THE BROOKLYN UNION GAS COMPA CONDENSED CONSOLIDATED STA (Unaudited) Three Months Ended December 31, _________________________ 1993 1992 ___________ ___________ (Thousands of Do Operating Revenues Utility sales $ 354,848 $ 335,915 $ Gas production and other 16,630 12,452 ___________ ___________ 371,478 348,367 Operating Expenses Cost of Gas 145,624 134,266 Operation and maintenance 93,812 88,420 Depreciation and depletion 17,304 15,135 General taxes 39,349 39,047 Federal income tax (credit) 22,264 21,003 ___________ ___________ Operating Income 53,125 50,496 Other Income Gain on sale of investment in Canadian gas company - - Write-off of investment in propane company - - Inc. from energy serv. investments 1,480 1,638 Other income(loss),net (69) 49 Federal income tax benefit(expense) 92 (231) ----------- ----------- Income Before Interest Charges 54,628 51,952 ----------- ----------- Interest Charges Long-term debt 11,859 11,141 Other 606 285 ----------- ----------- 12,465 11,426 ----------- ----------- Net Income (Loss) 42,163 40,526 Dividends on Preferred Stock 90 93 ----------- ----------- Income Available for Common Stock $ 42,073 $ 40,433 $ =========== =========== Per Share of Common Stock * $ 0.90 $ 0.93 $ =========== =========== Dividends Declared per Share of Common Stock * $ 0.338 $ 0.330 $ =========== =========== Average Common Shares Outstanding * 46,515,782 43,618,982 =========== =========== * Restated for three for two stock split effective July 1993. See accompanying notes to condensed consolidated financial statements 3 NY AND SUBSIDIARIES TEMENT OF INCOME Twelve Months Ended December 31, __________________________ 1993 1992 ___________ ___________ llars) [C] 1,164,248 $ 1,076,204 65,451 40,338 ___________ ___________ 1,229,699 1,116,542 475,820 417,726 371,295 346,145 66,948 75,344 145,129 139,342 43,694 33,779 ___________ ___________ 126,813 104,206 20,462 - (17,617) - 997 605 (3,965) 2,159 652 307 ----------- ----------- 127,342 107,277 ----------- ----------- 46,062 41,544 3,081 2,255 ----------- ----------- 49,143 43,799 ----------- ----------- 78,199 63,478 361 1,225 ----------- ----------- 77,838 $ 62,253 =========== =========== 1.74 $ 1.44 =========== =========== 1.328 $ 1.300 =========== =========== 44,766,565 43,180,998 =========== =========== .