CenterPoint Energy 2005 Annual Report Download - page 3

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FINANCIAL HIGHLIGHTS
YEAR ENDED DECEMBER 31 2003 2004 2005
IN MILLIONS OF DOLLARS (EXCEPT PER SHARE AMOUNTS)
REVENUES $ 7,790 $ 7,999 $ 9,722
Operating Income 1,355 864 939
Income From Continuing Operations (1) 409 205 225
PER SHARE OF COMMON STOCK
Income From Continuing Operations, Basic (1) 1.35 0.67 0.72
Income From Continuing Operations, Diluted (1) 1.24 0.61 0.67
Book Value - Year End 5.77 3.59 4.18
Market Value - Year End 9.69 11.30 12.85
Common Dividend Paid 0.40 0.40 0.40
CAPITALIZATION
Transition Bonds (Includes Current Portion) 717 676 2,480
Other Long-term Debt (Includes Current Portion) 10,222 8,353 6,427
Common Stock Equity 1,760 1,106 1,296
Total Capitalization (Includes Current Portion) 12,699 10,135 10,203
Total Assets (2) 17,217 16,531 17,116
Capital Expenditures (2) $ 497 $ 530 $ 719
Common Stock Outstanding (3) (in thousands) 305,385 308,045 310,325
Number of Common Shareholders 63,660 59,448 55,294
Number of Employees 11,046 9,093 9,001
(1) Before Extraordinary Item.
(2) Excluding discontinued operations. See Footnote (3) in Form 10-K.
(3) Excludes ESOP shares of 911,847 at December 31, 2003.
OUR COMPANY AT A GLANCE
ELECTRIC TRANSMISSION & DISTRIBUTION (T&D) – The CenterPoint Energy (CNP)
T&D utility serves nearly 2 million metered customers in the Houston metropolitan
area. In our 5,000-square-mile electric service territory, 1.7 million customers are
residential, 230,000 are commercial and 2,100 are industrial, accounting for
52 percent, 31 percent and 15 percent of revenues, respectively. The remaining
2 percent of revenues came from municipal sources.
NATURAL GAS DISTRIBUTION – CNP’s natural gas distribution business serves
3 million customers in six states. We own and operate about 98,000 miles of main
and service lines that deliver gas to more than 990 communities in Arkansas,
Louisiana, Minnesota, Mississippi, Oklahoma and Texas, including the high
growth areas of Houston and Minneapolis.
PIPELINES AND FIELD SERVICES – CNP’s two interstate natural gas pipelines
together have 8,200 miles of pipe and move more than 900 billion cubic feet (Bcf)
of gas each year. Our gathering unit operates about 4,000 miles of gathering
pipeline and handles approximately 1 Bcf of natural gas per day. Pipeline Services
designs, constructs and maintains pipelines.
COMPETITIVE NATURAL GAS SALES AND SERVICES – This competitive business
sells natural gas and related services to commercial, industrial and wholesale
customers with a focus on the eastern half of the United States.
CENT ERPOINT E NERGY 2 0 05 AN N UA L R E PO R T [1]