Duke Energy Corporation
Years Ended December 31
In Millions, except where noted 1997a  1996a  1995a 

Operating Revenues $ 16,308.9 $ 12,302.4 $ 9,694.7
Earnings Before Interest and Taxes (EBIT) 2,108.1 2,294.2 2,190.5
Income Before Extraordinary Item 974.4 1,091.0 1,018.1
Net Income 974.4 1,074.3 1,018.1
Earnings for Common Stockholders 901.6 1,030.1 969.2

Common Stock Data
  Average Shares Outstanding 359.8 361.2 361.2
  Basic Earnings per share (before extraordinary item) $ 2.51 $ 2.90 $ 2.68
  Basic Earnings per share 2.51 2.85 2.68
  Dividends per share 1.90 1.57 1.50

Capitalization
  Common Equity 50% 51% 50%
  Preferred Stock 3% 5% 5%
  Trust Preferred Securities 2% --  -- 
  Total Debt 45% 44% 45%
SEC Fixed Charges Coverage 4.1 4.3 4.0

Total Assets $ 24,028.8 $ 22,366.2 $ 20,867.9
Total Debt 6,776.8 6,295.4 6,295.0
Cash Flows from Operations 2,140.1 2,335.2 1,832.2
Capital and Investment Expenditures 2,027.6 1,550.0 1,290.7

Operating Datab
  Electric Operations Volumes, GWh Sales 77,541 76,852 76,737
  Natural Gas Transmission Volumes, TBtu 2,862 2,939 2,703
  Natural Gas Gathered/Processed, TBtu/d 3.4 2.9 1.9
  Natural Gas Liquids Production, MBbl/d 103.9 76.5 54.8
  Natural Gas Marketed, TBtu/d 6.9 5.5 3.6
  Electricity Marketed, GWhc 64,650 4,229 513
 

Basic Earnings per share
1997
1996
1995
   
Dividends per share
1997
1996
1995
 
    S&P 500   Moody's   Fitch   Duff & Phelps
Senior Indebtedness    
Preferred Stock    
Commercial Paper    
 
a Financial information reflects accounting for the merger with PanEnergy Corp as a pooling of interests. As a result, the financial information gives effect to the merger as if it had occurred January 1, 1995.
b Units of measure used are gigawatt-hours (GWh), trillion British thermal units (TBtu), trillion British thermal units per day (TBtu/d) and thousand barrels per day (MBbl/d), as applicable.
c Excludes Electric Operations’ volumes.