 |
| Duke Energy Corporation
|
|
|
|
|
(In Millions, except per share amounts) |
|
1997 |
|
1996 |
|
1995 |
|
|
| Operating Revenues |
|
|
|
|
|
|
| Natural gas and petroleum products (Notes 2 and 5) |
|
|
|
|
|
|
| Sales, trading and marketing of natural gas |
$ |
8,150.7 |
$ |
5,848.0 |
$ |
3,397.2 |
| and petroleum products |
|
|
|
|
|
|
| Transportation and storage of natural gas |
|
1,503.5 |
|
1,522.9 |
|
1,500.6 |
| Electric (Notes 2 and 5) |
|
|
|
|
|
|
| Generation, transmission and distribution |
|
4,334.5 |
|
4,436.6 |
|
4,454.6 |
| Trading and marketing of electricity |
|
1,664.9 |
|
77.8 |
|
9.8 |
| Other (Note 9) |
|
655.3 |
|
417.1 |
|
332.5 |
|
|
| Total operating revenues |
|
16,308.9 |
|
12,302.4 |
|
9,694.7 |
|
|
|
| Operating Expenses |
|
|
|
|
|
|
| Natural gas and petroleum products purchased (Note 2) |
|
7,705.2 |
|
5,414.3 |
|
3,119.3 |
| Fuel used in electric generation (Note 2) |
|
742.8 |
|
758.5 |
|
744.2 |
| Net interchange and purchased power (Notes 2, 5 and 6) |
|
1,960.2 |
|
456.8 |
|
480.2 |
| Other operation and maintenance (Notes 5, 12 and 15) |
|
2,720.9 |
|
2,382.8 |
|
2,209.0 |
| Depreciation and amortization (Notes 2 and 6) |
|
841.0 |
|
789.4 |
|
737.1 |
| Property and other taxes |
|
368.8 |
|
342.0 |
|
336.6 |
|
|
| Total operating expenses |
|
14,338.9 |
|
10,143.8 |
|
7,626.4 |
|
|
| Operating Income |
|
1,970.0 |
|
2,158.6 |
|
2,068.3 |
|
|
| Other Income and Expenses |
|
|
|
|
|
|
| Deferred returns and allowance for funds used |
|
|
|
|
|
|
| during construction (Note 2) |
|
109.4 |
|
104.8 |
|
113.9 |
| Other, net |
|
28.7 |
|
30.8 |
|
8.3 |
|
|
| Total other income and expenses |
|
138.1 |
|
135.6 |
|
122.2 |
|
|
| Earnings Before Interest and Taxes |
|
2,108.1 |
|
2,294.2 |
|
2,190.5 |
| Interest Expense (Notes 8 and 11) |
|
471.8 |
|
499.2 |
|
508.2 |
| Minority Interests (Note 3) |
|
23.0 |
|
6.2 |
|
-- |
|
|
| Earnings Before Income Taxes |
|
1,613.3 |
|
1,788.8 |
|
1,682.3 |
| Income Taxes (Notes 2 and 7) |
|
638.9 |
|
697.8 |
|
664.2 |
|
|
| Income Before Extraordinary Item |
|
974.4 |
|
1,091.0 |
|
1,018.1 |
| Extraordinary Item (net of tax) |
|
-- |
|
16.7 |
|
-- |
|
|
| Net Income |
|
974.4 |
|
1,074.3 |
|
1,018.1 |
|
|
| Dividends and Premiums on Redemptions of |
|
|
|
|
|
|
| Preferred and Preference Stock (Note 14) |
|
72.8 |
|
44.2 |
|
48.9 |
|
|
| Earnings Available for Common Stockholders |
$ |
901.6 |
$ |
1,030.1 |
$ |
969.2 |
|
|
| Common Stock Data (Note 2) |
|
|
|
|
|
|
| Average shares outstanding |
|
359.8 |
|
361.2 |
|
361.2 |
| Earnings per share (before extraordinary item) |
|
|
|
|
|
|
| Basic |
$ |
2.51 |
$ |
2.90 |
$ |
2.68 |
| Dilutive |
$ |
2.50 |
$ |
2.88 |
$ |
2.67 |
| Earnings per share |
|
|
|
|
|
|
| Basic |
$ |
2.51 |
$ |
2.85 |
$ |
2.68 |
| Dilutive |
$ |
2.50 |
$ |
2.83 |
$ |
2.67 |
| Dividends per share |
$ |
1.90 |
$ |
1.57 |
$ |
1.50 |
|
|
| See Notes to Consolidated Financial Statements |