Eversource 2003 Annual Report Download - page 81

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79
Selected Consolidated Financial Data (Unaudited)
(Thousands of Dollars, except percentages and share information) 2003 2002 2001 2000 1999
Balance Sheet Data:
Property, Plant and Equipment, Net $ 5,429,916 $ 5,049,369 $ 4,472,977 $ 3,547,215 $ 3,947,434
Total Assets (a) 11,308,884 10,764,880 10,331,923 10,217,149 9,688,052
Total Capitalization (b) 4,926,587 4,670,771 4,576,858 4,739,417 5,216,456
Obligations Under Capital Leases (b) 15,938 16,803 17,539 159,879 181,293
Income Data:
Operating Revenues (c) $ 6,069,156 $ 5,237,000 $ 5,760,949 $ 5,876,620 $ 4,471,251
Income Before Cumulative Effect of Accounting Changes
and Extraordinary Loss, Net of Tax Benefits 121,152 152,109 265,942 205,295 34,216
Cumulative Effect of Accounting Changes, Net of Tax Benefits (4,741) — (22,432) — —
Extraordinary Loss, Net of Tax Benefit —— — (233,881) —
Net Income/(Loss) $ 116,411 $ 152,109 $ 243,510 $ (28,586) $ 34,216
Common Share Data:
Basic Earnings/(Loss) Per Common Share:
Income Before Cumulative Effect of Accounting Changes
and Extraordinary Loss Net of Tax Benefits $ 0.95 $ 1.18 $ 1.97 $ 1.45 $ 0.26
Cumulative Effect of Accounting Changes, Net of Tax Benefits (0.04) — (0.17) — —
Extraordinary Loss, Net of Tax Benefit —— — (1.65) —
Net Income/(Loss) $ 0.91 $ 1.18 $ 1.80 $ (0.20) $ 0.26
Fully Diluted Earnings/(Loss) Per Common Share:
Income Before Cumulative Effect of Accounting Changes
and Extraordinary Loss, Net of Tax Benefits $ 0.95 $ 1.18 $ 1.96 $ 1.45 $ 0.26
Cumulative Effect of Accounting Changes, Net of Tax Benefits (0.04) — (0.17) — —
Extraordinary Loss, Net of Tax Benefit —— — (1.65) —
Net Income/(Loss) $ 0.91 $ 1.18 $ 1.79 $ (0.20) $ 0.26
Basic Common Shares Outstanding (Average) 127,114,743 129,150,549 135,632,126 141,549,860 131,415,126
Fully Diluted Common Shares Outstanding (Average) 127,240,724 129,341,360 135,917,423 141,967,216 132,031,573
Dividends Per Share $ 0.58 $ 0.53 $ 0.45 $ 0.40 $ 0.10
Market Price — Closing (high) (d) $ 20.17 $ 20.57 $ 23.75 $ 24.25 $ 22.00
Market Price — Closing (low) (d) $ 13.38 $ 13.20 $ 16.80 $ 18.25 $ 13.56
Market Price — Closing (end of year) (d) $ 20.17 $ 15.17 $ 17.63 $ 24.25 $ 20.56
Book Value Per Share (end of year) $ 17.73 $ 17.33 $ 16.27 $ 15.43 $ 15.80
Tangible Book Value Per Share (end of year) $ 15.27 $ 14.62 $ 13.71 $ 13.09 $ 15.53
Rate of Return Earned on Average Common Equity (%) 5.2 7.0 11.2 (1.3) 1.6
Market-to-Book Ratio (end of year) 1.1 0.9 1.1 1.6 1.3
Capitalization:
Common Shareholders’ Equity 46% 47% 46% 47% 40%
Preferred Stock (b) (e) 23345
Long-Term Debt (b) 52 50 51 49 55
100% 100% 100% 100% 100%
(a) Total assets were not adjusted for cost of removal prior to 2002.
(b) Includes portions due within one year.
(c) Operating revenue amounts have been reclassified from those reported in 2002 and 2001 related to the adoption of EITF Issue No. 03-11.
(d) Market price information reflects closing prices as presented in the Wall Street Journal.
(e) Excludes $100 million of Monthly Income Preferred Securities.