 |
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1997 * |
1996 |
change |
| Operating revenues (in millions) |
$12,611 |
$10,358 |
21.8% |
| Consolidated net income (in millions) |
$ 972 |
$ 1,127 |
(13.8)% |
| Basic and diluted earnings per share |
$ 1.42 |
$ 1.68 |
(15.5)% |
| Dividends per share |
$ 1.30 |
$ 1.26 |
3.2% |
| Average shares outstanding (in millions) |
685 |
673 |
1.8% |
| Return on average common equity (percent) |
10.30 |
12.53 |
(17.8)% |
| Book value per share |
$ 13.91 |
$ 13.61 |
2.2% |
| Market price (year-end, closing) |
25 7/8 |
22 5/8 |
14.4% |
| Dividend yield (year-end, percent) |
5.0 |
5.6 |
(10.7)% |
| Total assets (in millions) |
$35,271 |
$30,230 |
16.7% |
| Net cash used for investing activities |
$ 4,765 |
$ 1,293 |
268.3% |
| Total kilowatt-hour sales |
156,451 |
153,531 |
1.9% |
| (traditional business, in millions) |
|
|
|
| Retail |
133,242 |
131,819 |
1.1% |
| Sales for resale |
23,209 |
21,712 |
6.9% |
| Total number of customers |
3,720 |
3,643 |
2.1% |
| (traditional business, year-end, in thousands) |
|
|
|
| Total number of employees |
30,756 |
29,246 |
5.2% |
* Reflects an after-tax charge to earnings of approximately $111 million, or 16 cents per share, for a windfall profits tax assessed in the United Kingdom |
The entire Financial Review is available for download as an Adobe Acrobat file (247Kb).
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