Progress Energy 2004 Annual Report Download - page 112

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SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA (UNAUDITED)
110
Selected Consolidated Financial and Operating Data (Unaudited)
(in millions except per share data)
2004 2003 2002 2001 2000
Results of Operations(a)
Operating revenues $9,772 $8,741 $8,091 $8,129 $3,769
Net income from continuing operations before cumulative effect 753 811 552 541 478
Net income $759 $782 $528 $542 $478
Balance Sheet Data at Year-end
Total assets(b) $25,993 $26,093 $24,272 $23,701 $22,875
Capitalization:
Common stock equity $7,633 $7,444 $6,677 $6,004 $5,424
Preferred stock-redemption not required 93 93 93 93 93
Minority interest 36 30 18 12 –
Long-term debt, net(c) 9,521 9,934 9,747 8,619 4,904
Current portion of long-term debt 349 868 275 688 184
Short-term obligations 684 4 695 942 4,959
Total Capitalization and Total Debt $18,316 $18,373 $17,505 $16,358 $15,564
Other Financial Data
Return on average common stock equity (percent) 9.99 11.07 8.44 9.41 13.04
Ratio of earnings to fixed charges 2.26 1.97 1.48 1.52 3.36
Number of common shareholders of record 67,638 70,159 72,792 75,673 80,289
Book value per common share $31.26 $30.94 $28.73 $28.20 $27.17
Basic earnings per common share
Income from continuing operations $3.11 $3.42 $2.54 $2.64 $3.04
Net income $3.13 $3.30 $2.43 $2.65 $3.04
Diluted earnings per common share
Income from continuing operations $3.10 $3.40 $2.53 $2.63 $3.03
Net income $3.12 $3.28 $2.42 $2.64 $3.03
Dividends declared per common share $2.32 $2.26 $2.20 $2.14 $2.08
Energy Supply – Electric Utility (millions of kWh)(a)
Generated
Steam 50,782 51,501 49,734 48,732 31,132
Nuclear 30,445 30,576 30,126 27,301 23,857
Hydro 802 955 491 245 441
Combustion turbines/combined cycle 9,695 7,819 8,522 6,644 1,337
Purchased 13,466 13,848 14,305 14,469 5,724
Total energy, supply (Company share) 105,190 104,699 103,178 97,391 62,491
Joint-owner share(d) 5,395 5,213 5,258 4,886 4,505
Total System Energy Supply 110,585 109,912 108,436 102,277 66,996
(a) Results of operations and energy supply data includes information for Florida Progress Corporation since November 30, 2000, the date of acquisition.
(b) All periods have been restated for the reclassification of cost at removal.
(c) Includes long-term debt to affiliated trust of $270 million at December 31, 2004, and 2003.
(d) Amounts are net of Company’s purchases from joint-owners.