Vectren 2009 Annual Report Download - page 124

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5-Year Financial Review
In millions, except per share amounts
2009
2008
2007 2006
2005
Key Financial Data
Operating revenues 2,088.9$
2,484.7$
2,281.9$
2,041.6$ 2,028.0$
Operating income 280.1
263.4
260.5
220.5 213.1
Income before income taxes 197.2
205.1
219.1
139.2 181.0
Net income 133.1$
129.0$
143.1$
108.8$ 136.8$
Common Stock Data
A
verage shares outstanding - basic 80.7
78.3
75.9
75.7 75.6
Earnings per share - basic 1.65$
1.65$
1.89$
1.44$ 1.81$
Dividends per share 1.345$
1.310$
1.270$
1.230$ 1.190$
Dividend payout ratio 82% 79% 67% 85% 66%
Book value per share 17.23$
16.69$
16.17$
15.43$ 15.04$
Market price (year-end, closing) 24.68$
25.01$
29.01$
28.28$ 27.16$
Return on average shareholders' equity 9.7% 10.0% 11.9% 9.4% 12.2%
Balance Sheet Data
Capitalization
Common shareholders' equity 1,397.2$
1,351.6$
1,233.7$
1,174.2$ 1,143.3$
Long-term debt 1,639.8
1,328.3
1,245.7
1,252.2 1,252.1
Total 3,037.0$
2,679.9$
2,479.4$
2,426.4$ 2,395.4$
Capitalization ratios
Common shareholders' equity 46.0% 50.4% 49.8% 48.4% 47.7%
Long-term debt 54.0% 49.6% 50.2% 51.6% 52.3%
Capital expenditures
Utility 302.7$
303.7$
299.8$
246.6$ 214.5$
Nonutility 129.3
87.3
34.7
34.8 17.1
Total 432.0$
391.0$
334.5$
281.4$ 231.6$
Total assets 4,671.8$
4,632.9$
4,296.4$
4,091.6$ 3,868.1$
Utility Operating Statistics
Gas distribution
Operating revenues 1,066.0$
1,432.7$
1,269.4$
1,232.5$ 1,359.7$
Margin 447.9$
449.6$
422.2$
391.0$ 386.4$
A
verage customers (in thousands) 981
987
987
981 975
Electric
Operating revenues 528.6$
524.2$
487.9$
422.2$ 421.4$
Margin 334.3$
341.3$
313.1$
270.7$ 277.3$
A
verage customers (in thousands) 141
141
141
140 139
Weather as a percent of normal
Heating degree days (Ohio) 103% 102% 94% 89% 100%
Cooling degree days (Indiana) 90% 100% 133% 95% 109%
122