Financial Highlights
Power Program
At September 30 or for the years ended September 30, as appropriate (in millions)
|
2003 |
2002 |
Percent Change |
| |
|
|
|
| Summary statements of income |
|
|
|
| Operating revenues |
$ 6,952 |
$ 6,796 |
2 |
| Operating expenses |
(5,375) | (5,147) |
4 |
| Operating income |
1,577 | 1,649 |
(4) |
| Other income, net |
12 |
7 |
NM* |
| Loss on plant cancellation |
– |
(154) |
NM |
| Interest expense, net |
(1,350) |
(1,429) |
(6) |
| Income before cumulative effects of accounting changes |
239 |
73 |
227 |
| Cumulative effects of accounting changes |
217 |
– |
NM |
| Net income (loss) |
$ 456 |
$ 73 |
525 |
| |
|
|
|
| Total assets |
$ 32,393 |
$ 30,158 |
7 |
| |
|
|
|
| Discount notes |
$ 2,080 |
$ 3,492 |
(40) |
| Long-term debt, including current maturities |
22,795 |
21,763 |
5 |
| Total indebtedness |
$ 24,875 |
$ 25,255 |
(2) |
| |
|
|
|
| Cash flows from operations |
$ 1,632 |
$ 1,347 |
21 |
| Construction expenditures |
$ 1,693 |
$ 1,231 |
38 |
*NM = Not meaningful
Next: Power System Statistics
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