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.