Complex open gas turbine cycles are analyzed by applying the heat balance method presented in Part I of this paper. Reheating, intercooling, regeneration, steam injection, and steam cooling are evaluated graphically to give a visual perspective of what takes place in terms of the overall heat balance when such complexities are introduced to the cycle. An example of a viable, new, intercooled regenerative cycle is given. A second example of a prototype reheat gas turbine is also included. The overall approach using the heat balance method can be applied to various cogeneration configurations when considering the more complex cycles of the future.