2010 Financial Highlights

2010 Financial Highlights

Year ended December 31  
(millions of dollars) 2010  2009  2008 2007 2006 
Income    
Net income applicable to common shares    
Continuing operations
1,227  1,374  1,440 1,223 1,051 
Discontinued operations
—  —  28 
  1,227  1,374  1,440 1,223 1,079 
     
Cash Flow    
Funds generated from operations 3,331  3,080  3,021 2,621 2,378 
(Increase)/decrease in operating working capital (249) (90) 135 63 (506)
Net cash provided by operations 3,082  2,990  3,156 2,684 1,872 
     
Capital expenditures and acquisitions 5,036  6,319  6,363 5,874 2,042 
     
Balance Sheet    
Total assets 46,589  43,841  39,414 30,330 25,909 
Long-term debt 17,028  16,186  15,368 12,377 10,887 
Junior subordinated notes 985  1,036  1,213 975 — 
Preferred shares 1,224  539  — 
Common shareholders' equity 15,503  15,220  12,898 9,785 7,701 
 
Common Share Statistics  
Year ended December 31 2010  2009  2008 2007 2006 
     
Net income per share — Basic    
Continuing operations $1.78  $2.11  $2.53 $2.31 $2.15 
Discontinued operations —  —  0.06 
  $1.78  $2.11  $2.53 $2.31 $2.21 
     
Net income per share — Diluted    
Continuing operations $1.77  $2.11  $2.52 $2.30 $2.14 
Discontinued operations —  —  0.06 
  $1.77  $2.11  $2.52 $2.30 $2.20 
     
Dividends declared per share $1.60  $1.52  $1.44 $1.36 $1.28 
     
Common shares outstanding (millions)    
Average for the year 690.5  651.8  569.6 529.9 488.0 
End of year 696.2  684.4  616.5 539.8 489.0