 |
| (Dollars in millions, except per-share amounts) |
| For the Year |
1997 |
1996 |
1995 |
1994 |
1993 |
| Revenues |
$ 4,410 |
$ 3,531 |
$ 2,856 |
$ 1,751 |
$ 1,793 |
| Income from continuing operations(1) |
350 |
362 |
299 |
165 |
186 |
| Income from discontinued operations |
– |
– |
1,019 |
94 |
46 |
| Extraordinary loss |
(79) |
– |
– |
(12) |
– |
| Net income(1)(2) |
271 |
362 |
1,318 |
247 |
232 |
| Per-share data (diluted): |
| Income from continuing operations |
1.04
|
1.07 |
.92
|
.51 |
.57 |
| Income from discontinued operations |
– |
– |
3.25 |
.30 |
.15 |
| Extraordinary loss |
(.24) |
– |
– |
(.4) |
– |
| Net income |
.80 |
1.07 |
4.17 |
.77 |
.72 |
| Common dividends paid per share |
.54 |
.47 |
.36 |
.28 |
.26 |
| Cash provided by operating activities |
920 |
710 |
829 |
180 |
187 |
| Capital expenditures |
1,162 |
819 |
828 |
325 |
428 |
| Depreciation, depletion and amortization(3) |
499 |
421 |
376 |
155 |
142 |
| Return on average common equity(4) |
7.8% |
11.2% |
10.4% |
15.7% |
15.2% |
| Return on average capital(4)(5) |
6.0% |
7.9% |
7.5% |
9.3% |
9.5% |
| At Year-End |
|
|
|
|
|
| Property, plant and equipment — net |
10,056 |
9,386 |
8,015 |
3,124 |
3,679 |
| Total assets |
13,879 |
12,419 |
10,561 |
5,226 |
5,020 |
| Long-term debt |
4,565 |
4,377 |
2,874 |
1,308 |
1,605 |
| Stockholders’ equity |
3,572 |
3,421 |
3,187 |
1,506 |
1,724 |
| Net book value per common share |
10.71 |
10.35 |
9.71 |
5.18 |
5.25 |
| Shares outstanding (thousands) |
320,187 |
314,954 |
311,294 |
272,654 |
309,236 |
| Debt to debt-plus-equity ratio(6) |
59.7% |
57.9% |
50.1% |
59.3% |
49.0% |
| Total employees |
15,231 |
11,209 |
9,946 |
8,227 |
7,189 |
(1)See
Notes 2 and 6 of the Notes to Consolidated Financial Statements for discussion of the gain
on sale of interest in subsidiary, asset sales and write-offs.
(2)See Note 3 for discussion of the gain from the 1995 sale of discontinued operations and
Note 8 for discussion of the 1997 extraordinary loss.
(3)Amounts have been restated to include amortization of intangible assets.
(4)1995 excludes the gain from the sale of discontinued operations.
(5)Capital consists of stockholders’ equity, long-term debt and current debt.
(6)Amounts have been restated to include notes payable and
current debt.
Note: Share and per-share amounts reflect the effect of the
December 29, 1997, two-for-one common stock split and distribution and the adoption of
Statement of Financial Accounting Standards No. 128, "Earnings per Share." |
 |