CenterPoint Energy 2010 Annual Report Download - page 91

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69
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME
Year Ended December 31,
2008
2009
2010
(in millions,
except per share amounts)
Revenues .................................................................................................................................................
$ 11,322
$ 8,281
$ 8,785
Expenses:
Natural gas ............................................................................................................................................
7,466
4,371
4,574
Operation and maintenance ...................................................................................................................
1,502
1,664
1,719
Depreciation and amortization ..............................................................................................................
708
743
864
Taxes other than income taxes ..............................................................................................................
373
379
379
Total ..................................................................................................................................................
10,049
7,157
7,536
Operating Income ..................................................................................................................................
1,273
1,124
1,249
Other Income (Expense):
Gain (loss) on marketable securities .....................................................................................................
(139)
82
67
Gain (loss) on indexed debt securities...................................................................................................
128
(68)
(31)
Interest and other finance charges .........................................................................................................
(468)
(513)
(481)
Interest on transition and system restoration bonds ..............................................................................
(136)
(131)
(140)
Equity in earnings of unconsolidated affiliates .....................................................................................
51
15
29
Other, net ..............................................................................................................................................
14
39
12
Total ..................................................................................................................................................
(550)
(576)
(544)
Income Before Income Taxes ................................................................................................................
723
548
705
Income tax expense ...............................................................................................................................
(277)
(176)
(263)
Net Income .............................................................................................................................................
$ 446
$ 372
$ 442
Basic Earnings Per Share ......................................................................................................................
$ 1.32
$ 1.02
$ 1.08
Diluted Earnings Per Share...................................................................................................................
$ 1.30
$ 1.01
$ 1.07
Dividends Declared Per Share.....................................................................................................................................
$ 0.73
$ 0.76
$ 0.78
Weighted Average Shares Outstanding, Basic ........................................................................................................
336
365
410
Weighted Average Shares Outstanding, Diluted ....................................................................................................
344
368
413
See Notes to Consolidated Financial Statements