Hess 2008 Annual Report Download - page 34

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Item 6. Selected Financial Data
A five-year summary of selected financial data follows:
2008 2007 2006 2005 2004
(Millions of dollars, except per share amounts)
Sales and other operating revenues
Crude oil and natural gas liquids .............. $ 7,764 $ 6,303 $ 5,307 $ 3,219 $ 2,594
Natural gas (including sales of purchased gas) .... 8,800 6,877 6,826 6,423 4,638
Refined petroleum products .................. 19,765 14,741 13,339 11,317 7,907
Electricity ............................... 2,926 2,322 1,064 363 207
Convenience store sales and other operating
revenues............................... 1,910 1,404 1,531 1,425 1,387
Total ................................. $41,165 $31,647 $28,067 $22,747 $16,733
Income from continuing operations .............. $ 2,360(a) $ 1,832(b) $ 1,920(c) $ 1,226(d) $ 970(e)
Discontinued operations ....................... ———— 7
Net income ................................ $ 2,360 $ 1,832 $ 1,920 $ 1,226 $ 977
Less preferred stock dividends .................. ——444848
Net income applicable to common shareholders ..... $ 2,360 $ 1,832 $ 1,876 $ 1,178 $ 929
Basic earnings per share*
Continuing operations ...................... $ 7.35 $ 5.86 $ 6.75 $ 4.32 $ 3.43
Net income .............................. 7.35 5.86 6.75 4.32 3.46
Diluted earnings per share*
Continuing operations ...................... $ 7.24 $ 5.74 $ 6.08 $ 3.93 $ 3.17
Net income .............................. 7.24 5.74 6.08 3.93 3.19
Total assets ................................ $28,589 $26,131 $22,442 $19,158 $16,312
Total debt ................................. 3,955 3,980 3,772 3,785 3,835
Stockholders’ equity ......................... 12,307 9,774 8,147 6,318 5,597
Dividends per share of common stock* ........... $ .40 $ .40 $ .40 $ .40 $ .40
* Per share amounts in all periods reflect the 3-for-1 stock split on May 31, 2006.
(a) Includes net after-tax expenses of $26 million primarily relating to asset impairments and hurricanes in the Gulf of Mexico.
(b) Includes net after-tax expenses of $75 million primarily relating to asset impairments, estimated production imbalance settlements and a
charge for MTBE litigation, partially offset by income from LIFO inventory liquidations and gains from asset sales.
(c) Includes net after-tax income of $173 million primarily from sales of assets, partially offset by income tax adjustments and accrued leased
office closing costs.
(d) Includes after-tax expenses of $37 million primarily relating to income taxes on repatriated earnings, premiums on bond repurchases and
hurricane related expenses, partially offset by gains from asset sales and a LIFO inventory liquidation.
(e) Includes net after-tax income of $76 million primarily from sales of assets and income tax adjustments.
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