Vectren 2011 Annual Report Download - page 128

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5-Year Financial Review
$ in millions, except per share amounts 2011 2010 2009 2008 2007
Key Financial Data
Operating revenues 2,325.2$
2,129.5$
2,088.9$
2,484.7$ 2,281.9$
Operating income 370.0
316.8
280.1
263.4 260.5
Utility net income 122.9
123.9
107.4
111.1 106.5
Net income 141.6$
133.7$
133.1$
129.0$ 143.1$
Common Stock Data
A
verage shares outstanding - basic 81.8
81.2
80.7
78.3 75.9
Earnings per share - basic 1.73$
1.65$
1.65$
1.65$ 1.89$
Dividends per share 1.385$
1.365$
1.345$
1.310$ 1.270$
Dividend payout ratio 80% 83% 82% 79% 67%
Book value per share 17.89$
17.61$
17.23$
16.69$ 16.17$
Market price (year-end, closing) 30.23$
25.38$
24.68$
25.01$ 29.01$
Return on average shareholders' equity 9.8% 9.4% 9.7% 10.0% 11.9%
Balance Sheet Data
Capitalization
Common shareholders' equity 1,465.5$
1,438.9$
1,397.2$
1,351.6$ 1,233.7$
Long-term debt, incl. current maturities 1,622.3 1,715.9 1,639.8 1,328.3 1,245.7
Total 3,087.8$
3,154.8$
3,037.0$
2,679.9$ 2,479.4$
Capitalization ratios
Common shareholders' equity 47.5% 45.6% 46.0% 50.4% 49.8%
Long-term debt, incl. current maturities 52.5% 54.4% 54.0% 49.6% 50.2%
Capital expenditures
Utility 233.4$
225.1$
302.7$
303.7$ 299.8$
Nonutility 87.9 52.1 129.3 87.3 34.7
Total 321.3$
277.2$
432.0$
391.0$ 334.5$
Total assets 4,878.9$
4,764.2$
4,671.8$
4,632.9$ 4,296.4$
Utility Operating Statistics
Gas distribution
Operating revenues 819.1$
954.1$
1,066.0$
1,432.7$ 1,269.4$
Margin 443.7$
449.4$
447.9$
449.6$ 422.2$
A
verage customers (in thousands) 984
982
981
987 987
Electric
Operating revenues 635.9$
608.0$
528.6$
524.2$ 487.9$
Margin 395.5$
373.0$
334.3$
341.3$ 313.1$
A
verage customers (in thousands) 141
141
141
141 141
Weather as a percent of normal
Heating degree days (Ohio) 100% 105% 103% 102% 94%
Cooling degree days (Indiana) 116% 134% 90% 100% 133%
126