APPENDIX
Carolina Power & Light Company
(ORGANIZED UNDER THE LAWS OF NORTH CAROLINA)
CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(NOT AUDITED BY INDEPENDENT AUDITORS)
March 31, 1996
STATEMENTS OF INCOME
Three Months Ended Twelve Months Ended
March 31 March 31
(In thousands except per share amounts) 1996 1995 1996 1995
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Operating Revenues $ 783,585 $ 728,238 $3,061,899 $2,860,367
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Operating Expenses
Operation - fuel 137,566 133,271 534,107 515,748
purchased power 105,989 93,659 422,270 396,419
other 122,356 127,078 536,725 536,232
Maintenance 47,044 40,755 202,874 200,529
Depreciation and amortization 92,478 90,275 366,730 382,953
Taxes other than on income 38,564 38,920 143,687 142,025
Income tax expense 77,095 61,416 274,903 202,453
Harris Plant deferred costs, net 8,065 6,605 29,588 26,456
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Total Operating Expenses 629,157 591,979 2,510,884 2,402,815
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Operating Income 154,428 136,259 551,015 457,552
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Other Income
Allowance for equity funds used during construction 1,035 913 3,472 4,724
Income tax credit 4,413 3,290 19,664 9,131
Harris Plant carrying costs 1,809 2,219 7,886 9,410
Interest income 1,134 2,588 7,226 15,863
Other income, net 6,199 4,021 11,244 23,124
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Total Other Income 14,590 13,031 49,492 62,252
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Income Before Interest Charges 169,018 149,290 600,507 519,804
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Interest Charges
Long-term debt 44,676 46,593 185,480 183,108
Other interest charges 6,912 6,028 26,781 17,896
Allowance for borrowed funds used during construction (916) (1,364) (4,670) (3,576)
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Net Interest Charges 50,672 51,257 207,591 197,428
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Net Income 118,346 98,033 392,916 322,376
Preferred Stock Dividend Requirements (2,402) (2,402) (9,609) (9,609)
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Earnings for Common Stock $ 115,944 $ 95,631 $ 383,307 $ 312,767
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Average Common Shares Outstanding (Note 4) 143,625 147,270 145,329 148,738
Earnings per Common Share (Note 4) $ 0.81 $ 0.65 $ 2.64 $ 2.10
Dividends Declared per Common Share $ 0.455 $ 0.440 $ 1.790 $ 1.730
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See Supplemental Data and Notes to Financial Statements.