Allegheny Power 2011 Annual Report Download - page 78

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63
FIRSTENERGY CORP.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
REVENUES:
Electric utilities
Unregulated businesses
Total revenues*
OPERATING EXPENSES:
Fuel
Purchased power
Other operating expenses
Pensions and OPEB mark-to-market adjustment
Provision for depreciation
Amortization of regulatory assets, net
General taxes
Impairment of long-lived assets
Total operating expenses
OPERATING INCOME
OTHER INCOME (EXPENSE):
Gain on partial sale of Signal Peak
Investment income
Interest expense
Capitalized interest
Total other expense
INCOME BEFORE INCOME TAXES
INCOME TAXES
NET INCOME
Loss attributable to noncontrolling interest
EARNINGS AVAILABLE TO FIRSTENERGY CORP.
EARNINGS PER SHARE OF COMMON STOCK:
Basic
Diluted
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic
Diluted
For the Years Ended December 31,
2011
$ 10,396
5,862
16,258
2,317
4,986
3,909
507
1,121
329
978
413
14,560
1,698
569
114
(1,008)
70
(255)
1,443
574
869
(16)
$ 885
$ 2.22
$ 2.21
399
401
2010
$ 9,815
3,524
13,339
1,432
4,624
2,696
190
768
722
776
388
11,596
1,743
—
117
(845)
165
(563)
1,180
462
718
(24)
$ 742
$ 2.44
$ 2.42
304
305
2009
$ 11,139
1,834
12,973
1,153
4,730
2,551
321
757
1,019
753
6
11,290
1,683
—
204
(978)
131
(643)
1,040
184
856
(16)
$ 872
$ 2.87
$ 2.85
304
306
* Includes $486 million, $428 million and $395 million of excise tax collections in 2011, 2010 and 2009, respectively.
The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.