NOTES TO CONSOLIDATED FINANCIAL STATEMENTS TRANSCANADA 64 COMPREHENSIVE INCOME IN ACCORDANCE WITH U.S. GAAP CONDENSED STATEMENT OF CONSOLIDATED INCOME 8 Year ended December 31  (millions of dollars) 2001 2000 1999 Revenues 4,855 4,019 3,858 Operating expenses 2,320 1,704 1,777 Depreciation 676 609 556 Restructuring and other costs 8 – 170 3,004 2,313 2,503 Operating income 1,851 1,706 1,355 Other (income)/expenses Equity income (203) (236) (240) Other expenses 936 935 954 Income taxes 406 363 150 1,139 1,062 864 Income from continuing operations in accordance with U.S. GAAP 712 644 491 Net (loss)/income from discontinued operations in accordance  with U.S. GAAP (67) 61 (486) Income before cumulative effect of the application of SFAS No. 133 in accordance with U.S. GAAP 645 705 5 Cumulative effect of the application of SFAS No. 133, net of tax (2) – – Extraordinary item: Gain on early retirement of long-term debt, net of tax – 13 – Net income in accordance with U.S. GAAP 643 718 5 Year ended December 31  (millions of dollars) 2001 2000 1999 Net income in accordance with U.S. GAAP 643 718 5 Adjustments affecting comprehensive income under U.S. GAAP Foreign currency translation adjustment – (5) 3 Additional minimum liability for employee future benefits (SFAS No. 87), net of tax 7 (56) – – Unrealized loss on derivatives, net of tax 2 (5) – – Comprehensive income before cumulative effect of the application  of SFAS No. 133 in accordance with U.S. GAAP 582 713 8 Cumulative effect of the application of SFAS No. 133, net of tax 2 (4) – – Comprehensive income in accordance with U.S. GAAP 578 713 8