Financial Highlights

Basic Earnings Per Share
(in dollars)
Basic Earnings Per Share–Excluding Items*
(in dollars)
*  Not a financial measure under generally accepted accounting principles. See Reconciliation of Non-GAAP Financial Metric on page 34 for additional information and specific adjustments made to this measure by year.
Return On Average Common Equity
(percent)
Dividends Per Share
(in dollars)
2017 2016 Change
Operating Revenues (in millions) $23,031 $19,896 15.8%
Earnings (in millions) $842 $2,448 (65.6)%
Basic Earnings Per Share $0.84 $2.57 (67.3)%
Diluted Earnings Per Share $0.84 $2.55 (67.1)%
Dividends Per Share (amount paid) $2.30 $2.22 3.6%
Dividend Yield (year-end, percent) 4.8 4.5 6.7%
Average Shares Outstanding (in millions) 1000 951 5.2%
Return On Average Common Equity (percent) 3.44 10.80 (68.1)%
Book Value Per Share $23.99 $25.00 (4.0)%
Market Price Per Share (year-end, closing) $48.09 $49.19 (2.2)%
Total Market Value Of Common Stock (year-end, in millions) $48,456 $48,717 (0.5)%
Total Assets (in millions) $111,005 $109,697 1.2%
Total Kilowatt-Hour Sales (in millions) 205,541 197,788 3.9%
Retail 156,507 160,745 (2.6)%
Wholesale 49,034 37,043 32.4%
Total Utility Customers (year-end, in thousands) 9,263 9,179 0.9%
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