CenterPoint Energy 2012 Annual Report Download - page 80

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58
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME
Year Ended December 31,
2010 2011 2012
(in millions, except per share amounts)
Revenues ........................................................................................................ $ 8,785 $ 8,450 $ 7,452
Expenses:
Natural gas.................................................................................................... 4,574 4,055 2,873
Operation and maintenance .......................................................................... 1,719 1,835 1,874
Depreciation and amortization...................................................................... 864 886 1,050
Taxes other than income taxes...................................................................... 379 376 365
Goodwill impairment.................................................................................... — — 252
Total......................................................................................................... 7,536 7,152 6,414
Operating Income ......................................................................................... 1,249 1,298 1,038
Other Income (Expense):
Gain on marketable securities....................................................................... 67 19 154
Gain (loss) on indexed debt securities.......................................................... (31) 35 (71)
Interest and other finance charges ................................................................ (481)(456)(422)
Interest on transition and system restoration bonds...................................... (140)(127)(147)
Equity in earnings of unconsolidated affiliates............................................. 29 30 31
Return on true-up balance............................................................................. — 352 —
Step acquisition gain..................................................................................... — — 136
Other, net ...................................................................................................... 12 23 38
Total......................................................................................................... (544)(124)(281)
Income Before Income Taxes and Extraordinary Item............................. 705 1,174 757
Income tax expense....................................................................................... 263 404 340
Income Before Extraordinary Item............................................................. 442 770 417
Extraordinary Item, net of tax....................................................................... — 587 —
Net Income..................................................................................................... $ 442 $ 1,357 $ 417
Basic Earnings Per Share:
Income Before Extraordinary Item............................................................... $ 1.08 $ 1.81 $ 0.98
Extraordinary Item, net of tax....................................................................... — 1.38 —
Net Income.................................................................................................... $ 1.08 $ 3.19 $ 0.98
Diluted Earnings Per Share:
Income Before Extraordinary Item............................................................... $ 1.07 $ 1.80 $ 0.97
Extraordinary Item, net of tax....................................................................... — 1.37 —
Net Income.................................................................................................... $ 1.07 $ 3.17 $ 0.97
Dividends Declared Per Share ..................................................................... $ 0.78 $ 0.79 $ 0.81
Weighted Average Shares Outstanding, Basic............................................ 410 426 427
Weighted Average Shares Outstanding, Diluted........................................ 413 429 430
See Notes to Consolidated Financial Statements