CenterPoint Energy 2009 Annual Report Download - page 89

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67
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME
Year Ended December 31,
2007 2008 2009
(In millions,
exce
p
t for share amounts)
Revenues .................................................................................................................................
.
$ 9,623 $ 11,322 $ 8,281
Ex
p
enses:
N
atural gas ............................................................................................................................
.
5,995 7,466 4,371
Operation and maintenance ...................................................................................................
.
1,440 1,502 1,664
Depreciation and amortization ..............................................................................................
.
631 708 743
Taxes other than income taxes ..............................................................................................
.
372 373 379
Total ..................................................................................................................................
.
8,438 10,049 7,157
O
p
eratin
g
Income ..................................................................................................................
.
1,185 1,273 1,124
Other Income (Ex
p
ense):
Gain (loss) on marketable securities .....................................................................................
.
(114) (139) 82
Gain (loss) on indexed debt securities ..................................................................................
.
111 128 (68)
Interest and other finance charges .........................................................................................
.
(509) (468) (513)
Interest on transition and system restoration
b
onds ..............................................................
.
(123) (136) (131)
Distribution from AOL Time Warner liti
g
ation settlemen
t
..................................................
.
32
—
3
Additional distribution to ZENS holders ..............................................................................
.
(27)
—
(3)
Equity in earnings of unconsolidated affiliates .....................................................................
.
16 51 15
Other, ne
t
..............................................................................................................................
.
17 14 39
Total ..................................................................................................................................
.
(597) (550) (576)
Income Before Income Taxes ................................................................................................
.
588 723 548
Income tax expense ..................................................................................................................
.
(193) (277) (176)
Net Income .............................................................................................................................
.
$ 395 $ 446 $ 372
Basic Earnin
g
s Per Share ......................................................................................................
.
$ 1.23 $ 1.32 $ 1.02
Diluted Earnin
g
s Per Share ..................................................................................................
.
$ 1.15 $ 1.30 $ 1.01
See Notes to CenterPoint Energy’s Consolidated Financial Statements