Allegheny Power 2010 Annual Report Download - page 152

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137
For the Years Ended December 31, 2010 2009 2008 2007 2006 2005 2000
GENERAL FINANCIAL INFORMATION
(Dollars in millions)
Revenues
$
13,339
$
12,973
$
13,627
$
12,802
$
11,501
$
11,358
$
6,308
Earnings Available to FirstEnergy Corp.
$
784
$
1,006
$
1,342
$
1,309
$
1,254
$
861
$
599
SEC Ratio of Earnings to
Fixed Charges 2.25 2.08 3.27 3.21 3.14 2.74 2.10
Capital Expenditures
$
1,813
$
1,770
$
2,150
$
1,496
$
1,170
$
1,144
$
569
Total Capitalization
$
21,092
$
20,565
$
17,415
$
17,876
$
17,604
$
17,564
$
11,205
Capitalization Ratios:
Total Equit
y
40.4 % 41.6 % 47.7 % 50.4 % 51.5 % 53.5 % 47.3 %
Preferred and Preference Stock
Subject to Mandatory Redemption - - - - - - 1.4
Long-Term Debt 59.6 58.4 52.3 49.6 48.5 46.5 51.3
Total Capitalization 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Average Capital Costs:
Preferred and Preference Stock - - - 5.67% 7.92%
Long-Term Debt 5.87% 5.91% 5.95% 5.89% 6.33% 6.05% 7.84%
COMMON STOCK DATA
Earnings per Share (a):
Basic
$
2.58
$
3.31
$
4.41
$
4.27
$
3.85
$
2.68
$
2.69
Diluted
$
2.57
$
3.29
$
4.38
$
4.22
$
3.82
$
2.67
$
2.69
Return on Average Common Equity (a) 9.0% 11.7% 14.7% 14.9% 13.5% 10.0% 13.0%
Dividends Paid per Share
$
2.20
$
2.20
$
2.20
$
2.00
$
1.80
$
1.67
$
1.50
Dividend Payout Ratio (a) 85% 66% 50% 47% 47% 62% 56%
Dividend Yield 5.9% 4.7% 4.5% 2.8% 3.0% 3.4% 4.8%
Price/Earnings Ratio (a) 14.3 14.0 11.0 17.0 15.7 18.3 11.7
Book Value per Common Share
$
28.03
$
28.08
$
27.17
$
29.45
$
28.35
$
27.98
$
21.29
Market Price per Share
$
37.02
$
46.45
$
48.58
$
72.34
$
60.30
$
48.99
$
31.56
Ratio of Market Price to Common Share Book Value 132% 165% 179% 246% 213% 175% 148%
OPERATING STATISTICS (b)
Generation Kilowatt-Hour Sales (Millions):
Residential 39,186 36,524 38,845 39,158 37,618 34,716 32,519
Commercial 36,151 32,056 34,405 36,879 35,390 32,878 33,139
Industrial 28,741 28,234 32,345 33,476 34,309 32,907 31,140
Othe
r
504 519 538 540 542 547 522
Total Retail 104,582 97,333 106,133 110,053 107,859 101,048 97,320
Total Wholesale 19,625 21,126 24,654 24,114 23,083 28,521 13,761
Total Sales 124,207 118,459 130,787 134,167 130,942 129,569 111,081
Distribution Kilowatt-Hour Deliveries (Millions):
Residential 39,772 37,574 38,869 39,207 37,587 39,106 33,089
Commercial 35,292 34,319 35,907 36,242 34,943 35,426 33,171
Industrial 32,415 29,900 35,044 36,460 36,537 37,060 37,963
Othe
r
518 520 540 542 542 553 527
Total 107,997 102,313 110,360 112,451 109,609 112,145 104,750
Distribution Customers Served:
Residential 3,964,690 3,964,341 3,963,229 3,956,837 3,959,043 3,941,030 3,798,716
Commercial 518,078 517,574 518,982 517,251 514,056 509,933 472,410
Industrial 9,975 10,128 10,225 10,367 10,458 10,637 18,996
Othe
r
6,750 6,283 6,196 6,054 6,356 6,124 6,001
Total 4,499,493 4,498,326 4,498,632 4,490,509 4,489,913 4,467,724 4,296,123
Number of Employees 13,330 13,379 14,698 14,534 13,739 14,586 18,912
(b) Reflects pro forma combined FirstEnergy and GPU statistics in 2000.
FIRSTENERGY CORP.
CONSOLIDATED FINANCIAL AND PRO FORMA COMBINED OPERATING STATISTICS
(Unaudited)
(a) Before discontinued operations in 2006 and 2005, and accounting changes in 2005.