|
|
Financial Highlights
(dollars in thousands, except per share amounts) |
| Year Ended Dec 31, |
|
2004
|
|
2003
|
|
2002
|
|
Growth Rate
2004 vs 2003
|
|
Growth Rate
2003 vs 2002
|
 |
| Income Highlights |
|
|
|
|
|
|
|
|
|
|
| Operating revenues |
|
$ 2,899,725
|
|
$ 2,759,494
|
|
$ 2,405,250
|
|
5.1%
|
|
14.7%
|
Income from continuing
operations |
|
$ 235,218
|
|
$ 225,803
|
|
$ 236,563
|
|
4.2%
|
|
(4.5)%
|
| Net income |
|
$ 243,195
|
|
$ 240,579
|
|
$ 149,408
|
|
1.1%
|
|
61.0%
|
| |
|
|
|
|
|
|
|
|
|
|
| Balance Sheet Highlights |
|
|
|
|
|
|
|
|
|
|
Total assets
- year-end |
|
$ 9,896,747
|
|
$ 9,519,042
|
|
$ 9,139,157
|
|
4.0%
|
|
4.2%
|
Common stock equity
- year-end |
|
$ 2,950,196
|
|
$ 2,829,779
|
|
$ 2,686,153
|
|
4.3%
|
|
5.3%
|
| |
|
|
|
|
|
|
|
|
|
|
| Per Share Highlights |
|
|
|
|
|
|
|
|
|
|
Earnings per share from
continuing operations - diluted |
|
$ 2.57
|
|
$ 2.47
|
|
$ 2.78
|
|
4.0%
|
|
(11.2)%
|
| Net income - diluted |
|
$ 2.66
|
|
$ 2.63
|
|
$ 1.76
|
|
1.1%
|
|
49.4%
|
Indicated annual dividend
- year-end |
|
$ 1.90
|
|
$ 1.80
|
|
$ 1.70
|
|
5.6%
|
|
5.9%
|
Book value per share
- year-end |
|
$ 32.14
|
|
$ 30.97
|
|
$ 29.40
|
|
3.8%
|
|
5.3%
|
| |
|
|
|
|
|
|
|
|
|
|
| Stock Performance |
|
|
|
|
|
|
|
|
|
|
Stock price per share
- year-end |
|
$ 44.41
|
|
$ 40.02
|
|
$ 34.09
|
|
|
|
|
| Stock price appreciation |
|
11.0%
|
|
17.4%
|
|
(18.5)%
|
|
|
|
|
| Total return |
|
15.9%
|
|
23.1%
|
|
(14.8)%
|
|
|
|
|
Market capitalization
- year-end |
|
$ 4,076,965
|
|
$ 3,657,025
|
|
$ 3,115,142
|
|
11.5%
|
|
17.4%
|
|
|
|
|
