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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-3A-2/A
Amendment No. 1
Statement by Holding Company Claiming Exemption Under Rule 2 from the
Provisions of the Public Utility Holding Company Act of 1935
NICOR Inc.
(Name of company)
hereby files with the Securities and Exchange Commission, pursuant to Rule
2, an Amendment to its statement claiming exemption as a holding company
from the provisions of the Public Utility Holding Company Act of 1935, and
submits the following amended information: Exhibit A as detailed below.
Exhibit
Number Description
A-1 NICOR Inc. Consolidating Statement of Income*
Birdsall, Inc. Consolidating Statement of Income
A-2 NICOR Inc. Consolidating Balance Sheet*
Birdsall, Inc. Consolidating Balance Sheet
A-3 NICOR Inc. Consolidating Statement of Retained Earnings*
Birdsall, Inc. Consolidating Statement of Retained Earnings
* As filed February 26, 1993.
Signature
The above-named claimant has caused this Amendment to its statement to be
duly executed on its behalf by its authorized officer on this 28th day of
January, 1994.
NICOR Inc.
By J. J. LANNON
J. J. Lannon
Senior Vice President and
Chief Financial Officer
CORPORATE SEAL
ATTEST:
A. C. ALLISON
A. C. Allison
Assistant Secretary
Name, title and address of officer to whom notices and correspondence
concerning this Amendment should be addressed:
J. J. Lannon
Senior Vice President and
Chief Financial Officer
NICOR Inc.
P. O. Box 3014
Naperville, Illinois 60566-7014
<TABLE>
NICOR Inc. Exhibit A-1
Consolidating Statement of Income Page 1 of 2
For the Year Ended December 31, 1992 (Unaudited)
(Millions, except per share date)
<CAPTION>
Northern
Illinois NICOR NICOR Adjust.
NICOR Gas Birdsall, Oil and Gas Energy and
Inc. Company Inc. Corporation Services NGS, Inc. Elims. Consolidated
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating revenues $ $1,425.4 $ 121.1 $ 65.1 $ $ $ $1,611.6
Operating expenses
Cost of gas 927.1 927.1
Operating and maintenance 1.7 132.7 93.7 23.8 .5 252.4
Depreciation and depletion 81.8 12.9 29.0 123.7
Taxes, other than income
taxes 104.2 2.6 3.7 110.5
1.7 1,245.8 109.2 56.5 .5 - - 1,413.7
Operating income (loss) (1.7) 179.6 11.9 8.6 (.5) - - 197.9
Other income (expense)
Income from continuing
subsidiaries 104.7 (104.7)
Interest income 5.2 .9 1.6 .4 (5.8) 2.3
Other, net 2.1 (7.9) 7.1 .4 1.7
112.0 .9 (6.3) 7.5 - - (110.1) 4.0
Income (loss) before interest
on debt and income taxes 110.3 180.5 5.6 16.1 (.5) (110.1) 201.9
Interest on debt, net of
amounts capitalized 5.9 39.8 .5 3.6 (5.6) 44.2
Income (loss) before income
taxes 104.4 140.7 5.1 12.5 (.5) (104.5) 157.7
Income taxes (3.9) 49.5 1.7 2.1 (.2) .2 49.4
Net income (loss) 108.3 91.2 3.4 10.4 (.3) - (104.7) 108.3
Dividends on preferred and
preference stock 1.2 .6 (.6) 1.2
Earnings (loss) applicable
to common stock $ 107.1 $ 90.6 $ 3.4 $ 10.4 $ (.3) $ - $ (104.1) $ 107.1
Average shares of common stock
outstanding 28.0
Earnings per average share of
common stock 3.83
</TABLE>
<TABLE>
Birdsall, Inc. Exhibit A-1
Consolidating Statement of Income Page 2 of 2
For the Year Ended December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Tropical
Shipping & Birdsall Adjustments
Construction Shipping Birdsall Other and
Company Ltd. S.A. Inc. Subsidiaries* Eliminations Consolidated
<S> <C> <C> <C> <C> <C> <C> <C>
Operating revenues $ 108.7 $ 7.1 $ 39.4 $ 16.0 $ (50.1) $ 121.1
Operating expenses
Operating and maintenance 89.7 3.2 38.5 12.4 (50.1) 93.7
Depreciation and depletion 6.8 1.2 4.6 .4 (.1) 12.9
Taxes, other than income
taxes .6 1.8 .2 2.6
97.1 4.4 44.9 13.0 (50.2) 109.2
Operating income (loss) 11.6 2.7 (5.5) 3.0 .1 11.9
Other income (expense)
Interest income 1.2 .1 .3 1.6
Other, net 6.3 (.7) 53.1 (7.9) (58.7) (7.9)
7.5 (.7) 53.2 (7.6) (58.7) (6.3)
Income (loss) before interest
on debt and income taxes 19.1 2.0 47.7 (4.6) (58.6) 5.6
Interest on debt, net of
amounts capitalized (1.3) 1.8 .5
Income (loss) before income
taxes 19.1 3.3 45.9 (4.6) (58.6) 5.1
Income taxes 1.2 .5 1.7
Net income (loss) $ 19.1 $ 3.3 $ 44.7 $ (5.1) $ (58.6) $ 3.4
<F1>
* Aggregating less than 2% of NICOR Inc. revenues and assets.
</TABLE>
<TABLE>
NICOR Inc. Exhibit A-2
Consolidating Balance Sheet Page 1 of 4
December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Northern
Illinois NICOR NICOR Adjust.
NICOR Gas Birdsall, Oil and Gas Energy and
Inc. Company Inc. Corporation Services NGS, Inc. Elims. Consolidated
ASSETS
Current assets
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cash and cash equivalents $ .7 $ 1.1 $ 8.9 $ 18.2 $ .8 $ .4 $ (19.4) $ 10.7
Short-term investments at cost
which approximates market 28.6 .7 29.3
Receivables,
less allowance of $7.3 108.8 275.6 15.7 21.6 (113.1) 308.6
Gas in storage, at last-in,
first-out cost 120.8 120.8
Deferred gas cost 42.4 42.4
Other 1.7 11.6 3.1 .7 17.1
111.2 451.5 56.3 41.2 .8 .4 (132.5) 528.9
Investments in continuing
subsidiaries 842.8 (842.8) 0.0
Investments and other 9.2 28.0 6.9 4.0 (.5) 47.6
Property, plant and equipment,
at cost
Gas distribution 2,531.2 36.3 2,567.5
Shipping 211.8 211.8
Oil and gas 848.0 848.0
2,531.2 211.8 848.0 - - 36.3 3,627.3
Less accumulated depreciation
and depletion 1,033.0 87.4 707.9 36.3 1,864.6
1,498.2 124.4 140.1 - - 0.0 1,762.7
$ 963.2 $1,977.7 $ 187.6 $ 185.3 $ .8 $ .4 $ (975.8) $2,339.2
</TABLE>
<TABLE>
NICOR Inc. Exhibit A-2
Consolidating Balance Sheet Page 2 of 4
December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Northern
Illinois NICOR NICOR Adjust.
NICOR Gas Birdsall, Oil and Gas Energy and
Inc. Company Inc. Corporation Services NGS, Inc. Elims. Consolidated
LIABILITIES AND CAPITALIZATION
Current liabilities
Long-term obligations due
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
within one year $ .3 $ 63.2 $ $ $ $ .5 $ (.5) $ 63.5
Short-term borrowings 84.0 244.0 35.0 64.0 (84.0) 343.0
Accounts payable 29.8 195.6 13.0 22.7 .3 (26.3) 235.1
Accrued taxes and interest (10.5) 73.6 (1.4) 2.6 (29.5) 34.8
Other 17.4 .5 17.9
121.0 576.9 46.6 89.3 .3 .5 (140.3) 694.3
Deferred credits and other
liabilities
Deferred income taxes 58.0 234.3 19.0 29.0 (.2) 16.7 356.8
Unamortized investment
tax credits 58.2 58.2
Other 55.3 32.4 4.6 1.5 (10.0) 83.8
113.3 324.9 23.6 30.5 (.2) 6.7 498.8
Capitalization
First Mortgage Bonds 417.2 417.2
Preferred and preference stock
Redeemable 17.2 10.6 (10.6) 17.2
Nonredeemable .1 1.4 (1.4) .1
Common stock 139.4 76.2 .5 .4 1.0 (78.1) 139.4
Paid-in capital 181.3 107.6 38.6 (146.2) 181.3
Retained earnings
(since Dec. 31, 1985) 390.9 462.9 116.9 26.5 (.3) (.1) (605.9) 390.9
Total Capitalization 728.9 1,075.9 117.4 65.5 .7 (.1) (842.2) 1,146.1
$ 963.2 $1,977.7 $ 187.6 $ 185.3 $ .8 $ .4 $ (975.8) $2,339.2
</TABLE>
<TABLE>
Birdsall, Inc. Exhibit A-2
Consolidating Balance Sheet Page 3 of 4
December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Tropical
Shipping & Birdsall Adjustments
Construction Shipping Birdsall Other and
Company Ltd. S.A. Inc. Subsidiaries* Eliminations Consolidated
ASSETS
Current assets
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cash and cash equivalents $ 7.8 $ $ .2 $ .9 $ $ 8.9
Short-term investments, at cost
which approximates market 28.6 28.6
Receivables,
less allowances of $1.2 43.7 7.5 4.8 (40.3) 15.7
Other 1.1 1.4 .6 3.1
81.2 - 9.1 6.3 (40.3) 56.3
Investments in continuing
subsidiaries 1.1 6.4 6.6 (14.1) -
Investments and other .7 3.6 2.6 6.9
Property, plant and equipment,
at cost
Shipping 85.4 61.0 56.3 8.0 1.1 211.8
Less accumulated depreciation 37.4 13.6 31.2 3.4 1.8 87.4
48.0 47.4 25.1 4.6 (.7) 124.4
$ 130.3 $ 47.4 $ 41.3 $ 21.1 $ (52.5) $ 187.6
<F1>
* Aggregating less than 2% of NICOR Inc. revenues and assets.
</TABLE>
<TABLE>
Birdsall, Inc. Exhibit A-2
Consolidating Balance Sheet Page 4 of 4
December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Tropical
Shipping & Birdsall Adjustments
Construction Shipping Birdsall Other and
Company Ltd. S.A. Inc. Subsidiaries* Eliminations Consolidated
LIABILITIES AND CAPITALIZATION
Current liabilities
<S> <C> <C> <C> <C> <C> <C>
Short-term borrowings $ $ $ 35.0 $ $ $ 35.0
Accounts payable 6.7 26.8 6.7 13.1 (40.3) 13.0
Accrued taxes and interest (1.4) (1.4)
6.7 26.8 40.3 13.1 (40.3) 46.6
Deferred credits and other
liabilities
Deferred income taxes 19.0 19.0
Other .4 .4 .3 1.0 2.5 4.6
.4 .4 19.3 1.0 2.5 23.6
Capitalization
Preferred and preference stock 2.0 (2.0) -
Common stock .5 .8 (.8) .5
Paid-in capital .2 6.4 (6.6) -
Retained earnings 121.2 20.0 (18.8) (.2) (5.3) 116.9
123.2 20.2 (18.3) 7.0 (14.7) 117.4
$ 130.3 $ 47.4 $ 41.3 $ 21.1 $ (52.5) $ 187.6
<F1>
* Aggregating less than 2% of NICOR Inc. revenues and assets.
</TABLE>
<TABLE>
NICOR Inc. Exhibit A-3
Consolidating Statement of Retained Earnings Page 1 of 2
December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Northern
Illinois NICOR NICOR Adjust.
NICOR Gas Birdsall, Oil and Gas Energy and
Inc. Company Inc. Corporation Services NGS, Inc. Elims. Consolidated
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Balance at beginning of year $ 349.5 $ 436.4 $ 131.0 $ 18.5 $ $ (.1) $ (585.8) $ 349.5
Net income (loss) 108.3 91.2 3.4 10.4 (.3) (104.7) 108.3
Dividends on common stock (65.7) (64.1) (17.5) (2.4) 84.0 (65.7)
Dividends on preferred and
preference stock (1.2) (.6) .6 (1.2)
Balance at end of year $ 390.9 $ 462.9 $ 116.9 $ 26.5 $ (.3) $ (.1) $ (605.9) $ 390.9
</TABLE>
<TABLE>
Birdsall, Inc. Exhibit A-3
Consolidating Statement of Retained Earnings Page 2 of 2
December 31, 1992 (Unaudited)
(Millions)
<CAPTION>
Tropical
Shipping & Birdsall Adjustments
Construction Shipping Birdsall Other and
Company Ltd. S.A. Inc. Subsidiaries* Eliminations Consolidated
<S> <C> <C> <C> <C> <C> <C>
Balance at beginning of year $ 153.5 $ 16.7 $ (46.0) $ 12.2 $ (5.4) $ 131.0
Net income (loss) 19.1 3.3 44.7 (5.1) (58.6) 3.4
Dividends on common stock (51.2) (17.5) (7.3) 58.5 (17.5)
Dividends on preferred stock (.2) .2 -
Balance at end of year $ 121.2 $ 20.0 $ (18.8) $ (.2) $ (5.3) $ 116.9
<F1>
* Aggregating less than 2% of NICOR Inc. revenues and assets.
</TABLE>
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