Hess 2004 Annual Report Download - page 3

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1
FINANCIAL AND OPERATING HIGHLIGHTS
Amerada Hess Corporation and Consolidated Subsidiaries
Dollar amounts in millions, except per share data 2004 2003
FINANCIAL
—
FOR THE YEAR
Sales and other operating revenues $ 16,733 $14,311
Income from continuing operations $ 970 $ 467
Net income $ 977 $ 643
Net income per share diluted $ 9.57 $ 7.11
Common stock dividends per share $ 1.20 $ 1.20
Net cash provided by operating activities $ 1,903 $ 1,581
Capital expenditures $ 1,521 $ 1,358
Weighted average diluted shares outstanding
—
in thousands 102,086 90,342
FINANCIAL
—
AT YEAR-END
Total assets $ 16,312 $13,983
Total debt $ 3,835 $ 3,941
Stockholders’ equity $ 5,597 $ 5,340
Debt to capitalization ratio(a) 40.7% 42.5%
OPERATING
—
FOR THE YEAR
Production
—
net
Crude oil and natural gas liquids
—
thousands of barrels per day
United States 56 55
Foreign 190 204
Total 246 259
Natural gas
—
thousands of Mcf per day
United States 171 253
Foreign 404 430
Total 575 683
Barrels of oil equivalent
—
thousands of barrels per day 342 373
Refining and marketing
—
thousands of barrels per day
Refining crude runs
—
HOVENSA L.L.C.(c) 242 220
Refined products sold 428 419
(a) Total debt as a percentage of the sum of total debt and stockholders’ equity.
(b) Includes production related to discontinued operations of 13 thousand barrels of oil equivalent per day.
(c) Reflects the Corporation’s 50% share of HOVENSA’s crude runs.
See Management’s Discussion and Analysis of Results of Operations.
(b)