DTE Energy 2007 Annual Report Download - page 6

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MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31
(in Millions) 2007 2006 2005
Operating Revenues $ 1,842 $ 1,811 $ 2,098
Operating Expenses
Cost of gas 1,139 1,127 1,455
Operation and maintenance 422 421 411
Depreciation and amortization 93 95 97
Taxes other than income 55 53 42
Asset (gains) and losses, net (3) —
48
1,706 1,696 2,053
Operating Income 136 115 45
Other (Income) and Deductions
Interest expense 60 67 57
Interest income (10) (12) (10)
Other income (12) (8) (4)
Other expenses 4 4 3
42 51 46
Income (Loss) Before Income Taxes 94 64 (1)
Income Tax Provision (Benefit) 23 12 (14)
Net Income $ 71 $ 52 $ 13
See Notes to Consolidated Financial Statements
4