Vectren 2012 Annual Report Download - page 128

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5-Year Financial Review
$ in millions, except per share amounts 2012 2011 2010 2009 2008
Key Financial Data
Operating revenues 2,232.8$
2,325.2$
2,129.5$
2,088.9$ 2,484.7$
Operating income 352.5
370.0
316.8
280.1 263.4
Utility net income 138.0
122.9
123.9
107.4 111.1
Net income 159.0$
141.6$
133.7$
133.1$ 129.0$
Common Stock Data
A
verage shares outstanding - basic 82.0
81.8
81.2
80.7 78.3
Earnings per share - basic 1.94$
1.73$
1.65$
1.65$ 1.65$
Dividends per share 1.405$
1.385$
1.365$
1.345$ 1.310$
Dividend payout ratio 72% 80% 83% 82% 79%
Book value per share 18.57$
17.89$
17.61$
17.23$ 16.69$
Market price (year-end, closing) 29.40$
30.23$
25.38$
24.68$ 25.01$
Return on average shareholders' equity 10.6% 9.8% 9.4% 9.7% 10.0%
Balance Sheet Data
Capitalization
Common shareholders' equity 1,526.1$
1,465.5$
1,438.9$
1,397.2$ 1,351.6$
Long-term debt, incl. current maturities 1,659.8 1,622.3 1,715.9 1,639.8 1,328.3
Total 3,185.9$
3,087.8$
3,154.8$
3,037.0$ 2,679.9$
Capitalization ratios
Common shareholders' equity 47.9% 47.5% 45.6% 46.0% 50.4%
Long-term debt, incl. current maturities 52.1% 52.5% 54.4% 54.0% 49.6%
Capital expenditures
Utility 246.0$
233.4$
225.1$
302.7$ 303.7$
Nonutility 119.8 87.9 52.1 129.3 87.3
Total 365.8$
321.3$
277.2$
432.0$ 391.0$
Total assets 5,089.1$
4,878.9$
4,764.2$
4,671.8$ 4,632.9$
Utility Operating Statistics
Gas distribution
Operating revenues 738.1$
819.1$
954.1$
1,066.0$ 1,432.7$
Margin 436.8$
443.7$
449.4$
447.9$ 449.6$
A
verage customers (in thousands) 986
984
982
981 987
Electric
Operating revenues 594.9$
635.9$
608.0$
528.6$ 524.2$
Margin 402.9$
395.5$
373.0$
334.3$ 341.3$
A
verage customers (in thousands) 142
141
141
141 141
Weather as a percent of normal
Heating degree days (Ohio) 88% 100% 105% 103% 102%
Cooling degree days (Indiana) 130% 116% 134% 90% 100%
126