EX-99.2 4 exhibit99-2.htm PORTION OF 2005 FORM 10-K'S ITEM 6 SELECTED FINANCIAL DATA Portion of 2005 Form 10-K's Item 6 Selected Financial Data
                   
Exhibit 99.2
  
                       
See Item 8.01 of the accompanying Current Report on Form 8-K for a detailed discussion of the facts surrounding, rationale for and other matters involving the following disclosure.
      
                       
The following information replaces portions of Item 6 (Selected Financial Data) previously filed in the Annual Report on Form 10-K for the year ended December 31, 2005 of WPS Resources. All other portions of Item 6 are unchanged.
      
                       
FINANCIAL STATISTICS (2001 TO 2005)
  
                       
                       
As of or for Year Ended December 31
                     
(Millions, except per share amounts, stock price, return on average equity
                    
and number of shareholders and employees)
  
2005
  
2004
  
2003
  
2002
  
2001
  
                       
Total revenues *
  
$
6,847.3
  
$
4,890.6
  
$
4,321.3
  
$
1,461.1
  
$
1,345.4
  
                                 
Income from continuing operations
  
$
153.0
  
$
156.2
  
$
110.6
  
$
118.5
  
$
87.6
  
                                 
Income available for common shareholders
    
157.4
   
139.7
   
94.7
   
109.4
   
77.6
 
                                 
Total assets
    
5,462.5
   
4,376.8
   
4,292.3
   
3,671.2
   
3,346.5
 
                                 
Preferred stock of subsidiaries
    
51.1
   
51.1
   
51.1
   
51.1
   
51.1
 
                                 
Long-term debt and capital lease obligation (excluding current portion)
    
867.1
   
865.7
   
871.9
   
824.4
   
727.8
 
                                 
Shares of common stock (less treasury stock
                                
  and shares in deferred compensation trust)
                                
    Outstanding
    
39.8
   
37.3
   
36.6
   
31.8
   
31.1
 
    Average
   
38.3
   
37.4
   
33.0
   
31.7
   
28.2
 
                                 
Earnings per common share (basic)
                                
  Income from continuing operations
  
$
3.91
  
$
4.09
  
$
3.26
  
$
3.64
  
$
3.00
  
  Earnings per common share
    
4.11
   
3.74
   
2.87
   
3.45
   
2.75
 
Earnings per common share (diluted)
                                
  Income from continuing operations
    
3.87
   
4.07
   
3.24
   
3.61
   
2.99
 
  Earnings per common share
    
4.07
   
3.72
   
2.85
   
3.42
   
2.74
 
Dividend per share of common stock
    
2.24
   
2.20
   
2.16
   
2.12
   
2.08
 
                                 
Stock price at year-end
  
$
55.31
  
$
49.96
  
$
46.23
  
$
38.82
  
$
36.55
  
Book value per share
  
$
32.76
  
$
29.30
  
$
27.40
  
$
24.62
  
$
23.02
  
Return on average equity
    
13.6
%
  
13.5
%
  
11.5
%
  
14.6
%
  
12.8
%
Number of common stock shareholders
    
20,701
    
21,358
    
22,172
    
22,768
    
23,478
  
Number of employees
    
2,945
    
3,048
    
3,080
    
2,963
    
2,856
  
                                 
                                 
* Approximately $1,127 million of the increase in revenue in 2003 compared to 2002 relates to ESI's required adoption of Issue No. 02-03, "Issues
 
Involved in Accounting for Derivative Contracts Held for Trading Purposes and Contracts Involved in Energy Trading and Risk Management Activities,"
  
effective January 1, 2003.
                               
                                 
 
 
 
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