filings.toolsItem 6. Selected Consolidated Financial Data
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Item 6. Selected Consolidated Financial Data
Eversource Selected Consolidated Financial Data (Unaudited)
| (Thousands of Dollars, except percentages and common share information) | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||
| Balance Sheet Data: | |||||||||||||||||||
| Property, Plant and Equipment, Net | $ | 27,585,470 | $ | 25,610,428 | $ | 23,617,463 | $ | 21,350,510 | $ | 19,892,441 | |||||||||
| Total Assets | 41,123,915 | 38,241,256 | 36,220,386 | 32,053,173 | 30,580,309 | ||||||||||||||
| Common Shareholders' Equity | 12,629,994 | 11,486,817 | 11,086,242 | 10,711,734 | 10,352,215 | ||||||||||||||
| Noncontrolling Interest - Preferred Stock of Subsidiaries | 155,570 | 155,570 | 155,570 | 155,568 | 155,568 | ||||||||||||||
| Long-Term Debt (a) | 14,098,239 | 13,086,062 | 12,325,520 | 9,603,237 | 9,034,457 | ||||||||||||||
| Obligations Under Capital Leases (a) | 10,516 | 10,735 | 9,898 | 8,924 | 8,222 | ||||||||||||||
| Obligations Under Operating Leases (a) | 49,966 | — | — | — | — | ||||||||||||||
| Income Statement Data: | |||||||||||||||||||
| Operating Revenues | $ | 8,526,470 | $ | 8,448,201 | $ | 7,751,952 | $ | 7,639,129 | $ | 7,954,827 | |||||||||
| Net Income | $ | 916,572 | $ | 1,040,519 | $ | 995,515 | $ | 949,821 | $ | 886,004 | |||||||||
| Net Income Attributable to Noncontrolling Interests | 7,519 | 7,519 | 7,519 | 7,519 | 7,519 | ||||||||||||||
| Net Income Attributable to Common Shareholders | $ | 909,053 | $ | 1,033,000 | $ | 987,996 | $ | 942,302 | $ | 878,485 | |||||||||
| Common Share Data: | |||||||||||||||||||
| Net Income Attributable to Common Shareholders: | |||||||||||||||||||
| Basic Earnings Per Common Share | $ | 2.83 | $ | 3.25 | $ | 3.11 | $ | 2.97 | $ | 2.77 | |||||||||
| Diluted Earnings Per Common Share | $ | 2.81 | $ | 3.25 | $ | 3.11 | $ | 2.96 | $ | 2.76 | |||||||||
| Dividends Declared Per Common Share | $ | 2.14 | $ | 2.02 | $ | 1.90 | $ | 1.78 | $ | 1.67 | |||||||||
| Market Price - Closing (end of year) (b) | $ | 85.07 | $ | 65.04 | $ | 63.18 | $ | 55.23 | $ | 51.07 | |||||||||
| Book Value Per Common Share (end of year) | $ | 38.29 | $ | 36.25 | $ | 34.98 | $ | 33.80 | $ | 32.64 | |||||||||
| Tangible Book Value Per Common Share (end of year) (c) | $ | 24.86 | $ | 22.27 | $ | 21.00 | $ | 22.70 | $ | 21.54 | |||||||||
| Rate of Return Earned on Average Common Equity (%) (d) | 7.5 | 9.2 | 9.1 | 9.0 | 8.7 | ||||||||||||||
| Market-to-Book Ratio (end of year) (e) | 2.2 | 1.8 | 1.8 | 1.6 | 1.6 |
| CL&P Selected Financial Data (Unaudited) | |||||||||||||||||||
| (Thousands of Dollars) | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||
| Balance Sheet Data: | |||||||||||||||||||
| Property, Plant and Equipment, Net | $ | 9,625,765 | $ | 8,909,701 | $ | 8,271,030 | $ | 7,632,392 | $ | 7,156,809 | |||||||||
| Total Assets | 12,185,191 | 11,409,719 | 10,630,246 | 10,035,044 | 9,592,957 | ||||||||||||||
| Common Stockholder's Equity | 4,387,825 | 4,199,317 | 3,587,127 | 3,470,387 | 3,140,717 | ||||||||||||||
| Preferred Stock Not Subject to Mandatory Redemption | 116,200 | 116,200 | 116,200 | 116,200 | 116,200 | ||||||||||||||
| Long-Term Debt (a) | 3,518,136 | 3,254,016 | 3,059,135 | 2,766,010 | 2,763,682 | ||||||||||||||
| Obligations Under Finance Leases (a) | 3,049 | 4,465 | 5,711 | 6,767 | 7,624 | ||||||||||||||
| Obligations Under Operating Leases (a) | 745 | — | — | — | — | ||||||||||||||
| Income Statement Data: | |||||||||||||||||||
| Operating Revenues | 3,232,551 | 3,096,174 | 2,887,359 | 2,805,955 | 2,802,675 | ||||||||||||||
| Net Income | 410,852 | 377,717 | 376,726 | 334,254 | 299,360 | ||||||||||||||
| Common Stock Data: | |||||||||||||||||||
| Cash Dividends on Common Stock | 341,800 | 60,000 | 254,800 | 199,599 | 196,000 |
(a) Includes portions due within one year.
(b) Market price information reflects closing prices as reflected by the New York Stock Exchange.
(c) Common Shareholders' Equity adjusted for goodwill and intangibles divided by total common shares outstanding.
(d) Net Income Attributable to Common Shareholders divided by average Common Shareholders' Equity.
(e) The closing market price divided by the book value per share.
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of the sale of PSNH's thermal and hydroelectric generation assets in 2018 and the December 31, 2017 classification of these generation assets as held for sale, the acquisition of Aquarion on December 4, 2017, and any accounting changes materially affecting the comparability of the information reflected in the tables above. As a result of the adoption of new accounting guidance on January 1, 2019, we recognized lease assets and liabilities for operating leases on the balance sheet. Prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting policies.
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