Puget Energy 2003 Annual Report FINANCIAL HIGHLIGHTS
generations Puget Energy 2003 Annual Report FINANCIAL HIGHLIGHTS Puget Energy Summary of results Dollars in thousands, except per share data Year ended December 31 2003 2002 % Change Operating revenues $2,491,523 $2,392,322 4.1)% Income for common stock $ 116,197 $ 110,052 5.6)% Earnings per share (basic) $ 1.23 $ 1.24 (1.1)% Earnings per share (diluted) $ 1.22 $ 1.24 (1.7)% Return on average common equity 7.3% 7.6% (3.9)% Common stock dividend per share $ 1.00 $ 1.21 (17.4)% Diluted common shares outstanding (weighted average) 95,309 88,777 7.4)% Common shareholders of record 43,200 45,200 (4.4)% Total assets at year end $5,674,685 $5,772,133 (1.7)% Puget Sound Energy Summary of results Dollars in thousands Year ended December 31 2003 2002 % Change Operating revenues $2,149,736 $2,072,793 3.7)% Income for common stock $ 114,735 $ 101,117 13.5)% Return on average common equity 7.7% 7.5% 2.7)% Total assets at year end $5,334,787 $5,453,390 (2.2)% Electric customers 977,743 957,982 2.1)% Gas customers 644,629 621,967 3.6)% Senior debt ratings (S&P/Moody’s) BBB/Baa2 BBB/Baa2 Commercial paper ratings (S&P/Moody’s) A3/P2 A3/P2 Number of employees 2,155 2,113 2.0)% InfrastruX Group Summary of results Dollars in thousands Year ended December 31 2003 2002 % Change Operating revenues $ 341,787 $ 319,529 7.0)% Income for common stock1 $ 1,643 $9,455 (82.6)% Return on average common equity 1.6% 10.2%(84.3)% Total assets at year end $ 342,332 $ 319,248 7.2)% Number of employees 3,009 2,547 18.1)% 1 Net of minority interest of $177 and $867 for 2003 and 2002, respectively.
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