Progress Energy 2007 Annual Report Download - page 135

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Progress Energy Annual Report 2007
133
SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA (UNAUDITED)
Years ended December 31
(in millions, except per share data) 2007 2006(a) 2005(a) 2004(a) 2003(a)
Operating results
Operating revenues $9,153 $8,724 $7,948 $7,168 $6,775
Income from continuing operations before cumulative
effect of changes in accounting principles, net of tax 693 551 523 552 536
Net income 504 571 697 759 782
Per share data
Basic earnings
Income from continuing operations $2.71 $2.20 $2.12 $2.28 $2.26
Net income 1.97 2.28 2.82 3.13 3.30
Diluted earnings
Income from continuing operations 2.70 2.20 2.12 2.27 2.25
Net income 1.96 2.28 2.82 3.12 3.28
Assets $26,286 $25,707 $27,066 $26,013 $26,198
Capitalization and Debt
Common stock equity $8,422 $8,286 $8,038 $7,633 $7,444
Preferred stock of subsidiaries –
not subject to mandatory redemption 93 93 93 93 93
Minority interest 84 10 36 29 24
Long-term debt, net(b) 8,737 8,835 10,446 9,521 9,693
Current portion of long-term debt 877 324 513 349 868
Short-term debt 201 – 175 684 4
Capital lease obligations 247 72 18 19 20
Total capitalization and debt $18,661 $17,620 $19,319 $18,328 $18,146
Other financial data
Return on average common stock equity (percent) 5.97% 7.05% 8.91% 9.99% 11.07%
Ratio of earnings to fixed charges 2.62 2.08 2.11 2.23 2.06
Number of common shareholders of record 58,991 64,899 67,638 70,159 72,792
Book value per common share $32.66 $32.71 $32.35 $31.39 $30.94
Dividends declared per common share $2.45 $2.43 $2.38 $2.32 $2.26
Energy supply (millions of kilowatt-hours)
Generated
Steam 51,163 48,770 52,306 50,782 51,501
Nuclear 30,336 30,602 30,120 30,445 30,576
Combusion turbines/combined cycle 13,319 11,857 11,349 9,695 7,819
Hydro 415 594 749 802 955
Purchased 14,994 14,664 14,566 13,466 13,848
Total energy supply (Company share) 110,227 106,487 109,090 105,190 104,699
Joint-owner share(c) 5,351 5,224 5,388 5,395 5,213
Total system energy supply 115,578 111,711 114,478 110,585 109,912
(a) Operating results and balance sheet data have been restated for discontinued operations.
(b) Includes long-term debt to affiliated trust of $271 million at December 31, 2007 and 2006, and $270 million at December 31, 2005, 2004 and 2003 (See Note 23).
(c) Amounts represent co-owners' share of the energy supplied from the six generating facilities that are jointly owned.