CenterPoint Energy 2014 Annual Report Download - page 47

Repurchases of Equity Securities
During the quarter ended December 31, 2014
, none of our equity securities registered pursuant to Section 12 of the Securities Exchange Act
of 1934 were purchased by or on behalf of us or any of our “affiliated purchasers,” as defined in Rule 10b-
18(a)(3) under the Securities
Exchange Act of 1934.
Item 6. Selected Financial Data
The following table presents selected financial data with respect to our consolidated financial condition and consolidated results of
operations and should be read in conjunction with our consolidated financial statements and the related notes in Item 8 of this report.
___________________
Year Ended December 31,
2014 2013 2012
2011 (3) 2010
(in millions, except per share amounts)
Revenues
$
9,226
$
8,106
$
7,452
$
8,450
$
8,785
Equity in Earnings of Unconsolidated Affiliates
308
(1)
188
(2)
31
30
29
Income before Extraordinary Item
611
311
417
770
442
Extraordinary Item, net of tax —
— —
587
—
Net income
$
611
$
311
$
417
$
1,357
$
442
Basic earnings per common share:
Income before Extraordinary Item
$
1.42
$
0.73
$
0.98
$
1.81
$
1.08
Extraordinary Item, net of tax —
— —
1.38
—
Basic earnings per common share
$
1.42
$
0.73
$
0.98
$
3.19
$
1.08
Diluted earnings per common share:
Income before Extraordinary Item
$
1.42
$
0.72
$
0.97
$
1.80
$
1.07
Extraordinary Item, net of tax —
— —
1.37
—
Diluted earnings per common share
$
1.42
$
0.72
$
0.97
$
3.17
$
1.07
Cash dividends declared per common share
$
0.95
$
0.83
$
0.81
$
0.79
$
0.78
Dividend payout ratio
67
%
114
%
83
%
44
%
(4)
72
%
Return on average common equity
14
%
7
%
10
%
21
%
(4)
15
%
Ratio of earnings to fixed charges
2.79
2.42
2.29
2.96
(4)
2.08
At year-end:
Book value per common share
$
10.58
$
10.09
$
10.09
$
9.91
$
7.53
Market price per common share
23.43
23.18
19.25
20.09
15.72
Market price as a percent of book value
221
%
230
%
191
%
203
%
209
%
Total assets
$
23,200
$
21,870
$
22,871
$
21,703
$
20,111
Short-term borrowings
53
43
38
62
53
Transition and system restoration bonds, including current maturities
3,046
3,400
3,847
2,522
2,805
Other long-term debt, including current maturities
5,758
4,914
5,910
6,603
6,624
Capitalization:
Common stock equity
34
%
34
%
31
%
32
%
25
%
Long-term debt, including current maturities
66
%
66
%
69
%
68
%
75
%
Capitalization, excluding transition and system restoration bonds:
Common stock equity
44
%
47
%
42
%
39
%
33
%
Long-term debt, excluding transition and system restoration bonds, and
including current maturities
56
%
53
%
58
%
61
%
67
%
Capital expenditures
$
1,402
$
1,272
$
1,188
$
1,191
$
1,462
(1)
As of December 31, 2014, we owned approximately 55.4% of the limited partner interest in Enable Midstream Partners, LP (Enable) and
0.1% of Southeast Supply Header, LLC (SESH), each an unconsolidated subsidiary, that we account for on an equity basis.
(2)
Following the formation of Enable on May 1, 2013, Enable owned substantially all of our former Interstate Pipelines and Field Services
business segments, except for our retained 25.05% interest in SESH. As of December 31, 2013, we owned approximately 58.3% of the
limited partner interest in Enable.