Eversource 2004 Annual Report Download - page 88

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86
SELECTED CONSOLIDATED FINANCIAL DATA (UNAUDITED)
(Thousands of Dollars, except percentages and share information) 2004 2003 2002 2001 2000
Balance Sheet Data:
Property, Plant and Equipment, Net $ 5,864,161 $ 5,429,916 $ 5,049,369 $ 4,472,977 $ 3,547,215
Total Assets (a) (b) 11,655,834 11,216,487 10,764,880 10,331,923 10,217,149
Total Capitalization (c) 5,293,644 4,926,587 4,670,771 4,576,858 4,739,417
Obligations Under Capital Leases (c) 14,806 15,938 16,803 17,539 159,879
Income Data:
Operating Revenues $ 6,686,699 $ 6,069,156 $ 5,237,000 $ 5,760,949 $ 5,876,620
Income Before Cumulative Effect of Accounting Changes
and Extraordinary Loss, Net of Tax Benefits 116,588 121,152 152,109 265,942 205,295
Cumulative Effect of Accounting Changes, Net of Tax Benefits —(4,741) — (22,432) —
Extraordinary Loss, Net of Tax Benefit —— — — (233,881)
Net Income/(Loss) $ 116,588 $ 116,411 $ 152,109 $ 243,510 $ (28,586)
Common Share Data:
Basic and Fully Diluted Earnings Per Common Share:
Income Before Cumulative Effect of Accounting Changes
and Extraordinary Loss, Net of Tax Benefits $ 0.91 $ 0.95 $ 1.18 $ 1.97 $ 1.45
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 $ 0.91 $ 1.18 $ 1.80 $ (0.20)
Basic Common Shares Outstanding (Average) 128,245,860 127,114,743 129,150,549 135,632,126 141,549,860
Fully Diluted Common Shares
Outstanding (Average) 128,396,076 127,240,724 129,341,360 135,917,423 141,967,216
Dividends Per Share $ 0.63 $ 0.58 $ 0.53 $ 0.45 $ 0.40
Market Price — Closing (high) (d) $ 20.10 $ 20.17 $ 20.57 $ 23.75 $ 24.25
Market Price — Closing (low) (d) $ 17.30 $ 13.38 $ 13.20 $ 16.80 $ 18.25
Market Price — Closing (end of year) (d) $ 18.85 $ 20.17 $ 15.17 $ 17.63 $ 24.25
Book Value Per Share (end of year) $ 17.80 $ 17.73 $ 17.33 $ 16.27 $ 15.43
Tangible Book Value Per Share (end of year) $ 15.17 $ 15.05 $ 14.62 $ 13.71 $ 13.09
Rate of Return Earned on Average Common Equity (%) 5.1 5.2 7.0 11.2 (1.3)
Market-to-Book Ratio (end of year) 1.1 1.1 0.9 1.1 1.6
Capitalization:
Common Shareholders’ Equity 44% 46% 47% 46% 47%
Preferred Stock (c) (e) 2 2 3 3 4
Long-Term Debt (c) 54 52 50 51 49
100% 100% 100% 100% 100%
(a) Total assets were not adjusted for cost of removal prior to 2002.
(b) Includes effects of restatements described in Note 16.
(c) Includes portions due within one year.
(d) Market price information reflects closing prices as reflected by the New York Stock Exchange.
(e) Excludes $100 million of Monthly Income Preferred Securities.