Consolidated Statements of Income

 
As of December 31,
In millions, except share amounts
2009
2008
2007
Operating revenues (Note 1)
$2,317
$2,800
$2,494
Operating expenses
Cost of gas (Note 1)
1,142
1,654
1,369
Operation and maintenance
497
472
451
Depreciation and amortization (Note 1)
158
152
144
Taxes other than income taxes
44
44
41
Total operating expenses
1,841
2,322
2,005
Operating income
476
478
489
Other income
9
6
4
Interest expense, net
(101)
(115)
(125)
Earnings before income taxes
384
369
368
Income tax expense (Note 8)
135
132
127
Net income
249
237
241
Less net income attributable to the noncontrolling interest (Note 5)
27
20
30
Net income attributable to AGL Resources Inc.
$ 222
$ 217
$ 211
Per common share data (Note 1)
Basic earnings per common share attributable to AGL Resources Inc. common shareholders
$ 2.89
$ 2.85
$ 2.74
Diluted earnings per common share attributable to AGL Resources Inc. common shareholders
$ 2.88
$ 2.84
$ 2.72
Cash dividends declared per common share
$ 1.72
$ 1.68
$ 1.64
Weighted average number of common shares outstanding (Note 1)
Basic
76.8
76.3
77.1
Diluted
77.1
76.6
77.4

See Notes to Consolidated Financial Statements.