Item 6. Selected Consolidated Financial Data

| | | | | | | | | | | | | | | | | | | | | | | Eversource Selected Consolidated Financial Data (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Thousands of Dollars, except percentages and common share information) | | | | | 2015 | | | 2014 | | | 2013 | | | 2012 (a) | | | 2011 | | | | | Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | Property, Plant and Equipment, Net | | | | $ | 19,892,441 | | $ | 18,647,041 | | $ | 17,576,186 | | $ | 16,605,010 | | $ | 10,403,065 | | | | | Total Assets (b) | | | | | 30,580,309 | | | 29,740,387 | | | 27,760,315 | | | 28,269,780 | | | 15,617,627 | | | | | Total Capitalization (b) (c) (d) | | | | | 19,542,240 | | | 18,946,395 | | | 18,042,052 | | | 17,323,068 | | | 9,048,882 | | | | | Obligations Under Capital Leases (c) | | | | | 8,222 | | | 9,434 | | | 10,744 | | | 11,071 | | | 12,358 | | | | Income Statement Data: | | | | | | | | | | | | | | | | | | | | | | | Operating Revenues | | | | $ | 7,954,827 | | $ | 7,741,856 | | $ | 7,301,204 | | $ | 6,273,787 | | $ | 4,465,657 | | | | | Net Income | | | | | 886,004 | | | 827,065 | | | 793,689 | | | 533,077 | | | 400,513 | | | | | Net Income Attributable to Noncontrolling Interests | | | | | 7,519 | | | 7,519 | | | 7,682 | | | 7,132 | | | 5,820 | | | | | Net Income Attributable to Common Shareholders | | | | $ | 878,485 | | $ | 819,546 | | $ | 786,007 | | $ | 525,945 | | $ | 394,693 | | | | Common Share Data: | | | | | | | | | | | | | | | | | | | | | | | Net Income Attributable to Common Shareholders: | | | | | | | | | | | | | | | | | | | | | | | Basic Earnings Per Common Share | | | $ | 2.77 | | $ | 2.59 | | $ | 2.49 | | $ | 1.90 | | $ | 2.22 | | | | | | Diluted Earnings Per Common Share | | | $ | 2.76 | | $ | 2.58 | | $ | 2.49 | | $ | 1.89 | | $ | 2.22 | | | | | Weighted Average Common Shares Outstanding: | | | | | | | | | | | | | | | | | | | | | | | Basic | | | | 317,336,881 | | | 316,136,748 | | | 315,311,387 | | | 277,209,819 | | | 177,410,167 | | | | | | Diluted | | | | 318,432,687 | | | 317,417,414 | | | 316,211,160 | | | 277,993,631 | | | 177,804,568 | | | | | Dividends Declared Per Common Share | | | | $ | 1.67 | | $ | 1.57 | | $ | 1.47 | | $ | 1.32 | | $ | 1.10 | | | | | Market Price - Closing (high) (e) | | | | $ | 54.52 | | $ | 56.15 | | $ | 45.33 | | $ | 40.57 | | $ | 36.31 | | | | | Market Price - Closing (low) (e) | | | | $ | 44.63 | | $ | 41.52 | | $ | 38.67 | | $ | 33.53 | | $ | 30.46 | | | | | Market Price - Closing (end of year) (e) | | | | $ | 51.07 | | $ | 53.52 | | $ | 42.39 | | $ | 39.08 | | $ | 36.07 | | | | | Book Value Per Common Share (end of year) | | | | $ | 32.64 | | $ | 31.47 | | $ | 30.49 | | $ | 29.41 | | $ | 22.65 | | | | | Tangible Book Value Per Common Share (end of year) (f) | | | | $ | 21.54 | | $ | 20.37 | | $ | 19.32 | | $ | 18.21 | | $ | 21.03 | | | | | Rate of Return Earned on Average Common Equity (%) (g) | | | | | 8.7 | | | 8.4 | | | 8.3 | | | 7.9 | | | 10.1 | | | | | Market-to-Book Ratio (end of year) (h) | | | | | 1.6 | | | 1.7 | | | 1.4 | | | 1.3 | | | 1.6 | | | | Capitalization: | | | | | | | | | | | | | | | | | | | | | | | Total Equity | | | | | 53 | % | | 53 | % | | 53 | % | | 53 | % | | 44 | % | | | | Preferred Stock Not Subject to Mandatory Redemption | | | | | 1 | | | 1 | | | 1 | | | 1 | | | 1 | | | | | Long-Term Debt (b) (c) (d) | | | | | 46 | | | 46 | | | 46 | | | 46 | | | 55 | | | | | | | | | | 100 | % | | 100 | % | | 100 | % | | 100 | % | | 100 | % | | | | | | | | | | | | | | | | | | | | | | | | | CL&P Selected Financial Data (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Thousands of Dollars) | | | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | | 2011 | | | | | Operating Revenues | | | | | $ | 2,802,675 | | $ | 2,692,582 | | $ | 2,442,341 | | $ | 2,407,449 | | $ | 2,548,387 | | | | Net Income | | | | | | 299,360 | | | 287,754 | | | 279,412 | | | 209,725 | | | 250,164 | | | | Cash Dividends on Common Stock | | | | | | 196,000 | | | 171,200 | | | 151,999 | | | 100,486 | | | 243,218 | | | | Property, Plant and Equipment, Net | | | | | | 7,156,809 | | | 6,809,664 | | | 6,451,259 | | | 6,152,959 | | | 5,827,384 | | | | Total Assets (b) | | | | | | 9,592,957 | | | 9,344,400 | | | 8,965,906 | | | 9,127,602 | | | 8,775,451 | | | | Long-Term Debt (b) (c) | | | | | | 2,763,682 | | | 2,826,243 | | | 2,726,613 | | | 2,848,303 | | | 2,567,808 | | | | Preferred Stock Not Subject to Mandatory Redemption | | | | | | 116,200 | | | 116,200 | | | 116,200 | | | 116,200 | | | 116,200 | | | | Obligations Under Capital Leases (c) | | | | | | 7,624 | | | 8,439 | | | 9,309 | | | 9,960 | | | 10,715 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (a) | | The 2012 results include the operations of NSTAR beginning April 10, 2012. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (b) | | The 2011 through 2014 amounts reflect reclassifications due to the adoption of new accounting guidance that changed the balance sheet presentation of debt issuance costs. Unamortized debt issuance costs are now presented as a direct reduction from the carrying amount of the debt liability rather than as a deferred cost. Prior year amounts were retrospectively adjusted to conform to the current year presentation. See Note 1C, "Summary of Significant Accounting Policies – Accounting Standards," for further information. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (c) | | Includes portions due within one year. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (d) | | Excludes RRBs. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (e) | | Market price information reflects closing prices as reflected by the New York Stock Exchange. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (f) | | Common Shareholders' Equity adjusted for goodwill and intangibles divided by total common shares outstanding. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (g) | | Net Income Attributable to Common Shareholders divided by average Common Shareholders' Equity. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (h) | | The closing market price divided by the book value per share. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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. | | | | | | | | | | | | | | | | | | | | |