Spreadsheet: mary_fischer__25815__Model from Steve 07_27
Sheet: Monthly

ENRON CORP (Consolidated) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | O:\Corporate\Tax\lotus\2001 Current Estimate\2nd CE\Corp Planning Models\[Model from [NAME] 07_27.xls]Monthly
2001 CURRENT ESTIMATE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-07-31 13:32:05.860000
RESULTS OF OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-07-31 13:32:05.860000
(Millions of Dollars)
 |  |  | JAN |  | FEB |  | MAR |  | APR |  | MAY |  | JUN |  | JUL |  | AUG |  | SEP |  | OCT |  | NOV |  | DEC |  | TOTAL |  | 1st Qtr |  | 2nd Qtr |  | [NAME] |  | [NAME] |  | Total |  | Current Working Targets
Operating Revenues |  |  | 15061.14204945 |  | 10748.28951027 |  | 26205.24729573 |  | 13351.76649675 |  | 16905.30014033 |  | 21798.83788889 |  | 10872.05582166665 |  | 10810.49195266665 |  | 12086.5077926667 |  | 11895.48436632198 |  | 11968.53714067398 |  | 14333.31887800403 |  | 176036.97933342 |  | 52014.67885545001 |  | 52055.90452596999 |  | 33769.055567 |  | 38197.340385 |  | 176036.97933342
Cost of Sales |  |  | 14684.49824588 |  | 10358.35859328 |  | 24981.502377 |  | 13232.96197931 |  | 16495.70344314 |  | 20418.66161251001 |  | 10497.92982333333 |  | 10439.33608633333 |  | 11577.36008633333 |  | 11394.144753 |  | 11460.200753 |  | 13479.274745 |  | 169019.93249812 |  | 50024.35921616 |  | 50147.32703496001 |  | 32514.625996 |  | 36333.620251 |  | 169019.93249812
GROSS MARGIN |  |  | 376.6438035700012 |  | 389.9309169899989 |  | 1223.744918730004 |  | 118.8045174399995 |  | 409.5966971900016 |  | 1380.176276379989 |  | 374.1259983333166 |  | 371.1558663333144 |  | 509.1477063333696 |  | 501.3396133219831 |  | 508.3363876739804 |  | 854.0441330040321 |  | 7017.046835299991 |  | 1990.319639290014 |  | 1908.577491009986 |  | 1254.429570999993 |  | 1863.720133999996 |  | 7017.046835299989
Operating & Processing Expense
 | Operation & maintenance |  | 186.86357169 |  | 231.92764178 |  | 578.93084472 |  | 306.53160089 |  | 302.02317347 |  | 409.3983013599999 |  | 285.5242558932454 |  | 339.9768866160784 |  | 412.4222604942341 |  | 276.8868677408069 |  | 273.9656317460118 |  | 489.6069356314543 |  | 4094.057972031831 |  | 997.72205819 |  | 1017.95307572 |  | 1037.923403003558 |  | 1040.459435118273 |  | 4094.057972031831
 | Compressor fuel expense |  | -4.8 |  | -4.6 |  | -1.8 |  | -11.1 |  | 21.4 |  | 0.5 |  | 16.7 |  | 17.3 |  | 17.2 |  | 16.8 |  | 17 |  | 17.2 |  | 101.8 |  | -11.2 |  | 10.8 |  | 51.2 |  | 51 |  | 101.8
 | Lease and well expense |  | 0.6 |  | 0.6 |  | 0.9 |  | 0.2 |  | 0.3 |  | 0.5 |  | 1.1 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 4.2 |  | 2.1 |  | 1 |  | 1.1 |  | 0 |  | 4.2
 | Oil & gas exploration expenses |  | 0.1 |  | 0.2 |  | 2.9 |  | 0.1 |  | 0.2 |  | 0.1 |  | 0.2 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 3.8 |  | 3.2 |  | 0.4 |  | 0.2 |  | 0 |  | 3.8
 | Transmission/compression & storage |  | 3.7 |  | 3.3 |  | 4.4 |  | 3.1 |  | 3.2 |  | 2.9 |  | 1.7 |  | 1.8 |  | 1.8 |  | 1.7 |  | 2.3 |  | 2.3 |  | 32.2 |  | 11.4 |  | 9.2 |  | 5.3 |  | 6.3 |  | 32.2
 | Depreciation, depletion & amortization |  | 61.32100997000001 |  | 67.60941004 |  | 72.99239278 |  | 75.56454941999999 |  | 48.73017938000001 |  | 103.70222811 |  | 56.31644249839745 |  | 16.04018116842593 |  | 59.05563092386181 |  | 74.21465851385103 |  | 74.2051874371736 |  | 91.57661969529352 |  | 801.3284899370034 |  | 201.92281279 |  | 227.99695691 |  | 131.4122545906852 |  | 239.9964656463181 |  | 801.3284899370034
 | Amortization of fair value adjustment |  | 3.758648 |  | 3.758648 |  | 3.758648 |  | 3.806628 |  | 3.758628 |  | 3.758648 |  | 2.023353 |  | 2.023353 |  | -0.3766469999999997 |  | 2.023353 |  | 2.023353 |  | 0.4233530000000001 |  | 30.739966 |  | 11.275944 |  | 11.323904 |  | 3.670059000000001 |  | 4.470059000000001 |  | 30.739966
 | Taxes other than income |  | 28.19665307 |  | 39.3830555 |  | 19.05201322 |  | 29.93144761999999 |  | 19.38232056 |  | 27.71183634 |  | 15.8565301666236 |  | 16.51432649997544 |  | 16.87164549997243 |  | 16.51894449997395 |  | 16.14353549996774 |  | 16.73024550001175 |  | 262.2925539765249 |  | 86.63172179 |  | 77.02560451999997 |  | 49.24250216657146 |  | 49.39272549995344 |  | 262.2925539765249
 |  | Total | 279.73988273 |  | 342.17875532 |  | 681.13389872 |  | 408.13422593 |  | 398.9943014099999 |  | 548.57101381 |  | 379.4205815582665 |  | 393.6547472844798 |  | 506.9728899180684 |  | 388.1438237546319 |  | 385.6377076831531 |  | 617.8371538267596 |  | 5330.41898194536 |  | 1303.05253677 |  | 1355.69954115 |  | 1280.048218760815 |  | 1391.618685264544 |  | 5330.41898194536
OPERATING INCOME |  |  | 96.9039208400012 |  | 47.75216166999888 |  | 542.6110200100044 |  | -289.3297084900005 |  | 10.60239578000164 |  | 831.6052625699889 |  | -5.294583224949861 |  | -22.4988809511654 |  | 2.174816415301166 |  | 113.1957895673512 |  | 122.6986799908273 |  | 236.2069791772725 |  | 1686.627853354631 |  | 687.2671025200136 |  | 552.8779498599863 |  | -25.61864776082166 |  | 472.1014487354512 |  | 1686.627853354629
Other Income (Deductions)
 | Equity earnings |  | 12.633265 |  | 24.019991 |  | 37.49519100000001 |  | 26.489911 |  | 14.444871 |  | 59.32980600000002 |  | 19.413256 |  | 6.000255999999999 |  | -21.773791 |  | 20.691813 |  | 21.826634 |  | -11.465079 |  | 209.1061240000001 |  | 74.148447 |  | 100.264588 |  | 3.639721000000002 |  | 31.053368 |  | 209.1061240000001
 | Minority interest - EREC / EES |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0.9 |  | 1 |  | 0.9 |  | 1 |  | 1 |  | 1 |  | 5.8 |  | 0 |  | 0 |  | 2.8 |  | 3 |  | 5.8
 | Dividend and Interest income |  | 15.649124 |  | 21.648864 |  | 26.150012 |  | 19.692787 |  | 14.711757 |  | 50.20373641666667 |  | 13.67068464095464 |  | 16.97068464095464 |  | 16.56866431147492 |  | 17.67068464095464 |  | 24.76866431147491 |  | 18.86263022428797 |  | 256.5682931867684 |  | 63.448 |  | 84.60828041666667 |  | 47.2100335933842 |  | 61.30197917671752 |  | 256.5682931867684
 | Gain (Loss) on sale of assets |  | -0.09587399999999997 |  | 2.098242 |  | 29.883868 |  | 13 |  | -0.6829999999999999 |  | 5.373000000000003 |  | -1.4 |  | -0.4 |  | -9.5 |  | -0.4 |  | -0.4 |  | -36.067 |  | 1.409236000000007 |  | 31.886236 |  | 17.69 |  | -11.3 |  | -36.867 |  | 1.409236000000014
 | Other |  | -10.52825875 |  | -14.53571055 |  | -36.36121866000002 |  | -32.89240857 |  | 25.95183453000001 |  | 44.99918846000001 |  | 1.973324589088704 |  | 2.957903589088704 |  | 726.1027625890888 |  | 3.187202589088705 |  | 0.6326945890887044 |  | 304.5516025890887 |  | 1016.038916994532 |  | -61.42518796000002 |  | 38.05861442000001 |  | 731.0339907672662 |  | 308.3714997672661 |  | 1016.038916994532
 |  | Total | 17.65825625 |  | 33.23138645 |  | 57.16785234 |  | 26.29028943 |  | 54.42546253 |  | 159.9057308766667 |  | 34.55726523004334 |  | 26.52884423004334 |  | 712.2976359005637 |  | 42.14970023004334 |  | 47.82799290056363 |  | 276.8821538133766 |  | 1488.922570181301 |  | 108.05749504 |  | 240.6214828366667 |  | 773.3837453606504 |  | 366.8598469439837 |  | 1488.922570181301
INCOME BEFORE INTEREST & TAXES |  |  | 114.5621770900012 |  | 80.98354811999889 |  | 599.7788723500043 |  | -263.0394190600005 |  | 65.02785831000165 |  | 991.5109934466556 |  | 29.26268200509348 |  | 4.02996327887794 |  | 714.4724523158649 |  | 155.3454897973945 |  | 170.5266728913909 |  | 513.0891329906492 |  | 3175.550423535932 |  | 795.3245975600137 |  | 793.499432696653 |  | 747.7650975998288 |  | 838.9612956794349 |  | 3175.55042353593
Interest Expense
 | Interest expense - Third Party |  | 78.41912826999999 |  | 70.0593992 |  | 46.95965523999999 |  | 123.61911989 |  | 36.19510534 |  | 84.08456906000006 |  | 68.80667074636462 |  | 68.1879594164245 |  | 79.18370975743915 |  | 72.72633833857375 |  | 72.87820299055869 |  | 79.67326276815731 |  | 880.793121017518 |  | 195.43818271 |  | 243.89879429 |  | 216.1783399202283 |  | 225.2778040972898 |  | 880.793121017518
 | Interco interest expense/(income)  - Capital Charge |  | 4.440892098500626e-16 |  | -1.77635683940025e-15 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | -1.332267629550188e-15 |  | -1.332267629550188e-15 |  | 0 |  | 0 |  | 0 |  | -1.332267629550188e-15
 | Interco interest expense/(income)  - Other |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Capitalized interest/AFUDC |  | -0.39050682 |  | 0.04268243999999996 |  | -15.59487722 |  | 4.359291450000001 |  | -7.940965830000001 |  | -3.82034002 |  | -1.786939809941208 |  | -1.909630315171559 |  | -2.17312364165688 |  | -1.690218760680754 |  | -1.95236083943332 |  | -2.344580954947111 |  | -35.20157032183083 |  | -15.9427016 |  | -7.4020144 |  | -5.869693766769648 |  | -5.987160555061185 |  | -35.20157032183083
 |  | Total | 78.02862144999999 |  | 70.10208164 |  | 31.36477801999999 |  | 127.97841134 |  | 28.25413951 |  | 80.26422904000006 |  | 67.01973093642341 |  | 66.27832910125295 |  | 77.01058611578226 |  | 71.036119577893 |  | 70.92584215112537 |  | 77.32868181321021 |  | 845.5915506956873 |  | 179.49548111 |  | 236.49677989 |  | 210.3086461534586 |  | 219.2906435422286 |  | 845.5915506956873
Minority Interest
 | Structured Transactions |  | 0.2 |  | 2.3 |  | 25 |  | -20 |  | 4.3 |  | 34.7 |  | -0.4 |  | -0.3 |  | 10.6 |  | 0.3 |  | 0.1 |  | 10.3 |  | 67.1 |  | 27.5 |  | 19 |  | 9.9 |  | 10.7 |  | 67.1
 | Other |  | -0.110923 |  | 0.110923 |  | 12.808433 |  | -0.14402 |  | 0.464308 |  | 10.29366 |  | 3.43 |  | 3.416 |  | 16.414 |  | 3.416 |  | 3.416 |  | 16.414 |  | 69.928381 |  | 12.808433 |  | 10.613948 |  | 23.26 |  | 23.246 |  | 69.928381
 |  | Total | 0.08907700000000002 |  | 2.410923 |  | 37.808433 |  | -20.14402 |  | 4.764308 |  | 44.99366000000001 |  | 3.03 |  | 3.116 |  | 27.014 |  | 3.716 |  | 3.516 |  | 26.714 |  | 137.028381 |  | 40.308433 |  | 29.613948 |  | 33.16 |  | 33.94600000000001 |  | 137.028381
Perpetual Preferred Dividends |  |  | 0.19375 |  | 0.19375 |  | 4.29375 |  | 0.19375 |  | 22.788648 |  | 8.712729999999999 |  | 5.39375 |  | 5.39375 |  | 9.59375 |  | 5.39375 |  | 5.39375 |  | 9.49375 |  | 77.038878 |  | 4.68125 |  | 31.695128 |  | 20.38125 |  | 20.28125 |  | 77.03887800000001
INCOME BEFORE INCOME TAXES |  |  | 36.25072864000121 |  | 8.276793479998892 |  | 526.3119113300042 |  | -371.0675604000004 |  | 9.220762800001644 |  | 857.5403744066556 |  | -46.18079893132993 |  | -70.758115822375 |  | 600.8541162000826 |  | 75.19962021950155 |  | 90.69108074026558 |  | 399.552701177439 |  | 2115.891613840245 |  | 570.8394334500136 |  | 495.693576806653 |  | 483.9152014463701 |  | 565.4434021372064 |  | 2115.891613840243
Income Taxes
 | Payable currently |  | 63.42195720275 |  | 62.96860300000002 |  | -61.92411176999999 |  | -49.977615519125 |  | -32.51806600000003 |  | 90.52233341 |  | -72.59361579224257 |  | -82.30067764501109 |  | 180.9677015264947 |  | -45.68218618841119 |  | -49.63618170347488 |  | 140.9163358967106 |  | 144.1644764176906 |  | 64.46644843275001 |  | 8.026651890874973 |  | 26.07340808924104 |  | 45.59796800482455 |  | 144.1644764176906
 | Payment deferred |  | -36.85916345 |  | -74.52061940499995 |  | 176.73289869 |  | -58.848602605 |  | -9.758991444999992 |  | 186.9405 |  | 53.01885328593369 |  | 61.26526555610543 |  | -24.28588502622158 |  | 73.06882178011406 |  | 77.1288895993666 |  | -60.20714826102868 |  | 363.6748187192696 |  | 65.3531158350001 |  | 118.3329059500001 |  | 89.99823381581756 |  | 89.99056311845199 |  | 363.6748187192697
 |  | Total | 26.56279375275 |  | -11.55201640499993 |  | 114.80878692 |  | -108.826218124125 |  | -42.27705744500003 |  | 277.46283341 |  | -19.57476250630888 |  | -21.03541208890566 |  | 156.6818165002732 |  | 27.38663559170287 |  | 27.49270789589173 |  | 80.70918763568194 |  | 507.8392951369602 |  | 129.8195642677501 |  | 126.359557840875 |  | 116.0716419050586 |  | 135.5885311232765 |  | 507.8392951369603
NET INCOME |  |  | 9.68793488725121 |  | 19.82880988499883 |  | 411.5031244100042 |  | -262.2413422758755 |  | 51.49782024500167 |  | 580.0775409966556 |  | -26.60603642502105 |  | -49.72270373346934 |  | 444.1722996998094 |  | 47.81298462779868 |  | 63.19837284437385 |  | 318.8435135417571 |  | 1608.052318703285 |  | 441.0198691822635 |  | 369.3340189657779 |  | 367.8435595413115 |  | 429.8548710139298 |  | 1608.052318703283
ENRON CORP (Consolidated) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | O:\Corporate\Tax\lotus\2001 Current Estimate\2nd CE\Corp Planning Models\[Model from [NAME] 07_27.xls]Monthly
2001 CURRENT ESTIMATE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-07-31 13:32:05.860000
Cash Flow Statement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-07-31 13:32:05.860000
 |  |  | JAN |  | FEB |  | MAR |  | APR |  | MAY |  | JUN |  | JUL |  | AUG |  | SEP |  | OCT |  | NOV |  | DEC |  | TOTAL |  | 1st Qtr |  | 2nd Qtr |  | [NAME] |  | [NAME] |  | Total
CASH FLOW FROM OPERATING ACTIVITIES
Net Income (excluding changes in accounting principle) |  |  | 99.87305371058297 |  | -25.52707920666776 |  | 316.2738946783326 |  | -262.2413422758751 |  | 51.49782024500465 |  | 627.4775409966624 |  | -26.60603642502324 |  | -49.7227037334679 |  | -110.9277003001899 |  | 47.81298462779721 |  | 63.19837284437492 |  | 54.34351354176285 |  | 785.4523187032935 |  | 390.6198691822478 |  | 416.7340189657918 |  | -187.2564404586811 |  | 165.354871013935 |  | 785.4523187032937
Items not affecting cash:
 | Depreciation, depletion & amortization |  | 60.61980497 |  | 67.02506903999999 |  | 85.65336677999998 |  | 79.22058741999999 |  | 52.59305838 |  | 107.46119811 |  | 58.33979549839745 |  | 18.06353416842593 |  | 61.07898392386181 |  | 76.23801151385103 |  | 76.2285404371736 |  | 93.59997269529352 |  | 836.1219229370033 |  | 213.29824079 |  | 239.27484391 |  | 137.4823135906852 |  | 246.0665246463182 |  | 836.1219229370033
 | Deferred income taxes |  | -22.45916345 |  | -100.120619405 |  | 188.0418986900001 |  | -58.848602605 |  | -10.53701322999996 |  | 191.4795 |  | 53.01885328593369 |  | 61.26526555610543 |  | -24.28588502622158 |  | 73.06882178011406 |  | 77.1288895993666 |  | -60.20714826102868 |  | 367.5447969342697 |  | 65.46211583500008 |  | 122.0938841650001 |  | 89.99823381581756 |  | 89.99056311845199 |  | 367.5447969342697
 | Equity Earnings |  | -15.692265 |  | -20.382807 |  | -37.973375 |  | -26.489911 |  | -14.444871 |  | -59.32980600000002 |  | -19.413256 |  | -6.000255999999999 |  | 21.773791 |  | -20.691813 |  | -21.826634 |  | 11.465079 |  | -209.006124 |  | -74.04844700000001 |  | -100.264588 |  | -3.639721000000002 |  | -31.053368 |  | -209.006124
 | Net (gain)/loss on sale of assets |  | 0.1 |  | -2.1 |  | -29.887 |  | -12.971 |  | 0.4939999999999999 |  | -5.287000000000001 |  | 1.4 |  | 0.4 |  | 9.5 |  | 0.4 |  | 0.4 |  | 36.067 |  | -1.484000000000009 |  | -31.887 |  | -17.764 |  | 11.3 |  | 36.867 |  | -1.484000000000002
 | Unrealized (gain)/loss on price risk mgmt activities |  | -142.0333333333334 |  | 613.6666666666665 |  | -718.2703333333333 |  | 64.06799999999996 |  | 981.088 |  | 9.29699999999989 |  | -132.3334110056133 |  | -78.16663315051714 |  | -111.958444586781 |  | -229.7768127127195 |  | -199.3028030459763 |  | 221.8229907989223 |  | 278.1008862973148 |  | -246.6370000000001 |  | 1054.453 |  | -322.4584887429114 |  | -207.2566249597735 |  | 278.1008862973147
 | Merchant Activities
 |  | Realized (Gains) / Losses on Sales | 0 |  | 0 |  | 56.025 |  | -40.493 |  | 2 |  | -65 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | -47.468 |  | 56.025 |  | -103.493 |  | 0 |  | 0 |  | -47.46799999999999
 |  | Proceeds from Sales | 0.1 |  | 0.1 |  | 134.725 |  | 0.3 |  | 24.3 |  | 316.7 |  | 20 |  | 0 |  | 40.3 |  | 0 |  | 0 |  | 35.6 |  | 572.125 |  | 134.925 |  | 341.3 |  | 60.3 |  | 35.6 |  | 572.125
 |  | Additions | -25.3 |  | -163.4 |  | 56.44099999999998 |  | -21.655 |  | -18.125 |  | -7.604063999999973 |  | 39.6 |  | -23.5 |  | -50.5 |  | -88.2 |  | -29.2 |  | -61.7 |  | -393.143064 |  | -132.259 |  | -47.38406399999997 |  | -34.4 |  | -179.1 |  | -393.143064
 |  | Unrealized (Gains)/ Losses | 99.3 |  | 5.5 |  | -76.92699999999999 |  | -76.5 |  | 26.907 |  | 68.75800000000001 |  | 0 |  | 0 |  | -2 |  | 0 |  | 0 |  | -1.2 |  | 43.83800000000002 |  | 27.87300000000002 |  | 19.165 |  | -2 |  | -1.2 |  | 43.83800000000002
 | Equity/Partnership Distributions |  | 3.8 |  | 5.2 |  | 0.8 |  | 12.4 |  | 6.6 |  | 4.5 |  | 3.6 |  | 12.6 |  | 2.8 |  | 14.1 |  | 33.7 |  | 11.3 |  | 111.4 |  | 9.8 |  | 23.5 |  | 19 |  | 59.1 |  | 111.4
 | Oil & gas exploration expenses |  | 0.1 |  | 0.2 |  | 2.9 |  | 0.1 |  | 0.2 |  | 0.1 |  | 0.2 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 3.8 |  | 3.2 |  | 0.4 |  | 0.2 |  | 0 |  | 3.8
 | Dividends on Pref Securities of Subsidiary Companies |  | 0.19375 |  | 0.19375 |  | 4.29375 |  | 0.19375 |  | 22.788648 |  | 4.19375 |  | 5.39375 |  | 5.39375 |  | 9.59375 |  | 5.39375 |  | 5.39375 |  | 9.49375 |  | 72.519898 |  | 4.68125 |  | 27.176148 |  | 20.38125 |  | 20.28125 |  | 72.51989800000001
 | Income Attributable to Minority Interest |  | 0 |  | 0 |  | 40.308 |  | -10.344 |  | 4.763999999999999 |  | 35.093 |  | -0.4 |  | -0.3 |  | 10.6 |  | 0.3 |  | 0.1 |  | 10.3 |  | 90.42099999999998 |  | 40.308 |  | 29.513 |  | 9.9 |  | 10.7 |  | 90.421
 | Other (Including transfers & reclaesses; see detail) |  | -176.8 |  | 25.3 |  | 891.0310000000003 |  | -194.677 |  | -365.36 |  | -920.3309360000001 |  | -12.782302 |  | -11.56677155901159 |  | 325.6325126445732 |  | -42.98102258203821 |  | 89.27732159489162 |  | 292.694848458576 |  | -100.562349443009 |  | 739.5310000000003 |  | -1480.367936 |  | 301.2834390855616 |  | 338.9911474714294 |  | -100.5623494430088
 |  | FUNDS FLOW FROM OPERATIONS | -118.1981531027504 |  | 405.6549800949988 |  | 913.4352018149996 |  | -547.9375184608753 |  | 764.7656423950043 |  | 307.5081831066623 |  | -9.982606646305364 |  | -71.53381471846527 |  | 181.6070076552425 |  | -164.3360803729954 |  | 95.09743742983048 |  | 653.580006233526 |  | 2409.660285428872 |  | 1200.892028807248 |  | 524.3363070407913 |  | 100.0905862904719 |  | 584.3413632903611 |  | 2409.660285428873
Working Capital Changes:
 | Receivables |  | -4940.1 |  | -492.9 |  | 6085.289000000001 |  | -5748.28 |  | -410.221 |  | 4860.370871245067 |  | 3.033632142171086 |  | -20.75000085538544 |  | -16.9344584583441 |  | -56.91485385745054 |  | -91.76223538345243 |  | 100.8443560728999 |  | -728.324689094494 |  | 652.2889999999998 |  | -1298.130128754933 |  | -34.65082717155845 |  | -47.83273316800309 |  | -728.3246890944949
 | Inventories |  | 43.6 |  | -27.3 |  | 153.055 |  | -257.454 |  | -177.489 |  | 123.974 |  | -165.4 |  | 11.19999999999991 |  | 15.49999999999993 |  | 17.60000000000008 |  | 18.7 |  | 52.5 |  | -191.5139999999999 |  | 169.355 |  | -310.969 |  | -138.7 |  | 88.80000000000007 |  | -191.514
 | Prepayments |  | 771 |  | 576.1 |  | -1357.405 |  | 231.2840000000001 |  | -86.08299999999997 |  | 208.7779999999997 |  | 31.4 |  | 0.3 |  | 0 |  | 0 |  | 0 |  | 16.7 |  | 392.0739999999997 |  | -10.30500000000006 |  | 353.9789999999998 |  | 31.7 |  | 16.7 |  | 392.0739999999997
 | Broker net settlements |  | 285.6 |  | 151.7 |  | -47.378484 |  | -56.523602 |  | -8.757913999999998 |  | 33.715 |  | -7.7 |  | -7.7 |  | -7.7 |  | -7.7 |  | -7.7 |  | -7.7 |  | 312.155 |  | 389.9215159999999 |  | -31.56651599999999 |  | -23.1 |  | -23.1 |  | 312.155
 | Payables |  | 5012.4 |  | -113.2 |  | -5890.872 |  | 5633.997 |  | 560.1869999999999 |  | -5211.564999999999 |  | -10.37138631640538 |  | 8.577240056147717 |  | 21.68553187815856 |  | -5.062328753428588 |  | -21.14566866145568 |  | 57.57616988539846 |  | 42.20655808841612 |  | -991.6720000000005 |  | 982.6190000000015 |  | 19.89138561790089 |  | 31.36817247051419 |  | 42.20655808841612
 | Accrued Taxes |  | 37.1 |  | 95.8 |  | -1031.831 |  | -105.818 |  | 498.039 |  | 669.3010745857274 |  | 14.96972574962563 |  | 3.537799862837112 |  | -4.327479698484177 |  | 10.16222235466309 |  | -6.567549887452767 |  | 13.43173525308976 |  | 193.7975282200062 |  | -898.9309999999999 |  | 1061.522074585728 |  | 14.18004591397857 |  | 17.02640772030008 |  | 193.7975282200063
 | Accrued Interest |  | 8.014237650000002 |  | 11.48576235 |  | -5.998999999999995 |  | -18.532 |  | 4.333 |  | 14.046 |  | 20.99330005264702 |  | 15.95270671415387 |  | 11.07007906845869 |  | 16.68905789100319 |  | 18.59654913078745 |  | 19.90059881566073 |  | 116.5502916727109 |  | 13.501 |  | -0.153000000000004 |  | 48.01608583525958 |  | 55.18620583745137 |  | 116.550291672711
 | Customer Deposits |  | -80.3 |  | -451.8 |  | -319.6 |  | -386.4 |  | -540.001 |  | -859.921 |  | -6 |  | 13.3 |  | 5.5 |  | 3.4 |  | 6 |  | -21.7 |  |  |  | -851.7 |  | -1786.322 |  | 12.8 |  | -12.3 |  | -2637.522
 | Other Changes in Working Capital |  | -733.1 |  | -545.5 |  | 1253.515484 |  | -22.82239799999994 |  | 399.7789140000001 |  | -207.5230000000001 |  | -20.43885248231867 |  | -20.53901863186301 |  | -16.13918512364822 |  | -16.03935195837925 |  | -36.74122770470569 |  | 60.56031334049414 |  | 95.0116774395793 |  | -25.08451600000012 |  | 169.4335160000001 |  | -57.1170562378299 |  | 7.779733677409205 |  | 95.01167743957924
 | TOTAL WORKING CAPITAL CHANGES |  | 404.2142376499987 |  | -795.61423765 |  | -1161.225999999999 |  | -730.5489999999987 |  | 239.7860000000001 |  | -368.8240541692047 |  | -139.5135808542802 |  | 3.878727145890167 |  | 8.654487666140678 |  | -37.86525432359203 |  | -120.6201325062792 |  | 292.113173367543 |  | 231.9563663262184 |  | -1552.626 |  | -859.5870541692034 |  | -126.9803660422494 |  | 133.6277865376718 |  | -2405.565633673781
CASH FROM OPERATING ACTIVITIES |  |  | 286.0160845472483 |  | -389.9592575550011 |  | -247.7907981849994 |  | -1278.486518460874 |  | 1004.551642395004 |  | -61.31587106254239 |  | -149.4961875005856 |  | -67.6550875725751 |  | 190.2614953213832 |  | -202.2013346965874 |  | -25.52269507644868 |  | 945.693179601069 |  | 2641.616651755091 |  | -351.7339711927521 |  | -335.2507471284121 |  | -26.88977975177752 |  | 717.9691498280329 |  | 4.09465175509149
CASH FLOWS FROM INVESTING
 | Proceeds from Sale of Investments |  | 2.1 |  | 37.1 |  | 299.3 |  | 123.8 |  | 577.6 |  | 388.218 |  | 0 |  | 5 |  | 0 |  | 0 |  | 0 |  | 42.9 |  | 1476.018 |  | 338.5 |  | 1089.618 |  | 5 |  | 42.9 |  | 1476.018
 | Capital Expenditures |  | -61.617 |  | -75.535 |  | -196.071 |  | -185.67162245 |  | -129.48932736 |  | -190.7167989752381 |  | -106.6405293351872 |  | -133.7647797139353 |  | -255.7842798414347 |  | -165.0342805914309 |  | -157.1342805914309 |  | -38.67578065893058 |  | -1696.134679517588 |  | -333.223 |  | -505.8777487852382 |  | -496.1895888905572 |  | -360.8443418417924 |  | -1696.134679517588
 | Property Transfers - Intercompany |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 40.3 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 40.3 |  | 0 |  | 40.3 |  | 0 |  | 0 |  | 40.3
 | Equity Investments |  | -7.4 |  | -66.5 |  | -348.2 |  | 51 |  | -6.2 |  | -8.655999999999999 |  | -8.7 |  | -21.6 |  | -84.9 |  | 0 |  | 0 |  | -52.4 |  | -553.556 |  | -422.1 |  | 36.144 |  | -115.2 |  | -52.4 |  | -553.556
 | Cash paid for Business Acquisitions |  | 0 |  | 0 |  | -370.456 |  | 12.9 |  | 0 |  | 137.6 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | -219.956 |  | -370.456 |  | 150.5 |  | 0 |  | 0 |  | -219.956
 | Other Investing Activity |  | -140.1 |  | -32.9 |  | -206.311 |  | 51.742 |  | -144.168 |  | -829.6830000000001 |  | -2.857023143274527 |  | -10.27971364850488 |  | -25.9432069749902 |  | -3.860302094014072 |  | 10.47755582723336 |  | 17.56233571171958 |  | -1316.320354321831 |  | -379.311 |  | -922.1090000000002 |  | -39.07994376676961 |  | 24.17958944493887 |  | -1316.320354321831
 | CASH FLOWS FROM INVESTING |  | -207.017 |  | -137.835 |  | -821.7379999999999 |  | 53.77037755000001 |  | 297.74267264 |  | -462.9377989752383 |  | -118.1975524784617 |  | -160.6444933624402 |  | -366.6274868164248 |  | -168.894582685445 |  | -146.6567247641975 |  | -30.613444947211 |  | -2269.649033839419 |  | -1166.59 |  | -111.4247487852382 |  | -645.4695326573267 |  | -346.1647523968535 |  | -2269.649033839418
CASH FLOWS FROM FINANCING
 | Third party debt increase/(decrease) |  | -34.3 |  | -28.73 |  | 1632.465 |  | 31.46 |  | -44.11100000000005 |  | 199.5780000000001 |  | 304.7403368310036 |  | 229.3100004499977 |  | 228.0100004499977 |  | 375.7100004499977 |  | 174.5269502429007 |  | -831.389932065278 |  | 2237.269356358619 |  | 1569.435 |  | 186.9270000000001 |  | 762.060337730999 |  | -281.1529813723795 |  | 2237.269356358619
 | Stock (purchases) isssuances |  | 0 |  | 0 |  | 125.4 |  | 0 |  | 0 |  | -79.6 |  | -1.94025490118932e-14 |  | 1.499999999999981 |  | -1.94025490118932e-14 |  | -1.94025490118932e-14 |  | -1.94025490118932e-14 |  | -1.94025490118932e-14 |  | 47.29999999999987 |  | 125.4 |  | -79.6 |  | 1.499999999999942 |  | -5.82076470356796e-14 |  | 47.29999999999988
 | Dividends to Corp |  | 0 |  | 0 |  | 20 |  | 0 |  | 0 |  | 20 |  | 0 |  | 0 |  | 20 |  | 0 |  | 0 |  | 20 |  | 80 |  | 20 |  | 20 |  | 20 |  | 20 |  | 80
 | Dividends on Preferred Stock of Subs |  | -0.56 |  | -0.01874999999999993 |  | -2.2 |  | -0.58125 |  | -0.03999999999999981 |  | -2.2 |  | -2.98125 |  | -2 |  | -13.5 |  | -2.98125 |  | -2 |  | -13.4 |  | -42.4625 |  | -2.77875 |  | -2.82125 |  | -18.48125 |  | -18.38125 |  | -42.4625
 | [NAME] to Outside |  | 0 |  | 0 |  | -140.1 |  | 0 |  | 0 |  | -110.8 |  | -34.5 |  | 0 |  | -94 |  | -2 |  | 0 |  | -120.5 |  | -501.9 |  | -140.1 |  | -110.8 |  | -128.5 |  | -122.5 |  | -501.9
 | Other Financing Activity |  | -36.8 |  | 33.3 |  | -430.025 |  | 202.026 |  | -7.92 |  | 241.576 |  | 1.1 |  | 0.5 |  | 0 |  | 0.5 |  | 0 |  | 0 |  | 4.257000000000067 |  | -433.525 |  | 435.682 |  | 1.6 |  | 0.5 |  | 4.257000000000039
 | CASH FLOWS FROM FINANCING |  | -71.66 |  | 4.55125 |  | 1205.54 |  | 232.90475 |  | -52.07100000000005 |  | 268.5540000000001 |  | 268.3590868310036 |  | 229.3100004499977 |  | 140.5100004499977 |  | 371.2287504499977 |  | 172.5269502429007 |  | -945.289932065278 |  | 1824.463856358619 |  | 1138.43125 |  | 449.3877500000001 |  | 638.1790877309991 |  | -401.5342313723795 |  | 1824.46385635862
NET CASH FLOW (After Financing Activities) |  |  | 7.339084547248291 |  | -523.2430075550011 |  | 136.0112018150007 |  | -991.8113909108739 |  | 1250.223315035004 |  | -255.6996700377805 |  | 0.665346851956258 |  | 1.010419514982459 |  | -35.85599104504396 |  | 0.1328330679652936 |  | 0.3475304022544776 |  | -30.21019741141993 |  | 2196.43147427429 |  | -379.8927211927521 |  | 2.712254086349674 |  | -34.18022467810525 |  | -29.72983394120016 |  | -441.0905257257078
CASH FLOWS FROM INTERCOMPANY ACTIVITY
 | Accounts Receivable/Payable - Intercompany |  | -9.299999999999983 |  | 79.5 |  | -480.7999999999995 |  | 1040.8 |  | -1262.7 |  | 1339.6 |  | -27.7 |  | -27.6 |  | -37.4 |  | -28.33333333333334 |  | -28.3 |  | -38.1 |  | 519.6666666666682 |  | -410.5999999999995 |  | 1117.7 |  | -92.7 |  | -94.73333333333335 |  | 519.6666666666683
 | Other Investing Activities-Intercompany |  | 0 |  | 0 |  | -107.4 |  | -2.842170943040401e-14 |  | 0 |  | -940 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | -1047.4 |  | -107.4 |  | -940 |  | 0 |  | 0 |  | -1047.4
 | Other Financing Activities-Intercompany |  | -2.842170943040401e-14 |  | 0 |  | -52.4 |  | 0 |  | 0 |  | -820.4 |  | 0.09999999999999432 |  | 0.09999999999999432 |  | -104 |  | 0.1999999999999886 |  | 0 |  | -16.8 |  | -993.2 |  | -52.40000000000006 |  | -820.4 |  | -103.8 |  | -16.6 |  | -993.2
(INCREASE)/DECREASE IN CASH AND NOTE FROM CORPORATE |  |  | -9.300000000000011 |  | 79.5 |  | -640.6 |  | 1040.8 |  | -1262.7 |  | -420.8 |  | -27.6 |  | -27.5 |  | -141.4 |  | -28.13333333333335 |  | -28.3 |  | -54.9 |  | -1520.933333333332 |  | -570.4 |  | -642.6999999999989 |  | -196.5 |  | -111.3333333333333 |  | -1520.933333333332
 |  | Increase/(Decrease) in Restricted/Retained Cash | -1.960915452751721 |  | -443.7430075550011 |  | -504.588798184999 |  | 48.98860908912627 |  | -12.47668496499477 |  | -676.4996700377808 |  | -26.93465314804374 |  | -26.48958048501754 |  | -177.2559910450439 |  | -28.00050026536806 |  | -27.95246959774553 |  | -85.11019741141988 |  | 675.4981409409584 |  | -950.2927211927517 |  | -639.9877459136492 |  | -230.6802246781052 |  | -141.0631672745335 |  | -1962.02385905904