Consolidated Statements of Operations |
(In thousands, except per share data) Year Ended December 31, | 1996 | 1995 | 1994 | ||||
Income Statement | REVENUES | $ | 1,357,325 | $ | 1,183,952 | $ | 1,171,423 |
EXPENSES | |||||||
Operating | 854,478 | 742,467 | 728,760 | ||||
Marketing, selling and administrative | 194,629 | 177,481 | 179,051 | ||||
Depreciation and amortization | 91,185 | 80,071 | 77,892 | ||||
1,140,292 | 1,000,019 | 985,703 | |||||
OPERATING INCOME | 217,033 | 183,933 | 185,720 | ||||
OTHER INCOME (EXPENSE) | |||||||
Interest income | 2,278 | 965 | 879 | ||||
Interest expense, net of capitalized interest | (76,540) | (54,844) | (43,349) | ||||
Other income (expense) | 8,095 | 18,904 | (925) | ||||
(66,167) | (34,975) | (43,395) | |||||
INCOME BEFORE EXTRAORDINARY ITEM | 150,866 | 148,958 | 142,325 | ||||
Extraordinary item | - | - | (5,700) | ||||
NET INCOME | $ | 150,866 | $ | 148,958 | $ | 136,625 | |
Earnings Per Share Data | Income before extraordinary item | $ | 2.37 | $ | 2.35 | $ | 2.25 |
Extraordinary item | - | - | (0.09) | ||||
Net income | $ | 2.37 | $ | 2.35 | $ | 2.16 | |
Weighted-average shares outstanding | 63,647,490 | 63,517,643 | 63,367,290 | ||||
The accompanying notes are an integral part of these financial statements.