|
|
|
|
 |
 |
 |
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|
Financial Highlights
(dollars in thousands, except per share amounts) |
| Year Ended Dec 31, |
|
2003
|
|
2002
|
|
2001
|
|
Growth Rate
2003 vs 2002
|
|
Growth Rate
2002 vs 2001
|
|
| Income Highlights |
|
|
|
|
|
|
|
|
|
|
| Operating revenues |
|
$ 2,817,852
|
|
$ 2,440,288
|
|
$ 2,634,768
|
|
15.5%
|
|
(7.4)%
|
Income from continuing
operations |
|
$ 230,576
|
|
$ 206,198
|
|
$ 327,367
|
|
11.8%
|
|
(37.0)%
|
| Net income |
|
$ 240,579
|
|
$ 149,408
|
|
$ 312,166
|
|
61.0%
|
|
(52.1)%
|
| |
|
|
|
|
|
|
|
|
|
|
| Balance Sheet Highlights |
|
|
|
|
|
|
|
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|
Total assets
- year-end |
|
$ 9,536,378
|
|
$ 9,139,157
|
|
$ 8,529,124
|
|
4.3%
|
|
7.2%
|
Common stock equity
- year-end |
|
$ 2,829,779
|
|
$ 2,686,153
|
|
$ 2,499,323
|
|
5.3%
|
|
7.5%
|
| |
|
|
|
|
|
|
|
|
|
|
| Per Share Highlights |
|
|
|
|
|
|
|
|
|
|
Earnings per share from
continuing operations - diluted |
|
$ 2.52
|
|
$ 2.43
|
|
$ 3.85
|
|
3.7%
|
|
(36.9)%
|
| Net income - diluted |
|
$ 2.63
|
|
$ 1.76
|
|
$ 3.68
|
|
49.4%
|
|
(52.2)%
|
Indicated annual dividend
- year-end |
|
$ 1.80
|
|
$ 1.70
|
|
$ 1.60
|
|
5.9%
|
|
6.3%
|
Book value per share
- year-end |
|
$ 30.97
|
|
$ 29.40
|
|
$ 29.46
|
|
5.3%
|
|
(0.2)%
|
| |
|
|
|
|
|
|
|
|
|
|
| Stock Performance |
|
|
|
|
|
|
|
|
|
|
Stock price per share
- year-end |
|
$ 40. 02
|
|
$ 34.09
|
|
$ 41.85
|
|
|
|
|
| Stock price appreciation |
|
17.4%
|
|
(18.5)%
|
|
(12.1)%
|
|
|
|
|
| Total return |
|
23.1%
|
|
(14.8)%
|
|
(9.0)%
|
|
|
|
|
Market capitalization
- year-end |
|
$ 3,653,343
|
|
$ 3,115,142
|
|
$ 3,549,924
|
|
17.3%
|
|
(12.2)%
|
|
|
|
|
