10-K - SCANA Corporation

Table of Contents
Disclosure of Reportable Segments (Millions of dollars)
Electric
Operations
Gas
Distribution
Retail Gas
Marketing
Management uses operating income to measure segment profitability for SCE&G and other regulated operations and
evaluates utility plant, net, for segments attributable to SCE&G. As a result, SCE&G does not allocate interest charges, income tax
expense or assets other than utility plant to its segments. For nonregulated operations, management uses income available to common
shareholders as the measure of segment profitability and evaluates total assets for financial position. Interest income is not reported by
segment and is not material. The Company’s deferred tax assets are netted with deferred tax liabilities for reporting purposes.
The consolidated financial statements report operating revenues which are comprised of the energy-related and regulated
segments. Revenues from non-reportable and nonregulated segments are included in Other Income. Therefore the adjustments to total
operating revenues remove revenues from non-reportable segments. Adjustments to Income Available to Common Shareholders
consist of SCE&G’s unallocated income available to common shareholders of SCANA Corporation.
Segment Assets include utility plant, net for SCE&G’s Electric Operations and Gas Distribution, and all assets for PSNC
Energy and the remaining segments. As a result, adjustments to assets include non-utility plant and non-fixed assets for SCE&G.
Adjustments to Interest Expense, Income Tax Expense, Expenditures for Assets and Deferred Tax Assets include primarily
the totals from SCANA or SCE&G that are not allocated to the segments. Interest Expense is also adjusted to eliminate charges
between affiliates. Adjustments to Depreciation and Amortization consist of non-reportable segment expenses, which are not included
in the depreciation and amortization reported on a consolidated basis. Expenditures for Assets are adjusted for AFC and revisions to
estimated cash flows related to asset retirement obligations. Deferred Tax Assets are adjusted to net them against deferred tax
liabilities on a consolidated basis.
88
Energy
Marketing
All
Other
Adjustments/
Eliminations
Consolidated
Total
2011
External Revenue $ 2,424 $ 840 $ 479 $ 657 $ 41 $ (32) $ 4,409
Intersegment Revenue 8 1 — 188 406 (603) —
Operating Income 616 132 n/a n/a 18 47 813
Interest Expense 23 24 1 — 3 233 284
Depreciation and Amortization 271 65 3 — 25 (18) 346
Income Tax Expense 5 30 16 3 10 104 168
Income Available to Common
Shareholders n/a n/a 24 4 (6) 365 387
Segment Assets 8,222 2,179 185 114 1,377 1,457 13,534
Expenditures for Assets 806 140 — 1 17 (18) 946
Deferred Tax Assets 9 12 9 9 17 (30) 26
2010
External Revenue $ 2,367 $ 979 $ 553 $ 692 $ 37 $ (27) $ 4,601
Intersegment Revenue 7 1 — 182 410 (600) —
Operating Income 554 140 n/a n/a 19 55 768
Interest Expense 22 24 1 — 3 216 266
Depreciation and Amortization 263 63 4 — 29 (24) 335
Income Tax Expense (1) 28 19 2 10 101 159
Income Available to Common
Shareholders n/a n/a 31 4 (6) 347 376
Segment Assets 7,882 2,161 196 116 1,322 1,291 12,968
Expenditures for Assets 752 107 — — 41 (24) 876
Deferred Tax Assets 5 11 9 5 18 (27) 21
2009
External Revenue $ 2,141 $ 948 $ 522 $ 616 $ 37 $ (27) $ 4,237
Intersegment Revenue 8 1 — 161 416 (586) —
Operating Income 504 132 n/a n/a 19 44 699
Interest Expense 15 21 — — 4 193 233
Depreciation and Amortization 244 61 4 — 28 (21) 316
Income Tax Expense — 28 15 2 9 113 167
Income Available to Common
Shareholders n/a n/a 24 3 (12) 333 348
Segment Assets 7,312 2,040 183 99 1,205 1,255 12,094
Expenditures for Assets 817 76 — 1 130 (110) 914
Deferred Tax Assets — 10 8 6 19 (43) —