Financial Highlights
| YEARS ENDED DECEMBER 31 |
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In millions, except where noted | |
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2001 | |
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2000 | |
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1999 | |
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Operating revenues |
$ | 59,503 | $ | 49,318 | $ | 21,766 | ||||||||||
| Earnings before interest and taxes | 4,256 | 4,014 | 2,043 | |||||||||||||
| Income before extraordinary item and cumulative effect of change in accounting principle |
1,994 | 1,776 | 847 | |||||||||||||
| Net income | 1,898 | 1,776 | 1,507 | |||||||||||||
| Earnings available for common stockholders | 1,884 | 1,757 | 1,487 | |||||||||||||
COMMON STOCK DATAa |
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| Weighted-average shares outstanding | 767 | 736 | 729 | |||||||||||||
| Basic earnings per share (before extraordinary item and cumulative effect of change in accounting principle) |
$ | 2.58 | $ | 2.39 | $ | 1.13 | ||||||||||
| Basic earnings per share | 2.45 | 2.39 | 2.04 | |||||||||||||
| Dividends per share | 1.10 | 1.10 | 1.10 | |||||||||||||
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| Common equity | 41% | 37% | 42% | |||||||||||||
| Minority interests | 7% | 9% | 6% | |||||||||||||
| Preferred stock | 1% | 1% | 1% | |||||||||||||
| Trust preferred securities | 5% | 5% | 7% | |||||||||||||
| Total debt | 46% | 48% | 44% | |||||||||||||
| SEC fixed charges coverage | 3.8 | 3.6 | 2.7 | |||||||||||||
Total assets |
$ | 48,375 | $ | 58,232 | $ | 33,409 | ||||||||||
| Total debt | 14,185 | 12,980 | 9,432 | |||||||||||||
| Cash flows from operating activities | 4,595 | 2,225 | 2,684 | |||||||||||||
| Cash flows used in investing activities | (6,281 | ) | (4,930 | ) | (3,751 | ) | ||||||||||
| Cash flows from financing activities | 1,354 | 2,714 | 1,600 | |||||||||||||
OPERATING DATAb |
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| Franchised Electric’s sales, GWh | 79,685 | 84,766 | 81,548 | |||||||||||||
| Natural Gas Transmission’s proportional throughput, TBtu |
1,710 | 1,771 | 1,893 | |||||||||||||
| Natural gas marketed, TBtu/dc | 14.0 | 12.6 | 11.0 | |||||||||||||
| Electricity marketed and traded, GWhd | 335,210 | 275,258 | 109,634 | |||||||||||||
| Field Services’ natural gas gathered and processed/transported, TBtu/d |
8.6 | 7.6 | 5.1 | |||||||||||||
| Field Services’ natural gas liquids production, MBbl/d |
397.2 | 358.5 | 192.4 | |||||||||||||
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a | Year 2000 and 1999 amounts are restated to reflect the two-for-one common stock split effective January 26, 2001. |
| 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 | Includes volumes for both North American Wholesale Energy and Field Services. | |
| d | Includes volumes for North American Wholesale Energy only. |
