Consolidated Financial Review
Consolidated Financial Review
SELECTED THREE YEAR CONSOLIDATED FINANCIAL DATA
(millions of dollars, except per share amounts) |
| |
2008 |
2007 |
2006 |
| Income Statement |
|
|
|
| Revenues |
8,619 |
8,828 |
7,520 |
| Net income |
|
|
|
| Continuing operations |
1,440 |
1,223 |
1,051 |
| Discontinued operations |
– |
– |
28 |
| |
1,440 |
1,223 |
1,079 |
| Comparable earnings(1) |
1,279 |
1,100 |
925 |
| Per Common Share Data |
|
|
|
| Net income — basic |
|
|
|
| Continuing operations |
$2.53 |
$2.31 |
$2.15 |
| Discontinued operations |
– |
– |
0.06 |
| |
$2.53 |
$2.31 |
$2.21 |
| Net income — diluted |
|
|
|
| Continuing operations |
$2.52 |
$2.30 |
$2.14 |
| Discontinued operations |
– |
– |
0.06 |
| |
$2.52 |
$2.30 |
$2.20 |
| Comparable earnings per share(1) |
$2.25 |
$2.08 |
$1.90 |
| Dividends declared |
$1.44 |
$1.36 |
$1.28 |
| Summarized Cash Flow |
|
|
|
| Funds generated from operations(1) |
3,021 |
2,621 |
2,378 |
| (Increase)/decrease in operating working capital |
(181) |
215 |
(303) |
| Net cash provided by operations |
2,840 |
2,836 |
2,075 |
| Balance Sheet |
|
|
|
| Total assets |
39,414 |
30,330 |
25,909 |
| Total long-term liabilities |
20,392 |
16,511 |
14,464 |
