DTE Energy 2008 Annual Report Download - page 6

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MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
See Notes to Consolidated Financial Statements
4
Year Ended December 31
(in Millions) 2008 2007 2006
O
p
eratin
g
Revenues $2,115 $1,842 $1,811
Operating Expenses
Cost of gas 1,351 1,139 1,127
Operation and maintenance 464 422 421
Depreciation and amortization 102 93 95
Taxes other than income 47 55 53
Asset gains, ne
t
(26) (3)
—
1,938 1,706 1,696
O
p
eratin
g
Income 177 136 115
Other (Income) and Deductions
Interest expense 65 60 67
Interest income (8) (10) (12)
Other income (11) (12)(8)
Other expenses 13 44
59 42 51
Income Before Income Taxes
118 94 64
Income Tax Provision 38 23 12
Net Income $80
$71 $52