consolidated financial statistics A
| IN MILLIONS OF DOLLARS WHERE APPLICABLE |
2001 |
|
2000 |
|
1999 |
|
1998 |
|
1997 |
|
 |
| Selected Income Information |
| Operating Revenues |
| Electric |
$ |
4,156 |
|
$ |
3,837 |
|
$ |
4,081 |
|
$ |
3,986 |
|
$ |
3,883 |
| Trading |
|
2,403 |
|
|
2,724 |
|
|
1,842 |
|
|
1,877 |
|
|
283 |
| Gas |
|
2,293 |
|
|
2,140 |
|
|
1,717 |
|
|
1,559 |
|
|
1,937 |
| Other |
|
963 |
|
|
794 |
|
|
687 |
|
|
442 |
|
|
344 |
|
| Total Operating Revenues |
$ |
9,815 |
|
$ |
9,495 |
|
$ |
8,327 |
|
$ |
7,864 |
|
$ |
6,447 |
|
Income before Extraordinary Item and
Cumulative Effect of a Change
in Accounting Principle |
$ |
763 |
|
$ |
764 |
|
$ |
723 |
|
$ |
644 |
|
$ |
560 |
| Extraordinary Item (Net of Tax) |
|
(2 |
) |
|
— |
|
|
(804 |
)B |
|
— |
|
|
— |
Cumulative Effect of a Change in
Accounting Principle (Net of Tax) |
|
9 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Net Income (Loss) |
$ |
770 |
|
$ |
764 |
|
$ |
(81 |
) |
$ |
644 |
|
$ |
560 |
|
Earnings (Loss) per Average Share
(Basic and Diluted): |
Income before Extraordinary Item and
Cumulative Effect of a Change in
Accounting Principle |
$ |
3.67 |
|
$ |
3.55 |
|
$ |
3.29 |
|
$ |
2.79 |
|
$ |
2.41 |
| Extraordinary Item (Net of Tax) |
|
(0.01 |
) |
|
— |
|
|
(3.66 |
) |
|
— |
|
|
— |
Cumulative Effect of a Change
in Accounting Principle
(Net of Tax) |
|
0.04 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Net Income (Loss) |
$ |
3.70 |
|
$ |
3.55 |
|
$ |
(0.37 |
) |
$ |
2.79 |
|
$ |
2.41 |
|
| Dividends Paid per Share |
$ |
2.16 |
|
$ |
2.16 |
|
$ |
2.16 |
|
$ |
2.16 |
|
$ |
2.16 |
| Payout Ratio E |
|
59 |
% |
|
61 |
% |
|
66 |
% |
|
77 |
% |
|
90 |
% |
| Rate of Return on Average Common Equity CDE |
|
18.8 |
% |
|
18.7 |
% |
|
15.0 |
% |
|
12.4 |
% |
|
10.8 |
% |
| Ratio of Earnings to Fixed ChargesDE |
|
2.30 |
|
|
2.73 |
|
|
3.09 |
|
|
2.86 |
|
|
2.55 |
| Book Value per Common ShareF |
$ |
20.10 |
|
$ |
19.21 |
|
$ |
18.46 |
|
$ |
22.49 |
|
$ |
22.47 |
Total Gross Property, Plant and
Equipment |
$ |
14,886 |
|
$ |
11,947 |
|
$ |
11,009 |
|
$ |
18,327 |
|
$ |
17,815 |
Accumulated Depreciation and
Amortization of Property,
Plant and Equipment |
$ |
4,822 |
|
$ |
4,266 |
|
$ |
3,943 |
|
$ |
7,392 |
|
$ |
6,765 |
| Total Assets |
$ |
25,397 |
|
$ |
21,526 |
|
$ |
19,015 |
|
$ |
17,991 |
|
$ |
17,943 |
|
| Consolidated Capitalization |
| Long-Term Debt |
$ |
7,950 |
|
$ |
5,297 |
|
$ |
4,575 |
|
$ |
4,763 |
|
$ |
4,873 |
| Securitization Debt |
|
2,351 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Total Long-Term Debt |
$ |
10,301 |
|
$ |
5,297 |
|
$ |
4,575 |
|
$ |
4,763 |
|
$ |
4,873 |
|
| Subsidiaries' Preferred Securities |
$ |
760 |
|
$ |
1,208 |
|
$ |
1,208 |
|
$ |
1,208 |
|
$ |
683 |
|
| Common Stockholders' Equity: |
| Common Stock |
$ |
3,599 |
|
$ |
3,604 |
|
$ |
3,604 |
|
$ |
3,603 |
|
$ |
3,603 |
| Treasury Stock |
|
(981 |
) |
|
(895 |
) |
|
(597 |
) |
|
(207 |
) |
— |
| Retained Earnings |
|
1,809 |
|
|
1,493 |
|
|
1,193 |
|
|
1,748 |
|
|
1,623 |
Accumulated Other Comprehensive
Income (Loss) |
|
(290 |
) |
|
(206 |
) |
|
(204 |
) |
|
(46 |
) |
|
(15 |
) |
|
| Total Common Stockholders' Equity |
$ |
4,137 |
|
$ |
3,996 |
|
$ |
3,996 |
|
$ |
5,098 |
|
$ |
5,211 |
|
| Total Capitalization |
$ |
15,198 |
|
$ |
10,501 |
|
$ |
9,779 |
|
$ |
11,069 |
|
$ |
10,767 |
|
AThe detailed Consolidated Financial Statements and related discussion appear in Appendix A
to the Proxy Statement. |
| BWrite-down of PSE&G's nuclear and fossil generating stations. |
| CNet Income for a twelve-month period divided by the thirteen-month average of Common Equity. |
| DIncludes Preferred Securities Dividend Requirements. |
| EExcludes Extraordinary Item and Cumulative Effect of a Change in Accounting Principle. |
| FTotal Common Equity divided by end-of-period Common Shares outstanding. |
|
