Appendix A
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Carolina Power & Light Company
(ORGANIZED UNDER THE LAWS OF NORTH CAROLINA)
CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(NOT AUDITED BY INDEPENDENT AUDITORS)
SEPTEMBER 30, 1997
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STATEMENTS OF INCOME
Three Months Ended Nine Months Ended Twelve Months Ended
September 30 September 30 September 30
(In thousands except per share amounts) 1997 1996 1997 1996 1997 1996
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Operating Revenues $ 906,841 $ 831,590 $ 2,288,948 $ 2,301,143 $ 2,983,519 $ 3,021,994
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Operating Expenses
Fuel 145,524 141,139 397,774 391,660 521,165 512,778
Purchased power 120,242 108,621 294,406 320,298 386,662 420,904
Other operation and maintenance 152,801 196,123 494,610 538,886 685,864 733,579
Depreciation and amortization 119,590 94,283 358,590 280,169 465,348 372,110
Taxes other than on income 36,761 37,364 105,286 110,020 135,744 141,178
Income tax expense 115,213 82,123 198,078 226,390 241,452 291,832
Harris Plant deferred costs, net 5,429 7,812 19,173 20,201 25,687 27,372
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Total Operating Expenses 695,560 667,465 1,867,917 1,887,624 2,461,922 2,499,753
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Operating Income 211,281 164,125 421,031 413,519 521,597 522,241
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Other income
Allowance for equity funds used during
construction 2 4 118 2,226 (2,097) 2,905
Income tax credit 4,789 5,488 9,914 14,319 9,443 22,327
Harris Plant carrying costs 1,107 1,530 3,610 5,888 5,021 7,811
Interest income 3,227 689 15,412 2,864 16,610 4,117
Other income, net (6,695) 2,374 (11,173) 14,372 11,795 9,642
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Total Other Income 2,430 10,085 17,881 39,669 40,772 46,802
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Income Before Interest Charges 213,711 174,210 438,912 453,188 562,369 569,043
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Interest Charges
Long-term debt 40,630 42,408 121,778 130,437 163,962 177,000
Other interest charges 6,191 3,833 16,508 15,738 19,925 19,307
Allowance for borrowed funds used during
construction (939) (1,190) (3,754) (3,148) (7,014) (4,129)
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Net Interest Charges 45,882 45,051 134,532 143,027 176,873 192,178
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Net Income 167,829 129,159 304,380 310,161 385,496 376,865
Preferred Stock Dividend Requirements (2,167) (2,402) (5,310) (7,206) (7,713) (9,609)
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Earnings for Common Stock $ 165,662 $ 126,757 $ 299,070 $ 302,955 $ 377,783 $ 367,256
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Average Common Shares Outstanding 143,800 143,738 143,591 143,724 143,522 143,881
Earnings per Common Share $ 1.15 $ 0.88 $ 2.08 $ 2.11 $ 2.63 $ 2.55
Dividends Declared per Common Share $ 0.470 $ 0.455 $ 1.410 $ 1.365 $ 1.880 $ 1.820
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See Supplemental Data and Notes to Consolidated Interim
Financial Statements.