Duke Energy 2006 Annual Report Download - page 32

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30
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
(In millions, except per-share amounts) 2006 2005 2004
Operating Revenues
Non-regulated electric, natural gas, natural gas liquids, and other $ 3,158 $ 7,212 $11,322
Regulated electric 7,678 5,406 5,041
Regulated natural gas and natural gas liquids 4,348 3,679 3,233
Total operating revenues 15,184 16,297 19,596
Operating Expenses
Natural gas and petroleum products purchased 1,829 5,827 9,225
Operation, maintenance and other 4,415 3,540 3,313
Fuel used in electric generation and purchased power 3,403 1,610 1,576
Depreciation and amortization 2,049 1,728 1,750
Property and other taxes 769 571 513
Impairments and other charges 28 140 64
Total operating expenses 12,493 13,416 16,441
Gains on Sales of Investments in Commercial and Multi-Family Real Estate 201 191 192
Gains (Losses) on Sales of Other Assets and Other, net 276 534 (416)
Operating Income 3,168 3,606 2,931
Other Income and Expenses
Equity in earnings of unconsolidated affiliates 732 479 161
(Losses) Gains on sales and impairments of equity investments (20) 1,225 (4)
Gain on sale of subsidiary stock 15 — —
Other income and expenses, net 281 105 147
Total other income and expenses 1,008 1,809 304
Interest Expense 1,253 1,066 1,282
Minority Interest Expense 61 538 200
Earnings From Continuing Operations Before Income Taxes 2,862 3,811 1,753
Income Tax Expense from Continuing Operations 843 1,282 507
Income From Continuing Operations 2,019 2,529 1,246
(Loss) Income From Discontinued Operations, net of tax (156) (701) 244
Income Before Cumulative Effect of Change in Accounting Principle 1,863 1,828 1,490
Cumulative Effect of Change in Accounting Principle, net of tax and minority interest — (4) —
Net Income 1,863 1,824 1,490
Dividends and Premiums on Redemption of Preferred and Preference Stock — 12 9
Earnings Available For Common Stockholders $ 1,863 $ 1,812 $ 1,481
Common Stock Data
Weighted-average shares outstanding
Basic 1,170 934 931
Diluted 1,188 970 966
Earnings per share (from continuing operations)
Basic $ 1.73 $ 2.69 $ 1.33
Diluted $ 1.70 $ 2.60 $ 1.29
(Loss) earnings per share (from discontinued operations)
Basic $ (0.14) $ (0.75) $ 0.26
Diluted $ (0.13) $ (0.72) $ 0.25
Earnings per share (before cumulative effect of change in accounting principle)
Basic $ 1.59 $ 1.94 $ 1.59
Diluted $ 1.57 $ 1.88 $ 1.54
Earnings per share
Basic $ 1.59 $ 1.94 $ 1.59
Diluted $ 1.57 $ 1.88 $ 1.54
Dividends per share $ 1.26 $ 1.17 $ 1.10
See Notes to Consolidated Financial Statements in Duke Energy’s 2006 Form 10-K.