Dominion Power 2015 Annual Report Download - page 17

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15
DOMINION RESOURCES 2015 SUMMARY ANNUAL REPORT
CONSOLIDATED
FINANCIAL HIGHLIGHTS
Year ended Dec. 31, 2015 2014 % Change
FINANCIAL RESULTS (millions)
Operating revenue $ 11,683 $ 12,436 -6.1%
Operating expenses 8,147 9,715 -16.1%
Amounts attributable to Dominion:
Income from continuing operations, net of tax 1,899 1,310 45.0%
Reported earnings 1,899 1,310 45.0%
Operating earnings* 2,040 2,003 1.8%
DATA PER COMMON SHARE
Reported earnings $ 3.20 $ 2.24 42.9%
Operating earnings* $ 3.44 $ 3.43 0.3%
Dividends paid $ 2.59 $ 2.40 7.9%
Market value (intraday high) $ 79.89 $ 80.89 -1.2%
Market value (intraday low) $ 64.54 $ 63.14 2.2%
Market value (year-end) $ 67.64 $ 76.90 -12.0%
Book value (year-end) $ 21.24 $ 19.74 7.6%
Market to book value (year-end) 3.18 3.90 -18.5%
FINANCIAL POSITION (millions)
Total assets $ 58,797 $ 54,327 8.2%
Total debt 28,951 25,955 11.5%
Common shareholders’ equity 12,664 11,555 9.6%
Equity market capitalization 40,335 45,010 -10.4%
CASH FLOWS (millions)
Net cash provided by operating activities $ 4,475 $ 3,439
Net cash used in investing activities (6,503) (5,181)
Net cash provided by financing activities 2,317 1,744
OTHER STATISTICS (shares in millions)
Common shares outstanding – average, diluted 593.7 584.5
Common shares outstanding – year-end 596.3 585.3
Number of full-time employees 14,700 14,400
* Based on non-GAAP Financial Measures. See page 22 for GAAP Reconciliations.
OPERATING EARNINGS*
Dollars per Share
* Based on non-GAAP Financial Measures.
See page 22 for GAAP Reconciliations.
2011
3.03
2012
3.09
2013
3.25
2014
3.43 3.44
2015
YEAR-END STOCK PRICE
Dollars per Share
2011
53.08
2012
51.80
2013
64.69
2014
76.90
67.64
2015
TARGETED DIVIDEND INCREASE*
Dollars per Share
2012
2.11
2013
2.25
2014
2.40
2015
2.59 2.80*
2016
* All dividend declarations are subject to
Board of Directors approvals.