Dominion Power 2014 Annual Report Download - page 17

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DOMINION RESOURCES, INC.
15
OPERATING EARNINGS*
Dollars per Share
YEAR-END STOCK PRICE
Dollars per Share
TARGETED DIVIDEND INCREASE*
Dollars per Share
CONSOLIDATED FINANCIAL HIGHLIGHTS
* All dividend declarations are subject to
Board of Directors approvals.
2.25
2.11
1.97
2.40
2.59*
* Based on non-GAAP Financial Measures.
See page 22 for GAAP Reconciliations.
3.03
3.27
3.43
3.09
3.25
Year ended Dec. 31,
FINANCIAL RESULTS (MILLIONS)
Operating revenue $ 12,436 $ 13,120 -5.2%
Operating expenses
9,715
9,804 -0.9%
Amounts attributable to Dominion:
Income from continuing operations, net of tax 1,310 1,789 -26.8%
Loss from discontinued operations, net of tax — (92) -100.0%
Reported earnings 1,310 1,697 -22.8%
Operating earnings* 2,003 1,881 6.5%
DATA PER COMMON SHARE
Reported earnings $ 2.24 $ 2.93 -23.5%
Operating earnings* $ 3.43 $ 3.25 5.5%
Dividends paid $ 2.40 $ 2.25 6.7%
Market value (intraday high) $ 80.89 $ 67.97 19.0%
Market value (intraday low) $ 63.14 $ 51.92 21.6%
Market value (year-end) $ 76.90 $ 64.69 18.9%
Book value (year-end) $ 19.74 $ 20.02 -1.4%
Market to book value (year-end) 3.90 3.23 20.7%
FINANCIAL POSITION (MILLIONS)
Total assets $ 54,327 $ 50,096 8.4%
Total debt 25,955 22,776 14.0%
Common shareholders’ equity 11,555 11,642 -0.7%
Equity market capitalization 45,010 37,615 19.7%
CASH FLOWS (MILLIONS)
Net cash provided by operating activities $ 3,439 $ 3,433
Net cash used in investing activities (5,181) (3,458)
Net cash provided by financing activities 1,744 93
OTHER STATISTICS (SHARES IN MILLIONS)
Common shares outstanding – average, diluted 584.5 579.5
Common shares outstanding – year-end 585.3 581.5
Number of full-time employees 14,400 14,500
* Based on non-GAAP Financial Measures. See page 22 for GAAP Reconciliations.
2014 2013 % Change
14
13
12
11
10
51.80
53.08
42.72
64.69
76.90
14
13
12
11
10 11
15
14
13
12