Vectren 2010 Annual Report Download - page 124

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5-Year Financial Review
$ in millions, except per share amounts 2010
2009
2008 2007
2006
Key Financial Data
Operating revenues 2,129.5$
2,088.9$
2,484.7$
2,281.9$ 2,041.6$
Operating income 316.8
280.1
263.4
260.5 220.5
Utility net income 123.9
107.4
111.1
106.5 91.4
Net income 133.7$
133.1$
129.0$
143.1$ 108.8$
Common Stock Data
A
verage shares outstanding - basic 81.2
80.7
78.3
75.9 75.7
Earnings per share - basic 1.65$
1.65$
1.65$
1.89$ 1.44$
Dividends per share 1.365$
1.345$
1.310$
1.270$ 1.230$
Dividend payout ratio 83% 82% 79% 67% 85%
Book value per share 17.61$
17.23$
16.69$
16.17$ 15.43$
Market price (year-end, closing) 25.38$
24.68$
25.01$
29.01$ 28.28$
Return on average shareholders' equity 9.4% 9.7% 10.0% 11.9% 9.4%
Balance Sheet Data
Capitalization
Common shareholders' equity 1,438.9$
1,397.2$
1,351.6$
1,233.7$ 1,174.2$
Long-term debt, incl. current maturities 1,715.9 1,639.8 1,328.3 1,245.7 1,252.2
Total 3,154.8$
3,037.0$
2,679.9$
2,479.4$ 2,426.4$
Capitalization ratios
Common shareholders' equity 45.6% 46.0% 50.4% 49.8% 48.4%
Long-term debt, incl. current maturities 54.4% 54.0% 49.6% 50.2% 51.6%
Capital expenditures
Utility 225.1$
302.7$
303.7$
299.8$ 246.6$
Nonutility 52.1 129.3 87.3 34.7 34.8
Total 277.2$
432.0$
391.0$
334.5$ 281.4$
Total assets 4,764.2$
4,671.8$
4,632.9$
4,296.4$ 4,091.6$
Utility Operating Statistics
Gas distribution
Operating revenues 954.1$
1,066.0$
1,432.7$
1,269.4$ 1,232.5$
Margin 449.4$
447.9$
449.6$
422.2$ 391.0$
A
verage customers (in thousands) 982
981
987
987 981
Electric
Operating revenues 608.0$
528.6$
524.2$
487.9$ 422.2$
Margin 373.0$
334.3$
341.3$
313.1$ 270.7$
A
verage customers (in thousands) 141
141
141
141 140
Weather as a percent of normal
Heating degree days (Ohio) 105% 103% 102% 94% 89%
Cooling degree days (Indiana) 134% 90% 100% 133% 95%
122