EXHIBIT 13.1
SUMMARY OF SELECTED FINANCIAL DATA
Year Ended December 31
------------------------------------------------
2000 1999
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(Dollars in thousands, except per share amounts)
SUMMARY OF OPERATIONS
Operating revenue $ 1,965,881 $ 1,772,694
Operating costs and expenses before unusual items 1,510,466 1,358,155
------------ ------------
Unusual items - -
Operating income 455,415 414,539
Other income, net 5,905 12,356
Interest expense (75,951) (60,971)
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Income from continuing operations before income
taxes and cumulative effect of accounting change 385,369 365,924
Provision for income taxes 157,347 150,047
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Income from continuing operations before
cumulative effect of accounting change 228,022 215,877
Discontinued operations, net of income taxes - -
Cumulative effect of accounting change,
net of income taxes* - -
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Net income $ 228,022 $ 215,877
============ ============
Dividends paid $ 52,374 $ 51,961
PER COMMON SHARE (diluted)
Income from continuing operations before
cumulative effect of accounting change $ 1.68 $ 1.55
Discontinued operations - -
Cumulative effect of accounting change - -
------------ ------------
Net income $ 1.68 $ 1.55
============ ============
Dividends $ 0.370 $ 0.363
Weighted average common shares outstanding (diluted) 136,016,000 139,603,000
BALANCE SHEET DATA (at December 31)
Total assets - continuing operations $ 2,069,637 $ 1,839,781
Total assets $ 2,069,637 $ 1,839,781
Long-term debt $ 993,569 $ 933,708
Shareholders' equity $ 383,578 $ 215,625
Common shares outstanding 135,835,000 134,001,000
OTHER INFORMATION (at December 31)
Stock price per share** $ 28.69 $ 23.56
Book value per share $ 2.82 $ 1.61
Market capitalization** $ 3,896,757 $ 3,157,388
Employees - continuing operations 12,200 12,700
* The 1997 accounting change relates to EITF No. 97-13 regarding accounting
for business process reengineering costs.
** Stock prices and market capitalization prior to 1997 have been adjusted to
reflect the spin-off of ChoicePoint.
SUMMARY OF SELECTED FINANCIAL DATA
SUMMARY OF OPERATIONS
Continued
1998 1997 1996 1995 1994 1993 1992
------------ ------------ ------------ ------------ ------------ ------------ ------------
$ 1,620,978 $ 1,366,087 $ 1,222,798 $ 1,105,309 $ 968,660 $ 813,235 $ 724,030
1,255,326 1,042,179 955,897 883,405 770,779 649,135 584,204
------------ ------------ ------------ ------------ ------------ ------------ ------------
- (25,000) (10,313) 9,243 - (48,438) -
365,652 298,908 256,588 231,147 197,881 115,662 139,826
4,294 45,027 22,400 7,335 8,643 3,881 7,474
(42,701) (20,797) (16,439) (15,342) (12,986) (8,742) (3,031)
------------ ------------ ------------ ------------ ------------ ------------ ------------
327,245 323,138 262,549 223,140 193,538 110,801 144,269
133,812 137,613 109,452 90,355 79,804 48,525 59,056
------------ ------------ ------------ ------------ ------------ ------------ ------------
193,433 185,525 153,097 132,785 113,734 62,276 85,213
- 1,449 24,520 14,865 6,612 1,239 133
- (3,237) - - - - -
------------ ------------ ------------ ------------ ------------ ------------ ------------
$ 193,433 $ 183,737 $ 177,617 $ 147,650 $ 120,346 $ 63,515 $ 85,346
============ ============ ============ ============ ============ ============ ============
$ 52,063 $ 52,030 $ 49,704 $ 50,223 $ 47,161 $ 42,041 $ 42,770
$ 1.34 $ 1.26 $ 1.03 $ 0.86 $ 0.75 $ 0.41 $ 0.52
- 0.01 0.16 0.10 0.04 0.01 -
- (0.02) - - - - -
------------ ------------ ------------ ------------ ------------ ------------ ------------
$ 1.34 $ 1.24 $ 1.19 $ 0.96 $ 0.79 $ 0.42 $ 0.52
============ ============ ============ ============ ============ ============ ============
$ 0.353 $ 0.345 $ 0.330 $ 0.315 $ 0.303 $ 0.280 $ 0.260
144,403,000 147,818,000 149,207,000 154,375,000 150,691,000 151,631,000 164,746,000
$ 1,828,795 $ 1,177,104 $ 1,011,104 $ 871,489 $ 836,728 $ 629,318 $ 621,322
$ 1,828,795 $ 1,177,104 $ 1,207,518 $ 976,173 $ 934,832 $ 643,279 $ 638,375
$ 869,486 $ 339,301 $ 304,942 $ 302,665 $ 211,962 $ 200,070 $ 191,749
$ 366,466 $ 349,397 $ 424,950 $ 353,465 $ 361,935 $ 254,031 $ 257,990
140,042,000 142,609,000 144,876,000 147,245,000 151,790,000 149,618,000 151,550,000
$ 34.19 $ 35.44 $ 27.41 $ 19.13 $ 11.80 $ 12.25 $ 9.23
$ 2.62 $ 2.45 $ 2.93 $ 2.40 $ 2.38 $ 1.70 $ 1.70
$ 4,787,686 $ 5,053,706 $ 3,970,444 $ 2,816,061 $ 1,790,667 $ 1,832,821 $ 1,399,413
14,000 10,000 9,500 9,800 9,600 8,000 7,500