Operating Income. 480,349 -------- 75,273 171,680 -------- 34,944 -------- 652,029 -------- 110,217 Other Income and Deductions (net of taxes)............. 2,242 3,837 6,079 Income Before Interest -------- -------- -------- -------- Charges.................... Interest Charges: 77,515 38,781 116,296 Long-term debt............ 26,499 13,424 39,923 Other..................... 7,160 1,224 8,384 Allowance for borrowed funds used during construction (credit).... (933) (390) (1,323) -------- -------- -------- -------- Total interest charges.. Net Income.................. 32,726 -------- 44,789 14,258 -------- 24,523 -------- 46,984 -------- 69,312 Preferred and Preference Dividends.................. 3,355 957 4,312 Earnings Applicable to -------- -------- -------- -------- Common Stock............... Average Common Shares $ 41,434 ======== $ 23,566 ======== $ ======== $ 65,000 ======== Outstanding................ 63,164 61,902 758 125,824 Earnings per Average Common Share Outstanding.......... $ 0.66 $ 0.38 $ 0.52 Dividends Declared per Common Share............... $ 0.515 $ 0.39 $ 0.52 The accompanying Notes to Unaudited Pro Forma Combined Financial Information are an integral part of this statement and should be read in their entirety. 61 UNAUDITED PRO FORMA COMBINED STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1995 WESTERN RESOURCES KCPL PRO FORMA PRO FORMA (AS REPORTED) (AS REPORTED) ADJUSTMENTS COMBINED ------------- ------------- ----------- ---------- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Operating Revenues: Electric................. $1,145,895 $885,955 $ $2,031,850 Natural gas.............. 426,176 -- 426,176 ---------- -------- ---- ---------- Total operating revenues............ 1,572,071 885,955 2,458,026 ---------- -------- ---- ---------- Operating Expenses: Fuel..................... 231,419 139,371 370,790 Power purchased.......... 15,739 38,783 54,522 Natural gas purchases.... 263,790 -- 263,790 Operations and maintenance............. 425,920 257,038 682,958 Depreciation and amortization............ 156,915 109,832 266,747 Amortization of phase-in revenues................ 17,545 -- 17,545 Income taxes............. 88,520 77,062 165,582 General taxes............ 96,839 96,821 193,660 ---------- -------- ---- ---------- Total operating expenses............ 1,296,687 718,907 2,015,594 ---------- -------- ---- ---------- Operating Income........... 275,384 167,048 442,432 Other Income and Deductions (net of taxes)............ 25,907 10,060 35,967 ------...
Operating Income. Operating Income of the Partnership for each taxable year of the Partnership shall be allocated among the Partners as follows:
Operating Income. Operating Income shall mean the Company’s operating income as set forth on the audited consolidated statement of operations of the Company and its subsidiaries for the applicable fiscal year.
Operating Income. The Committee will calculate the Company’s Operating Income as the Company’s three-year cumulative Adjusted Operating Income (Non-GAAP) for the Company’s fiscal years 2014 through 2016, as adjusted, both positively and negatively, for the following items as approved by the Compensation Committee: impacts of unplanned acquisitions and divestitures; impairment charges related to goodwill, other intangible assets, and long-lived assets (non-cash); unplanned costs and benefits related to real estate strategy including, but not limited to, lease terminations or facility closure obligations; and unplanned legal expenses related to attorneys’ fees, settlements, and judgments; and any additional unplanned and extraordinary events (as determined by the Committee) for which the Committee determines adjustments should be made. All calculations related to foreign exchange rates will be calculated based on the foreign exchange rate used in the Company’s 2014 through 2016 annual operating plans, as applicable.
Operating Income. The Company shall not permit (as of the end of any fiscal quarter) its operating income to be less than $.01.
Operating Income. The Restricted Shares earned under the Operating Income metric shall be determined based upon the Company’s cumulative Operating Income for the Performance Period, as determined by the Committee, and the Operating Income Restricted Shares matrix attached hereto as Exhibit A.
Operating Income. Maintain, as of the last day of each Fiscal Quarter, a ratio of (i) aggregate segment operating income of the Regulated Subsidiaries, to (ii) consolidated total segment operating income (excluding corporate and other) in each case determined consistently with GAAP and consistently with the past practices of Borrower for the twelve month period then ended, of not less than 0.65 to 1.00.
Operating Income. Any Operating Income remaining after the allocations set forth above in excess of Operating Loss will be allocated among the Partners holding Ordinary Partnership Interests in proportion to, and to the extent of, distributions to be made with respect to such OPIs under Section 5.5(b), then in proportion to, and to the extent of, negative Adjusted Capital Account balances for one or more OPIs, and then in accordance with Percentage Interests.
Operating Income. For each Taxable Year, Operating Income shall be allocated in the following order of priority:
Operating Income. For the purposes hereof, Operating Income shall consist of Gross Revenues less normal operating expenses including, but not limited to, rent, utilities, employee compensation, other labor and material costs and the like as well as expenses of Urecoats Industries, Inc. or its subsidiaries directly related to Employer's operations such as legal, accounting and bookkeeping expenses. Income taxes shall not be deducted in determining Operating Income. Also, Operating Income will not include or be affected by "extraordinary items" of gains or loss as that term is defined under generally accepted accounting principles (hereinafter "GAAP") and shall not include or be affected by any gains, losses or profits realized from the sale of any assets other than in the ordinary course of business.
