Item 6. Selected Consolidated Financial Data

| | | | | | | | | | | | | | | | | | | | | | NU Selected Consolidated Financial Data (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Thousands of Dollars, except percentages and common share information) | | | | | 2014 | | | 2013 | | | 2012 (a) | | | 2011 | | | 2010 | | | | Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | Property, Plant and Equipment, Net | | | | $ | 18,647,041 | | $ | 17,576,186 | | $ | 16,605,010 | | $ | 10,403,065 | | $ | 9,567,726 | | | | Total Assets | | | | | 29,777,975 | | | 27,795,537 | | | 28,302,824 | | | 15,647,066 | | | 14,472,601 | | | | Total Capitalization (b) (c) | | | | | 18,983,983 | | | 18,077,274 | | | 17,356,112 | | | 9,078,321 | | | 8,627,985 | | | | Obligations Under Capital Leases (b) | | | | | 9,434 | | | 10,744 | | | 11,071 | | | 12,358 | | | 12,236 | | | Income Statement Data: | | | | | | | | | | | | | | | | | | | | | | Operating Revenues | | | | $ | 7,741,856 | | $ | 7,301,204 | | $ | 6,273,787 | | $ | 4,465,657 | | $ | 4,898,167 | | | | Net Income | | | | | 827,065 | | | 793,689 | | | 533,077 | | | 400,513 | | | 394,107 | | | | Net Income Attributable to Noncontrolling Interests | | | | | 7,519 | | | 7,682 | | | 7,132 | | | 5,820 | | | 6,158 | | | | Net Income Attributable to Controlling Interest | | | | $ | 819,546 | | $ | 786,007 | | $ | 525,945 | | $ | 394,693 | | $ | 387,949 | | | Common Share Data: | | | | | | | | | | | | | | | | | | | | | | Net Income Attributable to Controlling Interest: | | | | | | | | | | | | | | | | | | | | | | Basic Earnings Per Common Share | | | $ | 2.59 | | $ | 2.49 | | $ | 1.90 | | $ | 2.22 | | $ | 2.20 | | | | | Diluted Earnings Per Common Share | | | $ | 2.58 | | $ | 2.49 | | $ | 1.89 | | $ | 2.22 | | $ | 2.19 | | | | Weighted Average Common Shares Outstanding: | | | | | | | | | | | | | | | | | | | | | | Basic | | | | 316,136,748 | | | 315,311,387 | | | 277,209,819 | | | 177,410,167 | | | 176,636,086 | | | | | Diluted | | | | 317,417,414 | | | 316,211,160 | | | 277,993,631 | | | 177,804,568 | | | 176,885,387 | | | | Dividends Declared Per Common Share | | | | $ | 1.57 | | $ | 1.47 | | $ | 1.32 | | $ | 1.10 | | $ | 1.03 | | | | Market Price - Closing (high) (d) | | | | $ | 56.15 | | $ | 45.33 | | $ | 40.57 | | $ | 36.31 | | $ | 32.05 | | | | Market Price - Closing (low) (d) | | | | $ | 41.52 | | $ | 38.67 | | $ | 33.53 | | $ | 30.46 | | $ | 24.78 | | | | Market Price - Closing (end of year) (d) | | | | $ | 53.52 | | $ | 42.39 | | $ | 39.08 | | $ | 36.07 | | $ | 31.88 | | | | Book Value Per Common Share (end of year) | | | | $ | 31.47 | | $ | 30.49 | | $ | 29.41 | | $ | 22.65 | | $ | 21.60 | | | | Tangible Book Value Per Common Share (end of year) (e) | | | | $ | 20.37 | | $ | 19.32 | | $ | 18.21 | | $ | 21.03 | | $ | 19.97 | | | | Rate of Return Earned on Average Common Equity (%) (f) | | | | | 8.4 | | | 8.3 | | | 7.9 | | | 10.1 | | | 10.7 | | | | Market-to-Book Ratio (end of year) (g) | | | | | 1.7 | | | 1.4 | | | 1.3 | | | 1.6 | | | 1.5 | | | Capitalization: | | | | | | | | | | | | | | | | | | | | | | Total Equity | | | | | 53 | % | | 53 | % | | 53 | % | | 44 | % | | 44 | % | | | Preferred Stock, not subject to mandatory redemption | | | | | 1 | | | 1 | | | 1 | | | 1 | | | 1 | | | | Long-Term Debt (b) (c) | | | | | 46 | | | 46 | | | 46 | | | 55 | | | 55 | | | | | | | | | 100 | % | | 100 | % | | 100 | % | | 100 | % | | 100 | % | | | | | | | | | | | | | | | | | | | | | | | (a) | | The 2012 results include the operations of NSTAR beginning April 10, 2012. | | | | | | | | | | | | | | | | | | | (b) | | Includes portions due within one year. | | | | | | | | | | | | | | | | | | | (c) | | Excludes RRBs. | | | | | | | | | | | | | | | | | | | (d) | | Market price information reflects closing prices as reflected by the New York Stock Exchange. | | | | | | | | | | | | | | | | | | | (e) | | Common Shareholders' Equity adjusted for goodwill and intangibles divided by total common shares outstanding. | | | | | | | | | | | | | | | | | | | (f) | | Net Income Attributable to Controlling Interest divided by average Common Shareholders' Equity. | | | | | | | | | | | | | | | | | | | (g) | | The closing market price divided by the book value per share. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CL&P Selected Financial Data (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Thousands of Dollars) | | | | | 2014 | | | 2013 | | | 2012 | | | 2011 | | | 2010 | | | | Operating Revenues | | | | | $ | 2,692,582 | | $ | 2,442,341 | | $ | 2,407,449 | | $ | 2,548,387 | | $ | 2,999,102 | | | Net Income | | | | | | 287,754 | | | 279,412 | | | 209,725 | | | 250,164 | | | 244,143 | | | Cash Dividends on Common Stock | | | | | | 171,200 | | | 151,999 | | | 100,486 | | | 243,218 | | | 217,691 | | | Property, Plant and Equipment, Net | | | | | | 6,809,664 | | | 6,451,259 | | | 6,152,959 | | | 5,827,384 | | | 5,586,504 | | | Total Assets | | | | | | 9,360,108 | | | 8,980,502 | | | 9,142,088 | | | 8,791,396 | | | 8,255,192 | | | Long-Term Debt (a) | | | | | | 2,841,951 | | | 2,741,208 | | | 2,862,790 | | | 2,583,753 | | | 2,583,102 | | | Preferred Stock Not Subject to Mandatory Redemption | | | | | | 116,200 | | | 116,200 | | | 116,200 | | | 116,200 | | | 116,200 | | | Obligations Under Capital Leases (a) | | | | | | 8,439 | | | 9,309 | | | 9,960 | | | 10,715 | | | 10,613 | | | | | | | | | | | | | | | | | | | | | | | | (a) | | Includes portions due within one year. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | See the Combined Notes to Consolidated Financial Statements in this Annual Report on Form 10-K for a description of any accounting changes materially affecting the comparability of the information reflected in the tables above. | | | | | | | | | | | | | | | | | | | |