Financial Highlights -1998

For the Years Ended December 31,

1998

1997

% change

Financial Results

Operating Revenues

$6,661

$6,369

4.6

Operating Income

$1,252

$1,228

2.0

Net Income, excluding nonrecurring items

$664

$618

7.4

Earnings Per Share, excluding nonrecurring items (basic and assuming dilution)

$3.85

$3.57

7.8

Cash Flow from Operating Activities

$1,743

$1,597

9.1

Total Assets

$12,029

$12,449

(3.4)

Common Stock Data

Average Shares Outstanding (millions)

173

173.1

(0.3)

Dividends Per Share

$2.00

$1.92

4.2

Book Value Per Share

$29.76

$28.03

6.2

Market Price Per Share (high/low)

$72 8/16-
$56 1/16

$60 - $42 5/8

Operating Data

Energy Sales (millions kwh)

91,041

82,734

8.0

FPL Customer Accounts (average; thousands)

3,680

3,616

1.8

Employee (year end)

10,375

10,039

3.3