|
Financial Statements |
 |
Consolidated Statements of Common Stockholders' Equity
| Duke Energy Corporation |
Years Ended December 31, |
|
| (In millions) |
|
1998 |
|
|
1997 |
|
|
1996 |
|
|
| Common Stock |
|
|
|
|
|
|
|
|
|
| Balance at beginning of year |
$ |
4,284 |
|
$ |
4,289 |
|
$ |
4,297 |
|
| Stock repurchased (Note 15) |
|
-- |
|
|
-- |
|
|
(31 |
) |
| Dividend reinvestment and employee benefits |
|
165 |
|
|
(9 |
) |
|
23 |
|
| Other capital stock transactions, net |
|
-- |
|
|
4 |
|
|
-- |
|
| |
|
| Balance at end of year |
|
4,449 |
|
|
4,284 |
|
|
4,289 |
|
| |
|
| Retained Earnings |
|
|
|
|
|
|
|
|
|
| Balance at beginning of year |
|
3,256 |
|
|
3,052 |
|
|
2,716 |
|
| Net income |
|
1,252 |
|
|
974 |
|
|
1,074 |
|
| Common stock dividends |
|
(794 |
) |
|
(682 |
) |
|
(566 |
) |
| Preferred and preference stock dividends and premiums |
|
|
|
|
|
|
|
|
|
| on redemptions (Note 13) |
|
(21 |
) |
|
(72 |
) |
|
(44 |
) |
| Other capital stock transactions, net |
|
8 |
|
|
(16 |
) |
|
(128 |
) |
| |
|
| Balance at end of year |
|
3,701 |
|
|
3,256 |
|
|
3,052 |
|
| |
|
| Total Common Stockholders' Equity |
$ |
8,150 |
|
$ |
7,540 |
|
$ |
7,341 |
|
 |
| See Notes to Consolidated Financial Statements |
|
|
