CenturyLink 2010 Annual Report Download - page 8

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FinancialHighlights
NetIncome
beforeextraordinary item in millions
$370 $418 $366
$511
$948
06 07 08 09 10
Diluted EPS
beforeextraordinary item
Book Value
per share
$3.07 $28.11
$3.71 $31.36
$3.52 $31.54
$2.55
$31.62
$3.13
$31.62
06 0607 0708 0809 0910 10
OperatingRevenues
in millions
$2,448 $2,656$2,600
$4,974
$7,042
06 07 08 09 10
Dollars, exceptper shareamounts,5-year
and shares in thousands 2010 2009 2008 2007 2006 2005 CAGR(1)
Operatingrevenues $7,041,534 4,974,2392,599,747 2,656,2412,447,7302,479,25223.2%
Operatingincome $2,059,9441,233,101 721,352 793,078665,538 736,403 22.8%
Depreciationand amortization $1,433,553 974,710 523,786536,255 523,506 531,931 21.9%
Incomebefore extraordinary item $947,705 511,254 365,732 418,370 370,027 334,479 23.2%
Diluted earningsper share
beforeextraordinary item $3.13 2.55 3.52 3.71 3.07 2.49 4.7%
Netcash provided by operating activities$2,044,704 1,573,715853,300 1,029,986 840,719 967,07816.2%
Capital expenditures $863,769 754,544 286,817 326,045 314,071414,872 15.8%
Repurchase of common stock and
common dividendspaid $877,993 560,685 567,350 489,360 831,011 583,225 8.5%
Book valueper share$31.62 31.62 31.54 31.36 28.11 27.54 2.8%
Dividendsper common share $2.90 2.80 2.16750.26 0.25 0.24 64.6%
Average diluted sharesoutstanding301,297 199,057 102,560 112,787 121,990 136,083 17.2%
Total assets$22,038,098 22,562,729 8,254,1958,184,5537,441,0077,762,70723.2%
Long-termdebt,including currentportion
andshort-term debt$7,327,5877,753,7183,314,5263,014,2552,590,8642,652,80622.5%
Stockholders’equity $9,647,1599,466,799 3,167,808 3,415,8103,198,964 3,624,43121.6%
Telephoneaccess lines6,504,000 7,039,000 2,025,000 2,135,000 2,094,000 2,214,000 24.1%
High-speed Internetcustomers2,394,000 2,236,000 641,000 555,000 369,000 249,000 57.2%
(1) Five-yearcompounded annualgrowth rate
Full financialstatements, along with certifications required under the Sarbanes-Oxley Actof 2002, the NewYork Stock Exchange rules andmanagement’sdiscussion and analysis of financial
condition and results of operations, are provided in our 2011 ProxyStatement (“Proxy Statement”) and2010 AnnualReport on Form10 -K (“Form10-K”) filed with the Securities andExchange
Commission. TheProxyStatement will be mailed to shareholders.
A copy of our Form 10-K can be obtained at no charge by contactingour InvestorRelations department at 800.833.1188or by accessingour Web site at www.centurylink.com.
In addition to historical information, this Reviewincludescertain forward-looking statements that are subject to uncertainties that could cause our actual results to differmaterially from
such statements. Please referto our Form 10-K forthe year ended December 31,2010 fora description of these and other uncertainties related to our business.
High-Speed InternetCustomers
in thousands
369555 641
2,236 2,394
06 07 08 09 10
NetCash Provided
by OperatingActivities in millions
$841$1,030 $853
$1,574
$2,045
06 07 08 09 10
BroadbandDeployment
% of total access lines
79 84 88 89 92
06 07 08 09 10
6 GROW TH +OPPORTUNITY AND SCALE