Dominion Power 2003 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2003 Dominion Power annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

97.Dominion 2003
30. Quarterly Financial and Common Stock Data (unaudited)
A summary of the quarterly results of operations for the years ended December 31, 2003 and 2002 follows. Amounts reflect all adjust-
ments, consisting of only normal recurring accruals, necessary in the opinion of management for a fair statement of the results for the
interim periods. Results for interim periods may fluctuate as a result of weather conditions, changes in rates and other factors. As
described in Note 9, Dominion reported the operations of DTI as discontinued operations beginning in the fourth quarter of 2003. Prior
quarters for 2003 have been restated to conform to this presentation. All differences between amounts previously reported in Dominion’s
Quarterly Reports on Forms 10-Q during 2003 are a result of reporting the results of operations of Dominion’s telecommunications busi-
ness as discontinued operations.
First Second Third Fourth Full
Quarter Quarter Quarter Quarter Year
(millions, except per share amounts)
2003
Operating revenue $3,579 $2,630 $2,853 $3,016 $12,078
Income from operations 1,014 577 698 272 2,561
Income (loss) from continuing operations before cumulative
effect of changes in accounting principles 409 246 326 (32) 949
Net income (loss) 508 240 (256) (174) 318
Basic EPS:
Income (loss) from continuing operations before cumulative
effect of changes in accounting principles 1.33 0.78 1.01 (0.10) 2.99
Net income (loss) 1.64 0.76 (0.79) (0.54) 1.00
Diluted EPS:
Income (loss) from continuing operations before cumulative
effect of changes in accounting principles 1.32 0.78 1.01 (0.10) 2.98
Net income (loss) 1.64 0.76 (0.79) (0.54) 1.00
Dividends paid per share 0.645 0.645 0.645 0.645 2.58
Common stock prices (high-low) $58.62-51.74 $65.95-54.75 $64.28-58.05 $64.45-59.27 $65.95-51.74
2002
Operating revenue $2,634 $2,332 $2,545 $2,707 $10,218
Income from operations 711 625 836 713 2,885
Net income 322 272 430 338 1,362
Basic EPS 1.21 0.98 1.55 1.12 4.85
Diluted EPS 1.20 0.97 1.54 1.12 4.82
Dividends paid per share 0.645 0.645 0.645 0.645 2.58
Common stock prices (high-low) $65.97-56.39 $67.06-60.59 $66.15-47.97 $55.74-35.40 $67.06-35.40