2004 ANNUAL REPORT
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Form 10-K CNP 2004
Annual Report CNP 2004
Proxy Statement CNP 2005
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  Year Ended December 31,
(In Millions Of Dollars Except Per Share Amounts) 2002 2003 2004
Revenues $ 6,438 $ 7,790 $ 8,510
Operating Income $ 1,440 $ 1,355 $ 864
Income From Continuing Operations (1) $ 482 $ 409 $ 205

Per Share of Common Stock

Income From Continuing Operations, Basic (1) $ 1.62 $ 1.35 $ 0.67
Income From Continuing Operations, Diluted (1) $ 1.61 $ 1.24 $ 0.61
Book Value - Year End $ 4.74 $ 5.77 $ 3.59
Market Value - Year End $ 8.01 $ 9.69 $ 11.30
Common Dividend Paid $ 1.07 $ 0.40 $ 0.40

Capitalization

Long-term Debt (Includes Current Maturities) $ 9,996 $ 10,939 $ 9,029
Trust Preferred Securities (2) $ 706 $ $
Common Stock Equity $ 1,422 $ 1,761 $ 1,106
Total Capitalization (Includes Current Maturities) $ 12,124 $ 12,700 $ 10,135
Total Assets (3) $ 16,041 $ 17,217 $ 16,597
Capital Expenditures (3) $ 566 $ 497 $ 530
 
Common Stock Outstanding (4) (in thousands)   300,102   305,385   308,045
Number of Common Shareholders   67,308   63,660   59,448
Number of Employees   12,019   11,046   9,093

 

  1. Before extraordinary loss.
  2. The subsidiary trusts that issued trust preferred securities have been deconsolidated as a result of the adoption of FIN 46 “Consolidation of Variable Interest Entities, an Interpretation of Accounting Research Bulletin No. 51” (FIN 46) and the subordinated debentures issued to those trusts are now reported as long-term debt effective December 31, 2003. For additional information related to the adoption of FIN 46, please read Note 2(n) to our consolidated financial statements..
  3. Excluding discontinued operations.
  4. Excludes ESOP shares of 4,915,577 and 911,847 at December 31, 2002, and 2003, respectively.
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