charges .......................... 48,983
Long-term regulatory assets ............... 410,131
----------
TOTAL ASSETS .............................. 6,004,628
==========
</TABLE>
<PAGE> 8
F-1 (2 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 Page 2
CNR TCO CGT CLG(a) CKY Total
-------- ---------- ---------- ------ -------- ----------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant,
at original cost ....................... - 3,297,742 1,229,670 - 187,457 4,714,869
Accumulated depreciation and depletion ... - (1,399,145) (1,028,744) - (72,435) (2,500,324)
-------- ---------- ---------- ------ -------- ----------
Net Gas Utility and Other Plant .......... - 1,898,597 200,926 - 115,022 2,214,545
-------- ---------- ---------- ------ -------- ----------
Gas and oil producing properties,
full cost method ...................... 502,820 - - - - 502,820
Accumulated depletion .................... (144,493) - - - - (144,493)
-------- ---------- ---------- ------ -------- ----------
Net Gas and Oil Producing Properties ..... 358,327 - - - - 358,327
-------- ---------- ---------- ------ -------- ----------
Net Property, Plant, and Equipment ......... 358,327 1,898,597 200,926 - 115,022 2,572,872
-------- ---------- ---------- ------ -------- ----------
Investments and Other Assets
Accounts receivable - noncurrent ......... - 20,566 143 - - 20,709
Unconsolidated affiliates ................ - - 24,266 12,707 - 36,973
Assets held for sale ..................... 12,116 - - - - 12,116
Other .................................... - 13,655 - - - 13,655
-------- ---------- ---------- ------ -------- ----------
Total Investments and Other Assets ......... 12,116 34,221 24,409 12,707 - 83,453
-------- ---------- ---------- ------ -------- ----------
Investments in Subsidiaries
Capital stock ............................ - - - - - -
Equity in undistributed earnings of
subsidiaries ............................ - - - - - -
Notes receivable ......................... - - - - - -
Other investments ........................ - - - - - -
Other receivables - TCO .................. - - - - - -
-------- ---------- ---------- ------ -------- ----------
Total Investments in Subsidiaries .......... - - - - - -
-------- ---------- ---------- ------ -------- ----------
Current Assets
Cash and temporary cash investments ...... 1,183 2,839 104 336 878 5,340
Accounts receivable, net
Customers .............................. 5,250 42,016 20,733 - 18,090 86,089
Intercompany ........................... 25,461 100,903 4,659 4,233 191 135,447
Other .................................. 1,395 62,563 3,386 448 80 67,872
Income tax refunds ....................... - - - - - -
Gas inventory ............................ - - - - 20,055 20,055
Other inventories, at average cost ....... 380 19,566 5,556 - 606 26,108
Prepayments .............................. 2,135 4,784 2,448 5 238 9,610
Regulatory assets ........................ - 28,108 3,899 - 664 32,671
Underrecovered gas costs ................. - - - - 17,763 17,763
Prepaid property tax ..................... - 26,452 3,885 - 985 31,322
Exchange gas receivable .................. - 25,836 9,745 - - 35,581
Other .................................... 14,976 62,253 4,027 74 5,379 86,709
-------- ---------- ---------- ------ -------- ----------
Total Current Assets ....................... 50,780 375,320 58,442 5,096 64,929 554,567
-------- ---------- ---------- ------ -------- ----------
Deferred Charges ........................... 2,327 6,753 504 827 151 10,562
Long-term regulatory assets ................ - 181,111 11,141 - 8,468 200,720
-------- ---------- ---------- ------ -------- ----------
TOTAL ASSETS ............................... 423,550 2,496,002 295,422 18,630 188,570 3,422,174
======== ========== ========== ====== ======== ==========
</TABLE>
(a) CLG includes one subsidiary as noted in Item 1. Consolidating financial
statements of CLG are presented herewith in Item 10, Exhibits F-1C through F-6C.
<PAGE> 9
F-1 (3 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 Page 3
COH CMD CPA COS CG Total
----------- -------- ----------- --------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant,
at original cost ..................... 1,266,469 68,000 533,366 309,418 - 2,177,253
Accumulated depreciation and depletion .. (530,687) (26,238) (166,232) (71,731) - (794,888)
----------- -------- ----------- --------- ----------- -----------
Net Gas Utility and Other Plant ......... 735,782 41,762 367,134 237,687 - 1,382,365
----------- -------- ----------- --------- ----------- -----------
Gas and oil producing properties,
full cost method ...................... - - - - - -
Accumulated depletion ................... - - - - - -
----------- -------- ----------- --------- ----------- -----------
Net Gas and Oil Producing Properties .... - - - - - -
----------- -------- ----------- --------- ----------- -----------
Net Property, Plant, and Equipment ........ 735,782 41,762 367,134 237,687 - 1,382,365
----------- -------- ----------- --------- ----------- -----------
Investments and Other Assets
Accounts receivable - noncurrent ........ - - - - 4,183 4,183
Unconsolidated affiliates ............... - - - - - -
Assets held for sale .................... - - - - - -
Other ................................... - - - - - -
----------- -------- ----------- --------- ----------- -----------
Total Investments and Other Assets ........ - - - - 4,183 4,183
----------- -------- ----------- --------- ----------- -----------
Investments in Subsidiaries
Capital stock ........................... - - - - 2,443,063 2,443,063
Equity in undistributed earnings of
subsidiaries ........................... - - - - (280,903) (280,903)
Notes receivable ........................ - - - - 696,932 696,932
Other investments ....................... - - - - 643,000 643,000
Other receivables - TCO ................. - - - - - -
----------- -------- ----------- --------- ----------- -----------
Total Investments in Subsidiaries ......... - - - - 3,502,092 3,502,092
----------- -------- ----------- --------- ----------- -----------
Current Assets
Cash and temporary cash investments ..... 5,806 37 1,355 649 15,844 23,691
Accounts receivable, net
Customers ............................. 194,066 5,828 74,136 32,712 - 306,742
Intercompany .......................... 27,355 340 3,116 350 336,559 367,720
Other ................................. 4,683 175 2,650 375 745 8,628
Income tax refunds ...................... - - - - - -
Gas inventory ........................... 130,388 4,297 67,168 15,930 - 217,783
Other inventories, at average cost ...... 6,982 442 2,641 2,080 - 12,145
Prepayments ............................. 43,858 1,117 812 1,055 337 47,179
Regulatory assets ....................... 24,114 360 3,742 2,525 - 30,741
Underrecovered gas costs ................ 47,287 850 34,992 8,478 - 91,607
Prepaid property tax .................... 49,793 - - - - 49,793
Exchange gas receivable ................. - - - - - -
Other ................................... 57,034 1,406 9,582 1,329 22,206 91,557
----------- -------- ----------- --------- ----------- -----------
Total Current Assets ...................... 591,366 14,852 200,194 65,483 375,691 1,247,586
----------- -------- ----------- --------- ----------- -----------
Deferred Charges .......................... 12,807 123 1,088 928 553 15,499
Long-term regulatory assets ............... 124,975 3,519 70,723 10,194 - 209,411
----------- -------- ----------- --------- ----------- -----------
TOTAL ASSETS .............................. 1,464,930 60,256 639,139 314,292 3,882,519 6,361,136
=========== ======== =========== ========= =========== ===========
</TABLE>
<PAGE> 10
F-1 (4 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 Page 4
CS CIC CES(a) CPC CPI Total
-------- ------ --------- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant,
at original cost ....................... 48,725 - 2,150 13,706 40,969 105,550
Accumulated depreciation and depletion ... (25,980) - (591) (5,996) (16,736) (49,303)
-------- ------ --------- -------- -------- ---------
Net Gas Utility and Other Plant .......... 22,745 - 1,559 7,710 24,233 56,247
-------- ------ --------- -------- -------- ---------
Gas and oil producing properties,
full cost method ...................... - - - - - -
Accumulated depletion .................... - - - - - -
-------- ------ --------- -------- -------- ---------
Net Gas and Oil Producing Properties ..... - - - - - -
-------- ------ --------- -------- -------- ---------
Net Property, Plant, and Equipment ......... 22,745 - 1,559 7,710 24,233 56,247
-------- ------ --------- -------- -------- ---------
Investments and Other Assets
Accounts receivable - noncurrent ......... - - - - - -
Unconsolidated affiliates ................ - - - - 1,476 1,476
Assets held for sale ..................... - - - - - -
Other .................................... - - - - 250 250
-------- ------ --------- -------- -------- ---------
Total Investments and Other Assets ......... - - - - 1,726 1,726
-------- ------ --------- -------- -------- ---------
Investments in Subsidiaries
Capital stock ............................ - - - - - -
Equity in undistributed earnings of
subsidiaries ............................ - - - - - -
Notes receivable ......................... - - - - - -
Other investments ........................ - - - - - -
Other receivables - TCO .................. - - - - - -
-------- ------ --------- -------- -------- ---------
Total Investments in Subsidiaries .......... - - - - - -
-------- ------ --------- -------- -------- ---------
Current Assets
Cash and temporary cash investments ...... 11,260 5,547 287 121 1,738 18,953
Accounts receivable, net
Customers .............................. - - 157,104 2,115 10,176 169,395
Intercompany ........................... 9,793 - 26,741 104 551 37,189
Other .................................. (138) 7 492 42 2,838 3,241
Income tax refunds ....................... - - - - - -
Gas inventory ............................ - - - - - -
Other inventories, at average cost ....... - - - 850 5,958 6,808
Prepayments .............................. 61 33 19,013 28 132 19,267
Regulatory assets ........................ - - - - - -
Underrecovered gas costs ................. - - - - - -
Prepaid property tax ..................... - - - - - -
Exchange gas receivable .................. - - - - -
Other .................................... 1,876 - 373 251 1,667 4,167
-------- ------ --------- -------- -------- ---------
Total Current Assets ....................... 22,852 5,587 204,010 3,511 23,060 259,020
-------- ------ --------- -------- -------- ---------
Deferred Charges ........................... 23,525 133 175 789 1,059 25,681
Long-term regulatory assets ................ - - - - - -
-------- ------ --------- -------- -------- ---------
TOTAL ASSETS ............................... 69,122 5,720 205,744 12,010 50,078 342,674
======== ====== ========= ======== ======== =========
</TABLE>
(a) CES includes two subsidiaries as noted in Item 1. Consolidating financial
statements of CES are presented herewith in Item 10, Exhibits F-1D through F-6D.
<PAGE> 11
F-1 (5 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 Page 5
TVC (a) TCC (a) CAT CNS (a) Total
------- ------- ------- ------- ----------
<S> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant,
at original cost ..................... - - - 230 230
Accumulated depreciation and depletion .. - - - (2) (2)
------- ------- ------- ------- --------
Net Gas Utility and Other Plant ......... - - - 228 228
------- ------- ------- ------- --------
Gas and oil producing properties,
full cost method ...................... - - - - -
Accumulated depletion ................... - - - - -
------- ------- ------- ------- --------
Net Gas and Oil Producing Properties .... - - - - -
------- ------- ------- ------- --------
Net Property, Plant, and Equipment ........ - - - 228 228
------- ------- ------- ------- --------
Investments and Other Assets
Accounts receivable - noncurrent ........ - - - - -
Unconsolidated affiliates ............... 29,100 1,477 - - 30,577
Assets held for sale .................... - - - - -
Other ................................... - - - - -
------- ------- ------- ------- --------
Total Investments and Other Assets ........ 29,100 1,477 - - 30,577
------- ------- ------- ------- --------
Investments in Subsidiaries
Capital stock ........................... - - - - -
Equity in undistributed earnings of
subsidiaries ........................... - - - - -
Notes receivable ........................ - - - - -
Other investments ....................... - - - - -
Other receivables - TCO ................. - - - - -
------- ------- ------- ------- --------
Total Investments in Subsidiaries ......... - - - - -
------- ------- ------- ------- --------
Current Assets
Cash and temporary cash investments ..... 1,371 7 45 342 1,765
Accounts receivable, net
Customers ............................. - - - - -
Intercompany .......................... 18,080 101 611 - 18,792
Other ................................. 921 - 2 28 951
Income tax refunds ...................... - - - - -
Gas inventory ........................... - - - - -
Other inventories, at average cost ...... - - - - -
Prepayments ............................. 31 - - - 31
Regulatory assets ....................... - - - - -
Underrecovered gas costs ................ - - - - -
Prepaid property tax .................... - - - - -
Exchange gas receivable ................. - - - - -
Other ................................... 151 - 2 28 181
------- ------- ------- ------- --------
Total Current Assets ...................... 20,554 108 660 398 21,720
------- ------- ------- ------- --------
Deferred Charges .......................... 567 20 3 4 594
Long-term regulatory assets ............... - - - - -
------- ------- ------- ------- --------
TOTAL ASSETS .............................. 50,221 1,605 663 630 53,119
======= ======= ======= ======= ========
</TABLE>
(a) TVC includes twelve subsidiaries and both TCC and CNS include one subsidiary
as noted in Item 1. Consolidating financial statements of TVC, TCC and CNS are
presented herewith in Item 10, Exhibits F-1A through F-6A, F-1B through F-6B and
F-1E through F-6E, respectively.
<PAGE> 12
F-1 (6 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 F-1 F-1 F-1 Consolidating
CAPITALIZATION AND LIABILITIES Page 7 Page 8 Page 9 Page 10 Combined Entries Consolidated
---------- ---------- ------- ------- ----------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. -
common stock, $10 par value
(55,263,659 shares outstanding) .... - 552,636 - - 552,636 - 552,636
Subsidiaries - common stock .......... 459,850 264,765 23,217 16,975 764,807 (764,807) -
Additional paid in capital ........... 1,575,709 746,186 29,554 45,360 2,396,809 (1,653,592) 743,217
Retained earnings .................... (721,993) 728,224 18,746 (17,925) 7,052 252,205 259,257
Unearned employee compensation ....... - (1,459) - - (1,459) - (1,459)
---------- ---------- ------- ------- ----------- ---------- ----------
Total common stock equity .............. 1,313,566 2,290,352 71,517 44,410 3,719,845 (2,166,194) 1,553,651
---------- ---------- ------- ------- ----------- ---------- ----------
Preferred stock ........................ - - - - - - -
Long-term debt ......................... 837 2,002,923 - - 2,003,760 - 2,003,760
Installment promissory notes payable ... 792,005 587,906 30,431 - 1,410,342 (1,410,342) -
Other intercompany notes and loans ..... - - - - - - -
---------- ---------- ------- ------- ----------- ---------- ----------
Total Capitalization ..................... 2,106,408 4,881,181 101,948 44,410 7,133,947 (3,576,536) 3,557,411
---------- ---------- ------- ------- ----------- ---------- ----------
Current Liabilities
Short-term debt ........................ - 250,000 - - 250,000 - 250,000
Debt obligations ....................... 65 370 415 - 850 - 850
Accounts and drafts payable ............ 43,593 155,461 148,686 839 348,579 - 348,579
Intercompany notes and loans -
current maturities ................... 13,753 - - - 13,753 (13,753) -
Intercompany short-term loans .......... 7,143 287,927 799 - 295,869 (295,869) -
Intercompany accounts payable .......... 41,627 86,207 39,585 122 167,541 (167,541) -
Accrued taxes .......................... 87,400 99,461 1,350 1,452 189,663 (47,043) 142,620
Accrued interest ....................... 4,037 27,159 103 407 31,706 (16,862) 14,844
Estimated rate refunds ................. 95,902 18,055 - - 113,957 - 113,957
Estimated supplier obligations ......... 115,076 - - - 115,076 - 115,076
Overrecovered gas costs ................ - - - - - - -
Transportation and
exchange gas payable ................. - - - - - - -
Deferred income taxes .................. 6,219 36,788 - - 43,007 (43,007) -
Regulatory liabilities ................. 8,955 - - - 8,955 - 8,955
Other .................................. 261,330 182,753 22,710 1,140 467,933 (11,185) 456,748
---------- ---------- ------- ------- ----------- ---------- ----------
Total Current Liabilities ................ 685,100 1,144,181 213,648 3,960 2,046,889 (595,260) 1,451,629
---------- ---------- ------- ------- ----------- ---------- ----------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ............... 392,457 158,732 5,807 4,594 561,590 (3,912) 557,678
Investment tax credits ................. 3,332 33,776 - - 37,108 - 37,108
Postretirement benefits other
than pensions ........................ 64,978 91,321 15,902 111 172,312 - 172,312
Long-term regulatory liabilities ....... 23,472 21,050 - - 44,522 - 44,522
Other .................................. 146,427 30,895 5,369 44 182,735 1,233 183,968
---------- ---------- ------- ------- ----------- ---------- ----------
Total Other Liabilities and
Deferred Credits ....................... 630,666 335,774 27,078 4,749 998,267 (2,679) 995,588
---------- ---------- ------- ------- ----------- ---------- ----------
TOTAL CAPITALIZATION AND LIABILITIES ..... 3,422,174 6,361,136 342,674 53,119 10,179,103 (4,174,475) 6,004,628
========== ========== ======= ======= =========== ========== ==========
</TABLE>
<PAGE> 13
F-1 (7 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 Page 7
CNR TCO CGT CLG(a) CKY Total
-------- ---------- ------- -------- -------- ----------
CAPITALIZATION AND LIABILITIES
<S> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) ....... - - - - - -
Subsidiaries - common stock .......................... 134,476 241,784 59,780 4 23,806 459,850
Additional paid in capital ........................... 141,993 1,270,289 22,669 140,584 174 1,575,709
Retained earnings .................................... (48,945) (609,704) 21,276 (124,947) 40,327 (721,993)
Unearned employee compensation ....................... - - - - - -
-------- ---------- ------- -------- -------- ----------
Total common stock equity .............................. 227,524 902,369 103,725 15,641 64,307 1,313,566
-------- ---------- ------- -------- -------- ----------
Preferred stock ........................................ - - - - - -
Long-term debt ......................................... - 587 - - 250 837
Installment promissory notes payable ................... 39,850 643,000 59,630 - 49,525 792,005
Other intercompany notes and loans ..................... - - - - - -
-------- ---------- ------- -------- -------- ----------
Total Capitalization ..................................... 267,374 1,545,956 163,355 15,641 114,082 2,106,408
-------- ---------- ------- -------- -------- ----------
Current Liabilities
Short-term debt ........................................ - - - - - -
Debt obligations ....................................... - 29 - - 36 65
Accounts and drafts payable ............................ 3,459 16,841 8,137 - 15,156 43,593
Intercompany notes and loans - current maturities ...... - - 8,784 - 4,969 13,753
Intercompany short-term loans .......................... - - - - 7,143 7,143
Intercompany accounts payable .......................... 2,377 14,654 16,446 106 8,044 41,627
Accrued taxes .......................................... 13,121 64,824 8,735 896 (176) 87,400
Accrued Interest ....................................... 1,625 1,619 89 100 604 4,037
Estimated rate refunds ................................. - 90,865 4,666 - 371 95,902
Estimated supplier obligations ......................... - 115,076 - - - 115,076
Overrecovered gas costs ................................ - - - - - -
Transportation and exchange gas payable ................ - - - - - -
Deferred income taxes .................................. - - - - 6,219 6,219
Regulatory liabilities ................................. - 7,440 1,515 - - 8,955
Other .................................................. 9,858 204,638 34,580 554 11,700 261,330
-------- ---------- ------- -------- -------- ----------
Total Current Liabilities ................................ 30,440 515,986 82,952 1,656 54,066 685,100
-------- ---------- ------- -------- -------- ----------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ............................... 118,247 230,503 40,417 - 3,290 392,457
Investment tax credits ................................. - 1,113 273 - 1,946 3,332
Postretirement benefits other than pensions ............ 6,129 47,926 4,412 1,302 5,209 64,978
Long-term regulatory liabilities ....................... - 19,211 153 - 4,108 23,472
Other .................................................. 1,360 135,307 3,860 31 5,869 146,427
-------- ---------- ------- -------- -------- ----------
Total Other Liabilities and Deferred Credits ............. 125,736 434,060 49,115 1,333 20,422 630,666
-------- ---------- ------- -------- -------- ----------
TOTAL CAPITALIZATION AND LIABILITIES ..................... 423,550 2,496,002 295,422 18,630 188,570 3,422,174
======== ========== ======= ======== ======== ==========
</TABLE>
(a) CLG includes one subsidiary as noted in Item 1. Consolidating financial
statements of CLG are presented herewith in Item 10, Exhibits F-1C through F-6C.
<PAGE> 14
F-1 (8 of 10)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-1 Page 8
COH CMD CPA COS CG Total
--------- ------- ------- -------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) ........ - - - - 552,636 552,636
Subsidiaries - common stock ........................... 119,240 10,092 85,128 50,305 - 264,765
Additional paid in capital ............................ - - - 2,969 743,217 746,186
Retained earnings ..................................... 271,329 11,808 124,437 61,393 259,257 728,224
Unearned employee compensation ........................ - - - - (1,459) (1,459)
--------- ------- ------- -------- ---------- ----------
Total common stock equity ............................... 390,569 21,900 209,565 114,667 1,553,651 2,290,352
--------- ------- ------- -------- ---------- ----------
Preferred stock ......................................... - - - - - -
Long-term debt .......................................... 1,107 57 428 1,275 2,000,056 2,002,923
Installment promissory notes payable .................... 319,959 17,819 148,451 101,677 - 587,906
Other intercompany notes and loans ...................... - - - - - -
--------- ------- ------- -------- ---------- ----------
Total Capitalization ...................................... 711,635 39,776 358,444 217,619 3,553,707 4,881,181
--------- ------- ------- -------- ---------- ----------
Current Liabilities
Short-term debt ......................................... - - - - 250,000 250,000
Debt obligations ........................................ 80 15 30 245 - 370
Accounts and drafts payable ............................. 95,037 3,080 38,905 16,414 2,025 155,461
Intercompany notes and loans - current maturities ....... - - - - - -
Intercompany short-term loans ........................... 204,837 2,651 52,656 27,783 - 287,927
Intercompany accounts payable ........................... 46,492 4,464 25,549 8,972 730 86,207
Accrued taxes ........................................... 73,161 (909) 7,228 (2,086) 22,067 99,461
Accrued Interest ........................................ 2,446 11 1,055 248 23,399 27,159
Estimated rate refunds .................................. 12,781 380 4,276 618 - 18,055
Estimated supplier obligations .......................... - - - - - -
Overrecovered gas costs ................................. - - - - - -
Transportation and exchange gas payable ................. - - - - - -
Deferred income taxes ................................... 23,475 - 8,723 4,590 - 36,788
Regulatory liabilities .................................. - - - - - -
Other ................................................... 116,187 3,345 36,195 11,861 15,165 182,753
--------- ------- ------- -------- ---------- ----------
Total Current Liabilities ................................. 574,496 13,037 174,617 68,645 313,386 1,144,181
--------- ------- ------- -------- ---------- ----------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ................................ 74,469 2,159 64,623 14,167 3,314 158,732
Investment tax credits .................................. 20,005 1,060 9,747 2,964 - 33,776
Postretirement benefits other than pensions ............. 58,143 1,783 19,201 4,063 8,131 91,321
Long-term regulatory liabilities ........................ 10,772 1,825 6,913 1,540 - 21,050
Other ................................................... 15,410 616 5,594 5,294 3,981 30,895
--------- ------- ------- -------- ---------- ----------
Total Other Liabilities and Deferred Credits .............. 178,799 7,443 106,078 28,028 15,426 335,774
--------- ------- ------- -------- ---------- ----------
TOTAL CAPITALIZATION AND LIABILITIES ...................... 1,464,930 60,256 639,139 314,292 3,882,519 6,361,136
========= ======= ======= ======== ========== ==========
</TABLE>
<PAGE> 15
F-1 (9 of 10)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-1 Page 9
CS CIC CES(a) CPC CPI Total
-------- -------- -------- -------- -------- ---------
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) ............. - - - - - -
Subsidiaries - common stock ................................ 13,000 120 4,197 3,900 2,000 23,217
Additional paid in capital ................................. - 880 26,336 1,940 398 29,554
Retained earnings .......................................... 173 89 10,794 (1,356) 9,046 18,746
Unearned employee compensation ............................. - - - - - -
-------- -------- -------- -------- -------- --------
Total common stock equity .................................... 13,173 1,089 41,327 4,484 11,444 71,517
-------- -------- -------- -------- -------- --------
Preferred stock .............................................. - - - - - -
Long-term debt ............................................... - - - - - -
Installment promissory notes payable ......................... 16,043 - - 2,008 12,380 30,431
Other intercompany notes and loans ........................... - - - - - -
-------- -------- -------- -------- -------- --------
Total Capitalization ........................................... 29,216 1,089 41,327 6,492 23,824 101,948
-------- -------- -------- -------- -------- --------
Current Liabilities
Short-term debt .............................................. - - - - - -
Debt obligations ............................................. - - - - 415 415
Accounts and drafts payable .................................. 11,395 23 124,859 680 11,729 148,686
Intercompany notes and loans - current maturities ............ - - - - - -
Intercompany short-term loans ................................ - - - 774 25 799
Intercompany accounts payable ................................ 4,157 6 34,500 341 581 39,585
Accrued taxes ................................................ 41 181 985 419 (276) 1,350
Accrued interest ............................................. 69 - 8 26 - 103
Estimated rate refunds ....................................... - - - - - -
Estimated supplier obligations ............................... - - - - - -
Overrecovered gas costs ...................................... - - - - - -
Transportation and exchange gas payable ...................... - - - - - -
Deferred income taxes ........................................ - - - - - -
Regulatory liabilities ....................................... - - - - - -
Other ........................................................ 13,650 2,299 2,266 208 4,287 22,710
-------- -------- -------- -------- -------- --------
Total Current Liabilities ...................................... 29,312 2,509 162,618 2,448 16,761 213,648
-------- -------- -------- -------- -------- --------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ..................................... 93 - 875 1,827 3,012 5,807
Investment tax credits ....................................... - - - - - -
Postretirement benefits other than pensions .................. 8,655 - 104 1,135 6,008 15,902
Long-term regulatory liabilities ............................. - - - - - -
Other ........................................................ 1,846 2,122 820 108 473 5,369
-------- -------- -------- -------- -------- --------
Total Other Liabilities and Deferred Credits ................... 10,594 2,122 1,799 3,070 9,493 27,078
-------- -------- -------- -------- -------- --------
TOTAL CAPITALIZATION AND LIABILITIES ........................... 69,122 5,720 205,744 12,010 50,078 342,674
======== ======== ======== ======== ======== ========
</TABLE>
(a) CES includes two subsidiaries as noted in Item 1. Consolidating financial
statements of CES are presented herewith in Item 10, Exhibits F-1D through F-6D
<PAGE> 16
F-1 (10 of 10)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet as of December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-1 Page 10
TVC (a) TCC (a) CAT CNS (a) Total
-------- ------- ------- ------- -----------
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) .............. - - - - -
Subsidiaries - common stock ................................. 15,293 1,000 82 600 16,975
Additional paid in capital .................................. 42,802 1,075 1,483 - 45,360
Retained earnings ........................................... (16,542) (428) (908) (47) (17,925)
Unearned employee compensation .............................. - - - - -
-------- ------- ------- ------- ---------
Total common stock equity ..................................... 41,553 1,647 657 553 44,410
-------- ------- ------- ------- ---------
Preferred stock ............................................... - - - - -
Long-term debt ................................................ - - - - -
Installment promissory notes payable .......................... - - - - -
Other intercompany notes and loans ............................ - - - - -
-------- ------- ------- ------- ---------
Total Capitalization ............................................ 41,553 1,647 657 553 44,410
-------- ------- ------- ------- ---------
Current Liabilities
Short-term debt ............................................... - - - - -
Debt obligations .............................................. - - - - -
Accounts and drafts payable ................................... 814 - - 25 839
Intercompany notes and loans - current maturities ............. - - - - -
Intercompany short-term loans ................................. - - - - -
Intercompany accounts payable ................................. 86 1 - 35 122
Accrued taxes ................................................. 1,493 (43) 1 1 1,452
Accrued interest .............................................. 402 - 5 - 407
Estimated rate refunds ........................................ - - - - -
Estimated supplier obligations ................................ - - - - -
Overrecovered gas costs ....................................... - - - - -
Transportation and exchange gas payable ....................... - - - - -
Deferred income taxes ......................................... - - - - -
Regulatory liabilities ........................................ - - - - -
Other ......................................................... 1,132 - - 8 1,140
-------- ------- ------- ------- ---------
Total Current Liabilities ....................................... 3,927 (42) 6 69 3,960
-------- ------- ------- ------- ---------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ...................................... 4,594 - - - 4,594
Investment tax credits ........................................ - - - - -
Postretirement benefits other than pensions ................... 111 - - - 111
Long-term regulatory liabilities .............................. - - - - -
Other ......................................................... 36 - - 8 44
-------- ------- ------- ------- ---------
Total Other Liabilities and Deferred Credits .................... 4,741 - - 8 4,749
-------- ------- ------- ------- ---------
TOTAL CAPITALIZATION AND LIABILITIES ............................ 50,221 1,605 663 630 53,119
======== ======= ======= ======= =========
</TABLE>
(a) TVC includes twelve subsidiaries and both TCC and CNS include one
subsidiary as noted in Item 1. Consolidating financial statements of TVC, TCC
and CNS are presented herewith in Item 10, Exhibits F-1A through F-6A, F-1B
through F-6B and F-1E through F-6E, respectively.
<PAGE> 17
F-1A (1 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1A F-1A Consolidating TVC
Page 2 Page 3 Combined Entries Consolidated
------ ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
------ ------ ------ ------- ------
Net Gas Utility and Other Plant ................... - - - - -
------ ------ ------ ------- ------
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
------ ------ ------ ------- ------
Net Gas and Oil Producing Properties .............. - - - - -
------ ------ ------ ------- ------
Net Property, Plant, and Equipment .................. - - - - -
------ ------ ------ ------- ------
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... 16,250 12,850 29,100 - 29,100
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
------ ------ ------ ------- ------
Total Investments and Other Assets .................. 16,250 12,850 29,100 - 29,100
Investments in Subsidiaries
Capital stock ..................................... 18,680 - 18,680 (18,680) -
Equity in undistributed earnings of
subsidiaries ..................................... 4,989 - 4,989 (4,989) -
Notes receivable .................................. 804 - 804 (804) -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
------ ------ ------ ------- ------
Total Investments in Subsidiaries ................... 24,473 - 24,473 (24,473) -
------ ------ ------ ------- ------
Current Assets
Cash and temporary cash investments ............... 1,331 40 1,371 - 1,371
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... 17,154 926 18,080 - 18,080
Other ........................................... 907 14 921 - 921
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... 31 - 31 - 31
Other ............................................. 114 37 151 - 151
------ ------ ------ ------- ------
Total Current Assets ................................ 19,537 1,017 20,554 - 20,554
------ ------ ------ ------- ------
Deferred Charges .................................... 567 - 567 - 567
------ ------ ------ ------- ------
TOTAL ASSETS ........................................ 60,827 13,867 74,694 (24,473) 50,221
====== ====== ====== ======= ======
</TABLE>
<PAGE> 18
F-1A (2 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1A Page 2
BGC BLC GGC GLC PGC PLC TVC Total
----- ----- ---- ---- ------ ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... - - - - - - - -
Accumulated depreciation and depletion ........... - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Net Gas Utility and Other Plant .................. - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Gas and oil producing properties, full cost method - - - - - - - -
Accumulated depletion ............................ - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Net Gas and Oil Producing Properties ............. - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Net Property, Plant, and Equipment ................. - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Investments and Other Assets
Accounts receivable - noncurrent ................. - - - - - - - -
Unconsolidated affiliates ........................ 1,772 4,133 - - 3,104 7,241 - 16,250
Assets held for sale ............................. - - - - - - - -
Other ............................................ - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Total Investments and Other Assets ................. 1,772 4,133 - - 3,104 7,241 - 16,250
----- ----- ---- ---- ------ ------ ------ ------
Investments in Subsidiaries
Capital stock .................................... - - - - - - 18,680 18,680
Equity in undistributed earnings of
subsidiaries .................................... - - - - - - 4,989 4,989
Notes receivable ................................. - - - - - - 804 804
Other investments ................................ - - - - - - - -
Other receivables - TCO .......................... - - - - - - - -
----- ----- ---- ---- ------ ------ ------ ------
Total Investments in Subsidiaries .................. - - - - - - 24,473 24,473
----- ----- ---- ---- ------ ------ ------ ------
Current Assets
Cash and temporary cash investments .............. 1 5 - - 1 4 1,320 1,331
Accounts receivable, net
Customers ...................................... - - - - - - - -
Intercompany ................................... 25 69 - - 319 793 15,948 17,154
Other .......................................... 2 3 - - 2 5 895 907
Income tax refund ................................ - - - - - - - -
Gas inventory .................................... - - - - - - - -
Other inventories, at average cost ............... - - - - - - - -
Prepayments ...................................... - - - - - - 31 31
Other ............................................ - - - - (1) (1) 116 114
----- ----- ---- ---- ------ ------ ------ ------
Total Current Assets ............................... 28 77 - - 321 801 18,310 19,537
----- ----- ---- ---- ------ ------ ------ ------
Deferred Charges ................................... - - - - - - 567 567
----- ----- ---- ---- ------ ------ ------ ------
TOTAL ASSETS ....................................... 1,800 4,210 - - 3,425 8,042 43,350 60,827
===== ===== ==== ==== ====== ====== ====== ======
</TABLE>
<PAGE> 19
F-1A (3 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1A Page 3
VGC VLC RL FC TVC9 TVC10 Total
--- ------ ----- ---- ---- ---- ------
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - - - -
Accumulated depreciation and depletion ............ - - - - - - -
--- ------ ----- ---- ---- ---- ------
Net Gas Utility and Other Plant ................... - - - - - - -
--- ------ ----- ---- ---- ---- ------
Gas and oil producing properties, full cost method - - - - - - -
Accumulated depletion ............................. - - - - - - -
--- ------ ----- ---- ---- ---- ------
Net Gas and Oil Producing Properties .............. - - - - - - -
--- ------ ----- ---- ---- ---- ------
Net Property, Plant, and Equipment .................. - - - - - - -
--- ------ ----- ---- ---- ---- ------
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - - - -
Unconsolidated affiliates ......................... 645 5,803 6,402 - - - 12,850
Assets held for sale .............................. - - - - - - -
Other ............................................. - - - - - - -
--- ------ ----- ---- ---- ---- ------
Total Investments and Other Assets .................. 645 5,803 6,402 - - - 12,850
--- ------ ----- ---- ---- ---- ------
Investments in Subsidiaries
Capital stock ..................................... - - - - - - -
Equity in undistributed earnings of
subsidiaries ..................................... - - - - - - -
Notes receivable .................................. - - - - - - -
Other investments ................................. - - - - - - -
Other receivables - TCO ........................... - - - - - - -
--- ------ ----- ---- ---- ---- ------
Total Investments in Subsidiaries ................... - - - - - - -
--- ------ ----- ---- ---- ---- ------
Current Assets
Cash and temporary cash investments ............... - 4 36 - - - 40
Accounts receivable, net
Customers ....................................... - - - - - - -
Intercompany .................................... 59 343 524 - - - 926
Other ........................................... 1 10 3 - - - 14
Income tax refunds ................................ - - - - - - -
Gas inventory ..................................... - - - - - - -
Other inventories, at average cost ................ - - - - - - -
Prepayments ....................................... - - - - - - -
Other ............................................. - (4) 41 - - - 37
--- ------ ----- ---- ---- ---- ------
Total Current Assets ................................ 60 353 604 - - - 1,017
--- ------ ----- ---- ---- ---- ------
Deferred Charges .................................... - - - - - - -
--- ------ ----- ---- ---- ---- ------
TOTAL ASSETS ........................................ 705 6,156 7,006 - - - 13,867
=== ====== ===== ==== ==== ==== ======
</TABLE>
<PAGE> 20
F-1A (4 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1A F-1A Consolidating TVC
CAPITALIZATION AND LIABILITIES Page 5 Page 6 Combined Entries Consolidated
------- ------ -------- ------- -----------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... 15,460 203 15,663 (370) 15,293
Additional paid in capital .................... 53,499 7,613 61,112 (18,310) 42,802
Retained earnings ............................. (12,586) 1,033 (11,553) (4,989) (16,542)
Unearned employee compensation ................ - - - - -
------- ------ ------- ------- -------
Total common stock equity ....................... 56,373 8,849 65,222 (23,669) 41,553
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. - - - - -
------- ------ ------- ------- -------
Total Capitalization .............................. 56,373 8,849 65,222 (23,669) 41,553
------- ------ ------- ------- -------
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... 814 - 814 - 814
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... - 804 804 (804) -
Intercompany accounts payable ................... 86 - 86 - 86
Accrued taxes ................................... 1,432 61 1,493 - 1,493
Accrued interest ................................ 279 123 402 - 402
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Other ........................................... 1,132 - 1,132 - 1,132
------- ------ ------- ------- -------
Total Current Liabilities ......................... 3,743 988 4,731 (804) 3,927
------- ------ ------- ------- -------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ 564 4,030 4,594 - 4,594
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... 111 - 111 - 111
Other ........................................... 36 - 36 - 36
------- ------ ------- ------- -------
Total Other Liabilities and Deferred Credits ...... 711 4,030 4,741 - 4,741
------- ------ ------- ------- -------
TOTAL CAPITALIZATION AND LIABILITIES .............. 60,827 13,867 74,694 (24,473) 50,221
======= ====== ======= ======= =======
</TABLE>
<PAGE> 21
F-1A (5 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1A Page 5
CAPITALIZATION AND LIABILITIES BGC BLC GGC GLC PGC PLC TVC Total
------ ------ ---- ------ ------ ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - - - - -
Subsidiaries - common stock ................... 3 3 10 75 75 1 15,293 15,460
Additional paid in capital .................... 1,747 3,998 97 4,855 - -- 42,802 53,499
Retained earnings ............................. (82) (264) (107) (4,930) 2,700 6,639 (16,542) (12,586)
Unearned employee compensation ................ - - - - - - - -
------ ------ ---- ------ ------ ------- ------- -------
Total common stock equity ....................... 1,668 3,737 - - 2,775 6,640 41,553 56,373
Long-term debt .................................. - - - - - - - -
Installment promissory notes payable ............ - - - - - - - -
Other intercompany notes and loans .............. - - - - - - - -
------ ------ ---- ------ ------ ------- ------- -------
Total Capitalization .............................. 1,668 3,737 - - 2,775 6,640 41,553 56,373
------ ------ ---- ------ ------ ------- ------- -------
Current Liabilities
Debt obligations ................................ - - - - - - - -
Accounts and drafts payable ..................... - - - - - - 814 814
Intercompany notes and loans - current maturities - - - - - - - -
Intercompany short-term loans ................... - - - - - - - -
Intercompany accounts payable ................... - - - - - - 86 86
Accrued taxes ................................... (24) (56) - - (35) (87) 1,634 1,432
Accrued interest ................................ - - - - - - 279 279
Estimated rate refunds .......................... - - - - - - - -
Estimated supplier obligations .................. - - - - - - - -
Transportation and exchange gas payable ......... - - - - - - - -
Deferred income taxes ........................... - - - - - - - -
Other ........................................... - - - - - - 1,132 1,132
------ ------ ---- ------ ------ ------- ------- -------
Total Current Liabilities ......................... (24) (56) - - (35) (87) 3,945 3,743
------ ------ ---- ------ ------ ------- ------- -------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ 156 529 - - 685 1,489 (2,295) 564
Investment tax credits .......................... - - - - - - - -
Postretirement benefits other than pensions ..... - - - - - - 111 111
Other ........................................... - - - - - - 36 36
------ ------ ---- ------ ------ ------- ------- -------
Total Other Liabilities and Deferred Credits ...... 156 529 - - 685 1,489 (2,148) 711
------ ------ ---- ------ ------ ------- ------- -------
TOTAL CAPITALIZATION AND LIABILITIES .............. 1,800 4,210 - - 3,425 8,042 43,350 60,827
====== ====== ==== ====== ====== ======= ======= =======
</TABLE>
<PAGE> 22
F-1A (6 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1A Page 6
CAPITALIZATION AND LIABILITIES VGC VLC RL FC TVC9 TVC10 Total
---- ------ ----- ---- ---- ---- ------
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - - - -
Subsidiaries - common stock ................... 68 60 - 75 - - 203
Additional paid in capital .................... 725 6,001 - 887 - - 7,613
Retained earnings ............................. (103) (31) 2,129 (962) - - 1,033
Unearned employee compensation ................ - - - - - - -
---- ------ ----- ---- ---- ---- ------
Total common stock equity ....................... 690 6,030 2,129 - - - 8,849
Long-term debt .................................. - - - - - - -
Installment promissory notes payable ............ - - - - - - -
Other intercompany notes and loans .............. - - - - - - -
---- ------ ----- ---- ---- ---- ------
Total Capitalization .............................. 690 6,030 2,129 - - - 8,849
---- ------ ----- ---- ---- ---- ------
Current Liabilities
Debt obligations ................................ - - - - - - -
Accounts and drafts payable ..................... - - - - - - -
Intercompany notes and loans - current maturities - - - - - - -
Intercompany short-term loans ................... - - 804 - - - 804
Intercompany accounts payable ................... - - - - - - -
Accrued taxes ................................... (23) (211) 295 - - - 61
Accrued interest ................................ - - 123 - - - 123
Estimated rate refunds .......................... - - - - - - -
Estimated supplier obligations .................. - - - - - - -
Transportation and exchange gas payable ......... - - - - - - -
Deferred income taxes ........................... - - - - - - -
Other ........................................... - - - - - - -
---- ------ ----- ---- ---- ---- ------
Total Current Liabilities ......................... (23) (211) 1,222 - - - 988
---- ------ ----- ---- ---- ---- ------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ 38 337 3,655 - - - 4,030
Investment tax credits .......................... - - - - - - -
Postretirement benefits other than pensions ..... - - - - - - -
Other ........................................... - - - - - - -
---- ------ ----- ---- ---- ---- ------
Total Other Liabilities and Deferred Credits ...... 38 337 3,655 - - - 4,030
---- ------ ----- ---- ---- ---- ------
TOTAL CAPITALIZATION AND LIABILITIES .............. 705 6,156 7,006 - - - 13,867
==== ====== ===== ==== ==== ==== ======
</TABLE>
<PAGE> 23
F-1B (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating TCC
ASSETS TGT TCC Combined Entries Consolidated
----- ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
----- ------ ------ ------ -----
Net Gas Utility and Other Plant ................... - - - - -
----- ------ ------ ------ -----
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
----- ------ ------ ------ -----
Net Gas and Oil Producing Properties .............. - - - - -
----- ------ ------ ------ -----
Net Property, Plant, and Equipment .................. - - - - -
----- ------ ------ ------ -----
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... 1,477 - 1,477 - 1,477
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
----- ------ ------ ------ -----
Total Investments and Other Assets .................. 1,477 - 1,477 - 1,477
----- ------ ------ ------ -----
Investments in Subsidiaries
Capital stock ..................................... - 2,000 2,000 (2,000) -
Equity in undistributed earnings of
subsidiaries ..................................... - (412) (412) 412 -
Notes receivable .................................. - (50) (50) 50 -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
----- ------ ------ ------ -----
Total Investments in Subsidiaries ................... - 1,538 1,538 (1,538) -
----- ------ ------ ------ -----
Current Assets
Cash and temporary cash investments ............... - 7 7 - 7
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... - 101 101 - 101
Other ........................................... - - - - -
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... - - - - -
Regulatory assets ................................. - - - - -
Other ............................................. - - - - -
----- ------ ------ ------ -----
Total Current Assets ................................ - 108 108 - 108
----- ------ ------ ------ -----
Deferred Charges .................................... 20 - 20 - 20
-----
Long-term Regulatory Assets ......................... - - - - -
----- ------ ------ ------ -----
TOTAL ASSETS ........................................ 1,497 1,646 3,143 (1,538) 1,605
===== ====== ====== ====== =====
</TABLE>
<PAGE> 24
F-1B (2 of 2)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
Consoli-
dating TCC
CAPITALIZATION AND LIABILITIES TGT TCC Combined Entries Consolidated
------ ------ -------- ------ -----------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... 1,000 1,000 2,000 (1,000) 1,000
Additional paid in capital .................... 1,000 1,075 2,075 (1,000) 1,075
Retained earnings ............................. (412) (428) (840) 412 (428)
Unearned employee compensation ................ - - - - -
------ ------ ------ ------ ------
Total common stock equity ....................... 1,588 1,647 3,235 (1,588) 1,647
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. (52) - (52) 52 -
------ ------ ------ ------ ------
Total Capitalization .............................. 1,536 1,647 3,183 (1,536) 1,647
------ ------ ------ ------ ------
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... - - - - -
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... - - - - -
Intercompany accounts payable ................... 2 1 3 (2) 1
Accrued taxes ................................... (41) (2) (43) - (43)
Accrued interest ................................ - - - - -
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Regulatory liabilities .......................... - - - - -
Other ........................................... - - - - -
------ ------ ------ ------ ------
Total Current Liabilities ......................... (39) (1) (40) (2) (42)
------ ------ ------ ------ ------
Other Liabilities and Deferred Credits
Deferred income taxes- Noncurrent ............... - - - - -
Income taxes, noncurrent ........................ - - - - -
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... - - - - -
Long-term regulatory liabilities ................ - - - - -
Other ........................................... - - - - -
------ ------ ------ ------ ------
Total Other Liabilities and Deferred Credits ...... - - - - -
------ ------ ------ ------ ------
TOTAL CAPITALIZATION AND LIABILITIES .............. 1,497 1,646 3,143 (1,538) 1,605
====== ====== ====== ====== ======
</TABLE>
<PAGE> 25
F-1C (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CLG
ASSETS CLNG CLG Combined Entries Consolidated
---- ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
---- ------ ------ ---- ------
Net Gas Utility and Other Plant ................... - - - - -
---- ------ ------ ---- ------
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
---- ------ ------ ---- ------
Net Gas and Oil Producing Properties .............. - - - - -
---- ------ ------ ---- ------
Net Property, Plant, and Equipment .................. - - - - -
---- ------ ------ ---- ------
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... 134 12,744 12,878 (171) 12,707
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
---- ------ ------ ---- ------
Total Investments and Other Assets .................. 134 12,744 12,878 (171) 12,707
---- ------ ------ ---- ------
Investments in Subsidiaries
Capital stock ..................................... - - - - -
Equity in undistributed earnings of
subsidiaries ..................................... - - - - -
Notes receivable .................................. - - - - -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
---- ------ ------ ---- ------
Total Investments in Subsidiaries ................... - - - - -
---- ------ ------ ---- ------
Current Assets
Cash and temporary cash investments ............... 17 319 336 - 336
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... - 4,233 4,233 - 4,233
Other ........................................... 35 448 483 (35) 448
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... - 5 5 - 5
Regulatory assets ................................. - - - - -
Other ............................................. - 74 74 - 74
---- ------ ------ ---- ------
Total Current Assets ................................ 52 5,079 5,131 (35) 5,096
---- ------ ------ ---- ------
Deferred Charges .................................... (1) 828 827 - 827
Long-term Regulatory Assets ......................... - - - - -
---- ------ ------ ---- ------
TOTAL ASSETS ........................................ 185 18,651 18,836 (206) 18,630
==== ====== ====== ==== ======
</TABLE>
<PAGE> 26
F-1C (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CLG
CAPITALIZATION AND LIABILITIES CLNG CLG Combined Entries Consolidated
---- -------- -------- ---- ------------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... - 4 4 - 4
Additional paid in capital .................... 155 140,584 140,739 (155) 140,584
Retained earnings ............................. 16 (124,947) (124,931) (16) (124,947)
Unearned employee compensation ................ - - - - -
--- -------- -------- ---- --------
Total common stock equity ....................... 171 15,641 15,812 (171) 15,641
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. - - - - -
--- -------- -------- ---- --------
Total Capitalization .............................. 171 15,641 15,812 (171) 15,641
--- -------- -------- ---- --------
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... - 35 35 (35) -
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... - - - - -
Intercompany accounts payable ................... - 106 106 - 106
Accrued taxes ................................... 14 882 896 - 896
Accrued interest ................................ - 100 100 - 100
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Regulatory liabilities .......................... - - - - -
Other ........................................... - 554 554 - 554
--- -------- -------- ---- --------
Total Current Liabilities ......................... 14 1,677 1,691 (35) 1,656
--- -------- -------- ---- --------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ - - - - -
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... - 1,302 1,302 - 1,302
Long-term regulatory liabilities ................ - - - - -
Other ........................................... - 31 31 - 31
--- -------- -------- ---- --------
Total Other Liabilities and Deferred Credits ...... - 1,333 1,333 - 1,333
--- -------- -------- ---- --------
TOTAL CAPITALIZATION AND LIABILITIES .............. 185 18,651 18,836 (206) 18,630
=== ======== ======== ==== ========
</TABLE>
<PAGE> 27
F-1D (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CES
ASSETS CEM CSP CES Combined Entries Consolidated
------- ---- -------- -------- ------- ------------
<S> <C> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - 343 1,807 2,150 - 2,150
Accumulated depreciation and depletion ............ - (22) (569) (591) - (591)
------- ---- -------- -------- ------- --------
Net Gas Utility and Other Plant ................... - 321 1,238 1,559 - 1,559
------- ---- -------- -------- ------- --------
Gas and oil producing properties, full cost method - - - - - -
Accumulated depletion ............................. - - - - - -
------- ---- -------- -------- ------- --------
Net Gas and Oil Producing Properties .............. - - - - - -
------- ---- -------- -------- ------- --------
Net Property, Plant, and Equipment .................. - 321 1,238 1,559 - 1,559
------- ---- -------- -------- ------- --------
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - - -
Unconsolidated affiliates ......................... - - - - - -
Assets held for sale .............................. - - - - - -
Other ............................................. - - - - - -
------- ---- -------- -------- ------- --------
Total Investments and Other Assets .................. - - - - - -
------- ---- -------- -------- ------- --------
Investments in Subsidiaries
Capital stock ..................................... - - 2,010 2,010 (2,010) -
Equity in undistributed earnings of
subsidiaries ..................................... - - (732) (732) 732 -
Notes receivable .................................. - - - - - -
Other investments ................................. - - - - - -
Other receivables - TCO ........................... - - - - - -
------- ---- -------- -------- ------- --------
Total Investments in Subsidiaries ................... - - 1,278 1,278 (1,278) -
------- ---- -------- -------- ------- --------
Current Assets
Cash and temporary cash investments ............... 272 7 8 287 - 287
Accounts receivable, net
Customers ....................................... (30) 92 157,042 157,104 - 157,104
Intercompany .................................... 28,621 167 17,091 45,879 (19,138) 26,741
Other ........................................... - - 492 492 - 492
Income tax refunds ................................ - - - - - -
Gas inventory ..................................... - - - - - -
Other inventories, at average cost ................ - - - - - -
Prepayments ....................................... - - 19,013 19,013 - 19,013
Regulatory assets ................................. - - - - - -
Exchange gas receivable ........................... - - - - - -
Other ............................................. - - 373 373 - 373
------- ---- -------- -------- ------- --------
Total Current Assets ................................ 28,863 266 194,019 223,148 (19,138) 204,010
------- ---- -------- -------- ------- --------
Deferred Charges .................................... - - 175 175 - 175
Long-term Regulatory Assets ......................... - - - - - -
------- ---- -------- -------- ------- --------
TOTAL ASSETS ........................................ 28,863 587 196,710 226,160 (20,416) 205,744
======= ==== ======== ======== ======= ========
</TABLE>
<PAGE> 28
F-1D (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CES
CAPITALIZATION AND LIABILITIES CEM CSP CES Combined Entries Consolidated
------- ------ ------- -------- ------- ------------
<S> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - - -
Subsidiaries - common stock ................... 1,010 1,000 4,197 6,207 (2,010) 4,197
Additional paid in capital .................... - - 26,336 26,336 - 26,336
Retained earnings ............................. (10) (722) 10,794 10,062 732 10,794
Unearned employee compensation ................ - - - - - -
------- ------ ------- ------- ------- -------
Total common stock equity ....................... 1,000 278 41,327 42,605 (1,278) 41,327
Long-term debt .................................. - - - - - -
Installment promissory notes payable ............ - - - - - -
Other intercompany notes and loans .............. - - - - - -
------- ------ ------- ------- ------- -------
Total Capitalization .............................. 1,000 278 41,327 42,605 (1,278) 41,327
------- ------ ------- ------- ------- -------
Current Liabilities
Debt obligations ................................ - - - - - -
Accounts and drafts payable ..................... 13,519 25 111,315 124,859 - 124,859
Intercompany notes and loans - current maturities - - - - - -
Intercompany short-term loans ................... - - - - - -
Intercompany accounts payable ................... 14,501 198 38,939 53,638 (19,138) 34,500
Accrued taxes ................................... (157) (381) 1,523 985 - 985
Accrued interest ................................ - - 8 8 - 8
Estimated rate refunds .......................... - - - - - -
Estimated supplier obligations .................. - - - - - -
Transportation and exchange gas payable ......... - - - - - -
Deferred income taxes ........................... - - - - - -
Regulatory liabilities .......................... - - - - - -
Other ........................................... - 467 1,799 2,266 - 2,266
------- ------ ------- ------- ------- -------
Total Current Liabilities ......................... 27,863 309 153,584 181,756 (19,138) 162,618
------- ------ ------- ------- ------- -------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ - - 875 875 - 875
Investment tax credits .......................... - - - - - -
Postretirement benefits other than pensions ..... - - 104 104 - 104
Long-term regulatory liabilities ................ - - - - - -
Other ........................................... - - 820 820 - 820
------- ------ ------- ------- ------- -------
Total Other Liabilities and Deferred Credits ...... - - 1,799 1,799 - 1,799
------- ------ ------- ------- ------- -------
TOTAL CAPITALIZATION AND LIABILITIES .............. 28,863 587 196,710 226,160 (20,416) 205,744
======= ====== ======= ======= ======= =======
</TABLE>
<PAGE> 29
F-1E (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidated Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consolidating CNS
ASSETS CMC CNS Combined Entries Consolidated
----- ----- ----------- --------------- --------------
<S> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost............ 230 -- 230 -- 230
Accumulated depreciation and depletion................... (2) -- (2) -- (2)
----- ----- ------ --------- ------
Net Gas Utility and Other Plant.......................... 228 -- 228 -- 228
----- ----- ------ --------- ------
Gas and oil producing properties, full cost method....... -- -- -- -- --
Accumulated depletion.................................... -- -- -- -- --
----- ----- ------ --------- ------
Net Gas and Oil Producing Properties..................... -- -- -- -- --
----- ----- ------ --------- ------
Net Property, Plant, and Equipment......................... 228 -- 228 -- 228
----- ----- ------ --------- ------
Investments and Other Assets
Accounts receivable - noncurrent......................... -- -- -- -- --
Unconsolidated affiliates................................ -- -- -- -- --
Assets held for sale..................................... -- -- -- -- --
Other.................................................... -- -- -- -- --
----- ----- ------ --------- ------
Total Investments and Other Assets......................... -- -- -- -- --
----- ----- ------ --------- ------
Investments in Subsidiaries
Capital stock............................................ -- 300 300 (300) --
Equity in undistributed earnings of subsidiaries......... -- -- -- -- --
Notes receivable......................................... -- -- -- -- --
Other investments........................................ -- -- -- -- --
Other receivables - TCO.................................. -- -- -- -- --
----- ----- ------ --------- ------
Total Investments in Subsidiaries.......................... -- 300 300 (300) --
----- ----- ------ --------- ------
Current Assets
Cash and temporary cash investments...................... 62 280 342 -- 342
Accounts receivable, net
Customers.............................................. -- -- -- -- --
Intercompany........................................... -- -- -- -- --
Other.................................................. 28 -- 28 -- 28
Income tax refunds....................................... -- -- -- -- --
Gas inventory............................................ -- -- -- -- --
Other inventories, at average cost....................... -- -- -- -- --
Prepayments.............................................. -- -- -- -- --
Current regulatory assets................................ -- -- -- -- --
Other.................................................... 21 7 28 -- 28
----- ----- ------ --------- ------
Total Current Assets....................................... 111 287 398 -- 398
----- ----- ------ --------- ------
Deferred charges........................................... 4 -- 4 -- 4
Long-term Regulatory Assets................................ -- -- -- -- --
----- ----- ------ --------- ------
TOTAL ASSETS............................................... 343 587 930 (300) 630
===== ===== ====== ========= ======
</TABLE>
<PAGE> 30
F-1E (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidated Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consolidating CNS
CMC CNS Combined Entries Consolidated
-------- -------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) ........ - - - - -
Subsidiaries - common stock ............................ 300 600 900 (300) 600
Additional paid in capital ............................. - - - - -
Retained earnings ...................................... (34) (13) (47) - (47)
Unearned employee compensation ......................... - - - - -
----- ----- ----- ----- -----
Total common stock equity ................................ 266 587 853 (300) 553
Long-term debt ........................................... - - - - -
Installment promissory notes payable ..................... - - - - -
Other intercompany notes and loans ....................... - - - - -
----- ----- ----- ----- -----
Total Capitalization ....................................... 266 587 853 (300) 553
----- ----- ----- ----- -----
Current Liabilities
Debt obligations ......................................... - - - - -
Accounts and drafts payable .............................. 25 - 25 - 25
Intercompany notes and loans - current maturities ........ - - - - -
Intercompany short-term loans ............................ - - - - -
Intercompany accounts payable ............................ 35 - 35 - 35
Accrued taxes ............................................ 1 - 1 - 1
Accrued interest ......................................... - - - - -
Estimated rate refunds ................................... - - - - -
Estimated supplier obligations ........................... - - - - -
Transportation and exchange gas payable .................. - - - - -
Deferred income taxes .................................... - - - - -
Current regulatory liabilities ........................... - - - - -
Other .................................................... 8 - 8 - 8
----- ----- ----- ----- -----
Total Current Liabilities .................................. 69 - 69 - 69
----- ----- ----- ----- -----
Other Liabilities and Deferred Credits
Income taxes, noncurrent ................................. - - - - -
Investment tax credits ................................... - - - - -
Postretirement benefits other than pensions .............. - - - - -
Long-term regulatory liabilities ......................... - - - - -
Other .................................................... 8 - 8 - 8
----- ----- ----- ----- -----
Total Other Liabilities and Deferred Credits ............... 8 - 8 - 8
----- ----- ----- ----- -----
TOTAL CAPITALIZATION AND LIABILITIES ....................... 343 587 930 (300) 630
===== ===== ===== ===== =====
</TABLE>
<PAGE> 31
F-2 (1 of 2)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
---------- ------------ ----------- ---------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost ...... (3,504) (3,504) - - -
Accumulated depreciation and depletion ............. - - - - -
---------- ---------- ---------- ---------- ----------
Net Gas Utility and Other Plant .................... (3,504) (3,504) - - -
---------- ---------- ---------- ---------- ----------
Gas and oil producing properties, full cost method .. - - - - -
Accumulated depletion .............................. (1,877) - - (1,877) -
---------- ---------- ---------- ---------- ----------
Net Oil and Gas Producing Properties ............... (1,877) - - (1,877) -
---------- ---------- ---------- ---------- ----------
Net Property, Plant, and Equipment ................... (5,381) (3,504) - (1,877) -
---------- ---------- ---------- ---------- ----------
Investments and Other Assets
Accounts receivable - noncurrent ................... (18,646) - - - (18,646)
Unconsolidated affiliates .......................... - - - - -
Assets held for sale ............................... - - - - -
Other .............................................. 1,999 - (61,387) - 63,386
---------- ---------- ---------- ---------- ----------
Total Investments and Other Assets ................... (16,647) - (61,387) - 44,740
---------- ---------- ---------- ---------- ----------
Investments in Subsidiaries
Capital stock ...................................... (2,443,063) - (2,443,063) - -
Equity in undistributed earnings of
subsidiaries ...................................... 280,903 - 280,903 - -
Notes receivable ................................... (696,932) (696,932) - - -
Other investments .................................. (643,000) (643,000) - - -
Other receivables - TCO ............................ - - - - -
---------- ---------- ---------- ---------- ----------
Total Investments in Subsidiaries .................... (3,502,092) (1,339,932) (2,162,160) - -
---------- ---------- ---------- ---------- ----------
Current Assets
Cash and temporary cash investments ................ 87 87 - - -
Accounts receivable, net
Customers ........................................ - - - - -
Intercompany ..................................... (559,148) (559,148) - - -
Other ............................................ (45,346) (87) - - (45,259)
Income tax refunds ................................. - - - - -
Gas inventory ...................................... - - - - -
Other inventories, at average cost ................. - - - - -
Prepayments ........................................ (2,305) (2,305) - - -
Regulatory assets .................................. - - - - -
Underrecovered gas costs ........................... - - - - -
Prepaid property tax ............................... - - - - -
Exchange gas receivable ............................ - - - - -
Other .............................................. (40,290) - - - (40,290)
---------- ---------- ---------- ---------- ----------
Total Current Assets ................................. (647,002) (561,453) - - (85,549)
---------- ---------- ---------- ---------- ----------
Deferred Charges ..................................... (3,353) 1,319 4,220 - (8,892)
Long-term Regulatory Assets .......................... - - - - -
---------- ---------- ---------- ---------- ----------
TOTAL ASSETS ......................................... (4,174,475) (1,903,570) (2,219,327) (1,877) (49,701)
========== ========== ========== ========== ==========
</TABLE>
<PAGE> 32
F-2 (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Balance Sheet Entries as of December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
---------- ------------ ----------- ----------- ------------
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. -- common stock,
$10 par value (55,263,659 shares outstanding)....... -- -- -- -- --
Subsidiaries -- common stock.......................... (764,807) -- (764,807) -- --
Additional paid in capital............................ (1,653,592) -- (1,653,592) -- --
Retained earnings..................................... 252,205 (3,171) 198,220 (1,220) 58,376
Unearned employee compensation........................ -- -- -- -- --
---------- ---------- ---------- ---------- ----------
Total common stock equity................................. (2,166,154) (3,171) (2,220,179) (1,220) 58,376
---------- ---------- ---------- ---------- ----------
Preferred stock........................................... -- -- -- -- --
Long-term debt............................................ -- -- -- -- --
Installment promissory notes payable...................... (1,410,342) (1,410,342) -- -- --
Other intercompany notes and loans........................ -- -- -- -- --
---------- ---------- ---------- ---------- ----------
Total Capitalization...................................... (3,576,536) (1,413,513) (2,220,179) (1,220) 58,376
---------- ---------- ---------- ---------- ----------
Current Liabilities
Short-term debt......................................... -- -- -- -- --
Debt obligations........................................ -- -- -- -- --
Accounts and drafts payable............................. -- -- -- -- --
Intercompany notes and loans -- current maturities...... (13,753) (13,753) -- -- --
Intercompany short-term loans........................... (295,869) (295,869) -- -- --
Intercompany accounts payable........................... (167,541) (167,541) -- -- --
Accrued taxes........................................... (47,043) -- -- -- (47,043)
Accrued interest........................................ (16,862) -- -- -- (16,862)
Estimated rate refunds.................................. -- -- -- -- --
Estimated supplier obligations.......................... -- -- -- -- --
Overrecovered gas costs................................. -- -- -- -- --
Transportation and exchange gas payable................. -- -- -- -- --
Deferred income taxes................................... (43,007) (1,709) (381) -- (10,917)
Regulatory liabilities.................................. -- -- -- -- --
Other................................................... (11,185) (11,185) -- -- --
---------- ---------- ---------- ---------- ----------
Total Current Liabilities................................. (595,260) (490,057) (381) -- (134,822)
---------- ---------- ---------- ---------- ----------
Other Liabilities and Deferred Credits
Income taxes, noncurrent................................ (3,912) -- -- (657) (3,255)
Investment tax credits.................................. -- -- -- -- --
Postretirement benefits other than pensions............. -- -- -- -- --
Long-term regulatory liabilities........................ -- -- -- -- --
Other................................................... 1,233 -- 1,233 -- --
---------- ---------- ---------- ---------- ----------
Total Other Liabilities and Deferred Credits.............. (2,679) -- 1,233 (657) (3,255)
---------- ---------- ---------- ---------- ----------
TOTAL CAPITALIZATION AND LIABILITIES...................... (4,174,475) (1,903,570) (2,219,327) (1,877) (49,701)
========== ========== ========== ========== ==========
</TABLE>
<PAGE> 33
F-2A (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
----- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
------- ---- ------- ---- ----
Net Gas Utility and Other Plant ................... - - - - -
------- ---- ------- ---- ----
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
------- ---- ------- ---- ----
Net Gas and Oil Producing Properties .............. - - - - -
------- ---- ------- ---- ----
Net Property, Plant, and Equipment .................. - - - - -
------- ---- ------- ---- ----
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... - - - - -
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
------- ---- ------- ---- ----
Total Investments and Other Assets .................. - - - - -
------- ---- ------- ---- ----
Investments in Subsidiaries
Capital stock ..................................... (18,680) - (18,680) - -
Equity in undistributed earnings of
subsidiaries ..................................... (4,989) - (4,989) - -
Notes receivable .................................. (804) (804) - - -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
------- ---- ------- ---- ----
Total Investments in Subsidiaries ................... (24,473) (804) (23,669) - -
------- ---- ------- ---- ----
Current Assets
Cash and temporary cash investments ............... - - - - -
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... - - - - -
Other ........................................... - - - - -
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... - - - - -
Other ............................................. - - - - -
------- ---- ------- ---- ----
Total Current Assets ................................ - - - - -
------- ---- ------- ---- ----
Deferred Charges .................................... - - - - -
------- ---- ------- ---- ----
TOTAL ASSETS ........................................ (24,473) (804) (23,669) - -
======= ==== ======= ==== ====
</TABLE>
<PAGE> 34
F-2A (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
CAPITALIZATION AND LIABILITIES Total Transactions Equity Cost Pool Adjustments
----- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... (370) - (370) - -
Additional paid in capital .................... (18,310) - (18,310) - -
Retained earnings ............................. (4,989) - (4,989) - -
Unearned employee compensation ................ - - - - -
------- ---- ------- ---- ----
Total common stock equity ....................... (23,669) - (23,669) - -
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. - - - - -
------- ---- ------- ---- ----
Total Capitalization .............................. (23,669) - (23,669) - -
------- ---- ------- ---- ----
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... - - - - -
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... (804) (804) - - -
Intercompany accounts payable ................... - - - - -
Accrued taxes ................................... - - - - -
Accrued interest ................................ - - - - -
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Other ........................................... - - - - -
------- ---- ------- ---- ----
Total Current Liabilities ......................... (804) (804) - - -
------- ---- ------- ---- ----
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ - - - - -
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... - - - - -
Other ........................................... - - - - -
------- ---- ------- ---- ----
Total Other Liabilities and Deferred Credits ...... - - - - -
------- ---- ------- ---- ----
TOTAL CAPITALIZATION AND LIABILITIES .............. (24,473) (804) (23,669) - -
======= ==== ======= ==== ====
</TABLE>
<PAGE> 35
F-2B (1 of 2)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
ASSETS Total Transactions Equity Cost Pool Adjustments
------ ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
Net Gas Utility and Other Plant ................... - - - - -
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
Net Gas and Oil Producing Properties .............. - - - - -
------ -- ------ ---- ----
Net Property, Plant, and Equipment .................. - - - - -
------ -- ------ ---- ----
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... - - - - -
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
------ -- ------ ---- ----
Total Investments and Other Assets .................. - - - - -
------ -- ------ ---- ----
Investments in Subsidiaries
Capital stock ..................................... (2,000) - (2,000) - -
Equity in undistributed earnings of
subsidiaries ..................................... 412 - 412 - -
Notes receivable .................................. 50 50 - - -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
------ -- ------ ---- ----
Total Investments in Subsidiaries ................... (1,538) 50 (1,588) - -
------ -- ------ ---- ----
Current Assets
Cash and temporary cash investments ............... - - - - -
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... - - - - -
Other ........................................... - - - - -
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... - - - - -
Regulatory assets ................................. - - - - -
Other ............................................. - - - - -
------ -- ------ ---- ----
Total Current Assets ................................ - - - - -
------ -- ------ ---- ----
Deferred Charges .................................... - - - - -
Long-term Regulatory Assets ......................... - - - - -
------ -- ------ ---- ----
TOTAL ASSETS ........................................ (1,538) 50 (1,588) - -
====== == ====== ==== ====
</TABLE>
<PAGE> 36
F-2B (2 of 2)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
CAPITALIZATION AND LIABILITIES Total Transactions Equity Cost Pool Adjustments
------ ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... (2,000) - (2,000) - -
Additional paid in capital .................... - - - - -
Retained earnings ............................. 412 - 412 - -
Unearned employee compensation ................ - - - - -
------ --- ------ ---- ----
Total common stock equity ....................... (1,588) - (1,588) - -
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. 52 52 - - -
------ --- ------ ---- ----
Total Capitalization .............................. (1,536) 52 (1,588) - -
------ --- ------ ---- ----
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... - - - - -
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... - - - - -
Intercompany accounts payable ................... (2) (2) - - -
Accrued taxes ................................... - - - - -
Accrued interest ................................ - - - - -
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Regulatory liabilities .......................... - - - - -
Other ........................................... - - - - -
------ --- ------ ---- ----
Total Current Liabilities ......................... (2) (2) - - -
------ --- ------ ---- ----
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ - - - - -
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... - - - - -
Long-term regulatory liabilities ................ - - - - -
Other ........................................... - - - - -
------ --- ------ ---- ----
Total Other Liabilities and Deferred Credits ...... - - - - -
------ --- ------ ---- ----
TOTAL CAPITALIZATION AND LIABILITIES .............. (1,538) 50 (1,588) - -
====== === ====== ==== ====
</TABLE>
<PAGE> 37
F-2C (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
ASSETS Total Transactions Equity Cost Pool Adjustments
----- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
---- ---- ---- ---- ----
Net Gas Utility and Other Plant ................... - - - - -
---- ---- ---- ---- ----
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
---- ---- ---- ---- ----
Net Gas and Oil Producing Properties .............. - - - - -
---- ---- ---- ---- ----
Net Property, Plant, and Equipment .................. - - - - -
---- ---- ---- ---- ----
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... (171) (171) - - -
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
---- ---- ---- ---- ----
Total Investments and Other Assets .................. (171) (171) - - -
---- ---- ---- ---- ----
Investments in Subsidiaries
Capital stock ..................................... - - - - -
Equity in undistributed earnings of
subsidiaries ..................................... - - - - -
Notes receivable .................................. - - - - -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
---- ---- ---- ---- ----
Total Investments in Subsidiaries ................... - - - - -
---- ---- ---- ---- ----
Current Assets
Cash and temporary cash investments ............... - - - - -
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... - - - - -
Other ........................................... (35) (35) - - -
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... - - - - -
Regulatory assets ................................. - - - - -
Other ............................................. - - - - -
---- ---- ---- ---- ----
Total Current Assets ................................ (35) (35) - - -
---- ---- ---- ---- ----
Deferred Charges .................................... - - - - -
Long-term Regulatory Assets ......................... - - - - -
---- ---- ---- ---- ----
TOTAL ASSETS ........................................ (206) (206) - - -
==== ==== ==== ==== ====
</TABLE>
<PAGE> 38
F-2C (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
CAPITALIZATION AND LIABILITIES Total Transactions Equity Cost Pool Adjustments
----- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... - - - - -
Additional paid in capital .................... (155) (155) - - -
Retained earnings ............................. (16) (16) - - -
Unearned employee compensation ................ - - - - -
---- ---- ---- ---- ----
Total common stock equity ....................... (171) (171) - - -
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. - - - - -
---- ---- ---- ---- ----
Total Capitalization .............................. (171) (171) - - -
---- ---- ---- ---- ----
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... (35) (35) - - -
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... - - - - -
Intercompany accounts payable ................... - - - - -
Accrued taxes ................................... - - - - -
Accrued interest ................................ - - - - -
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Regulatory liabilities .......................... - - - - -
Other ........................................... - - - - -
---- ---- ---- ---- ----
Total Current Liabilities ......................... (35) (35) - - -
---- ---- ---- ---- ----
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ - - - - -
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... - - - - -
Long-term regulatory liabilities ................ - - - - -
Other ........................................... - - - - -
---- ---- ---- ---- ----
Total Other Liabilities and Deferred Credits ...... - - - - -
---- ---- ---- ---- ----
TOTAL CAPITALIZATION AND LIABILITIES .............. (206) (206) - - -
==== ==== ==== ==== ====
</TABLE>
<PAGE> 39
F-2D (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
------- ------------ ------- --------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost ..... - - - - -
Accumulated depreciation and depletion ............ - - - - -
------- ------- ------ ---- ----
Net Gas Utility and Other Plant ................... - - - - -
------- ------- ------ ---- ----
Gas and oil producing properties, full cost method - - - - -
Accumulated depletion ............................. - - - - -
------- ------- ------ ---- ----
Net Gas and Oil Producing Properties .............. - - - - -
------- ------- ------ ---- ----
Net Property, Plant, and Equipment .................. - - - - -
------- ------- ------ ---- ----
Investments and Other Assets
Accounts receivable - noncurrent .................. - - - - -
Unconsolidated affiliates ......................... - - - - -
Assets held for sale .............................. - - - - -
Other ............................................. - - - - -
------- ------- ------ ---- ----
Total Investments and Other Assets .................. - - - - -
------- ------- ------ ---- ----
Investments in Subsidiaries
Capital stock ..................................... (2,010) - (2,010) - -
Equity in undistributed earnings of ............... -
subsidiaries ..................................... 732 - 732 - -
Notes receivable .................................. - - - - -
Other investments ................................. - - - - -
Other receivables - TCO ........................... - - - - -
------- ------- ------ ---- ----
Total Investments in Subsidiaries ................... (1,278) - (1,278) - -
------- ------- ------ ---- ----
Current Assets
Cash and temporary cash investments ............... - - - - -
Accounts receivable, net
Customers ....................................... - - - - -
Intercompany .................................... (19,138) (19,138) - - -
Other ........................................... - - - - -
Income tax refunds ................................ - - - - -
Gas inventory ..................................... - - - - -
Other inventories, at average cost ................ - - - - -
Prepayments ....................................... - - - - -
Regulatory assets ................................. - - - - -
Exchange gas receivable ........................... - - - - -
Other ............................................. - - - - -
------- ------- ------ ---- ----
Total Current Assets ................................ (19,138) (19,138) - - -
------- ------- ------ ---- ----
Deferred Charges .................................... - - - - -
Long-term Regulatory Assets ......................... - - - - -
------- ------- ------ ---- ----
TOTAL ASSETS ........................................ (20,416) (19,138) (1,278) - -
======= ======= ====== ==== ====
</TABLE>
<PAGE> 40
F-2D (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Balance Sheet Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
------- ------------ ------ --------- -----------
CAPITALIZATION AND LIABILITIES
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares outstanding) - - - - -
Subsidiaries - common stock ................... (2,010) - (2,010) - -
Additional paid in capital .................... - - - - -
Retained earnings ............................. 732 - 732 - -
Unearned employee compensation ................ - - - - -
------- ------- ------ ---- ----
Total common stock equity ....................... (1,278) - (1,278) - -
Long-term debt .................................. - - - - -
Installment promissory notes payable ............ - - - - -
Other intercompany notes and loans .............. - - - - -
------- ------- ------ ---- ----
Total Capitalization .............................. (1,278) - (1,278) - -
------- ------- ------ ---- ----
Current Liabilities
Debt obligations ................................ - - - - -
Accounts and drafts payable ..................... - - - - -
Intercompany notes and loans - current maturities - - - - -
Intercompany short-term loans ................... - - - - -
Intercompany accounts payable ................... (19,138) (19,138) - - -
Accrued taxes ................................... - - - - -
Accrued interest ................................ - - - - -
Estimated rate refunds .......................... - - - - -
Estimated supplier obligations .................. - - - - -
Transportation and exchange gas payable ......... - - - - -
Deferred income taxes ........................... - - - - -
Regulatory liabilities .......................... - - - - -
Other ........................................... - - - - -
------- ------- ------ ---- ----
Total Current Liabilities ......................... (19,138) (19,138) - - -
------- ------- ------ ---- ----
Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................ - - - - -
Investment tax credits .......................... - - - - -
Postretirement benefits other than pensions ..... - - - - -
Long-term regulatory liabilities ................ - - - - -
Other ........................................... - - - - -
------- ------- ------ ---- ----
Total Other Liabilities and Deferred Credits ...... - - - - -
------- ------- ------ ---- ----
TOTAL CAPITALIZATION AND LIABILITIES .............. (20,416) (19,138) (1,278) - -
======= ======= ====== ==== ====
</TABLE>
<PAGE> 41
F-2E (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidated Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
ASSETS Total Transactions Equity Cost Pool Adjustments
----- ------------ ----------- ----------- ------------
<S> <C> <C> <C> <C> <C>
Property, Plant and Equipment
Gas utility and other plant, at original cost ................ -- -- -- -- --
Accumulated depreciation and depletion ....................... -- -- -- -- --
---- ---- ---- ---- ----
Net Gas Utility and Other Plant .............................. -- -- -- -- --
---- ---- ---- ---- ----
Gas and oil producing properties, full cost method ........... -- -- -- -- --
Accumulated depletion ........................................ -- -- -- -- --
---- ---- ---- ---- ----
Net Gas and Oil Producing Properties ......................... -- -- -- -- --
---- ---- ---- ---- ----
Net Property, Plant, and Equipment ............................. -- -- -- -- --
---- ---- ---- ---- ----
Investments and Other Assets
Accounts receivable - noncurrent ............................. -- -- -- -- --
Unconsolidated affiliates .................................... -- -- -- -- --
Assets held for sale ......................................... -- -- -- -- --
Other ........................................................ -- -- -- -- --
---- ---- ---- ---- ----
Total Investments and Other Assets ............................. -- -- -- -- --
---- ---- ---- ---- ----
Investments in Subsidiaries
Capital stock ................................................ (300) -- (300) -- --
Equity in undistributed earnings of subsidiaries ............. -- -- -- -- --
Notes receivable ............................................. -- -- -- -- --
Other investments ............................................ -- -- -- -- --
Other receivables - TCO ...................................... -- -- -- -- --
---- ---- ---- ---- ----
Total Investments in Subsidiaries .............................. (300) -- (300) -- --
---- ---- ---- ---- ----
Current Assets
Cash and temporary cash investments .......................... -- -- -- -- --
Accounts receivable, net
Customers .................................................. -- -- -- -- --
Intercompany ............................................... -- -- -- -- --
Other ...................................................... -- -- -- -- --
Income tax refunds ........................................... -- -- -- -- --
Gas inventory ................................................ -- -- -- -- --
Other inventories, at average cost ........................... -- -- -- -- --
Prepayments .................................................. -- -- -- -- --
Current regulatory assets .................................... -- -- -- -- --
Other ........................................................ -- -- -- -- --
---- ---- ---- ---- ----
Total Current Assets ........................................... -- -- -- -- --
---- ---- ---- ---- ----
Deferred Charges ............................................... -- -- -- -- --
Long-term Regulatory Assets .................................... -- -- -- -- --
---- ---- ---- ---- ----
TOTAL ASSETS ................................................... (300) -- (300) -- --
==== ==== ==== ==== ====
</TABLE>
<PAGE> 42
F-2E (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidated Balance Sheet as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consolidated Entry No. 4
Intercompany Subsidiary Full Cost Elimination/
CAPITALIZATION AND LIABILITIES Total Transactions Equity Pool Adjustments
----------- ------------- ------------ ------------- -------------
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stock Equity
The Columbia Gas System, Inc. - common stock,
$10 par value (55,263,659 shares
outstanding)................................ - - - - -
Subsidiaries - common stock.................. (300) - (300) - -
Additional paid in capital................... - - - - -
Retained earnings............................ - - - - -
Unearned employee compensation............... - - - - -
----------- ------------- ----------- -------------- ------------
Total common stock equity...................... (300) - (300) - -
Long-term debt................................. - - - - -
Installment promissory notes payable........... - - - - -
Other intercompany notes and loans............. - - - - -
----------- ------------- ----------- -------------- ------------
Total Capitalization............................. (300) - (300) - -
----------- ------------- ----------- -------------- ------------
Current Liabilities
Debt obligations............................... - - - - -
Accounts and drafts payable.................... - - - - -
Intercompany notes and loans -- current
maturities .................................. - - - - -
Intercompany short-term loans.................. - - - - -
Intercompany accounts payable.................. - - - - -
Accrued taxes.................................. - - - - -
Accrued interest............................... - - - - -
Estimated rate refunds......................... - - - - -
Estimated supplier obligations................. - - - - -
Transportation and exchange gas payable........ - - - - -
Deferred income taxes.......................... - - - - -
Current regulatory liabilities................. - - - - -
Other.......................................... - - - - -
----------- ------------- ----------- -------------- ------------
Total Current Liabilities........................ - - - - -
----------- ------------- ----------- -------------- ------------
Other Liabilities and Deferred Credits
Income taxes, noncurrent....................... - - - - -
Investment tax credits......................... - - - - -
Postretirement benefits other than pensions.... - - - - -
Long-term regulatory liabilities............... - - - - -
Other.......................................... - - - - -
----------- ------------- ----------- -------------- ------------
Total Other Liabilities and Deferred Credits..... - - - - -
----------- ------------- ----------- -------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES............. (300) - (300) - -
=========== ============= =========== ============== ============
</TABLE>
<PAGE> 43
F-3 (1 of 5)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
F-3 F-3 F-3 F-3 dating Consoli-
Page 2 Page 3 Page 4 Page 5 Combined Entries dated
---------- ---------- -------- ------ ---------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .............................. 226,505 1,874,706 727,797 - 2,829,008 (149,569) 2,679,439
Transportation ......................... 636,100 112,329 - - 748,429 (257,108) 491,321
Storage ................................ 159,563 - - - 159,563 (94,332) 65,231
Other .................................. 30,342 3,586 168,514 7,422 209,864 (91,840) 118,024
---------- ---------- -------- ------ ---------- -------- ----------
Total Operating Revenues ................. 1,052,510 1,990,621 896,311 7,422 3,946,864 (592,849) 3,354,015
---------- ---------- -------- ------ ---------- -------- ----------
Operating Expenses
Products purchased ..................... 80,576 1,145,274 759,875 - 1,985,725 (504,578) 1,481,147
Operation .............................. 439,572 401,265 108,174 5,513 954,524 (99,998) 854,526
Maintenance ............................ 69,495 38,174 3,692 - 111,361 - 111,361
Depreciation and depletion ............. 136,441 67,529 8,757 43 212,770 2,410 215,180
Other taxes ............................ 66,927 141,371 5,092 186 213,576 - 213,576
---------- ---------- -------- ------ ---------- -------- ----------
Total Operating Expenses ................. 793,011 1,793,613 885,590 5,742 3,477,956 (602,166) 2,875,790
---------- ---------- -------- ------ ---------- -------- ----------
Operating Income (Loss) .................. 259,499 197,008 10,721 1,680 468,908 9,317 478,225
---------- ---------- -------- ------ ---------- -------- ----------
Other Income (Deductions)
Interest income and other, net ......... 18,318 372,046 8,085 1,176 399,625 (373,534) 26,091
Interest expense and related charges ... (65,739) (220,118) (2,732) (237) (288,826) 122,061 (166,765)
---------- ---------- -------- ------ ---------- -------- ----------
Total Other Income (Deductions) .......... (47,421) 151,928 5,353 939 110,799 (251,473) (140,674)
---------- ---------- -------- ------ ---------- -------- ----------
Income (Loss) before Income Taxes ........ 212,078 348,936 16,074 2,619 579,707 (242,156) 337,551
Income Taxes ............................. 68,659 37,670 6,866 1,056 114,251 1,659 115,910
---------- ---------- -------- ------ ---------- -------- ----------
Net Income (Loss) ........................ 143,419 311,266 9,208 1,563 465,456 (243,815) 221,641
========== ========== ======== ====== ========== ======== ==========
</TABLE>
<PAGE> 44
F-3 (2 of 5)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-3 Page 2
CNR TCO CGT CLG (a) CKY Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .................................... 96,530 686 - - 129,289 226,505
Transportation ............................... - 493,008 135,608 - 7,484 636,100
Storage ...................................... - 159,563 - - - 159,563
Other ........................................ 7,964 10,092 6,224 5,815 247 30,342
---------- ---------- ---------- ---------- ---------- ----------
Total Operating Revenues ....................... 104,494 663,349 141,832 5,815 137,020 1,052,510
---------- ---------- ---------- ---------- ---------- ----------
Operating Expenses
Products purchased ........................... - 4,859 - - 75,717 80,576
Operation .................................... 36,809 303,729 65,708 3,607 29,719 439,572
Maintenance .................................. 174 46,815 19,203 442 2,861 69,495
Depreciation and depletion ................... 26,945 80,845 21,767 - 6,884 136,441
Other taxes .................................. 8,644 48,490 7,644 140 2,009 66,927
---------- ---------- ---------- ---------- ---------- ----------
Total Operating Expenses ....................... 72,572 484,738 114,322 4,189 117,190 793,011
---------- ---------- ---------- ---------- ---------- ----------
Operating Income (Loss) ........................ 31,922 178,611 27,510 1,626 19,830 259,499
---------- ---------- ---------- ---------- ---------- ----------
Other Income (Deductions)
Interest income and other, net ............... 3,243 11,753 2,473 873 (24) 18,318
Interest expense and related charges ......... (4,539) (51,906) (5,024) (11) (4,259) (65,739)
---------- ---------- ---------- ---------- ---------- ----------
Total Other Income (Deductions) ................ (1,296) (40,153) (2,551) 862 (4,283) (47,421)
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) before Income Taxes .............. 30,626 138,458 24,959 2,488 15,547 212,078
Income Taxes ................................... 8,917 42,814 9,789 881 6,258 68,659
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) .............................. 21,709 95,644 15,170 1,607 9,289 143,419
========== ========== ========== ========== ========== ==========
</TABLE>
(a) CLG includes one subsidiary as noted in Item 1. Consolidating financial
statements of CLG are presented herewith in Item 10, Exhibits F-1C through F-6C.
<PAGE> 45
F-3 (3 of 5)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-3 Page 3
COH CMD CPA COS CG Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .................................... 1,251,682 48,288 403,314 171,422 - 1,874,706
Transportation ............................... 70,205 1,900 29,024 11,200 - 112,329
Storage ...................................... - - - - - -
Other ........................................ 1,989 65 285 1,247 - 3,586
---------- ---------- ---------- ---------- ---------- ----------
Total Operating Revenues ....................... 1,323,876 50,253 432,623 183,869 - 1,990,621
---------- ---------- ---------- ---------- ---------- ----------
Operating Expenses
Products purchased ........................... 796,560 29,831 223,629 95,254 - 1,145,274
Operation .................................... 248,785 8,967 97,206 37,315 8,992 401,265
Maintenance .................................. 20,306 1,630 9,270 6,968 - 38,174
Depreciation and depletion ................... 42,203 2,493 14,363 8,470 - 67,529
Other taxes .................................. 107,171 1,776 24,554 7,727 143 141,371
---------- ---------- ---------- ---------- ---------- ----------
Total Operating Expenses ....................... 1,215,025 44,697 369,022 155,734 9,135 1,793,613
---------- ---------- ---------- ---------- ---------- ----------
Operating Income (Loss) ........................ 108,851 5,556 63,601 28,135 (9,135) 197,008
---------- ---------- ---------- ---------- ---------- ----------
Other Income (Deductions)
Interest income and other, net ............... (1,323) 1 (135) (108) 373,611 372,046
Interest expense and related charges ......... (37,303) (1,466) (14,610) (8,560) (158,179) (220,118)
---------- ---------- ---------- ---------- ---------- ----------
Total Other Income (Deductions) ................ (38,626) (1,465) (14,745) (8,668) 215,432 151,928
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) before Income Taxes .............. 70,225 4,091 48,856 19,467 206,297 348,936
Income Taxes ................................... 24,508 1,482 20,250 6,774 (15,344) 37,670
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) .............................. 45,717 2,609 28,606 12,693 221,641 311,266
========== ========== ========== ========== ========== ==========
</TABLE>
<PAGE> 46
F-3 (4 of 5)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-3 Page 4
CS CIC CES (a) CPC CPI Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales ...................... - - 727,797 - - 727,797
Transportation ................. - - - - - -
Storage ........................ - - - - - -
Other .......................... 85,015 2,299 191 13,068 67,941 168,514
---------- ---------- ---------- ---------- ---------- ----------
Total Operating Revenues ......... 85,015 2,299 727,988 13,068 67,941 896,311
---------- ---------- ---------- ---------- ---------- ----------
Operating Expenses
Products purchased ............. - - 711,535 7,545 40,795 759,875
Operation ...................... 74,072 2,175 11,205 3,065 17,657 108,174
Maintenance .................... 2,328 - - 114 1,250 3,692
Depreciation and depletion ..... 5,711 - 329 765 1,952 8,757
Other taxes .................... 3,104 - 397 286 1,305 5,092
---------- ---------- ---------- ---------- ---------- ----------
Total Operating Expenses ......... 85,215 2,175 723,466 11,775 62,959 885,590
---------- ---------- ---------- ---------- ---------- ----------
Operating Income (Loss) .......... (200) 124 4,522 1,293 4,982 10,721
---------- ---------- ---------- ---------- ---------- ----------
Other Income (Deductions)
Interest income and other, net 6,011 13 1,276 110 675 8,085
Interest expense
and related charges .......... (1,564) - (21) (225) (922) (2,732)
---------- ---------- ---------- ---------- ---------- ----------
Total Other Income (Deductions) .. 4,447 13 1,255 (115) (247) 5,353
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) before Income Taxes 4,247 137 5,777 1,178 4,735 16,074
Income Taxes .................... 2,222 48 2,362 486 1,748 6,866
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) ............... 2,025 89 3,415 692 2,987 9,208
========== ========== ========== ========== ========== ==========
</TABLE>
(a) CES includes two subsidiaries as noted in Item 1. Consolidating financial
statements of CES are presented herewith in Item 10, Exhibits F-1D through F-6D.
<PAGE> 47
F-3 (5 of 5)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-3 Page 5
TVC (a) TCC (a) CAT CNS (a) Total
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales ............................................. - - - - -
Transportation ........................................ - - - - -
Storage ............................................... - - - - -
Other ................................................. 7,331 - - 91 7,422
---------- ---------- ---------- ---------- ----------
Total Operating Revenues ................................ 7,331 - - 91 7,422
---------- ---------- ---------- ---------- ----------
Operating Expenses
Products purchased .................................... - - - - -
Operation ............................................. 5,272 17 65 159 5,513
Maintenance ........................................... - - - - -
Depreciation and depletion ............................ 40 - - 3 43
Other taxes ........................................... 182 - - 4 186
---------- ---------- ---------- ---------- ----------
Total Operating Expenses ................................ 5,494 17 65 166 5,742
---------- ---------- ---------- ---------- ----------
Operating Income (Loss) ................................. 1,837 (17) (65) (75) 1,680
---------- ---------- ---------- ---------- ----------
Other Income (Deductions)
Interest income and other, net ........................ 1,230 (91) 37 - 1,176
Interest expense and related charges .................. (235) - (2) - (237)
---------- ---------- ---------- ---------- ----------
Total Other Income (Deductions) ......................... 995 (91) 35 - 939
---------- ---------- ---------- ---------- ----------
Income (Loss) before Income Taxes ....................... 2,832 (108) (30) (75) 2,619
Income Taxes ............................................ 1,132 (38) (10) (28) 1,056
---------- ---------- ---------- ---------- ----------
Net Income (Loss) ....................................... 1,700 (70) (20) (47) 1,563
========== ========== ========== ========== ==========
</TABLE>
(a) TVC includes twelve subsidiaries and both TCC and CNS include one subsidiary
as noted in Item 1. Consolidating financial statements of TVC, TCC and CNS are
presented herewith in Item 10, Exhibits F-1A through F-6A, F-1B through F-6B and
F-1E through F-6E, respectively.
<PAGE> 48
F-3A (1 of 3)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-3A F-3A Consolidating TVC
Page 2 Page 3 Combined Entries Consolidated
------ ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - -
Transportation ..................... - - - - -
Storage ............................ - - - - -
Other .............................. 8,712 2,224 10,936 (3,605) 7,331
------ ------ ------- ------ ------
Total Operating Revenues ............. 8,712 2,224 10,936 (3,605) 7,331
------ ------ ------- ------ ------
Operating Expenses
Products purchased ................. - - - - -
Operation .......................... 5,685 168 5,853 (581) 5,272
Maintenance ........................ - - - - -
Depreciation and depletion ......... 40 - 40 - 40
Other taxes ........................ 182 - 182 - 182
------ ------ ------- ------ ------
Total Operating Expenses ............. 5,907 168 6,075 (581) 5,494
------ ------ ------- ------ ------
Operating Income (Loss) .............. 2,805 2,056 4,861 (3,024) 1,837
------ ------ ------- ------ ------
Other Income (Deductions)
Interest income and other, net ..... 1,268 103 1,371 (141) 1,230
Interest expense and related charges (228) (148) (376) 141 (235)
------ ------ ------- ------ ------
Total Other Income (Deductions) ...... 1,040 (45) 995 - 995
------ ------ ------- ------ ------
Income (Loss) before Income Taxes .... 3,845 2,011 5,856 (3,024) 2,832
Income Taxes ......................... 425 707 1,132 - 1,132
------ ------ ------- ------ ------
Net Income (Loss) .................... 3,420 1,304 4,724 (3,024) 1,700
====== ====== ======= ====== ======
</TABLE>
<PAGE> 49
F-3A (2 of 3)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-3A Page 2
BGC BLC GGC GLC PGC PLC TVC Total
---- ---- ---- ---- ------ ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - - - - -
Transportation ..................... - - - - - - - -
Storage ............................ - - - - - - - -
Other .............................. (196) (458) - - 1,193 2,782 5,391 8,712
---- ---- ---- ---- ------ ------ ------ ------
Total Operating Revenues ............. (196) (458) - - 1,193 2,782 5,391 8,712
---- ---- ---- ---- ------ ------ ------ ------
Operating Expenses
Products purchased ................. - - - - - - - -
Operation .......................... 43 102 - - 89 208 5,243 5,685
Maintenance ........................ - - - - - - - -
Depreciation and depletion ......... - - - - - - 40 40
Other taxes ........................ (4) 48 - - - - 138 182
---- ---- ---- ---- ------ ------ ------ ------
Total Operating Expenses ............. 39 150 - - 89 208 5,421 5,907
---- ---- ---- ---- ------ ------ ------ ------
Operating Income (Loss) .............. (235) (608) - - 1,104 2,574 (30) 2,805
---- ---- ---- ---- ------ ------ ------ ------
Other Income (Deductions)
Interest income and other, net ..... 39 91 - - 2 4 1,132 1,268
Interest expense and related charges - - - - (12) (26) (190) (228)
---- ---- ---- ---- ------ ------ ------ ------
Total Other Income (Deductions) ...... 39 91 - - (10) (22) 942 1,040
---- ---- ---- ---- ------ ------ ------ ------
Income (Loss) before Income Taxes .... (196) (517) - - 1,094 2,552 912 3,845
Income Taxes ......................... (67) (176) - - 464 992 (788) 425
---- ---- ---- ---- ------ ------ ------ ------
Net Income (Loss) .................... (129) (341) - - 630 1,560 1,700 3,420
==== ==== ==== ==== ====== ====== ====== ======
</TABLE>
<PAGE> 50
F-3A (3 of 3)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-3A Page 3
VGC VLC RL FC TVC9 TVC10 Total
--- --- -- -- ---- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - - - -
Transportation ..................... - - - - - - -
Storage ............................ - - - - - - -
Other .............................. 87 787 1,350 - - - 2,224
-- --- ------ ---- ---- ---- ------
Total Operating Revenues ............. 87 787 1,350 - - - 2,224
-- --- ------ ---- ---- ---- ------
Operating Expenses
Products purchased ................. - - - - - - -
Operation .......................... 10 98 60 - - - 168
Maintenance ........................ - - - - - - -
Depreciation and depletion ......... - - - - - - -
Other taxes ........................ - - - - - - -
-- --- ------ ---- ---- ---- ------
Total Operating Expenses ............. 10 98 60 - - - 168
-- --- ------ ---- ---- ---- ------
Operating Income (Loss) .............. 77 689 1,290 - - - 2,056
-- --- ------ ---- ---- ---- ------
Other Income (Deductions)
Interest income and other, net ..... 9 86 8 - - - 103
Interest expense and related charges - - (148) - - - (148)
-- --- ------ ---- ---- ---- ------
Total Other Income (Deductions) ...... 9 86 (140) - - - (45)
-- --- ------ ---- ---- ---- ------
Income (Loss) before Income Taxes .... 86 775 1,150 - - - 2,011
Income Taxes ......................... 30 273 404 - - - 707
-- --- ------ ---- ---- ---- ------
Net Income (Loss) .................... 56 502 746 - - - 1,304
== === ====== ==== ==== ==== ======
</TABLE>
<PAGE> 51
F-3B (1 of 1)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
Consoli-
dating TCC
TGT TCC Combined Entries Consolidated
--- --- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - -
Transportation ..................... - - - - -
....
Storage ............................ - - - - -
Other .............................. - - - - -
---- --- ---- -- ----
Total Operating Revenues ............. - - - - -
---- --- ---- -- ----
Operating Expenses
Products purchased ................. - - - - -
Operation .......................... 13 4 17 - 17
Maintenance ........................ - - - - -
Depreciation and depletion ......... - - - - -
Other taxes ........................ - - - - -
---- --- ---- -- ----
Total Operating Expenses ............. 13 4 17 - 17
---- --- ---- -- ----
Operating Income (Loss) .............. (13) (4) (17) - (17)
---- --- ---- -- ----
Other Income (Deductions)
Interest income and other, net ..... (93) (67) (160) 69 (91)
Interest expense and related charges - - - - -
---- --- ---- -- ----
Total Other Income (Deductions) ...... (93) (67) (160) 69 (91)
---- --- ---- -- ----
Income (Loss) before Income Taxes .... (106) (71) (177) 69 (108)
Income Taxes ......................... (37) (1) (38) - (38)
---- --- ---- -- ----
Net Income (Loss) .................... (69) (70) (139) 69 (70)
==== === ==== == ====
</TABLE>
<PAGE> 52
F-3C (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CLG
CLNG CLG Combined Entries Consolidated
---- ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - -
Transportation ..................... - - - - -
Storage ............................ - - - - -
Other .............................. 41 5,800 5,841 (26) 5,815
-- ------ ------ --- ------
Total Operating Revenues ............. 41 5,800 5,841 (26) 5,815
-- ------ ------ --- ------
Operating Expenses
Products purchased ................. - - - - -
Operation .......................... 1 3,606 3,607 - 3,607
Maintenance ........................ - 442 442 - 442
Depreciation and depletion ......... - - - - -
Other taxes ........................ - 140 140 - 140
-- ------ ------ --- ------
Total Operating Expenses ............. 1 4,188 4,189 - 4,189
-- ------ ------ --- ------
Operating Income (Loss) .............. 40 1,612 1,652 (26) 1,626
-- ------ ------ --- ------
Other Income (Deductions)
Interest income and other, net ..... - 873 873 - 873
Interest expense and related charges - (11) (11) - (11)
-- ------ ------ --- ------
Total Other Income (Deductions) ...... - 862 862 - 862
-- ------ ------ --- ------
Income (Loss) before Income Taxes .... 40 2,474 2,514 (26) 2,488
Income Taxes ......................... 14 867 881 - 881
-- ------ ------ --- ------
Net Income (Loss) .................... 26 1,607 1,633 (26) 1,607
== ====== ====== === ======
</TABLE>
<PAGE> 53
F-3D (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Income Statement as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CES
CEM CSP CES Combined Entries Consolidated
------- ------ -------- -------- ------- ------------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... 85,034 - 687,785 772,819 (45,022) 727,797
Transportation ..................... - - - - - -
Storage ............................ - - - - - -
Other .............................. - 191 - 191 - 191
------- ------ -------- -------- ------- --------
Total Operating Revenues ............. 85,034 191 687,785 773,010 (45,022) 727,988
------- ------ -------- -------- ------- --------
Operating Expenses
Products purchased ................. 85,825 34 670,698 756,557 (45,022) 711,535
Operation .......................... - 1,213 9,992 11,205 - 11,205
Maintenance ........................ - - - - - -
Depreciation and depletion ......... - 22 307 329 - 329
Other taxes ........................ - 44 353 397 - 397
------- ------ -------- -------- ------- --------
Total Operating Expenses ............. 85,825 1,313 681,350 768,488 (45,022) 723,466
------- ------ -------- -------- ------- --------
Operating Income (Loss) .............. (791) (1,122) 6,435 4,522 - 4,522
------- ------ -------- -------- ------- --------
Other Income (Deductions)
Interest income and other, net ..... 530 11 735 1,276 - 1,276
Interest expense and related charges - - (902) (902) 881 (21)
------- ------ -------- -------- ------- --------
Total Other Income (Deductions) ...... 530 11 (167) 374 881 1,255
------- ------ -------- -------- ------- --------
Income (Loss) before Income Taxes .... (261) (1,111) 6,268 4,896 881 5,777
Income Taxes ......................... (102) (389) 2,853 2,362 - 2,362
------- ------ -------- -------- ------- --------
Net Income (Loss) .................... (159) (722) 3,415 2,534 881 3,415
======= ====== ======== ======== ======= ========
</TABLE>
<PAGE> 54
F-3E (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consolidating CNS
CMC CMS Combined Entries Consolidated
------------ ------------ ------------- -------------- ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales................................... - - - - -
Transportation.............................. - - - - -
Storage..................................... - - - - -
Other....................................... 91 - 91 - 91
------------ ------------ ------------- -------------- ------------
Total Operating Revenues...................... 91 - 91 - 91
------------ ------------ ------------- ---------------- ------------
Operating Expenses
Products purchased.......................... - - - - -
Operation................................... 139 20 159 - 159
Maintenance................................. - - - - -
Depreciation and depletion.................. 3 - 3 - 3
Other taxes................................. 4 - 4 - 4
------------ ------------ ------------- ---------------- ------------
Total Operating Expenses...................... 146 20 166 - 166
------------ ------------ ------------- ---------------- ------------
Operating Income (Loss)....................... (55) (20) (75) - (75)
============ ============ ============= ================ ============
Other Income (Deductions)
Interest income and other, net.............. - - - - -
Interest expense and related charges........ - - - - -
------------ ------------ ------------- ---------------- ------------
Total Other Income (Deductions)............... - - - - -
------------ ------------ ------------- ---------------- ------------
Income (Loss) before Income Taxes and
Extraordinary Items......................... (55) (20) (75) - (75)
Income Taxes.................................. (21) (7) (28) - (28)
------------ ------------ ------------- ---------------- ------------
Net Income (Loss)............................. (34) (13) (47) - (47)
============ ============ ============= ================ ============
</TABLE>
<PAGE> 55
F-4 (1 of 1)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Income Entries
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
----------- ------------ ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales ............................................. (149,569) (149,569) - - -
Transportation ........................................ (257,108) (257,108) - - -
Storage ............................................... (94,332) (94,332) - - -
Other ................................................. (91,840) (96,120) - - 4,280
----------- ----------- ----------- ----------- -----------
Total Operating Revenues ................................ (592,849) (597,129) - - 4,280
----------- ----------- ----------- ----------- -----------
Operating Expenses
Products purchased .................................... (504,578) (504,578) - - -
Operation ............................................. (99,998) (92,635) - - (7,363)
Maintenance ........................................... - - - - -
Depreciation and depletion ............................ 2,410 - 533 1,877 -
Other taxes ........................................... - - - - -
----------- ----------- ----------- ----------- -----------
Total Operating Expenses ................................ (602,166) (597,213) 533 1,877 (7,363)
----------- ----------- ----------- ----------- -----------
Operating Income (Loss) ................................. 9,317 84 (533) (1,877) 11,643
----------- ----------- ----------- ----------- -----------
Other Income (Deductions)
Interest income and other, net ........................ (373,534) (122,061) (245,622) - (5,851)
Interest expense and related charges .................. 122,061 122,061 - - -
----------- ----------- ----------- ----------- -----------
Total Other Income (Deductions) ......................... (251,473) - (245,622) - (5,851)
----------- ----------- ----------- ----------- -----------
Income (Loss) before Income Taxes ....................... (242,156) 84 (246,155) (1,877) 5,792
Income Taxes ............................................ 1,659 29 (187) (657) 2,474
----------- ----------- ----------- ----------- -----------
Net Income (Loss) ....................................... (243,815) 55 (245,968) (1,220) 3,318
=========== =========== =========== =========== ===========
</TABLE>
<PAGE> 56
F-4A (1 of 1)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Income Entries
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
------ ------------ ----------- ----------- ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - -
Transportation ..................... - - - - -
Storage ............................ - - - - -
Other .............................. (3,605) - (3,605) - -
------ ---- ------ ---- ----
Total Operating Revenues ............. (3,605) - (3,605) - -
------ ---- ------ ---- ----
Operating Expenses
Products purchased ................. - - - - -
Operation .......................... (581) - (581) - -
Maintenance ........................ - - - - -
Depreciation and depletion ......... - - - - -
Other taxes ........................ - - - - -
------ ---- ------ ---- ----
Total Operating Expenses ............. (581) - (581) - -
------ ---- ------ ---- ----
Operating Income (Loss) .............. (3,024) - (3,024) - -
------ ---- ------ ---- ----
Other Income (Deductions)
Interest income and other, net ..... (141) (141) - - -
Interest expense and related
charges ............................ 141 141 - - -
------ ---- ------ ---- ----
Total Other Income (Deductions) ...... - - - - -
------ ---- ------ ---- ----
Income (Loss) before Income Taxes .... (3,024) - (3,024) - -
Income Taxes ......................... - - - - -
------ ---- ------ ---- ----
Net Income (Loss) .................... (3,024) - (3,024) - -
====== ==== ====== ==== ====
</TABLE>
<PAGE> 57
F-4B (1 of 1)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Statement of Income Entries
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
----- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - -
Transportation ..................... - - - - -
Storage ............................ - - - - -
Other .............................. - - - - -
-- ---- -- ---- ----
Total Operating Revenues ............. - - - - -
-- ---- -- ---- ----
Operating Expenses
Products purchased ................. - - - - -
Operation .......................... - - - - -
Maintenance ........................ - - - - -
Depreciation and depletion ......... - - - - -
Other taxes ........................ - - - - -
-- ---- -- ---- ----
Total Operating Expenses ............. - - - - -
-- ---- -- ---- ----
Operating Income (Loss) .............. - - - - -
-- ---- -- ---- ----
Other Income (Deductions)
Interest income and other, net ..... 69 69 - -
Interest expense and related charges - - - - -
-- ---- -- ---- ----
Total Other Income (Deductions) ...... 69 - 69 - -
-- ---- -- ---- ----
Income (Loss) before Income Taxes .... 69 - 69 - -
Income Taxes ......................... - - - - -
-- ---- -- ---- ----
Net Income (Loss) .................... 69 - 69 - -
== ==== == ==== ====
</TABLE>
<PAGE> 58
F-4C (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Statement of Income Entries
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
----- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... - - - - -
Transportation ..................... - - - - -
Storage ............................ - - - - -
Other .............................. (26) - (26) - -
--- ---- --- ---- ----
Total Operating Revenues ............. (26) - (26) - -
--- ---- --- ---- ----
Operating Expenses
Products purchased ................. - - - - -
Operation .......................... - - - - -
Maintenance ........................ - - - - -
Depreciation and depletion ......... - - - - -
Other taxes ........................ - - - - -
--- ---- --- ---- ----
Total Operating Expenses ............. - - - - -
--- ---- --- ---- ----
Operating Income (Loss) .............. (26) - (26) - -
--- ---- --- ---- ----
Other Income (Deductions)
Interest income and other, net ..... - - - - -
Interest expense and related charges - - - - -
--- ---- --- ---- ----
Total Other Income (Deductions) ...... - - - - -
--- ---- --- ---- ----
Income (Loss) before Income Taxes .... (26) - (26) - -
Income Taxes ......................... - - - - -
--- ---- --- ---- ----
Net Income (Loss) .................... (26) - (26) - -
=== ==== === ==== ====
</TABLE>
<PAGE> 59
F-4D (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Income Statement Entries as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consoli- Entry No. 4
Intercompany Subsidiary dated Full Elimination/
Total Transactions Equity Cost Pool Adjustments
------- ------------ ------ --------- -----------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales .......................... (45,022) (45,022) - - -
Transportation ..................... - - - - -
Storage ............................ - - - - -
Other .............................. - - - - -
------- ------- --- ---- ----
Total Operating Revenues ............. (45,022) (45,022) - - -
------- ------- --- ---- ----
Operating Expenses
Products purchased ................. (45,022) (45,022) - - -
Operation .......................... - - - - -
Maintenance ........................ - - - - -
Depreciation and depletion ......... - - - - -
Other taxes ........................ - - - - -
------- ------- --- ---- ----
Total Operating Expenses ............. (45,022) (45,022) - - -
------- ------- --- ---- ----
Operating Income (Loss) .............. - - - - -
------- ------- --- ---- ----
Other Income (Deductions)
Interest income and other, net ..... - (881) 881 - -
Interest expense and related charges 881 881 - - -
------- ------- --- ---- ----
Total Other Income (Deductions) ...... 881 - 881 - -
------- ------- --- ---- ----
Income (Loss) before Income Taxes .... 881 - 881 - -
Income Taxes ......................... - - - - -
------- ------- --- ---- ----
Net Income (Loss) .................... 881 - 881 - -
======= ======= === ==== ====
</TABLE>
<PAGE> 60
F-4E (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidating Statement of Income
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Entry No. 3
Entry No. 1 Entry No. 2 Adjust to
Eliminate Eliminate Consolidated Entry No. 4
Intercompany Subsidiary Full Elimination/
Total Transactions Equity Cost Pool Adjustments
--------- ------------ ----------- ------------ ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues
Gas sales ................................................. - - - - -
Transportation ............................................ - - - - -
Storage ................................................... - - - - -
Other ..................................................... - - - - -
--------- ------------ ----------- ------------ ------------
Total Operating Revenues .................................... - - - - -
--------- ------------ ----------- ------------ ------------
Operating Expenses
Products purchased ........................................ - - - - -
Operation ................................................. - - - - -
Maintenance ............................................... - - - - -
Depreciation and depletion ................................ - - - - -
Other taxes ............................................... - - - - -
--------- ------------ ----------- ------------ ------------
Total Operating Expenses .................................... - - - - -
--------- ------------ ----------- ------------ ------------
Operating Income (Loss) ..................................... - - - - -
--------- ------------ ----------- ------------ ------------
Other Income (Deductions)
Interest income and other, net ............................ - - - - -
Interest expense and related charges ...................... - - - - -
--------- ------------ ----------- ------------ ------------
Total Other Income (Deductions) ............................. - - - - -
--------- ------------ ----------- ------------ ------------
Income (loss) before Income Taxes and Extraordinary Items ... - - - - -
Income Taxes ................................................ - - - - -
--------- ------------ ----------- ------------ ------------
Net Income (Loss) ........................................... - - - - -
========= ============ =========== ============ ============
</TABLE>
<PAGE> 61
F-5 (1 of 5)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
F-5 F-5 F-5 F-5 Consolidating
Page 2 Page 3 Page 4 Page 5 Combined Entries Consolidated
---------- ---------- ---------- ---------- ---------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year ... 451,850 751,467 23,097 16,975 1,243,389 (737,187) 506,202
Common stock issued -
Subsidiaries ................ 8,000 19,500 120 - 27,620 (27,620) -
Dividend reinvestment plan .. - - - - - - -
Long-term incentive plan .... - 3,096 - - 3,096 - 3,096
Public offering ............. - 43,338 - - 43,338 - 43,338
Recapitalization -
Reduction in par value ...... - - - - - - -
---------- ---------- ---------- ---------- ---------- ----------- -----------
Balance at end of year ......... 459,850 817,401 23,217 16,975 1,317,443 (764,807) 552,636
---------- ---------- ---------- ---------- ---------- ----------- -----------
Additional Paid in Capital
Balance at beginning of year ... 1,431,625 598,755 26,734 43,877 2,100,991 (1,504,130) 596,861
Common stock issued -
Subsidiaries ................ - - 880 - 880 (880) -
Dividend reinvestment plan .. - - - - - - -
Long-term incentive plan .... - 9,927 - - 9,927 - 9,927
Public offering ............. - 137,504 - - 137,504 - 137,504
Other ....................... - - - - - - -
Recapitalization -
Debt issuance ............... - - - - - - -
Dividends paid .............. - - - - - - -
Capital contributions ....... 144,084 - 1,940 1,483 147,507 (148,582) -
Reduction in par value ...... - - - - - - -
---------- ---------- ---------- ---------- ---------- ----------- -----------
Balance at end of year ......... 1,575,709 746,186 29,554 45,360 2,396,809 (1,653,592) 743,217
---------- ---------- ---------- ---------- ---------- ----------- -----------
Retained Earnings
Balance at beginning of year ... (777,565) 488,391 12,912 (19,488) (295,750) 365,578 69,828
Net income .................... 143,419 311,266 9,208 1,563 465,456 (243,815) 221,641
Common stock dividends -
CG .......................... - 32,212 - - 32,212 - 32,212
Subsidiaries (to CG) ........ 87,847 39,221 3,374 - 130,442 (130,442) -
Other ......................... - - - - - - -
---------- ---------- ---------- ---------- ---------- ----------- -----------
Balance at end of year ......... (721,993) 728,224 18,746 (17,925) 7,052 252,205 259,257
---------- ---------- ---------- ---------- ---------- ----------- -----------
Reacquired Capital Stock ........ - - - - - - -
Unearned Employee Compensation
Balance at beginning of year ... - - - - - - -
Adjustment .................... - (1,459) - - (1,459) - (1,459)
---------- ---------- ---------- ---------- ---------- ----------- -----------
Balance at end of year ......... - - - - - - -
---------- ---------- ---------- ---------- ---------- ----------- -----------
TOTAL COMMON STOCK EQUITY ....... 1,313,566 2,290,352 71,517 44,410 3,719,845 (2,166,194) 1,553,651
========== ========== ========== ========== ========== =========== ===========
</TABLE>
<PAGE> 62
F-5 (2 of 5)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-5 Page 2
CNR TCO CGT CLG (a) CKY Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year .............. 134,476 241,784 59,780 4 15,806 451,850
Common stock issued -
Subsidiaries ........................... - - - - 8,000 8,000
Dividend reinvestment plan ............. - - - - - -
Long-term incentive plan ............... - - - - - -
Public offering ........................ - - - - - -
Recapitalization -
Reduction in par value ................. - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year .................... 134,476 241,784 59,780 4 23,806 459,850
---------- ---------- ---------- ---------- ---------- ----------
Additional Paid in Capital
Balance at beginning of year .............. - 1,270,289 22,669 138,493 174 1,431,625
Common stock issued -
Subsidiaries ........................... - - - - - -
Dividend reinvestment plan ............. - - - - - -
Long-term incentive plan ............... - - - - - -
Public offering ........................ - - - - - -
Other .................................. - - - - - -
Recapitalization -
Debt issuance .......................... - - - - - -
Dividends paid ......................... - - - - - -
Capital contributions .................. 141,993 - - 2,091 - 144,084
Reduction in par value ................. - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year .................... 141,993 1,270,289 22,669 140,584 174 1,575,709
---------- ---------- ---------- ---------- ---------- ----------
Retained Earnings
Balance at beginning of year .............. (49,681) (658,926) 19,556 (126,554) 38,040 (777,565)
Net income ............................... 21,709 95,644 15,170 1,607 9,289 143,419
Cash dividends -
CG ..................................... - - - - - -
Subsidiaries (to CG) ................... 20,973 46,422 13,450 - 7,002 87,847
Other .................................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year .................... (48,945) (609,704) 21,276 (124,947) 40,327 (721,993)
---------- ---------- ---------- ---------- ---------- ----------
Reacquired Capital Stock ................... - - - - - -
Unearned Employee Compensation
Balance at beginning of year .............. - - - - - -
Adjustment ............................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year .................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
TOTAL COMMON STOCK EQUITY .................. 227,524 902,369 103,725 15,641 64,307 1,313,566
========== ========== ========== ========== ========== ==========
</TABLE>
(a) CLG includes one subsidiary as noted in Item 1. Consolidating financial
statements of CLG are presented herewith in Item 10, Exhibits F-1C through F-6C.
<PAGE> 63
F-5 (3 of 5)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-5 Page 3
CMD CPA COS COH CG Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year ................ 7,092 68,628 50,305 119,240 506,202 751,467
Common stock issued -
Subsidiaries ............................. 3,000 16,500 - - - 19,500
Dividend reinvestment plan ............... - - - - - -
Long-term incentive plan ................. - - - - 3,096 3,096
Public offering .......................... - - - - 43,338 43,338
Recapitalization -
Reduction in par value ................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...................... 10,092 85,128 50,305 119,240 552,636 817,401
---------- ---------- ---------- ---------- ---------- ----------
Additional Paid in Capital
Balance at beginning of year ................ - - 2,969 - 595,786 598,755
Common stock issued -
Subsidiaries ............................. - - - - - -
Dividend reinvestment plan ............... - - - - - -
Long-term incentive plan ................. - - - - 9,927 9,927
Public offering .......................... - - - - 137,504 137,504
Other .................................... - - - - - -
Recapitalization -
Debt issuance ............................ - - - - - -
Dividends paid ........................... - - - - - -
Capital contributions .................... - - - - - -
Reduction in par value ................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...................... - - 2,969 - 743,217 746,186
---------- ---------- ---------- ---------- ---------- ----------
Retained Earnings
Balance at beginning of year ................ 10,940 110,655 48,700 248,268 69,828 488,391
Net income ................................. 2,609 28,606 12,693 45,717 221,641 311,266
Common stock dividends -
CG ....................................... - - - - 32,212 32,212
Subsidiaries (to CG) ..................... 1,741 14,824 - 22,656 39,221
Other ...................................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...................... 11,808 124,437 61,393 271,329 259,257 728,224
---------- ---------- ---------- ---------- ---------- ----------
Reacquired Capital Stock ..................... - - - - - -
Unearned Employee Compensation
Balance at beginning of year ................ - - - - - -
Adjustment ................................. - - - - (1,459) (1,459)
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
TOTAL COMMON STOCK EQUITY .................... 21,900 209,565 114,667 390,569 1,553,651 2,290,352
========== ========== ========== ========== ========== ==========
</TABLE>
<PAGE> 64
F-5 (4 of 5)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-1 Page 4
CS CIC CES (a) CPC CPI Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year 13,000 - 4,197 3,900 2,000 23,097
Common stock issued -
Subsidiaries ............. - 120 - - - 120
Dividend reinvestment plan - - - - - -
Long-term incentive plan . - - - - - -
Public offering .......... - - - - - -
Recapitalization -
Reduction in par value ... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...... 13,000 120 4,197 3,900 2,000 23,217
---------- ---------- ---------- ---------- ---------- ----------
Additional Paid in Capital
Balance at beginning of year - - 26,336 - 398 26,734
Common stock issued -
Subsidiaries ............. - 880 - - - 880
Dividend reinvestment plan - - - - - -
Long-term incentive plan . - - - - - -
Public offering .......... - - - - - -
Other .................... - - - - - -
Recapitalization -
Debt issuance ............ - - - - - -
Dividends paid ........... - - - - - -
Capital contributions .... - - - 1,940 - 1,940
Reduction in par value ... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...... - 880 26,336 1,940 398 29,554
---------- ---------- ---------- ---------- ---------- ----------
Retained Earnings
Balance at beginning of year 176 - 7,379 (2,048) 7,405 12,912
Net income ................. 2,025 89 3,415 692 2,987 9,208
Common stock dividends -
CG ....................... - - - - - -
Subsidiaries (to CG) ..... 2,028 - - - 1,346 3,374
Other ...................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...... 173 89 10,794 (1,356) 9,046 18,746
---------- ---------- ---------- ---------- ---------- ----------
Reacquired Capital Stock ..... - - - - - -
Unearned Employee Compensation
Balance at beginning of year - - - - - -
Adjustment ................. - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Balance at end of year ...... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
TOTAL COMMON STOCK EQUITY .... 13,173 1,089 41,327 4,484 11,444 71,517
========== ========== ========== ========== ========== ==========
</TABLE>
(a) CES includes two subsidiaries as noted in Item 1. Consolidating financial
statements of CES are presented herewith in Item 10, Exhibits F-1D through F-6D.
<PAGE> 65
F-5 (5 of 5)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-5 Page 5
TVC (a) TCC (a) CAT CNS (a) Total
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year ........................... 15,293 1,000 82 600 16,975
Common stock issued -
Subsidiaries ........................................ - - - - -
Dividend reinvestment plan .......................... - - - - -
Long-term incentive plan ............................ - - - - -
Public offering ..................................... - - - - -
Recapitalization -
Reduction in par value .............................. - - - - -
---------- ---------- ---------- ---------- ----------
Balance at end of year ................................. 15,293 1,000 82 600 16,975
---------- ---------- ---------- ---------- ----------
Additional Paid in Capital
Balance at beginning of year ........................... 42,802 1,075 - - 43,877
Common stock issued -
Subsidiaries ........................................ - - - - -
Dividend reinvestment plan .......................... - - - - -
Long-term incentive plan ............................ - - - - -
Public offering ..................................... - - - - -
Other ............................................... - - - - -
Recapitalization -
Debt issuance ....................................... - - - - -
Dividends paid ...................................... - - - - -
Capital contributions ............................... - 1,075 1,483 - 2,558
Reduction in par value .............................. - - - - -
---------- ---------- ---------- ---------- ----------
Balance at end of year ................................. 42,802 1,075 1,483 - 45,360
---------- ---------- ---------- ---------- ----------
Retained Earnings
Balance at beginning of year ........................... (18,242) (358) (888) - (19,488)
Net income ............................................ 1,700 (70) (20) (47) 1,563
Common stock dividends -
CG .................................................. - - - - -
Subsidiaries (to CG) ................................ - - - - -
Other ................................................. - - - - -
---------- ---------- ---------- ---------- ----------
Balance at end of year ................................. (16,542) (428) (908) (47) (17,925)
---------- ---------- ---------- ---------- ----------
Reacquired Capital Stock ................................ - - - - -
Unearned Employee Compensation
Balance at beginning of year ........................... - - - - -
Adjustment ............................................ - - - - -
---------- ---------- ---------- ---------- ----------
Balance at end of year ................................. - - - - -
---------- ---------- ---------- ---------- ----------
TOTAL COMMON STOCK EQUITY ............................... 41,553 1,647 657 553 44,410
========== ========== ========== ========== ==========
</TABLE>
(a) TCC and CNS include on subsidiary and TVC includes twelve subsidiaries as
noted in Item 1. Consolidating financial statements of TCC, CNS and TVC are
presented herewith in Item 10, Exhibits F-1B through F-6B and F-1A through F-6A,
respectively.
<PAGE> 66
F-5A (1 of 3)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
F-5A F-5A Consolidating TVC
Page 2 Page 3 Combined Entries Consolidated
------ ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year 15,460 203 15,663 (370) 15,293
Common stock issued - ...... - - - - -
Subsidiaries ............. - - - - -
Dividend reinvestment plan - - - - -
Long-term incentive plan . - - - - -
Public offering .......... - - - - -
Recapitalization -
Reduction in par value ... - - - - -
------- ------ ------- ------- -------
Balance at end of year ...... 15,460 203 15,663 (370) 15,293
------- ------ ------- ------- -------
Additional Paid in Capital
Balance at beginning of
year ...................... 57,248 8,713 65,961 (23,159) 42,802
Common stock issued -
Subsidiaries ............. - - - - -
Dividend reinvestment
plan ................... - - - - -
Long-term incentive plan . - - - - -
Public offering .......... - - - - -
Other .................... - - - - -
Recapitalization -
Debt issuance ............ - - - - -
Dividends paid ........... (3,749) (1,100) (4,849) 4,849 -
Capital contributions .... - - - - -
------- ------ ------- ------- -------
Balance at end of year ...... 53,499 7,613 61,112 (18,310) 42,802
------- ------ ------- ------- -------
Retained Earnings
Balance at beginning of
year ...................... (16,006) (271) (16,277) (1,965) (18,242)
Net income (loss) .......... 3,420 1,304 4,724 (3,024) 1,700
Common stock dividends - ... - - - - -
CG ....................... - - - - -
Subsidiaries (to CG) ..... - - - - -
Other ...................... - - - - -
------- ------ ------- ------- -------
Balance at end of year ...... (12,586) 1,033 (11,553) (4,989) (16,542)
------- ------ ------- ------- -------
Unearned Employee Compensation
Balance at beginning of
year ...................... - - - - -
Adjustment ................. - - - - -
------- ------ ------- ------- -------
Balance at end of year ...... - - - - -
------- ------ ------- ------- -------
TOTAL COMMON STOCK EQUITY .... 56,373 8,849 65,222 (23,669) 41,553
======= ====== ======= ======= =======
</TABLE>
<PAGE> 67
F-5A (2 of 3)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-5A Page 2
BGC BLC GGC GLC PGC PLC TVC Total
------ ------ ---- ------ ----- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year 3 3 10 75 75 1 15,293 15,460
Common stock issued -
Subsidiaries ............. - - - - - - - -
Dividend reinvestment plan - - - - - - - -
Long-term incentive plan . - - - - - - - -
Public offering .......... - - - - - - - -
Recapitalization -
Reduction in par value ... - - - - - - - -
------ ------ ---- ------ ----- ----- ------- -------
Balance at end of year ..... 3 3 10 75 75 1 15,293 15,460
------ ------ ---- ------ ----- ----- ------- -------
Additional Paid in Capital
Balance at beginning of year 2,847 6,647 97 4,855 - - 42,802 57,248
Common stock issued -
Subsidiaries ............. - - - - - - - -
Dividend reinvestment plan - - - - - - - -
Long-term incentive plan . - - - - - - - -
Public offering .......... - - - - - - - -
Other .................... - - - - - - - -
Recapitalization -
Debt issuance ............ - - - - - - - -
Dividends paid ........... (1,100) (2,649) - - - - - (3,749)
Capital contributions .... - - - - - - - -
------ ------ ---- ------ ----- ----- ------- -------
Balance at end of year ..... 1,747 3,998 97 4,855 - - 42,802 53,499
------ ------ ---- ------ ----- ----- ------- -------
Retained Earnings
Balance at beginning of year 47 77 (107) (4,930) 2,070 5,079 (18,242) (16,006)
Net income (loss) .......... (129) (341) - - 630 1,560 1,700 3,420
Common stock dividends - ... - - - - - - - -
CG ....................... - - - - - - - -
Subsidiaries (to CG) ..... - - - - - - - -
Other ...................... - - - - - - - -
------ ------ ---- ------ ----- ----- ------- -------
Balance at end of year ..... (82) (264) (107) (4,930) 2,700 6,639 (16,542) (12,586)
------ ------ ---- ------ ----- ----- ------- -------
Unearned Employee Compensation
Balance at beginning of year - - - - - - - -
Adjustment ............... - - - - - - - -
------ ------ ---- ------ ----- ----- ------- -------
Balance at end of year ..... - - - - - - - -
------ ------ ---- ------ ----- ----- ------- -------
TOTAL COMMON STOCK EQUITY .... 1,668 3,737 - - 2,775 6,640 41,553 56,373
====== ====== ==== ====== ===== ===== ======= =======
</TABLE>
<PAGE> 68
F-5A (3 of 3)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-5A Page 3
VGC VLC RL FC TVC9 TVC10 Total
---- ------ ----- ---- ---- ----- ------
<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year 68 60 - 75 - - 203
Common stock issued -
Subsidiaries ............. - - - - - - -
Dividend reinvestment plan - - - - - - -
Long-term incentive plan . - - - - - - -
Public offering .......... - - - - - - -
Recapitalization -
Reduction in par value ... - - - - - - -
---- ------ ----- ---- ---- ---- ------
Balance at end of year ..... 68 60 - 75 - - 203
---- ------ ----- ---- ---- ---- ------
Additional Paid in Capital
Balance at beginning of year 825 7,001 - 887 - - 8,713
Common stock issued -
Subsidiaries ............. - - - - - - -
Dividend reinvestment plan - - - - - - -
Long-term incentive plan . - - - - - - -
Public offering .......... - - - - - - -
Other .................... - - - - - - -
Recapitalization -
Debt issuance ............ - - - - - - -
Dividends paid ........... (100) (1,000) - - - - (1,100)
Capital contributions .... - - - - - - -
---- ------ ----- ---- ---- ---- ------
Balance at end of year ..... 725 6,001 - 887 - - 7,613
---- ------ ----- ---- ---- ---- ------
Retained Earnings
Balance at beginning of year (159) (533) 1,383 (962) - - (271)
Net income (loss) .......... 56 502 746 - - - 1,304
Common stock dividends -
CG ....................... - - - - - - -
Subsidiaries (to CG) ..... - - - - - - -
Other ...................... - - - - - - -
---- ------ ----- ---- ---- ---- ------
Balance at end of year ..... (103) (31) 2,129 (962) - - 1,033
---- ------ ----- ---- ---- ---- ------
Unearned Employee Compensation
Balance at beginning of year - - - - - - -
Adjustment ............... - - - - - - -
---- ------ ----- ---- ---- ---- ------
Balance at end of year ..... - - - - - - -
---- ------ ----- ---- ---- ---- ------
TOTAL COMMON STOCK EQUITY .... 690 6,030 2,129 - - - 8,849
==== ====== ===== ==== ==== ==== ======
</TABLE>
<PAGE> 69
F-5B (1 of 1)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
Consoli-
dating TCC
TGT TCC Combined Entries Consolidated
------ ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year 1,000 1,000 2,000 (1,000) 1,000
Common stock issued -
Subsidiaries ............. - - - - -
Dividend reinvestment plan - - - - -
Long-term incentive plan . - - - - -
Public offering .......... - - - - -
------ ------ ------ ------ ------
Balance at end of year ..... 1,000 1,000 2,000 (1,000) 1,000
------ ------ ------ ------ ------
Additional Paid in Capital
Balance at beginning of year 1,000 1,075 2,075 (1,000) 1,075
Common stock issued -
Subsidiaries ............. - - - - -
Dividend reinvestment plan - - - - -
Long-term incentive plan . - - - - -
Public offering .......... - - - - -
Other .................... - - - - -
Recapitalization -
Capital contributions .... - - - - -
Reduction in par value ... - - - - -
------ ------ ------ ------ ------
Balance at end of year ..... 1,000 1,075 2,075 (1,000) 1,075
------ ------ ------ ------ ------
Retained Earnings
Balance at beginning of year (343) (358) (701) 343 (358)
Net income (loss) .......... (69) (70) (139) 69 (70)
Common stock dividends -
CG ....................... - - - - -
Subsidiaries (to CG) ..... - - - - -
Other ...................... - - - - -
------ ------ ------ ------ ------
Balance at end of year ..... (412) (428) (840) 412 (428)
------ ------ ------ ------ ------
Reacquired Capital Stock ..... - - - - -
Unearned Employee Compensation
Balance at beginning of year - - - - -
Adjustment ................. - - - - -
------ ------ ------ ------ ------
Balance at end of year ..... - - - - -
------ ------ ------ ------ ------
TOTAL COMMON STOCK EQUITY .... 1,588 1,647 3,235 (1,588) 1,647
====== ====== ====== ====== ======
</TABLE>
<PAGE> 70
F-5C (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CLG
CLNG CLG Combined Entries Consolidated
---- -------- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year - 4 4 - 4
Common stock issued -
Subsidiaries ............. - - - - -
Dividend reinvestment plan - - - - -
Long-term incentive plan . - - - - -
Public offering .......... - - - - -
Recapitalization -
Reduction in par value ... - - - - -
---- -------- -------- ---- --------
Balance at end of year ..... - 4 4 - 4
---- -------- -------- ---- --------
Additional Paid in Capital
Balance at beginning of year 155 138,493 138,648 (155) 138,493
Common stock issued -
Subsidiaries ............. - - - - -
Dividend reinvestment plan - - - - -
Long-term incentive plan . - - - - -
Public offering .......... - - - - -
Other .................... - - - - -
Recapitalization -
Capital contributions .... - 2,091 2,091 - 2,091
Reduction in par value ... - - - - -
---- -------- -------- ---- --------
Balance at end of year ..... 155 140,584 140,739 (155) 140,584
---- -------- -------- ---- --------
Retained Earnings
Balance at beginning of year (10) (126,554) (126,564) 10 (126,554)
Net income (loss) .......... 26 1,607 1,633 (26) 1,607
Common stock dividends -
CG ....................... - - - - -
Subsidiaries (to CG) ..... - - - - -
Other ...................... - - - - -
---- -------- -------- ---- --------
Balance at end of year ..... 16 (124,947) (124,931) (16) (124,947)
---- -------- -------- ---- --------
Reacquired Capital Stock ..... - - - - -
Unearned Employee Compensation
Balance at beginning of year - - - - -
Adjustment ................. - - - - -
---- -------- -------- ---- --------
Balance at end of year ..... - - - - -
---- -------- -------- ---- --------
TOTAL COMMON STOCK EQUITY .... 171 15,641 15,812 (171) 15,641
==== ======== ======== ==== ========
</TABLE>
<PAGE> 71
F-5D (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Statement of Common Stock Equity as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CES
CEM CSP CES Combined Entries Consolidated
------ ------ ------ --------- ------- ------------
<S> <C> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year 1,010 - 4,197 5,207 (1,010) 4,197
Common stock issued -
Subsidiaries ............. - 1,000 - 1,000 (1,000) -
Dividend reinvestment plan - - - - - -
Long-term incentive plan . - - - - - -
Public offering .......... - - - - - -
Recapitalization - ......... - - - - -
Reduction in par value ... - - - - - -
------ ------ ------ ------ ------ ------
Balance at end of year ...... 1,010 1,000 4,197 6,207 (2,010) 4,197
------ ------ ------ ------ ------ ------
Additional Paid in Capital
Balance at beginning of year - - 26,336 26,336 - 26,336
Common stock issued -
Subsidiaries ............. - - - - - -
Dividend reinvestment plan - - - - - -
Long-term incentive plan . - - - - - -
Public offering .......... - - - - - -
Other .................... - - - - - -
Recapitalization -
Debt issuance ............ - - - - - -
Dividends paid ........... - - - - - -
Capital contributions .... - - - - - -
Reduction in par value ... - - - - - -
------ ------ ------ ------ ------ ------
Balance at end of year ...... - - 26,336 26,336 - 26,336
------ ------ ------ ------ ------ ------
Retained Earnings
Balance at beginning of year 149 - 7,379 7,528 (149) 7,379
Net income (loss) ........... (159) (722) 3,415 2,534 881 3,415
Common stock dividends -
CG ....................... - - - - - -
Subsidiaries (to CG) ..... - - - - - -
Other ...................... - - - - - -
------ ------ ------ ------ ------ ------
Balance at end of year ...... (10) (722) 10,794 10,062 732 10,794
------ ------ ------ ------ ------ ------
Reacquired Capital Stock ..... - - - - - -
Unearned Employee Compensation
Balance at beginning of year - - - - - -
Adjustment ................. - - - - - -
------ ------ ------ ------ ------ ------
Balance at end of year ...... - - - - - -
------ ------ ------ ------ ------ ------
TOTAL COMMON STOCK EQUITY .... 1,000 278 41,327 42,605 (1,278) 41,327
====== ====== ====== ====== ====== ======
</TABLE>
<PAGE> 72
F-5E (1 of 1)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidating Statement of Common Stock Equity
Year Ended December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CNS
CMC CNS Combined Entries Consolidated
--- --- -------- -------- ------------
<S> <C> <C> <C> <C> <C>
Common Stock
Balance at beginning of year ............................... 300 600 900 (300) 600
Common stock issued -
Subsidiaries ............................................. - - - - -
Dividend reinvestment plan ............................... - - - - -
Long-term incentive plan ................................. - - - - -
Public offering .......................................... - - - - -
Recapitalization -
Reduction in par value ................................... - - - - -
--- --- --- ---- ---
Balance at end of year ..................................... 300 600 900 (300) 600
--- --- --- ---- ---
Additional Paid in Capital
Balance at beginning of year .............................. - - - - -
Common stock issued -
Subsidiaries ............................................ - - - - -
Dividend reinvestment plan .............................. - - - - -
Long-term incentive plan ................................ - - - - -
Public offering ......................................... - - - - -
Other ................................................... - - - - -
Recapitalization -
Debt issuance ........................................... - - - - -
Dividends paid .......................................... - - - - -
Capital contributions ................................... - - - - -
Reduction in par value .................................. - - - - -
--- --- --- ---- ---
Balance at end of year .................................... - - - - -
--- --- --- ---- ---
Retained Earnings
Balance at beginning of year .............................. - - - - -
Net income (loss) ......................................... (34) (13) (47) - (47)
Common stock dividends -
CG ...................................................... - - - - -
Subsidiaries (to CG) .................................... - - - - -
Other ..................................................... - - - - -
--- --- --- ---- ---
Balance at end of year..................................... (34) (13) (47) - (47)
--- --- --- ---- ---
Reacquired Capital Stock .................................... - - - - -
Unearned Employee Compensation
Balance at beginning of year .............................. - - - - -
Adjustment ................................................ - - - - -
--- --- --- ---- ---
Balance at end of year .................................... - - - - -
--- --- --- ---- ---
TOTAL COMMON STOCK EQUITY ................................... 266 587 853 (300) 553
=== === === ==== ===
</TABLE>
<PAGE> 73
F-6 (1 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
F-6 F-6 F-6 F-6 dating Consoli-
Page 2 Page 3 Page 4 Page 5 Combined Entries dated
-------- -------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6 Page
6 for detail) ............................ 586,229 (119,259) 5,489 (2,166) 470,293 (7,509) 462,784
-------- -------- -------- -------- -------- -------- --------
Investment Activities
Capital expenditures ...................... (165,832) (139,424) (11,216) (230) (316,702) 293 (316,409)
Sale of partnership interest .............. 2,700 187,854 - - 190,554 - 190,554
Other investments - net ................... 1,729 - - 12,533 14,262 - 14,262
-------- -------- -------- -------- -------- -------- --------
Net Investment Activities ................... (161,403) 48,430 (11,216) 12,303 (111,886) 293 (111,593)
-------- -------- -------- -------- -------- -------- --------
Financing Activities
Dividends paid ............................ (87,847) 59,012 (3,375) - (32,210) (1) (32,211)
Issuance (retirement) of revolving
credit agreement ........................ - (88,879) - - (88,879) - (88,879)
Capital contributions ..................... - - - - - - -
Retirement of long-term debt .............. (252,534) (92,367) 2,579 - (342,322) (58,658) (400,980)
Issuance of common stock -
Issued by Registrant .................... - 250,792 - - 250,792 - 250,792
Issued by Subsidiary to Registrant ...... 8,000 (34,600) 26,000 600 - - -
Issuance of long-term debt -
Issued by Registrant .................... - - - - - - -
Issued by Subsidiary to Registrant ...... - - - - - - -
Net short-term intrasystem financing ...... (48,713) 174,749 (1,650) - 124,386 (124,386) -
Increase (decrease) in
short-term debt and other
financing activities .................... (27,215) (13,098) 2,269 - (38,044) 2 (38,042)
-------- -------- -------- -------- -------- -------- --------
Net Financing Activities .................... (408,309) 255,609 25,823 600 (126,277) (183,043) (309,320)
-------- -------- -------- -------- -------- -------- --------
Increase in cash and
temporary cash investments ............... 16,517 184,780 20,096 10,737 232,130 (190,259) 41,871
Cash and temporary cash investments at
beginning of year .......................... 46,464 47,433 9,870 9,723 113,490 (105,525) 7,965
-------- -------- -------- -------- -------- -------- --------
Cash and temporary cash investments at
end of year (a) ............................ 62,981 232,213 29,966 20,460 345,620 (295,784) 49,836
-------- -------- -------- -------- -------- -------- --------
Supplemental Disclosures of
Cash Flow Information
Cash paid for interest .................... 65,789 13,904 1,812 (716) 80,789 - 80,789
Cash paid for income taxes (net of refunds) (166,040) 59,303 11,897 1,490 (93,350) - (93,350)
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 74
F-6 (2 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6 Page 2
CNR TCO CGT CLG (b) CKY Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6 Page
7 for detail) ................................ 31,151 541,081 30,889 (8,503) (8,389) 586,229
---------- ---------- ---------- ---------- ---------- ----------
Investment Activities
Capital expenditures ......................... (11,136) (118,516) (25,354) - (10,826) (165,832)
Sale of partnership interest ................. - - 2,700 - - 2,700
Other investments - net ...................... - - - 1,729 - 1,729
---------- ---------- ---------- ---------- ---------- ----------
Net Investment Activities ...................... (11,136) (118,516) (22,654) 1,729 (10,826) (161,403)
---------- ---------- ---------- ---------- ---------- ----------
Financing Activities
Dividends paid ............................... (20,973) (46,422) (13,450) - (7,002) (87,847)
Issuance (retirement) of
revolving credit agreement ................. - - - - - -
Capital contributions ........................ - - - - - -
Retirement of long-term debt ................. (5,909) (257,098) (1,752) - 12,225 (252,534)
Issuance of common stock -
Issued by Registrant ....................... - - - - - -
Issued by Subsidiary to Registrant ......... - - - - 8,000 8,000
Issuance of long-term debt -
Issued by Registrant ....................... - - - - - -
Issued by Subsidiary to Registrant ......... - - - - - -
Net short-term intrasystem financing ......... - (54,000) - - 5,287 (48,713)
Increase (decrease) in short-term
debt and other financing activities ......... - (26,293) (2,063) - 1,141 (27,215)
---------- ---------- ---------- ---------- ---------- ----------
Net Financing Activities ....................... (26,882) (383,813) (17,265) - 19,651 (408,309)
---------- ---------- ---------- ---------- ---------- ----------
Increase in cash and
temporary cash investments ................... (6,867) 38,752 (9,030) (6,774) 436 16,517
Cash and temporary cash investments at
beginning of year ............................. 23,429 1,006 10,266 11,321 442 46,464
---------- ---------- ---------- ---------- ---------- ----------
Cash and temporary cash investments at
end of year (a) ............................... 16,562 39,758 1,236 4,547 878 62,981
---------- ---------- ---------- ---------- ---------- ----------
Supplemental Disclosures of
Cash Flow Information
Cash paid for interest ....................... 2,918 53,523 5,831 (219) 3,736 65,789
Cash paid for income taxes (net of refunds) .. 10,614 (209,848) 30,056 396 2,742 (166,040)
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
(b) CLG includes one subsidiary as noted in Item 1. Consolidating financial
statements of CLG are presented herewith in Item 10, Exhibits F-1C through F-6C.
<PAGE> 75
F-6 (3 of 10)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-6 Page 3
COH CMD CPA COS CG Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6
Page 8 for detail) ........................... (45,039) 1,190 (23,955) (3,172) (48,283) (119,259)
---------- ---------- ---------- ---------- ---------- ----------
Investment Activities
Capital expenditures ......................... (72,634) (4,938) (26,727) (35,125) - (139,424)
Sale of partnership interest ................. - - - - 187,854 187,854
Other investments - net ...................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Net Investment Activities ...................... (72,634) (4,938) (26,727) (35,125) 187,854 48,430
---------- ---------- ---------- ---------- ---------- ----------
Financing Activities
Dividends paid ............................... (22,656) (1,741) (14,823) - 98,232 59,012
Issuance (retirement) of
revolving credit agreement .................. - - - - (88,879) (88,879)
Capital contributions ........................ - - - - - -
Retirement of long-term debt ................. 59,769 3,989 20,874 25,955 (202,954) (92,367)
Issuance of common stock -
Issued by Registrant ....................... - - - - 250,792 250,792
Issued by Subsidiary to Registrant ......... - 3,000 16,500 - (54,100) (34,600)
Issuance of long-term debt -
Issued by Registrant ....................... - - - - - -
Issued by Subsidiary to Registrant ......... - - - - - -
Net short-term intrasystem financing ......... 85,288 (2,027) 26,645 10,843 54,000 174,749
Increase (decrease) in short-term
debt and other financing activities ......... (3,104) 447 1,616 1,475 (13,532) (13,098)
---------- ---------- ---------- ---------- ---------- ----------
Net Financing Activities ....................... 119,297 3,668 50,812 38,273 43,559 255,609
---------- ---------- ---------- ---------- ---------- ----------
Increase in cash and
temporary cash investments .................... 1,624 (80) 130 (24) 183,130 184,780
Cash and temporary cash investments at
beginning of year ............................. 4,182 117 1,225 673 41,236 47,433
---------- ---------- ---------- ---------- ---------- ----------
Cash and temporary cash investments at
end of year (a) ............................... 5,806 37 1,355 649 224,366 232,213
---------- ---------- ---------- ---------- ---------- ----------
Supplemental Disclosures of
Cash Flow Information
Cash paid for interest ....................... 29,801 1,283 13,405 7,504 (38,089) 13,904
Cash paid for income taxes (net of refunds) .. 35,099 2,108 11,537 1,972 8,587 59,303
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 76
F-6 (4 of 10)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-6 Page 4
CS CIC CES (b) CPC CPI Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6 Page 9
for detail) ................................... 17,055 4,547 (23,196) 712 6,371 5,489
---------- ---------- ---------- ---------- ---------- ----------
Investment Activities
Capital expenditures .......................... (5,196) - (805) (799) (4,416) (11,216)
Sale of partnership interest .................. - - - - - -
Other investments - net ....................... - - - - - -
---------- ---------- ---------- ---------- ---------- ----------
Net Investment Activities ....................... (5,196) - (805) (799) (4,416) (11,216)
---------- ---------- ---------- ---------- ---------- ----------
Financing Activities
Dividends paid ................................ (2,029) - - - (1,346) (3,375)
Issuance (retirement) of
revolving credit agreement ................... - - - - - -
Capital contributions ......................... - - - - - -
Retirement of long-term debt .................. (78) - (169) (434) 3,260 2,579
Issuance of common stock -
Issued by Registrant ........................ - - - - - -
Issued by Subsidiary to Registrant .......... - 1,000 25,000 - - 26,000
Issuance of long-term debt -
Issued by Registrant ........................ - - - - - -
Issued by Subsidiary to Registrant .......... - - - - - -
Net short-term intrasystem financing .......... - - - 708 (2,358) (1,650)
Increase (decrease) in short-term
debt and other financing activities .......... 1,371 - 1,406 (116) (392) 2,269
---------- ---------- ---------- ---------- ---------- ----------
Net Financing Activities ........................ (736) 1,000 26,237 158 (836) 25,823
---------- ---------- ---------- ---------- ---------- ----------
Increase in cash and
temporary cash investments ..................... 11,123 5,547 2,236 71 1,119 20,096
Cash and temporary cash investments at
beginning of year .............................. 7,377 - 1,824 50 619 9,870
---------- ---------- ---------- ---------- ---------- ----------
Cash and temporary cash investments at
end of year (a) ................................ 18,500 5,547 4,060 121 1,738 29,966
---------- ---------- ---------- ---------- ---------- ----------
Supplemental Disclosures of
Cash Flow Information
Cash paid for interest ........................ 1,485 - (767) 221 873 1,812
Cash paid for income taxes (net of refunds) ... 6,421 - 2,804 466 2,206 11,897
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
(b) CES includes two subsidiaries as noted in Item 1. Consolidating financial
statements of CES are presented herewith in Item 10, Exhibits F-1D through F-6D.
<PAGE> 77
F-6 (5 of 10)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-6 Page 5
TVC (b) TCC (b) CAT CNS (b) Total
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6
Page 10 for detail) ........................................ (2,171) 29 4 (28) (2,166)
---------- ---------- ---------- ---------- ----------
Investment Activities
Capital expenditures ....................................... - - - (230) (230)
Sale of partnership interest ............................... - - - - -
Other investments - net .................................... 12,533 - - - 12,533
---------- ---------- ---------- ---------- ----------
Net Investment Activities .................................... 12,533 - - (230) 12,303
---------- ---------- ---------- ---------- ----------
Financing Activities
Dividends paid ............................................. - - - - -
Issuance (retirement) of
revolving credit agreement ................................ - - - - -
Capital contributions ...................................... - - - - -
Retirement of long-term debt ............................... - - - - -
Issuance of common stock -
Issued by Registrant ..................................... - - - - -
Issued by Subsidiary to Registrant ....................... - - - 600 600
Issuance of long-term debt -
Issued by Registrant ..................................... - - - - -
Issued by Subsidiary to Registrant ....................... - - - - -
Net short-term intrasystem financing ....................... - - - - -
Increase (decrease) in short-term
debt and other financing activities ....................... - - - - -
---------- ---------- ---------- ---------- ----------
Net Financing Activities ..................................... - - - 600 600
---------- ---------- ---------- ---------- ----------
Increase in cash and temporary cash investments .............. 10,362 29 4 342 10,737
Cash and temporary cash investments at
beginning of year ........................................... 8,995 79 649 - 9,723
---------- ---------- ---------- ---------- ----------
Cash and temporary cash investments at
end of year (a) ............................................. 19,357 108 653 342 20,460
---------- ---------- ---------- ---------- ----------
Supplemental Disclosures of Cash
Flow Information
Cash paid for interest ..................................... (680) - (36) - (716)
Cash paid for income taxes (net of refunds) ................ 1,566 (42) (34) - 1,490
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
(b) TVC includes twelve subsidiaries and both TCC and CNS include one subsidiary
as noted in Item 1. Consolidating financial statements of TVC, TCC and CNS are
presented herewith in Item 10, Exhibits F-1A through F-6A, F-1B through F-6B and
F-1E through F-6E, respectively.
<PAGE> 78
F-6 (6 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
F-6 F-6 F-6 F-6 dating Consoli-
Page 7 Page 8 Page 9 Page 10 Combined Entries dated
-------- -------- -------- ------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 143,419 311,266 11,654 1,563 467,902 (246,261) 221,641
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - (238,027) - - (238,027) 238,027 -
Depreciation and depletion ..................... 136,441 67,529 8,757 3 212,730 2,410 215,140
Deferred income taxes .......................... 29,126 48,282 631 193 78,232 (175) 78,057
Reapplication of SFAS 71 ....................... - - - - - - -
Other - net ...................................... 12,544 (12,771) (3,471) (3,897) (7,595) (3,116) (10,711)
Changes in Components of working capital:
Accounts receivable ............................ 287,875 (36,423) (143,229) (479) 107,744 (171,993) (64,249)
Income tax refunds receivable .................. - - - - - 271,532 271,532
Gas inventory .................................. (6,299) (59,274) - - (65,573) - (65,573)
Prepayments .................................... (1,872) (774) (15,991) - (18,637) 2,299 (16,338)
Accounts payable ............................... 3,186 (61,507) 144,468 408 86,555 74,201 160,756
Accrued taxes .................................. (19,747) 28,027 (3,391) (719) 4,170 (89,676) (85,506)
Accrued interest ............................... 506 1,016 32 127 1,681 (73,135) (71,454)
Estimated rate refunds ......................... 55,204 (37,395) - - 17,809 - 17,809
Estimated supplier obligations ................. (63,241) - - - (63,241) - (63,241)
Under/Overrecovered gas costs .................. (18,740) (127,539) - - (146,279) - (146,279)
Exchange gas payable ........................... 35,969 20,260 - - 56,229 (9,323) 46,906
Other working capital .......................... (8,142) (21,929) 6,029 635 (23,407) (2,299) (25,706)
-------- -------- -------- ------ -------- -------- --------
Net Cash From Operations ........................... 586,229 (119,259) 5,489 (2,166) 470,293 (7,509) 462,784
======== ======== ======== ====== ======== ======== ========
</TABLE>
<PAGE> 79
F-6 (7 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6 Page 7
CNR TCO CGT CLG (a) CKY Total
------- -------- ------- ------ ------- --------
<S> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income ....................................... 21,709 95,644 15,170 1,607 9,289 143,419
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - - -
Depreciation and depletion ..................... 26,945 80,845 21,767 - 6,884 136,441
Deferred income taxes .......................... (6,726) 24,276 1,937 (259) 9,898 29,126
Reapplication of SFAS 71 ....................... - - - - - -
Other - net ...................................... (654) 17,644 (764) (2,083) (1,599) 12,544
Changes in Components of working capital:
Accounts receivable ............................ (4,434) 306,748 (10,023) 148 (4,564) 287,875
Gas inventory .................................. - - - - (6,299) (6,299)
Prepayments .................................... (577) (1,270) (46) 3 18 (1,872)
Accounts payable ............................... 543 (9,013) 4,298 (123) 7,481 3,186
Accrued taxes .................................. 5,398 (3,883) (16,397) 661 (5,526) (19,747)
Accrued interest ............................... 860 (266) (295) 33 174 506
Estimated rate refunds ......................... - 59,034 460 - (4,290) 55,204
Estimated supplier obligations ................. - (63,241) - - - (63,241)
Under/Overrecovered gas costs .................. - - - - (18,740) (18,740)
Exchange gas payable ........................... - 29,156 5,403 - 1,410 35,969
Other working capital .......................... (11,913) 5,407 9,379 (8,490) (2,525) (8,142)
------- -------- ------- ------ ------- --------
Net Cash From Operations ........................... 31,151 541,081 30,889 (8,503) (8,389) 586,229
======= ======== ======= ====== ======= ========
</TABLE>
(a) CLG includes one subsidiary as noted in Item 1. Consolidating financial
statements of CLG are presented herewith in Item 10, Exhibits F-1C through F-6C.
<PAGE> 80
F-6 (8 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6 Page 8
COH CMD CPA COS CG Total
------- ------ ------- ------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 45,717 2,609 28,606 12,693 221,641 311,266
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - (238,027) (238,027)
Depreciation and depletion ..................... 42,203 2,493 14,363 8,470 67,529
Deferred income taxes .......................... 33,477 113 25,113 9,883 (20,304) 48,282
Reapplication of SFAS 71 ....................... - - - - - -
Other - net ...................................... (18,100) 110 (4,565) (3,409) 13,193 (12,771)
Changes in Components of working capital:
Accounts receivable ............................ (46,350) (2,315) (14,955) (1,443) 28,640 (36,423)
Gas inventory .................................. (26,926) (2,159) (24,185) (6,004) - (59,274)
Prepayments .................................... (562) (80) 250 (324) (58) (774)
Accounts payable ............................... 41,000 2,865 20,890 2,915 (129,177) (61,507)
Accrued taxes .................................. (35,653) (932) (7,053) (4,333) 75,998 28,027
Accrued interest ............................... 696 1 270 3 46 1,016
Estimated rate refunds ......................... (17,258) (1,014) (13,648) (5,475) - (37,395)
Estimated supplier obligations ................. - - - - - -
Under/Overrecovered gas costs .................. (58,342) (668) (55,934) (12,595) - (127,539)
Exchange gas payable ........................... 20,556 331 3,145 (3,772) - 20,260
Other working capital .......................... (25,497) (164) 3,748 219 (235) (21,929)
------- ------ ------- ------- -------- --------
Net Cash From Operations ........................... (45,039) 1,190 (23,955) (3,172) (48,283) (119,259)
======= ====== ======= ======= ======== ========
</TABLE>
<PAGE> 81
F-6 (9 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6 Page 9
CS CIC CES (a) CPC CPI Total
------- ------ -------- ---- ------ --------
<S> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 4,471 89 3,415 692 2,987 11,654
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - - -
Depreciation and depletion ..................... 5,711 - 329 765 1,952 8,757
Deferred income taxes .......................... 174 (133) (56) (83) 729 631
Reapplication of SFAS 71 ....................... - - - - - -
Other - net ...................................... (5,544) - 1,715 (278) 636 (3,471)
Changes in Components of working capital:
Accounts receivable ............................ 304 - (139,721) (304) (3,508) (143,229)
Gas inventory .................................. - - - - - -
Prepayments .................................... 272 (33) (16,405) (4) 179 (15,991)
Accounts payable ............................... 12,205 29 125,189 388 6,657 144,468
Accrued taxes .................................. (3,013) 181 581 42 (1,182) (3,391)
Accrued interest ............................... 20 - 4 8 - 32
Estimated rate refunds ......................... - - - - - -
Estimated supplier obligations ................. - - - - - -
Under/Overrecovered gas costs .................. - - - - - -
Exchange gas payable ........................... - - - - - -
Other working capital .......................... 2,455 4,414 1,753 (514) (2,079) 6,029
------- ------ -------- ---- ------ --------
Net Cash From Operations ........................... 17,055 4,547 (23,196) 712 6,371 5,489
======= ====== ======== ==== ====== ========
</TABLE>
(a) CES includes two subsidiaries as noted in Item 1. Consolidating financial
statements of CES are presented herewith in Item 10, Exhibits F-1D through F-6D.
<PAGE> 82
F-6 (10 of 10)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6 Page 10
TVC (a) TCC (a) CAT CNS (a) Total
------ ------- --- ------- ------
<S> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 1,700 (70) (20) (47) 1,563
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - -
Depreciation and depletion ..................... - - - 3 3
Deferred income taxes .......................... 181 35 5 (28) 193
Reapplication of SFAS 71 ....................... - - - - -
Other - net ...................................... (3,986) 96 (2) (5) (3,897)
Changes in Components of working capital:
Accounts receivable ............................ (455) - 4 (28) (479)
Gas inventory .................................. - - - - -
Prepayments .................................... - - - - -
Accounts payable ............................... 347 - - 61 408
Accrued taxes .................................. (705) (32) 17 1 (719)
Accrued interest ............................... 127 - - - 127
Estimated rate refunds ......................... - - - - -
Estimated supplier obligations ................. - - - - -
Under/Overrecovered gas costs .................. - - - - -
Exchange gas payable ........................... - - - - -
Other working capital .......................... 620 - - 15 635
------ --- --- --- ------
Net Cash From Operations ........................... (2,171) 29 4 (28) (2,166)
====== === === === ======
</TABLE>
(a) TVC includes twelve subsidiaries and both TCC and CNS include one subsidiary
as noted in Item 1. Consolidating financial statements of TVC, TCC and CNS are
presented herewith in Item 10, Exhibits F-1A through F-6A, F-1B through F-6B and
F-1E through F-6E, respectively.
<PAGE> 83
F-6A (1 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6A F-6A Consolidating TVC
Page 2 Page 3 Combined Entries Consolidated
------- ------- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6A Page 4 for detail) (1,305) 2,158 853 (3,024) (2,171)
Investment Activities
Capital expenditures .............................. 12,533 - 12,533 - 12,533
Sale of partnership interest ...................... - - - - -
Other investments - net ........................... - - - - -
------- ------- ------- ------ -------
Net Investment Activities ........................... 12,533 - 12,533 - 12,533
------- ------- ------- ------ -------
Financing Activities
Dividends paid .................................... - - - - -
Issuance (retirement) of revolving credit agreement - - - - -
Capital contributions ............................. - - - - -
Retirement of long-term debt ...................... - - - - -
Issuance of common stock -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - - -
Issuance of long-term debt -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - - -
Net short-term intrasystem financing .............. - - - - -
Increase (decrease) in short-term debt and other
financing activities ............................. - - - - -
------- ------- ------- ------ -------
Net Financing Activities ............................ - - - - -
Increase in cash and temporary cash investments ..... 11,228 2,158 13,386 (3,024) 10,362
Cash and temporary cash investments at
beginning of year .................................. 5,496 8,862 14,358 (5,363) 8,995
------- ------- ------- ------ -------
Cash and temporary cash investments at
end of year (a) .................................... 16,724 11,020 27,744 (8,387) 19,357
======= ======= ======= ====== =======
Supplemental Disclosures of Cash Flow Information
Cash paid for interest ........................... (615) (65) (680) - (680)
Cash paid for income tax (net of refunds) ........ 1,087 479 1,566 - 1,566
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 84
F-6A (2 of 6)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-6A Page 2
BGC BLC GGC GLC PGC PLC TVC Total
------ ------ --- ------ ----- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6A Page 5 for
detail)............................................ (77) (199) - - 235 541 (1,805) (1,305)
Investment Activities
Capital expenditures .............................. - - - - - - 12,533 12,533
Sale of partnership interest ...................... - - - - - - - -
Other investments - net ........................... - - - - - - - -
------ ------ --- ------ ----- ----- ------- -------
Net Investment Activities ........................... - - - - - - 12,533 12,533
------ ------ --- ------ ----- ----- ------- -------
Financing Activities
Dividends paid .................................... - - - - - - - -
Issuance (retirement) of revolving credit
agreement........................................ - - - - - - - -
Capital contributions ............................. - - - - - - - -
Retirement of long-term debt ...................... - - - - - - - -
Issuance of common stock -
Issued by Registrant ............................ - - - - - - - -
Issued by Subsidiary to Registrant .............. - - - - - - - -
Issuance of long-term debt -
Issued by Registrant ............................ - - - - - - - -
Issued by Subsidiary to Registrant .............. - - - - - - - -
Net short-term intrasystem financing .............. - - - - - - - -
Increase (decrease) in short-term debt and other
financing activities ............................. - - - - - - - -
------ ------ --- ------ ----- ----- ------- -------
Net Financing Activities ............................ - - - - - - - -
Increase in cash and temporary cash investments ..... (77) (199) - - 235 541 10,728 11,228
Cash and temporary cash investments at
beginning of year .................................. (1,695) (3,706) 639 (1,846) 1,548 3,760 6,796 5,496
------ ------ --- ------ ----- ----- ------- -------
Cash and temporary cash investments at
end of year (a) .................................... (1,772) (3,905) 639 (1,846) 1,783 4,301 17,524 16,724
====== ====== === ====== ===== ===== ======= =======
Supplemental Disclosures of Cash Flow Information
Cash paid for interest ........................... (23) (58) - - - - (534) (615)
Cash paid for income tax (net of refunds) ........ (21) (67) - - 185 471 519 1,087
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 85
F-6A (3 of 6)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-6A Page 3
VGC VLC RL FC TVC9 TVC10 Total
---- ------ ------ --- ---- ----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (See F-6A Page 6 for
detail)........................................... 90 781 1,287 - - - 2,158
Investment Activities
Capital expenditures .............................. - - - - - - -
Sale of partnership interest ...................... - - - - - - -
Other investments - net ........................... - - - - - - -
---- ------ ------ --- ---- ---- -------
Net Investment Activities ........................... - - - - - - -
---- ------ ------ --- ---- ---- -------
Financing Activities
Dividends paid .................................... - - - - - - -
Issuance (retirement) of revolving credit agreement - - - - - - -
Capital contributions ............................. - - - - - - -
Retirement of long-term debt ...................... - - - -
Issuance of common stock - - - - -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - -
Issuance of long-term debt - - - - -
Issued by Registrant ............................ - - - - - - -
Issued by Subsidiary to Registrant .............. - - - - - - -
Net short-term intrasystem financing .............. - - - - - - -
Increase (decrease) in short-term debt and other
financing activities ............................. - - - - - - -
---- ------ ------ --- ---- ---- -------
Net Financing Activities ............................ - - - - - - -
Increase in cash and temporary cash investments ..... 90 781 1,287 - - - 2,158
Cash and temporary cash investments at
beginning of year .................................. 47 421 8,408 (14) - - 8,862
---- ------ ------ --- ---- ---- -------
Cash and temporary cash investments at
end of year (a) .................................... 137 1,202 9,695 (14) - - 11,020
==== ====== ====== === ==== ==== =======
Supplemental Disclosures of Cash Flow Information
Cash paid for interest ........................... (6) (56) (3) - - - (65)
Cash paid for income tax (net of refunds) ........ (10) (94) 583 - - - 479
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 86
F-6A (4 of 6)
<TABLE>
<CAPTION>
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
F-6A F-6A Consolidating TVC
Page 5 Page 6 Combined Entries Consolidated
------ ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 3,420 1,304 4,724 (3,024) 1,700
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - -
Depreciation and depletion ..................... - - - - -
Deferred income taxes .......................... (48) 229 181 - 181
Reapplication of SFAS 71 ....................... - - - - -
Other - net ...................................... (3,986) - (3,986) - (3,986)
Changes in Components of working capital:
Accounts receivable ............................ (455) - (455) - (455)
Gas inventory .................................. - - - - -
Prepayments .................................... - - - - -
Accounts payable ............................... 347 - 347 - 347
Accrued taxes .................................. (1,291) 586 (705) - (705)
Accrued interest ............................... 88 39 127 - 127
Estimated rate refunds ......................... - - - - -
Estimated supplier obligations
Under/Overrecovered gas costs .................. - - - - -
Exchange gas payable ........................... - - - - -
Other working capital .......................... 620 - 620 - 620
------ ----- ------ ------ ------
Net Cash From Operations ........................... (1,305) 2,158 853 (3,024) (2,171)
====== ===== ====== ====== ======
</TABLE>
<PAGE> 87
F-6A (5 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6A Page 5
BGC BLC GGC GLC PGC PLC TVC Total
---- ---- ---- ---- ---- ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ (129) (341) - - 630 1,560 1,700 3,420
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - - - - -
Depreciation and depletion ..................... - - - - - - - -
Deferred income taxes .......................... (46) (109) - - 215 472 (580) (48)
Reapplication of SFAS 71 ....................... - - - - - - - -
Other - net ...................................... - - - - - - (3,986) (3,986)
Changes in Components of working capital:
Accounts receivable ............................ - - - - - - (455) (455)
Gas inventory .................................. - - - - - - - -
Prepayments .................................... - - - - - - - -
Accounts payable ............................... - - - - - - 347 347
Accrued taxes .................................. 100 257 - - (609) (1,487) 448 (1,291)
Accrued interest ............................... (2) (6) - - (1) (4) 101 88
Estimated rate refunds ......................... - - - - - - - -
Estimated supplier obligations ................. - - - - - - - -
Under/Overrecovered gas costs .................. - - - - - - - -
Exchange gas payable ........................... - - - - - - - -
Other working capital .......................... - - - - - - 620 620
---- ---- ---- ---- ---- ------ ------ ------
Net Cash From Operations ........................... (77) (199) - - 235 541 (1,805) (1,305)
==== ==== ==== ==== ==== ====== ====== ======
</TABLE>
<PAGE> 88
F-6A (6 of 6)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Ventures Corporation and Subsidiaries
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
F-6A Page 6
VGC VLC RL FC TVC9 TVC10 Total
--- ---- ------ ---- ---- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 56 502 746 - - - 1,304
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - - - -
Depreciation and depletion ..................... - - - - - - -
Deferred income taxes .......................... 41 367 (179) - - - 229
Reapplication of SFAS 71 ....................... - - - - - - -
Other - net ...................................... - - - - - - -
Changes in Components of working capital:
Accounts receivable ............................ - - - - - - -
Gas inventory .................................. - - - - - - -
Prepayments .................................... - - - - - - -
Accounts payable ............................... - - - - - - -
Accrued taxes .................................. (6) (84) 676 - - - 586
Accrued interest ............................... (1) (4) 44 - - - 39
Estimated rate refunds ......................... - - - - - - -
Estimated supplier obligations ................. - - - - - - -
Under/Overrecovered gas costs .................. - - - - - - -
Exchange gas payable ........................... - - - - - - -
Other working capital .......................... - - - - - - -
--- ---- ------ ---- ---- ---- -----
Net Cash From Operations ........................... 90 781 1,287 - - - 2,158
=== ==== ====== ==== ==== ==== =====
</TABLE>
<PAGE> 89
F-6B (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating TCC
TGT TCC Combined Entries Consolidated
--- ---- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Net Cash From Operations (refer to F-6B (2 of 2)) ... 31 (2) 29 - 29
--- ---- --- ---- ---
Investment Activities
Capital expenditures .............................. - - - - -
Sale of partnership interest ...................... - - - - -
Other investments - net ........................... - - - - -
--- ---- --- ---- ---
Net Investment Activities ........................... - - - - -
Financing Activities
Dividends paid .................................... - - - - -
Issuance (retirement) of revolving credit agreement - - - - -
Capital contributions ............................. - - - - -
Retirement of long-term debt ...................... - - - - -
Issuance of common stock -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - - -
Issuance of long-term debt -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - - -
Net short-term intrasystem financing .............. - - - - -
Increase (decrease) in short-term debt and other
financing activities ............................. (31) 31 - - -
--- ---- --- ---- ---
Net Financing Activities ............................ (31) 31 - - -
Increase in cash and temporary cash investments ..... - 29 29 - 29
Cash and temporary cash investments at
beginning of year .................................. - 79 79 - 79
--- ---- --- ---- ---
Cash and temporary cash investments at
end of year (a) .................................... - 108 108 - 108
=== ==== === ==== ===
Supplemental Disclosures of Cash Flow Information
Cash paid for interest - - - - -
Cash paid for income taxes (net of refunds) (41) (1) (42) - (42)
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 90
F-6B (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Tristar Capital Corporation and Subsidiary
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating TCC
TGT TCC Combined Entries Consolidated
--- --- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ (69) (70) (139) 69 (70)
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - 69 69 (69) -
Depreciation and depletion ..................... - - - - -
Deferred income taxes .......................... 35 - 35 - 35
Reapplication of SFAS 71 ....................... - - - - -
Other - net ...................................... 96 - 96 - 96
Changes in Components of working capital:
Accounts receivable ............................ - - - - -
Gas inventory .................................. - - - - -
Prepayments .................................... - - - - -
Accounts payable ............................... - - - - -
Accrued taxes .................................. (37) 5 (32) - (32)
Accrued interest ............................... - - - - -
Estimated rate refunds ......................... - - - - -
Estimated supplier obligations ................. - - - - -
Under/Overrecovered gas costs .................. - - - - -
Exchange gas payable ........................... - - - - -
Other working capital .......................... - - - - -
--- --- ---- --- ---
Net Cash From Operations ........................... 25 4 29 - 29
=== === ==== === ===
</TABLE>
<PAGE> 91
F-6C (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CLG
CLNG CLG Combined Entries Consolidated
---- ------- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Net Cash From Operations (refer to F-6C (2 of 2)) ... 3 (8,506) (8,503) - (8,503)
--- ------- ------- ---- -------
Investment Activities
Capital expenditures .............................. - - - - -
Sale of partnership interest ...................... - - - - -
Other investments - net ........................... - 1,729 1,729 - 1,729
--- ------- ------- ---- -------
Net Investment Activities ........................... - 1,729 1,729 - 1,729
--- ------- ------- ---- -------
Financing Activities
Dividends paid .................................... - - - - -
Issuance (retirement) of revolving credit agreement - - - - -
Capital contributions ............................. - - - - -
Retirement of long-term debt ...................... - - - - -
Issuance of common stock -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - - -
Issuance of long-term debt -
Issued by Registrant ............................ - - - - -
Issued by Subsidiary to Registrant .............. - - - - -
Net short-term intrasystem financing .............. - - - - -
Increase (decrease) in short-term debt and other
financing activities ............................. - - - - -
--- ------- ------- ---- -------
Net financing activities ............................ - - - - -
--- ------- ------- ---- -------
Increase in cash and temporary cash investments ..... 3 (6,777) (6,774) - (6,774)
Cash and temporary cash investments at
beginning of year .................................. 14 11,307 11,321 - 11,321
--- ------- ------- ---- -------
Cash and temporary cash investments at
end of year (a) .................................... 17 4,530 4,547 - 4,547
--- ------- ------- ---- -------
Supplemental Disclosures of Cash Flow Information
Cash paid for interest ............................ - (219) (219) - (219)
Cash paid for income taxes (net of refunds) ....... (4) 400 396 - 396
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 92
F-6C (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia LNG Corporation and Subsidiary
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CLG
CLNG CLG Combined Entries Consolidated
---- ------ -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ 26 1,607 1,633 (26) 1,607
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - - - -
Depreciation and depletion ..................... - - - - -
Deferred income taxes .......................... - (259) (259) - (259)
Reapplication of SFAS 71 ....................... - - - - -
Other - net ...................................... (40) (2,069) (2,109) 26 (2,083)
Changes in Components of working capital:
Accounts receivable ............................ 35 148 183 (35) 148
Gas inventory .................................. - - - - -
Prepayments .................................... - 3 3 - 3
Accounts payable ............................... - (158) (158) 35 (123)
Accrued taxes .................................. (18) 679 661 - 661
Accrued interest ............................... - 33 33 - 33
Estimated rate refunds ......................... - - - - -
Estimated supplier obligations ................. - - - - -
Under/Overrecovered gas costs .................. - - - - -
Exchange gas payable ........................... - - - - -
Other working capital .......................... - (8,490) (8,490) - (8,490)
--- ------ ------ --- ------
Net Cash From Operations ........................... 3 (8,506) (8,503) - (8,503)
=== ====== ====== === ======
</TABLE>
<PAGE> 93
F-6D (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Statement of Cash Flows as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CES
CEM CSP CES Combined Entries Consolidated
------- ------ ------- -------- ------- ------------
<S> <C> <C> <C> <C> <C> <C>
Net Cash From Operations (refer to F-6D (2 of 2)) ... 16,993 (168) (40,021) (23,196) - (23,196)
------- ------ ------- ------- ------ -------
Investment Activities
Capital expenditures .............................. - (343) (462) (805) - (805)
Sale of partnership interest ...................... - - - - - -
Other investments - net ........................... - - - - - -
------- ------ ------- ------- ------ -------
Net Investment Activities ........................... - (343) (462) (805) - (805)
------- ------ ------- ------- ------ -------
Financing Activities
Dividends paid .................................... - - - - - -
Issuance (retirement) of revolving credit agreement - - - - - -
Capital contributions ............................. - - - - - -
Retirement of long-term debt ...................... - - (169) (169) - (169)
Issuance of common stock -
Issued by Registrant ............................ - - - - - -
Issued by Subsidiary to Registrant .............. - 1,000 25,000 26,000 (1,000) 25,000
Issuance of long-term debt - ...................... -
Issued by Registrant ............................ - - - - - -
Issued by Subsidiary to Registrant .............. - - - - - -
Net short-term intrasystem financing .............. - - - - - -
Increase (decrease) in short-term debt and other
financing activities ............................. (2,032) 15 3,423 1,406 - 1,406
------- ------ ------- ------- ------ -------
Net Financing Activities ............................ (2,032) 1,015 28,254 27,237 (1,000) 26,237
------- ------ ------- ------- ------ -------
Increase in cash and temporary cash investments ..... 14,961 504 (12,229) 3,236 (1,000) 2,236
Cash and temporary cash investments at
beginning of year .................................. 1,959 - (135) 1,824 - 1,824
------- ------ ------- ------- ------ -------
Cash and temporary cash investments at
end of year (a) ................................... 16,920 504 (12,364) 5,060 (1,000) 4,060
======= ====== ======= ======= ====== =======
Supplemental Disclosures of Cash Flow Information
Cash paid for interest ............................ (327) (7) (433) (767) - (767)
Cash paid for income taxes (net of refunds) ....... 56 - 2,748 2,804 - 2,804
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 94
F-6D (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Energy Services Corporation and Subsidiaries
Consolidating Statement of Cash Flows as of December 31, 1996
(Not covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consoli-
dating CES
CEM CSP CES Combined Entries Consolidated
------- ---- -------- --------- ------- ------------
<S> <C> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss) ................................ (159) (722) 3,415 2,534 881 3,415
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries - - 881 881 (881) -
Depreciation and depletion ..................... - 22 307 329 - 329
Deferred income taxes .......................... - - (56) (56) - (56)
Other - net ...................................... 2,026 991 (1,302) 1,715 - 1,715
Changes in Components of working capital:
Accounts receivable ............................ (4,512) (164) (135,045) (139,721) - (139,721)
Gas inventory .................................. - - - - - -
Prepayments .................................... - - (16,405) (16,405) - (16,405)
Accounts payable ............................... 19,893 86 105,210 125,189 - 125,189
Accrued taxes .................................. (252) (381) 1,214 581 - 581
Accrued interest ............................... - - 4 4 - 4
Estimated rate refunds ......................... - - - - - -
Estimated supplier obligations ................. - - - - - -
Under/Overrecovered gas costs .................. - - - - - -
Exchange gas payable ........................... - - - - - -
Other working capital .......................... (3) - 1,756 1,753 - 1,753
------- ---- -------- -------- ---- --------
Net Cash From Operations ........................... 16,993 (168) (40,021) (23,196) - (23,196)
======= ==== ======== ======== ==== ========
</TABLE>
<PAGE> 95
F-6E (1 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consolidating CNS
CMC CNS Combined Entries Consolidated
----- ----- -------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Net Cash From Operations (refer to F-6E (2 of 2))........... (8) (20) (28) - (28)
----- ----- ----- ----- -----
Investment Activities
Capital expenditures ...................................... (230) - (230) - (230)
Other investments - net ................................... - - - - -
----- ----- ----- ----- -----
Net Investment Activities ................................... (230) - (230) - (230)
----- ----- ----- ----- -----
Financing Activities
Dividends paid ............................................ - - - - -
Issuance (retirement) of revolving credit agreement ....... - - - - -
Retirement of long-term debt .............................. - - - - -
Issuance of common stock -
Issued by Registrant .................................... 300 (300) - - -
Issued by Subsidiary to Registrant ...................... - 600 600 - 600
Issuance of long-term debt -
Issued by Registrant .................................... - - - - -
Issued by Subsidiary to Registrant ...................... - - - - -
Net short-term intrasystem financing ...................... - - - - -
Increase (decrease) in short-term debt and other
financing activities .................................... - - - - -
----- ----- ----- ----- -----
Net Financing Activities .................................... 300 300 600 - 600
----- ----- ----- ----- -----
Increase in cash and temporary cash investments ............. 62 280 342 - 342
Cash and temporary cash investments at
beginning of year ......................................... - - - - -
----- ----- ----- ----- -----
Cash and temporary cash investments at
end of year (a) ........................................... 62 280 342 - 342
===== ===== ===== ===== =====
Supplemental Disclosures of Cash Flows Information
Cash paid for interest .................................... - - - - -
Cash paid for income taxes (net of refunds) ............... - - - - -
</TABLE>
(a) The Corporation considers all highly liquid debt instruments to be cash
equivalents. Balance includes intercompany money pool balances, which are
reported as intercompany accounts receivable on the balance sheet.
<PAGE> 96
F-6E (2 of 2)
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES
Columbia Network Services Corporation and Subsidiary
Consolidating Statement of Cash Flows
Year Ended December 31, 1996
(Not Covered by Report of Independent Public Accountants)
($ Thousands)
<TABLE>
<CAPTION>
Consolidating CNS
CMC CNS Combined Entries Consolidated
---- ---- -------- ------------- ------------
<S> <C> <C> <C> <C> <C>
Net Income Reconciliation
Net income (loss)..................................... (34) (13) (47) -- (47)
Items not requiring (providing) cash:
Equity in undistributed earnings of subsidiaries ... -- -- -- -- --
Depreciation and depletion.......................... 3 -- 3 -- 3
Deferred income taxes............................... (21) (7) (28) -- (28)
Reapplication of SFAS 71............................ -- -- -- -- --
Other--net.......................................... (5) -- (5) -- (5)
Changes in Components of working capital:
Accounts receivable................................. (28) -- (28) -- (28)
Gas inventory....................................... -- -- -- -- --
Prepayments......................................... -- -- -- -- --
Accounts payable.................................... 51 -- 61 -- 61
Accrued taxes....................................... 1 -- 1 -- 1
Accrued interest.................................... -- -- -- -- --
Estimated rate refunds.............................. -- -- -- -- --
Estimated supplier obligations...................... -- -- -- -- --
Under/Overrecovered gas costs....................... -- -- -- -- --
Exchange gas payable................................ -- -- -- -- --
Other working capital............................... 15 -- 15 -- 15
---- ---- ---- ---- ----
Net Cash From Operations................................ (8) (20) (28) -- (28)
==== ==== ==== ==== ====
</TABLE>
<PAGE> 97
Page 5
SIGNATURE
The registrant has duly caused this Amendment to its annual report
to be signed on its behalf by the undersigned thereunto duly authorized
pursuant to the requirements of the Public Utility Holding Company Act of 1935,
such company being a registered holding company.
THE COLUMBIA GAS SYSTEM, INC.
By: /s/ J.W. Grossman
__________________________
J.W. Grossman
Vice President and Controller
Date: May 2, 1997
