CINERGY CORP.
BALANCE SHEET
As of September 30, 2000
(unaudited)
(dollars in thousands)
ASSETS
Actual
Current Assets
Cash and cash equivalents $ 8,184
Notes receivable from affiliated companies 7,360
Accounts receivable less accumulated provision
for doubtful accounts of $0 at September 30,
2000, and $0 at December 31, 1999 704
Accounts receivable from affiliated companies 589,984
Prepayments and other 1,273
Total Current Assets 607,505
Other Assets
Investments in consolidated subsidiaries 2,902,147
Investments in unconsolidated subsidiaries (4,100)
Other 8,907
Total Other Assets 2,906,954
Total Assets $ 3,514,459
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CINERGY CORP.
BALANCE SHEET
As of September 30, 2000
(unaudited)
(dollars in thousands)
LIABILITIES AND SHAREHOLDERS EQUITY
Actual
Current Liabilities
Accounts payable $ (35)
Accounts payable to affiliated companies 16,420
Accrued taxes (1,822)
Accrued interest 10,063
Notes payable and other short-term obligations 325,050
Total Current Liabilities 349,676
Non-Current Liabilities
Long-term debt 399,718
Deferred income taxes (438)
Other 67
Total Non-Current Liabilities 399,347
Total Liabilities 749,023
Common Stock Equity
Common stock - $.01 par value; authorized
shares - 600,000,000; outstanding shares -
158,967,661 at September 30, 2000, and
158,923,399 at December 31, 1999 1,590
Paid-in capital 1,616,456
Retained earnings 1,158,328
Accumulated other comprehensive income (loss) (10,938)
Total Common Stock Equity 2,765,436
Total Liabilities and Shareholders' Equity $3,514,459
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CINERGY CORP.
STATEMENT OF INCOME
For the twelve months ended September 30, 2000
(unaudited)
(in thousands, except per share amounts)
Actual
Operating Expenses
Operation and maintenance $ 8,292
Taxes other than income taxes 619
Total Operating Expenses 8,911
Operating Income (Loss) (8,911)
Equity in Earnings of Consolidated
Subsidiaries 413,689
Miscellaneous - Net 30,366
Interest Expense 37,190
406,865
Income Before Taxes 397,954
Income Taxes (5,190)
Net Income $ 403,144
Average Common Shares Outstanding 158,927
Earnings Per Common Share
Net income $2.53
Earnings Per Common Share - Assuming Dilution
Net income $2.52
Dividends Declared Per Common Share $1.80
