Vectren 2013 Annual Report Download - page 135

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5-Year Financial Review
$ in millions, except per share amounts 2013 2012 2011 2010 2009
Key Financial Data
Operating revenues 2,491.2$
2,232.8$
2,325.2$
2,129.5$ 2,088.9$
Operating income 333.6
352.5
370.0
316.8 280.1
Utility net income 141.8
138.0
122.9
123.9 107.4
Net income 1174.1$ 159.0$ 141.6$ 133.7$ 133.1$
Common Stock Data
A
verage shares outstanding - basic 82.3
82.0
81.8
81.2 80.7
Earnings per share - basic 1 2.12$ 1.94$ 1.73$ 1.65$ 1.65$
Dividends per share 1.425$
1.405$
1.385$
1.365$ 1.345$
Dividend payout ratio 167% 72% 80% 83% 82%
Book value per share 18.86$
18.57$
17.89$
17.61$ 17.23$
Market price (year-end, closing) 35.50$
29.40$
30.23$
25.38$ 24.68$
Return on average shareholders' equity 111.3% 10.6% 9.8% 9.4% 9.7%
Balance Sheet Data
Capitalization
Common shareholders' equity 1,554.3$
1,526.1$
1,465.5$
1,438.9$ 1,397.2$
Long-term debt, incl. current maturities 1,807.1 1,659.8 1,622.3 1,715.9 1,639.8
Total 3,361.4$
3,185.9$
3,087.8$
3,154.8$ 3,037.0$
Capitalization ratios
Common shareholders' equity 46.2% 47.9% 47.5% 45.6% 46.0%
Long-term debt, incl. current maturities 53.8% 52.1% 52.5% 54.4% 54.0%
Capital expenditures
Utility 261.1$
246.0$
233.4$
225.1$ 302.7$
Nonutility 132.3 119.8 87.9 52.1 129.3
Total 393.4$
365.8$
321.3$
277.2$ 432.0$
Total assets 5,102.6$
5,089.1$
4,878.9$
4,764.2$ 4,671.8$
Utility Operating Statistics
Gas distribution
Operating revenues 810.0$
738.1$
819.1$
954.1$ 1,066.0$
Margin 451.9$
436.8$
443.7$
449.4$ 447.9$
A
verage customers (in thousands) 992
986
984
982 981
Electric
Operating revenues 619.3$
594.9$
635.9$
608.0$ 528.6$
Margin 416.4$
402.9$
395.5$
373.0$ 334.3$
A
verage customers (in thousands) 142
142
141
141 141
Weather as a percent of normal
Heating degree days (Ohio) 103% 88% 100% 105% 103%
Cooling degree days (Indiana) 103% 130% 116% 134% 90%
(1) In 2013, excludes a $37.5 million, or $0.46 per share, after-tax loss from ProLiance in the year of disposition of its gas
marketing assets. Reported results for 2013 were net income of $136.6 million, or $1.66 per share. Based upon reported
results, the dividend payout ratio and the return on average shareholders’ equity for 2013 were 86% and 8.9%, respectively.
See page 33 of the Form 10-K incorporated herein for more information regarding the use of non-GAAP measures.
133