UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM U-3A-2
File No.
Statement by Holding Company Claiming Exemption Under Rule U-3A-2
from the Provisions of the Public Utility Holding Company Act of 1935
To be Filed Annually Prior to March 1
ALATENN RESOURCES, INC.
(Name of Company)
hereby files with the Securities Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions
of the Public Utility Holding Company Act of 1935, and submits the
following information:
<PAGE>
Item 1.
Claimant:
AlaTenn Resources, Inc.
State of Organization - Alabama
Location and nature of business - Claimant is located in Colbert County,
Alabama. On October 1, 1982, it became the sole owner of Alabama-Tennessee
Natural Gas Company and each of its former subsidiaries, pursuant to a Plan
of Merger approved by Alabama-Tennessee's shareholders on May 3, 1982.
Subsidiaries:
Alabama-Tennessee Natural Gas Company
State of Organization - Alabama
Location and nature of business - This Company owns and operates natural
gas transmission facilities located in Hardin and McNairy Counties,
Tennessee, Alcorn and Tishomingo Counties, Mississippi, and Colbert,
Lawrence, Morgan, Limestone, and Madison Counties, Alabama.
Central Gas Company
State of Organization - Alabama
Location and nature of business - This Company is primarily an intrastate
gas transmission company and a wholesaler of natural gas. It owns and
operates natural gas transmission facilities, all of which are located in
Lauderdale County, Alabama. It is principally engaged in the sale and
transportation of natural gas to the City of Florence, Alabama for resale
in Lauderdale County.
Tennessee River Development Company
State of Organization - Alabama
Location and nature of business - This Company is primarily an intrastate
gas transmission company and a wholesaler of natural gas. It owns and
operates natural gas transmission facilities, all of which are located in
Lauderdale County, Alabama. It is principally engaged in the sale and
transportation of natural gas to the City of Florence, Alabama for resale
in Lauderdale County.
Hardin County Gas Company
State of Organization - Tennessee
Location and nature of business - This Company is a distributor of natural
gas. It sells natural gas at retail to approximately 150 customers located
in and around Counce in Hardin County, Tennessee. In 1995 approximately 87%
of its revenues were obtained from sales at retail.
North Mississippi Natural Gas Corporation
State of Organization - Mississippi
Location and nature of business - This Company sold gas to one industrial
customer near Corinth, Mississippi and to a local gas district in
Burnsville, Mississippi prior to 1995, but is not active at this time.
Vulcan Oil and Gas Company
State of Organization - Alabama
Location and nature of business - Oil and gas exploration and development.
Warrior Basin Gas Company
State of Organization - Alabama
Location and nature of business - Intrastate Gas Transmission. Inactive.
AlaTenn Energy Marketing Company
State of Organization - Alabama
Location and nature of business - Located in Colbert County, Alabama, this
company was formed in 1986, and is a natural gas marketing company.
Tennessee River Intrastate Gas Company
State of Organization - Alabama
Location and nature of business - Intrastate natural gas company located in
Colbert County, Alabama. This company provides natural gas transportation
service to two industrial customers and one municipal customer. This
company also transports gas to Alabama-Tennessee Natural Gas Company.
AlaTenn Credit Corp.
State of Organization - Alabama
Location and nature of business - Located in Colbert County, Alabama, this
company is a financial services company.
AlaTenn Pipeline Company, Inc.
State of Organization - Alabama
Location and nature of business - Located in Colbert County, Alabama,
this company is not active at this time.
Ryder International Corporation
State of Organization - Alabama
Location and nature of business - Located in Arab, Alabama,
this company designs, develops, manufactures and sells proprietary products
for the medical and health care industry.
Atrion Medical Products
State of Organization - Alabama
Location and nature of business - Located in Birmingham, Alabama, this
company markets a patented product for treating excessive tearing of the
eye.
Item 2.
Claimant:
AlaTenn Resources, Inc. -
This Company owns approximately 190 acres of land in a single tract, 100%
of the capital stock of each of the subsidiaries listed below.
Subsidiaries:
Alabama-Tennessee Natural Gas Company -
Properties consist of gas transmission mains, compressor stations, meter
and regulator stations in Hardin and McNairy Counties, Tennessee; in Alcorn
and Tishomingo Counties, Mississippi; and in Colbert, Lawrence, Morgan,
Limestone, and Madison Counties, Alabama; and an office and warehouse near
Muscle Shoals, Alabama.
Central Gas Company -
Properties consist of gas transmission mains and meter and regulator
stations in Lauderdale County, Alabama.
Hardin County Gas Company -
Properties consist of gas distribution mains, meter and regulator stations
and services and meters in Hardin County, Tennessee.
Tennessee River Development Company -
Properties consist of gas transmission mains and meter and regulator
stations in Lauderdale County, Alabama.
North Mississippi Natural Gas Corporation - Properties consist of
facilities used for purchase of natural gas from Alabama-Tennessee and sale
of such gas to a plant near Corinth, Mississippi.
Tennessee River Intrastate Gas Company - Properties consist of a gas
transmission main and meter and regulator stations in Lawrence, Morgan and
Colbert Counties, Alabama, as well as an interconnect and metering facility
which connects Alabama-Tennessee Natural Gas Company to another interstate
pipeline in Colbert County, Alabama.
<TABLE>
<PAGE>
Item 3.
<CAPTION>
Mcf Mcf
Sold Purchased
Outside Outside
State In State In
Which Which
Organized Organized
Company (a) (b) (c) (d)
<S> <C> <C> <C> <C>
AlaTenn Resources, Inc. None None None None
Alabama-Tennessee
Natural Gas Co. None None None None
Central Gas Co. None None None None
Hardin County Gas Co. 15,500 None None None
Tennessee River
Development Co. None None None None
North Mississippi
Natural Gas Corp. None None None None
Tennessee River
Intrastate Gas Co. None None None None
</TABLE>
<PAGE>
Exhibit A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year, together with a
consolidating balance sheet of claimant and its subsidiary companies as
of the close of such calendar year is enclosed.
<TABLE>
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
<CAPTION>
ALATENN ALABAMA CENTRAL
RESOURCES TENNESSEE GAS
INC. NAT. GAS CO. COMPANY
<S> <C> <C> <C>
Current Assets:
Cash & Temp. Invest 2,728,399 700
Accounts Receivable 2,288,048 29,043,658 250,550
Materials & Supplies 496,347
Inventories
Prepayments 833 117,286 13,180
Escrow Deposits
5,017,280 29,657,991 263,730
Investments:
Sudsidiary Co 54,772,519
Gas Gathering &
Other
Oil & Gas Expl.
Total Investments 54,772,519 0 0
Prop., Plant and Eq:
Original Cost 252,564 21,885,168 26,257
Less Accum. Dep. 14,239,485 12,393
252,564 7,645,683 13,864
Defered Charges
Take-or-Pay 0 0
Patents, net
Goodwill, net
Other 1 1,266,769
1 1,266,769 0
Total Assets 60,042,364 38,570,443 277,594
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
TENNESSEE VULCAN NORTH MISS.
RIVER DEV. OIL & GAS NATURAL GAS
COMPANY COMPANY CORP.
<S> <C> <C> <C>
Current Assets:
Cash & Temp. Investments
Accounts Receivable 40,526 224,310 677,986
Materials & Supplies
Inventories
Prepayments 657 0 2,559
Escrow Deposits
41,183 224,310 680,545
Investments:
Sudsidiary Companies
Gas Gathering & Other
Oil & Gas Exploration
Total Investments 0 0 0
Prop., Plant and Eq:
Original Cost 3,743 4,499
Less Accum. Dep. 2,651 4,499
1,092 0 0
Defered Charges
Take-or-Pay 74,925
Patents, net
Goodwill, net
Other
0 0 74,925
Total Assets 42,275 224,310 755,470
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
HARDIN WARRIOR
COUNTY BASIN
GAS GAS ATEMCO
<S> <C> <C> <C>
Current Assets:
Cash & Temp. Invest 11,002
Accounts Receivable 112,747 13,323 9,359,986
Materials & Supplies
Inventories
Prepayments 665 0 75,960
Escrow Deposits
124,414 13,323 9,435,946
Investments:
Sudsidiary Companies
Gas Gathering & Other
Oil & Gas Exploration
Total Investments 0 0 0
Prop., Plant and Eq:
Original Cost 304,665 25,086
Less Accum. Dep. 151,334 2,660
153,331 0 22,426
Defered Charges
Take-or-Pay 39,318
Patents, net
Goodwill, net
Other 10,476 47,897
49,794 0 47,897
Total Assets 327,539 13,323 9,506,269
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
ALATENN RYDER
CREDIT INTER.
TRIGAS CORP. CORP.
<S> <C> <C> <C>
Current Assets:
Cash & Temp.
Investments 58,775
Accounts Receivable 2,601,944 48,874 1,437,798
Materials & Supplies
Inventories 716,679
Prepayments 0 0 76,424
Escrow Deposits
2,601,944 48,874 2,289,676
Investments:
Sudsidiary Companies
Gas Gathering & Other
Oil & Gas Exploration
Total Investments 0 0 0
Prop., Plant and Eq:
Original Cost 6,249,893 5,017,093
Less Accum. Dep. 857,741 454,494
5,392,152 0 4,562,599
Defered Charges
Take-or-Pay
Patents, net 5,504,905
Goodwill, net 2,652,233
Other 162,196 (1) 83,634
162,196 (1) 8,240,772
Total Assets 8,156,292 48,873 15,093,047
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
ALATENN ATRION
PIPELINE Medical
CO. Products TOTAL
<S> <C> <C> <C>
Current Assets:
Cash & Temp. Invest 12,041 2,810,917
Accounts Receivable 0 46,099,750
Materials & Supplie 193,373 689,720
Inventories 716,679
Prepayments 0 287,564
Escrow Deposits 0
205,414 0 50,604,630
Investments:
Sudsidiary Companies 54,772,519
Gas Gathering & Other 0
Oil & Gas Exploration 0
Total Investments 0 0 54,772,519
Prop., Plant and Eq:
Original Cost 1,678,437 35,447,405
Less Accum. Dep. 15,725,257
1,678,437 0 19,722,148
Defered Charges
Take-or-Pay 114,243
Patents, net 5,504,905
Goodwill, net 2,652,233
Other 127,864 419,370 2,118,206
127,864 419,370 10,389,587
Total Assets 2,011,715 419,370 135,488,884
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
Consolidation
Adjustments Eliminations TOTAL
<S> <C> <C> <C>
Current Assets:
Cash & Temp. Investments 0 2,810,917
Accounts Receivable (32,209,883) 13,889,867
Materials & Supplies 0 689,720
Inventories 0 716,679
Prepayments 1 287,565
Escrow Deposits 0 0
(32,209,882) 18,394,748
Investments:
Sudsidiary Companie 0 (54,772,519) 0
Gas Gathering & Oth 0 0 0
Oil & Gas Explorati 0 0 0
Total Investments 0 (54,772,519) 0
Prop., Plant and Eq:
Original Cost 0 1 35,447,406
Less Accum. Dep. 0 0 15,725,257
0 1 19,722,149
Defered Charges
Take-or-Pay 0 (1) 114,242
Patents, net 0 5,504,905
Goodwill, net 0 2,652,233
Other 0 2,118,206
0 (1) 10,389,586
Total Assets 0 (86,982,401) 48,506,483
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
ALATENN ALABAMA CENTRAL
RESOURCES TENNESSEE GAS
INC. NAT. GAS CO. COMPANY
<S> <C> <C> <C>
Current Liabilities:
Curr. Matur. Of LTD
Accounts Payable 29,596,315 1,481,960 128,372
Acc. Inc. & Other Ta 197,053 167,123 558
Accrued Interest 48,874 0 0
Dividends Payable
29,842,242 1,649,083 128,930
Long Term Debt:
Bonds 0
Notes Payable 0
Intercompany Loans 0
Loan Revolver 0
Total LTD 0 0 0
Other Liab. & Def. Credits:
Take-or-Pay
Acc. Deferred Inc 230,014 781,676 (136)
Unamort Inv Tax Cr 0 238,364
Other 1,050,067
230,014 2,070,107 (136)
Shareholder's Equity:
Common Shares 228,000 5,400 5,000
Treasury Shares (1,860,551)
Paid-in Capital 6,077,615 11,074,600 145,000
Retained Earnings 25,525,044 23,771,253 (1,200)
29,970,108 34,851,253 148,800
Total Equity & Liab. 60,042,364 38,570,443 277,594
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
TENNESSEE VULCAN NORTH MISS.
RIVER DEV. OIL & GAS NATURAL GAS
COMPANY COMPANY CORP.
<S> <C> <C> <C>
Current Liabilities:
Curr. Matur. Of LTD
Accounts Payable 4,091 202 135,336
Acc. Inc. & Other Ta 1,367 600 633
Accrued Interest 0 0
Dividends Payable
5,458 802 135,969
Long Term Debt:
Bonds
Notes Payable
Intercompany Loans 0 0
Loan Revolver
Total LTD 0 0 0
Other Liab. & Def. Credits:
Take-or-Pay
Acc. Deferred Inc (36) (11,516) (11,222)
Unamort Inv Tax Credits
Other
(36) (11,516) (11,222)
Shareholder's Equity:
Common Shares 1,000 2,000 1,000
Treasury Shares
Paid-in Capital 1,700,000
Retained Earnings 35,853 (1,466,976) 629,723
36,853 235,024 630,723
Total Equity & Liabili 42,275 224,310 755,470
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
HARDIN WARRIOR
COUNTY BASIN
GAS CO. GAS CO. ATEMCO
<S> <C> <C> <C>
Current Liabilities:
Curr. Maturities Of LTD
Accounts Payable 255,918 11,936 9,521,372
Acc. Inc. & Other Ta 3,411 0 100,647
Accrued Interest 94
Dividends Payable
259,423 11,936 9,622,019
Long Term Debt:
Bonds
Notes Payable
Intercompany Loans
Loan Revolver
Total LTD 0 0 0
Other Liab. & Def. Credits:
Take-or-Pay
Acc. Deferred Inc (36,502) (116,750)
Unamort Inv Tax Cr 4,829
Other 150,000 0
118,327 0 (116,750)
Shareholder's Equity:
Common Shares 12,000 1,000 100
Treasury Shares
Paid-in Capital 65,000 2,000 900
Retained Earnings (127,211) (1,613) 0
(50,211) 1,387 1,000
Total Equity & Liabili 327,539 13,323 9,506,269
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
ALATENN RYDER
CREDIT INTER.
TRIGAS CORP. CORP.
<S> <C> <C> <C>
Current Liabilities:
Curr. Maturities Of LTD 203,000
Accounts Payable 14,637 45,848 1,265,880
Acc. Inc. & Other Ta (4,745) 148 66,350
Accrued Interest 0 1,082 0
Dividends Payable
9,892 47,078 1,535,230
Long Term Debt:
Bonds 609,000
Notes Payable 0 1,000,000
Intercompany Loans 2,500,000 10,355,174
Loan Revolver 0 0
Total LTD 2,500,000 0 11,964,174
Other Liab. & Def. Credits:
Take-or-Pay
Acc. Deferred Inc 720,273 (3,524)
Unamort Inv Tax Credits
Other 312,713 226,400
1,032,986 0 222,876
Shareholder's Equity:
Common Shares 100 100 1,000
Treasury Shares
Paid-in Capital 200,900 30,000
Retained Earnings 4,412,414 (28,305) 1,369,767
4,613,414 1,795 1,370,767
Total Equity & Liabili 8,156,292 48,873 15,093,047
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
ALATENN ATRION
PIPELINE Medical
CO. Products TOTAL
<S> <C> <C> <C>
Current Liabilities:
Curr. Maturities Of LTD 203,000
Accounts Payable 1,758,227 586,087 44,806,181
Acc. Inc. & Other Ta 12,324 (8,425) 537,044
Accrued Interest 50,050
Dividends Payable 0
1,770,551 577,662 45,596,275
Long Term Debt:
Bonds 609,000
Notes Payable 1,000,000
Intercompany Loans 12,855,174
Loan Revolver 0
Total LTD 0 0 14,464,174
Other Liab. & Def. Credits:
Take-or-Pay 0
Acc. Deferred Inc 6,661 (329) 1,558,609
Unamort Inv Tax Credits 243,193
Other 0 1,739,180
6,661 (329) 3,540,982
Shareholder's Equity:
Common Shares 100 1,000 257,800
Treasury Shares (1,860,551)
Paid-in Capital 19,296,015
Retained Earnings 234,403 (158,963) 54,194,189
234,503 (157,963) 71,887,453
Total Equity & Liabili 2,011,715 419,370 135,488,884
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
12/31/95
Consolidation
Adjustments Eliminations TOTAL
<S> <C> <C> <C>
Current Liabilities:
Curr. Matur. Of LTD 0 203,000
Accounts Payable (32,161,007) 12,645,174
Acc. Inc. & Other Taxes (1) 537,043
Accrued Interest (48,874) 1,176
Dividends Payable 0 0 0
0 (32,209,882) 13,386,393
Long Term Debt:
Bonds 0 609,000
Notes Payable 0 0 1,000,000
Intercompany Loans (12,855,174) 0
Loan Revolver 0 0
Total LTD 0 (12,855,174) 1,609,000
Other Liab. & Def. Credits:
Take-or-Pay 0 0
Acc. Deferred Inc Taxes 0 1,558,609
Unamort Inv Tax Cr 0 0 243,193
Other 0 1,739,180
0 0 3,540,982
Shareholder's Equity:
Common Shares (29,800) 228,000
Treasury Shares 0 (1,860,551)
Paid-in Capital (13,218,400) 6,077,615
Retained Earnings (28,669,145) 25,525,044
0 (41,917,345) 29,970,108
Total Equity & Liabili 0 (86,982,401) 48,506,483
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING INCOME STATEMENT
Year To Date
12/31/95
ALATENN ALABAMA CENTRAL
RESOURCES TENNESSEE GAS
INC. NAT. GAS CO. COMPANY
<S> <C> <C> <C>
Revenues:
Industrial Sales 0
Resale Sales 812,910
Off-System & Other
Distribution Sales 0
Transportation 9,668,970
Health Care
0 9,668,970 812,910
Cost of Goods Sold 3,370,274 787,479
Gross Margin 0 6,298,696 25,431
Operating Expenses:
Other Operation (55,868) 4,036,057 8,806
Maintenance 253,714 48
Depreciation & Amort. 447,297 0
Other Taxes 2,621 252,726 21,435
(53,247) 4,989,794 30,289
Operating Income 53,247 1,308,902 (4,858)
Take-or-Pay Prov. Rec.
Other Income
Interest and Investm 1,207,812 315,301
Other (750) 84,072
1,207,062 399,373 0
Interest Expense
Interest on Long Ter 12,647
Other Interest Expense 26,396
12,647 26,396 0
Net Income Before Taxe 1,247,662 1,681,879 (4,858)
Income Taxes 452,736 611,842 (1,540)
Net Income 794,926 1,070,037 (3,318)
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING INCOME STATEMENT
Year To Date
12/31/95
TENNESSEE VULCAN NORTH MISS.
RIVER DEV. OIL & GAS NATURAL GAS
COMPANY COMPANY CORP.
<S> <C> <C> <C>
Revenues:
Industrial Sales 0
Resale Sales 0 0
Off-System & Other
Distribution Sales 0
Transportation 46,704
Health Care
46,704 0 0
Cost of Goods Sold 0 (654)
Gross Margin 46,704 0 654
Operating Expenses:
Other Operation 5,969 581 2,223
Maintenance 8 0
Depreciation & Amort 0 0
Other Taxes 1,636 2,013 1,868
7,613 2,594 4,091
Operating Income 39,091 (2,594) (3,437)
Take-or-Pay Prov. Rec.
Other Income
Interest and Investment
Other 50,000
0 50,000 0
Interest Expense
Interest on Long Term Debt
Other Interest Expense 92
0 0 92
Net Income Before Taxe 39,091 47,406 (3,529)
Income Taxes 13,750 13,412 (708)
Net Income 25,341 33,994 (2,821)
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING INCOME STATEMENT
Year To Date
12/31/95
HARDIN WARRIOR
COUNTY BASIN
GAS CO. GAS CO. ATEMCO
<S> <C> <C> <C>
Revenues:
Industrial Sales 12,619 41,753,931
Resale Sales 9,676 10,639,630
Off-System & Other 0 5,485,650
Distribution Sales 90,551
Transportation
Health Care
112,846 0 57,879,211
Cost of Goods Sold 92,397 0 55,025,924
Gross Margin 20,449 0 2,853,287
Operating Expenses:
Other Operation 66,145 335 462,371
Maintenance 0
Depreciation & Amort 10,319 1,584
Other Taxes 6,314 70 134
82,778 405 464,089
Operating Income (62,329) (405) 2,389,198
Take-or-Pay Prov. Rec.
Other Income
Interest and Investment 12,643
Other
0 0 12,643
Interest Expense
Interest on Long Term Debt
Other Interest Expen 37,943 39
37,943 0 39
Net Income Before Taxe (100,272) (405) 2,401,802
Income Taxes (34,537) (175) 870,698
Net Income (65,735) (230) 1,531,104
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING INCOME STATEMENT
Year To Date
12/31/95
ALATENN RYDER
CREDIT INTER.
TRIGAS CORP. CORP.
<S> <C> <C> <C>
Revenues:
Industrial Sales
Resale Sales 0
Off-System & Other
Distribution Sales
Transportation 2,135,894
Health Care 11,025,415
2,135,894 0 11,025,415
Cost of Goods Sold 5,459,909
Gross Margin 2,135,894 0 5,565,506
Operating Expenses:
Other Operation 244,676 101 2,663,860
Maintenance 820
Depreciation & Amort 128,106 603,480
Other Taxes 66,282 70 0
439,884 171 3,267,340
Operating Income 1,696,010 (171) 2,298,166
Take-or-Pay Prov. Rec.
Other Income
Interest and Investment 12,647 15,289
Other 115,940
0 12,647 131,229
Interest Expense
Interest on Long Ter 300,000 12,647 215,882
Other Interest Expense 665,843
300,000 12,647 881,725
Net Income Before Taxe 1,396,010 (171) 1,547,670
Income Taxes 506,498 555,720
Net Income 889,512 (171) 991,950
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING INCOME STATEMENT
Year To Date
12/31/95
ALATENN ATRION
PIPELINE Medical
CO. Products TOTAL
<C> <C> <C>
<S>
Revenues:
Industrial Sales 41,766,550
Resale Sales 11,462,216
Off-System & Other 5,485,650
Distribution Sales 90,551
Transportation 350,000 12,201,568
Health Care 11,025,415
350,000 0 82,031,950
Cost of Goods Sold 64,735,329
Gross Margin 350,000 0 17,296,621
Operating Expenses:
Other Operation 702 249,121 7,685,079
Maintenance 254,590
Depreciation & Amort. 1,190,786
Other Taxes 71 355,240
773 249,121 9,485,695
Operating Income 349,227 (249,121) 7,810,926
Take-or-Pay Prov. Rec. 0
Other Income
Interest and Investment 1,563,692
Other 18,376 267,638
18,376 0 1,831,330
Interest Expense
Interest on Long Term Debt 541,176
Other Interest Expense 730,313
0 0 1,271,489
Net Income Before Taxe 367,603 (249,121) 8,370,767
Income Taxes 133,200 (90,158) 3,030,738
Net Income 234,403 (158,963) 5,340,029
ALATENN RESOURCES INC.
AND SUBSIDIARIES
CONSOLIDATING INCOME STATEMENT
Year To Date
12/31/95
Consolidation
Adjustments Eliminations TOTAL
<S> <C> <C> <C>
Revenues:
Industrial Sales 0 0 41,766,550
Resale Sales 0 (520,693) 10,941,523
Off-System & Other 0 5,485,650
Distribution Sales 0 0 90,551
Transportation (1,132,741) 11,068,827
Health Care 0 11,025,415
0 (1,653,434) 80,378,516
Cost of Goods Sold 0 (1,653,435) 63,081,894
Gross Margin 0 1 17,296,622
Operating Expenses:
Other Operation 0 1 7,685,080
Maintenance 0 254,590
Depreciation & Amort. 0 1,190,786
Other Taxes 0 (1) 355,239
0 0 9,485,695
Operating Income 0 1 7,810,927
Take-or-Pay Prov. Rec. 0 0
Other Income
Interest and Investment (1,077,926) 485,766
Other 1 267,639
0 (1,077,925) 753,405
Interest Expense
Interest on Long Term Debt (501,804) 39,372
Other Interest Expen 0 (576,121) 154,192
0 (1,077,925) 193,564
Net Income Before Taxe 0 1 8,370,768
Income Taxes 1 3,030,739
Net Income 0 0 5,340,029
</TABLE>
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer of this 27th
day of February, 1996.
ALATENN RESOURCES, INC.
S/S JERRY A. HOWARD
JERRY A. HOWARD
CHAIRMAN, PRESIDENT
AND CHIEF EXECUITVE OFFICER
ATTEST:
S/S GEORGE G. PETTY
GEORGE G. PETTY
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
George G. Petty, Vice President-Finance, CFO and Secretary-Treasurer
AlaTenn Resources, Inc., P. O. Box 918, Florence, Alabama 35631
<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 48,506
<TOTAL-OPERATING-REVENUES> 80,379
<NET-INCOME> 5,340
</TABLE>
