Dominion Power 2004 Annual Report Download - page 3

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D 2004/Page 1
Consolidated Financial Highlights
Year Ended December 31, 2004 2003 %Change
Operating Results (millions)
Operating revenue $13,972 $12,078 15.7%
Reported earnings (GAAP) 1,249 318 292.8%
Operating earnings* 1,523 1,449 5.1%
Net cash provided by operating activities 2,839 2,355 20.6%
Data Per Common Share
Reported earnings (GAAP) $ 3.78 $ 1.00 278.0%
Operating earnings* $ 4.61 $ 4.55 1.3%
Dividends paid $ 2.60 $ 2.58 0.8%
Market value (high) $ 68.85 $ 65.95 4.4%
Market value (low) $ 60.78 $ 51.74 17.5%
Market value (year-end) $ 67.74 $ 63.83 6.1%
Book value (year-end) $ 33.59 $ 32.54 3.2%
Market to book value (year-end) 2.02 1.96 3.1%
Financial Position (millions)
Total assets $45,446 $43,546 4.4%
Total long-term debt 15,507 15,776 -1.7%
Common shareholders’ equity 11,426 10,538 8.4%
Equity market capitalization 23,044 20,757 11.0%
Other Statistics (shares in millions)
Return on average common equity–reported 11.8% 3.0%
Return on average common equity–operating* 14.4% 13.6%
Common shares outstanding–average, diluted 330.5 318.8
Common shares outstanding–year-end 340.2 325.2
Number of full-time employees 16,500 16,700
*Based on Non-GAAP Financial Measures. See pages 24 and 25.