|
|
Consolidated Income
Year ended December 31
(millions of dollars except per share amounts) |
2011 |
2010 |
2009 |
| Revenues |
9,139 |
8,064 |
8,181 |
| |
|
|
|
| Operating and Other Expenses |
|
|
|
| Plant operating costs and other |
3,449 |
3,114 |
3,213 |
| Commodity purchases resold |
941 |
1,017 |
831 |
| Depreciation and amortization |
1,528 |
1,354 |
1,377 |
| Valuation provision for MGP (Note 9) |
– |
146 |
– |
| |
5,918 |
5,631 |
5,421 |
| |
|
|
|
| Financial Charges/(Income) |
|
|
|
| Interest expense (Note 13) |
937 |
701 |
954 |
| Interest expense of joint ventures (Note 14) |
55 |
59 |
64 |
| Interest income and other |
(55) |
(94) |
(121) |
| |
937 |
666 |
897 |
| Income before Income Taxes |
2,284 |
1,767 |
1,863 |
| |
|
|
|
| Income Tax Expense/(Recovery) (Note 12) |
|
|
|
| Current |
209 |
(141) |
30 |
| Future |
364 |
521 |
357 |
| |
573 |
380 |
387 |
| |
|
|
|
| Net Income |
1,711 |
1,387 |
1,476 |
| Net Income Attributable to Non-Controlling Interests (Note 16) |
129 |
115 |
96 |
| Net Income Attributable to Controlling Interests |
1,582 |
1,272 |
1,380 |
| Preferred Share Dividends (Note 18) |
55 |
45 |
6 |
| Net Income Attributable to Common Shares |
1,527 |
1,227 |
1,374 |
| |
|
|
|
| Net Income per Common Share (Note 17) |
|
|
|
| Basic |
$2.18 |
$1.78 |
$2.11 |
| Diluted |
$2.17 |
$1.77 |
$2.11 |
The accompanying notes to the consolidated financial statements are an integral part of these statements.
|
