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SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 11/07/2013
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SOUTHERN UNION COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(unaudited)

 
 
Three Months Ended
September 30, 2013
 
Three Months Ended
September 30, 2012
OPERATING REVENUES
 
$
182

 
$
404

OPERATING EXPENSES:
 
 
 
 
Cost of natural gas and other energy
 
1

 
164

Operating, maintenance and general
 
73

 
98

Depreciation and amortization
 
41

 
67

Total operating expenses
 
115

 
329

OPERATING INCOME
 
67

 
75

OTHER INCOME (EXPENSE):
 
 
 
 
Interest expense, net of interest capitalized
 
(39
)
 
(34
)
Earnings (losses) from unconsolidated investments
 
9

 
(1
)
Other, net
 
3

 
(1
)
Total other expenses, net
 
(27
)
 
(36
)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE
 
40

 
39

Income tax expense (benefit) from continuing operations
 
(5
)
 
27

INCOME FROM CONTINUING OPERATIONS
 
45

 
12

Income from discontinued operations
 
13

 
5

NET INCOME
 
$
58

 
$
17



























The accompanying notes are an integral part of these condensed consolidated financial statements.

3

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