Years Ended December 31,
Costs and Expenses
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| Years Ended December 31, |
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| (Millions, except per-share amounts) | 1997 | 1996 | 1995 | |
| Revenues | Gas Pipelines (Note 4) | $1683.9 | $1675.2 | $1431.1 |
| Energy Services (Note 4) | 1,504.9 | 1,453.1 | 1,077.4 | |
| Communications (Note 2) | 1,445.3 | 711.3 | 538.9 | |
| Other | 38.4 | 48 | 17.4 | |
| Intercompany eliminations (Note 17) | (262.9) | (356.4) | (209.1) | |
| Total revenues | 4,409.6 | 3,531.2 | 2,855.7 | |
| Profit-Center Costs and Expenses |
Costs and operating expenses | 2,664.5 | 2,064.1 | 1,700.7 |
| Selling, general and administrative expenses | 780.1 | 585.5 | 488.8 | |
| Other (income) expense ó net (Note 6) | 38.6 | (19.8) | (4.5) | |
| Total profit-center costs and expenses | 3,483.20 | 2,629.8 | 2,185.0 | |
| Operating Profit | Gas Pipelines (Note 4) | 614.2 | 562.4 | 389.7 |
| Energy Services (Note 4) | 360.9 | 332.3 | 257.5 | |
| Communications (Notes 2 and 6) | (55.7) | 6.6 | 25 | |
| Other | 7 | .1 | (1.5) | |
| Total operating profit | 926.4 | 901.4 | 670.7 | |
| General corporate expenses | (50.9) | (41.4) | (37.7) | |
| Interest accrued | (404.5) | (359.9) | (277.9) | |
| Interest capitalized | 15.9 | 6.9 | 14.5 | |
| Investing income (Note 5) | 19.2 | 18.8 | 93.9 | |
| Gain on sale of interest in subsidiary (Note 2) | 44.5 | – | – | |
| Gain (loss) on sales of assets (Note 6) | – | 15.7 | (12.6) | |
| Write-off of project costs (Note 6) | – | – | (41.4) | |
| Minority interest in income of consolidated subsidiaries (Note 2) | (14) | – | (10) | |
| Other income (expense) ó net | (8.1) | 3.9 | 1.9 | |
| Income from continuing operations before income taxes | 528.5 | 545.4 | 401.4 | |
| Provision for income taxes (Note 7) | 178 | 183.1 | 102 | |
| Income from continuing operations | 350.5 | 362.3 | 299.4 | |
| Income from discontinued operations (Note 3) | – | – | 1,018.8 | |
| Income before extraordinary loss | 350.5 | 362.3 | 1,318.2 | |
| Extraordinary loss (Note 8) | (79.1) | – | – | |
| Net income | 271.4 | 362.3 | 1,318.2 | |
| Preferred stock dividends (Note 15) | 9.8 | 10.4 | 15.3 | |
| Income applicable to common stock | $261.6 | $351.90 | $1302.9 | |
| Earnings Per Share | Basic earnings per common share (Notes 1 and 9): | |||
| Income from continuing operations | $1.06 | $1.10 | $0.94 | |
| Income from discontinued operations (Note 3) | – | – | 3.36 | |
| Income before extraordinary loss | 1.06 | 1.1 | 4.3 | |
| Extraordinary loss (Note 8) | (.25) | – | – | |
| Net income | $.81 | $1.10 | $4.30 | |
| Diluted earnings per common share (Notes 1 and 9): | ||||
| Income from continuing operations | $1.04 | $1.07 | $.92 | |
| Income from discontinued operations (Note 3) | – | – | 3.25 | |
| Income before extraordinary loss | 1.04 | 1.07 | 4.17 | |
| Extraordinary loss (Note 8) | (.24) | – | – | |
| Net income | $.80 | $1.07 | $4.17 | |
| See accompanying notes. | ||||