Answer Happy

and with these results should you invest in the company?
Rate of Return on Net Sales: Rate of Return on Assets: Any other ratios vou think are relevant to
1999 Year ended December 11 1998 1997 In million, except per share amounts Revenues Natural gas and other products Electricity Transportation Other Total revenues $19,536 15.238 50 4,750 40.112 $13.276 13.939 627 3.418 31.260 $13,211 5,101 652 1.300 20.272 4.70 Costs and Expenses Cost of gas, electricity and other products Operating expemes Oil and gas exploration expenses Depreciation, depletion and amortization Taxes, other than income taxes Impairment of long-lived asets Contract restructuring charge Total costs and expenses 2.996 49 870 193 441 26.381 2,352 121 827 201 17.311 1406 102 600 164 675 2020 39,310 29,882 Operating Income 802 1,378 15 309 541 162 181 1.995 97 56 88 216 186 70 78 565 1.582 Other Income and Deductions Equity in earnings of unconsolidated equity affiliates Gains on sales of sets and investments Interest income Other income.net Income before Interest, Minority Interests and Income Taxes Interest and related charges, net Dividench on company obligated preferred securities of subsidiaries Minority interests Income tax expense (benant) Net income before cumulative effect of accounting changes Cumulative effect of accounting changes, net of tax Net Income 656 76 135 104 1,024 (131) 893 550 77 77 175 101 69 80 1901 105 703 703 105
December 1999 1901 288 111 (un milion except shared ASSETS Current Assets Cash and cash equivalents Trade receivables et of allowance for doutro accounts of 540 and 514, respectively Other receivable Assets from price risk management activities Inventories Other Total currents 1,030 518 2,305 2.000 838 1,004 514 9 14 511 7,255 5,933 503 443 2.920 1941 Investments and Other Assets Investments in and advance to unconsolidated equity afiliates Assets from priorisk management activities Goodwill Other Total investments and other nets, 279 1.440 03% A81 15.45 12.760 694 6936 3552 Property, Plant and Equipment, at cost Natural gas transmission Electric generation and distribution Construction in progress Oil and gas, successful efforts method Other 2,061 989 1.491 69 1231 13,912 3.231 10,681 4.314 992 15.792 5.135 10,657 Less accumulated depreciation, depletion and mortization Property, plant and equipment net Total Assets $33, 129050
December 31 W 1999 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable Liabilities from price risk management activities Short-term debt Other Total current liabilities $ 2.300 2511 $ 2,154 1,036 1.001 1248 10 1216 6,107 Long-Term Debt 2151 7157 2.90 1. 20 2.357 1421 1916 5694 2.630 2,143 1.000 1001 Deferred Credits and Other Liabilities Deferred income taxes Liabilities from price risk management activities Other Total deferred credits and other abilities Commitments and Contingencies (Notes 2, 13, 14 and 15) Minority Interests Company Obligated Preferred Securities of Subsidiaries Shareholders' Equity Second preferred stock, cumulative, no par value, 1,370,000 shares authorized, 1.296,184 shares and 1,319,848 shares of Cumulative Second Preferred Conwertible Stock issued, respectively Mandatory Convertible Junior Preferred Stock. Series B, no par value, 250.000 shares issued Common stock, no par value, 1.200,000,000 shares authorized. 716,865,081 shares and 671,094,552 shares issued, respectively Retained earnings Acumulated other comprehensive Income Common stock hold in treasury, 1.337.714 shares and 9,333,322 shares, respectively Restricted stock and other Total shareholders' equity 130 12 1.000 5,117 66 2698 (441) 2.226 (162) (49 (105) 9.570 (195) 00 7048 129 350 Total Liabilities and Shareholders' Equity