The tables below present unaudited quarterly financial information for 1994 and 1993:
1994
Three Months Ended
March 31 June 30 September 30 December 31
($ thousands, except per share amount)
Operating revenues $ 264,981 $ 210,760 $ 294,251 $ 328,429
Operating expenses and costs 252,363 212,331 274,753 310,859
Operating income (loss) 12,618 (1,571) 19,498 17,570
Other expense - net 2,382 2,483 2,767 3,844
Income taxes (credit) 4,661 (646) 7,530 6,387
Net income (loss) $ 5,575 $ (3,408) $ 9,201 $ 7,339
Net income (loss) per share $ .23 $ (.23) $ .42 $ .32
Average shares outstanding - Note H 19,339,389 19,200,077 19,306,326 19,491,560
1993
Three Months Ended
March 31 June 30 September 30 December 31
($ thousands, except per share amount)
Operating revenues $ 229,210 $ 244,622 $ 267,106 $ 268,980
Operating expenses and costs 221,415 234,243 247,718 255,173
Operating income 7,795 10,379 19,388 13,807
Other expense - net 3,334 2,069 2,504 3,212
Income taxes 2,299 3,879 8,130 4,970
Income before extraordinary item 2,162 4,431 8,754 5,625
Loss on extinguishment of debt (167) (162) - (332)
Net income $ 1,995 $ 4,269 $ 8,754 $ 5,293
Income per common share before
extraordinary item $ .08 $ .18 $ .38 $ .24
Loss on extinguishment of debt
per common share (.01) (.01) - (.02)
Net income per common share $ .07 $ .17 $ .38 $ .22
Average common shares outstanding 19,194,595 19,127,064 22,971,916 19,288,988
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