OG&E 2014 Annual Report Download - page 36

68 OGE Energy Corp.
Historical Performance
(In millions except per share data) 2014 2013 2012 2011 2010
Selected Financial Data
Operating revenues $ 2,453.1 $ 2,867.7 $ 3,671.2 $ 3,915.9 $ 3,716.9
Cost of sales 1,106.6 1,428.9 1,918.7 2,277.9 2,187.4
Other operating expenses 809.7 885.3 1,075.6 991.3 935.6
Operating income 536.8 553.5 676.9 646.7 593.9
Equity in earning of unconsolidated affiliates 172.6 101.9 — — —
Allowance for equity funds used during construction 4.2 6.6 6.2 20.4 11.4
Other income 17.8 31.8 17.6 19.8 13.7
Other expense 14.4 22.2 16.5 21.7 17.9
Interest expense 148.4 147.5 164.1 140.9 139.7
Income tax expense 172.8 130.3 135.1 160.7 161.0
Net income 395.8 393.8 385.0 363.6 300.4
Less: net income attributable to noncontrolling interest — 6.2 30.0 20.7 5.1
Net income attributable to OGE Energy $ 395.8 $ 387.6 $ 355.0 $ 342.9 $ 295.3
Diluted earnings per average common share $ $1.98 $ 1.94 $ 1.79 $ 1.73 $ 1.49
Long-term debt $ 2,755.3 $ 2,400.1 $ 2,848.6 $ 2,737.1 $ 2,362.9
Total assets $ 9,527.8 $ 9,134.7 $ 9,922.2 $ 8,906.0 $ 7,669.1
Common Stock Statistics
Dividends paid per share $ 0.93 $ 0.84 $ 0.79 $ 0.75 $ 0.73
Dividends declared per share $0.95000 $0.85125 $0.79750 $0.75875 $0.73125
Book value $ 16.27 $ 15.30 $ 14.01 $ 13.17 $ 11.74
Market price – year end $ 35.48 $ 33.9 $ 28.16 $ 28.36 $ 22.77
Price/earnings ratio – year end 17.9 17.5 15.7 16.4 15.3
Basic average shares outstanding (millions) 199.2 198.2 197.1 195.8 194.6
Diluted average shares outstanding (millions) 199.9 199.4 198.1 198.5 197.8
Actual shares outstanding (millions) 199.4 198.5 197.5 196.0 195.1
Number of shareholders 16,957 17,828 18,905 19,948 20,942
Capitalization Ratios(A)
Stockholders’ equity 54.1% 55.9% 51.9% 50.7% 50.4%
Long-term debt 45.9% 44.1% 48.1% 49.3% 49.6%
Miscellaneous Statistics
Electric customers 814,982 806,940 798,110 789,146 782,558
Megawatt-hour sales (millions) 30.2 28.6 29.4 29.5 28.1
Megawatt generating capability – year end (thousands) 6.8 6.8 6.8 6.8 6.5
Megawatt peak demand (thousands) 6.3 6.3 7.0 7.1 6.6
Fuel mix (generation only, by kilowatt-hours generated)
Natural gas 32% 40% 42% 39% 42%
Coal 61% 53% 52% 58% 55%
Wind 7% 7% 6% 3% 3%
Cost (in kilowatt-hours – cents)
Natural gas $ 4.506 $ 3.905 $ 2.930 $ 4.328 $ 4.638
Coal $ 2.152 $ 2.273 $ 2.310 $ 2.064 $ 1.911
Weighted average $ 2.752 $ 2.784 $ 2.437 $ 2.897 $ 3.012
(A) Capitalization ratios = [Stockholders’ equity/(Stockholders’ equity + Long-term debt + Long-term debt due within one year)] and [(Long-term debt + Long-term debt due within one
year)/(Stockholders’equity + Long-term debt + Long-term debt due within one year)].
Investor Information
Annual Meeting
The annual meeting of shareholders is scheduled for 10 a.m. Thursday,
May 14, 2015, at the Skirvin Hilton Hotel, 1 Park Avenue, Oklahoma
City. The Board of Directors will request proxies for this meeting and
statements will be mailed to shareholders on or about March 31, 2015.
Ticker Symbol Information
The New York Stock Exchange lists OGE Energy Corp. common stock
for trading under the symbol OGE. Quotes appear in daily newspapers
where the common stock is listed as “OGE Engy” in the New York Stock
Exchange table.
Stock Exchange Listing
New York Stock Exchange
OGE Energy Corp.
Common stock
Form 10-K
A copy of the Annual Report to the Securities and Exchange
Commission, Form 10-K, will be furnished without charge to any
shareholder upon written request by contacting:
Todd Tidwell
OGE Energy Corp.
Investor Relations, MC 1105
P.O. Box 321
Oklahoma City, OK 73101-0321
Shareholder Information
Shareholders with questions or in need of assistance concerning
their OGE stock accounts should contact OGE’s registrar, stock plan
administrator, transfer agent and dividend disbursing agent:
Computershare
P.O. Box 30170
College Station, TX 77842-3170
Phone toll free: 1-888-216-8114
Internet account access:
www.computershare.com/investor
Additional Information
Shareholders, analysts, brokers and institutional investors with
questions or comments may contact Todd Tidwell, Director,
Investor Relations at [phone].
Stock Purchase Plan
This plan offers a convenient and economical way to purchase OGE
Energy Corp. common stock. Plan materials are available on the
Internet at www.oge.com or a prospectus and enrollment packet may
be obtained by calling 1-888-216-8114. Please read the prospectus
thoroughly before enrolling in the plan.
Dividend Direct Deposit
Shareholders may have their dividends deposited directly into their
checking, savings or money market accounts. To take advantage of this
service, please contact the registrar.
Market Price of Common Stock
The following table gives information with respect to price ranges,
as reported in The Wall Street Journal as New York Stock Exchange
Composite Transactions, for the periods shown.
High Low
2015
First Quarter (through February 20) $36.48 $32.92
2014
First Quarter $37.29 $32.91
Second Quarter 39.10 34.93
Third Quarter 39.28 34.88
Fourth Quarter 37.90 32.85
2013
First Quarter $35.08 $27.70
Second Quarter 36.59 32.20
Third Quarter 39.55 33.85
Fourth Quarter 40.00 32.85
The number of record holders of the Company’s Common Stock at
February 27, 2015, was 16,864. The reported closing market price of
the Company’s Common Stock on the New York Stock Exchange on
February 27, 2015, was $32.51.
Cumulative Five-Year Total Return
This graph shows a five-year comparison of cumulative total returns for
the Company’s common stock, the S&P 500 Index and the S&P 1500
Utilities Sector Index. The graph assumes that the value of the
investment in the Company’s common stock and each index was $100
at Dec. 31, 2009, and that all dividends were reinvested. As of Dec. 31,
2014, the closing price of the Company’s common stock on the New
York Stock Exchange was $35.48.
Duplicate Annual Reports
Annual reports are typically mailed for each separate shareholder
registration. To eliminate duplicate mailings please contact the registrar.
Corporate Governance
All of OGE Energy Corp.’s corporate governance material, including
codes of conduct, guidelines for corporate governance and committee
charters, is available for public viewing on the OGE Energy web site
at www.oge.com under the heading “Investor Relations,” “Corporate
Governance.” OGE Energy Corp.’s corporate governance material also is
available upon request sent to OGE Energy Corp.’s Corporate Secretary.
OGE Energy Corp. 69
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OGE Energy Corp.
S&P 500 index
S&P 1500 Utilities Sector Index
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