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Financial Highlights
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For the Years Ended December 31, |
1999 |
1998 |
% change |
Financial Results |
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Operating Revenues |
$6,438 |
$6,661 |
(3.3) |
Operating Income |
$920¹ |
$1,252 |
(26.5) |
Net Income, excluding nonrecurring items |
$681² |
$664 |
2.6 |
Earnings Per Share, excluding nonrecurring items (basic and assuming dilution) |
$3.98² |
$3.85 |
3.4 |
Cash Flow from Operating Activities |
$1,563 |
$1,743 |
(10.3) |
Total Assets |
$13,441 |
$12,029 |
11.7 |
Common Stock Data |
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Average Shares Outstanding (millions) |
171 |
173 |
(1.2) |
Dividends Per Share |
$2.08 |
$2.00 |
4.0 |
Book Value Per Share |
$31.47 |
$29.76 |
5.7 |
Market Price Per Share (high/low) |
$61 15/16-$41 1/8 |
$72 8/16-$56 1/16 |
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Operating Data |
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Energy Sales (millions kwh) |
92,483 |
91,041 |
1.6 |
FPL Customer Accounts (average; thousands) |
3,756 |
3,680 |
2.1 |
Employee (year end) |
10,717 |
10,375 |
3.3 |
1 - Includes effects of impairment loss on Maine assets and settlement of litigation between FPL and FMPA.
2 - Excludes effects of gain on sale of Adelphia Communications Corporation stock, impairment loss on Maine assets, settlement of litigation between FPL and FMPA and the gain on the redemption of a one-third ownership interest in a cable limited partnership.
Including these items, net income and earnings per share were $697 million and $4.07, respectively.
