2012 Sustainability Report

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Our Shareholders

Financial Highlights

Con Edison is one of the largest companies in New York State, and plays a major role in the economic development of the New York metropolitan area. We employ more than 14,500 people, purchase goods and services from community-based organizations, and are one of the largest taxpayers in both the city and the state. Our managers identify significant business and operational risks and liabilities to the company, ensuring that they are prudently addressed to minimize their impacts on our performance.

  2011 2012
Operating revenues $12,886 $12,188
Reported net income (GAAP) $1,051 $1,138
Income from ongoing operations $1,064 $1,098
Reported earnings per share (GAAP) $3.59 $3.88
Earnings per share from ongoing operations $3.64 $3.75
Dividends per share $2.40 $2.42
Dividend payout ratio 66% 65%
Average common shares outstanding 292.6 292.9
Total assets $39,214 $41,209
Capital expenditures $2,003 $2,541
Common equity ratio 52.5% 54.1%
Market capitalization $18,200 $16,300
Stock price per share at year-end $62.03 $55.54
Return on equity 9.5% 9.5%
Total shareholder return 30.8% (6.7%)
Dividend yield at year-end 3.9% 4.4%