Progress Energy 2007 Annual Report Download - page 134

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
132
(in millions except per share data) First(a) Second(a) Third(a) Fourth(a)
2007
Operating revenues $2,072 $2,129 $2,750 $2,202
Operating income 351 301 610 284
Income from continuing operations 159 106 327 101
Net income (loss) 275 (193) 319 103
Common stock data
Basic earnings per common share
Income from continuing operations 0.63 0.42 1.27 0.39
Net income (loss) 1.08 (0.75) 1.24 0.40
Diluted earnings per common share
Income from continuing operations 0.62 0.41 1.27 0.39
Net income (loss) 1.08 (0.75) 1.24 0.40
Dividends declared per common share 0.610 0.610 0.610 0.615
Market price per share – High 51.60 52.75 49.48 50.25
– Low 47.05 45.15 43.12 44.75
2006
Operating revenues $1,985 $2,083 $2,599 $2,057
Operating income 295 332 570 290
Income from continuing operations 67 110 268 106
Net income (loss) 45 (47) 319 254
Common stock data
Basic earnings per common share
Income from continuing operations before cumulative
effect of change in accounting principle 0.27 0.44 1.07 0.42
Net income (loss) 0.18 (0.19) 1.27 1.01
Diluted earnings per common share
Income from continuing operations before cumulative
effect of change in accounting principle 0.27 0.44 1.07 0.42
Net income (loss) 0.18 (0.19) 1.27 1.01
Dividends declared per common share 0.605 0.605 0.605 0.610
Market price per share – High 45.31 45.16 46.22 49.55
– Low 42.54 40.27 42.05 44.40
(a) Operating results have been restated for discontinued operations.
24. QUARTERLY FINANCIAL DATA
(UNAUDITED)
Results of operations for an interim period may not give
a true indication of results for the year. In the opinion of
management, all adjustments necessary to fairly present
amounts shown for interim periods have been made.
Summarized quarterly financial data was as follows:
In the opinion of management, all adjustments necessary to
fairly present amounts shown for interim periods have been
made. Results of operations for an interim period may not
give a true indication of results for the year. The 2007 and
2006 amounts were restated for discontinued operations
(See Note 3).