CenturyLink 2006 Annual Report Download - page 20

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Financial Highlights
Income from
Continuing Operations
in millions
194
02
345
03
337
04
334
05
370
06
Diluted EPS from
Continuing Operations
1.35
02
2.35
03
2.41
04
2.49
05
3.07
06
Dollars, except per share amounts, and shares 5-year
in thousands 2006 2005 2004 2003 2002 CAGR(1)
Operating revenues from continuing operations $ 2,447,730 2,479,252 2,407,372 2,367,610 1,971,996 7.8%
Operating income from continuing operations $ 665,538 736,403 753,953 750,396 575,406 9.4%
Depreciation and amortization $ 523,506 531,931 500,904 503,652 450,197 3.5%
Income from continuing operations $ 370,027 334,479 337,244 344,707 193,533 13.6%
Net income $ 370,027 334,479 337,244 344,707 801,624 1.5%
Diluted earnings per share from continuing operations $ 3.07 2.49 2.41 2.35 1.35 17.5%
Diluted earnings per share $ 3.07 2.49 2.41 2.35 5.56 1.8%
Net cash provided by operating activities from continuing operations $ 840,719 964,739 955,831 1,067,964 793,434 8.0%
Capital expenditures $ 314,071 414,872 385,316 377,939 386,267 (6.3%)
Repurchase of common stock and common dividends paid $ 831,011 583,225 432,475 31,618 29,757 96.7%
Book value per share $ 28.11 27.54 25.70 24.04 21.55 11.3%
Dividends per common share $ 0.25 0.24 0.23 0.22 0.21 4.6%
Average diluted shares outstanding 122,229 136,087 142,144 148,779 144,408 (3.0%)
Total assets $ 7,441,007 7,762,707 7,796,953 7,895,852 7,770,408
Long-term debt $ 2,412,852 2,376,070 2,762,019 3,109,302 3,578,132
Stockholders’ equity $ 3,190,951 3,617,273 3,409,765 3,478,516 3,088,004
Telephone access lines 2,094,000 2,214,000 2,314,000 2,376,000 2,415,000
High-speed Internet customers 369,000 249,000 143,000 83,000 53,000
(1) Five-year compounded annual growth rate
Full financial statements, along with certifications required under the Sarbanes-Oxley Act of 2002, the New York Stock Exchange rules and management’s discussion and analysis of financial condition and results of
operations, are provided in our 2007 Proxy Statement (“Proxy Statement”) and 2006 Annual Report on Form 10-K (“Form 10-K”) filed with the Securities and Exchange Commission. The Proxy Statement will be
mailed to shareholders.
A copy of our Form 10-K can be obtained at no charge by contacting our Investor Relations Department at 800.833.1188 or by accessing our Web site at www.centurytel.com.
In addition to historical information, this Annual Review includes certain forward-looking statements that are subject to uncertainties that could cause our actual results to differ materially from such statements.
Please refer to our Form 10-K for the year ended December 31, 2006 for a description of these and other uncertainties related to our business.
18 CE N T U R Y TE L 2 0 0 6 A N N U A L R E V I E W