EXHIBIT 99.1
Selected Financial Data
The following table sets forth our summary condensed consolidated financial data for the periods presented below and our earnings per share as adjusted for the stock dividends described below. The summary condensed consolidated financial data as of September 30, 2011 have been derived from our unaudited condensed consolidated financial statements. Our unaudited condensed consolidated financial statements include only normal and recurring adjustments, necessary to state fairly the data included therein.
The per share amounts shown below have been retroactively adjusted to reflect the 5% stock dividend which was paid on September 29, 2011 to stockholders of record on September 20, 2011 (see note (3) below).
Our historical results are not necessarily indicative of the results of operations for future periods, and our results of operations for the nine-month period ended September 30, 2011 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2011. You should read the following summary condensed consolidated financial data in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our condensed consolidated financial statements and related notes included in our Current Report on Form 8-K filed on November 3, 2011 and in our Quarterly Report on Form 10-Q for the period ended September 30, 2011.
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| | | | | | | | | | | | | | | | | | | |
| | Year Ended December 31, |
| | 2010 | | 2009 | | 2008 | | 2007 | | 2006 |
| Statement of Operations Data: | | | | | | | | | |
| Revenue (1) | $ | 1,063,289 |
| | $ | 801,494 |
| | $ | 565,186 |
| | $ | 555,430 |
| | $ | 506,252 |
|
| Income from continuing operations | 85,570 |
| | 28,537 |
| | 94,572 |
| | 126,603 |
| | 68,480 |
|
| Net income | 54,084 |
| | 24,806 |
| | 60,504 |
| | 73,803 |
| | 42,712 |
|
| Per basic common share (3) | | | | | | | | | |
| Net income applicable to common shares | $ | 0.68 |
| | $ | 0.31 |
| | $ | 0.77 |
| | $ | 0.95 |
| | $ | 0.57 |
|
| Per diluted common share (3) | | | | | | | | | |
| Net income applicable to common shares | $ | 0.67 |
| | $ | 0.31 |
| | $ | 0.69 |
| | $ | 0.93 |
| | $ | 0.56 |
|
| | | | | | | | | | |
| Cash distributions declared per common share (3) | $ | 1.47 |
| | $ | 1.40 |
| | $ | 1.33 |
| | $ | 1.27 |
| | $ | 1.21 |
|
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| | | | | | | | | | | | | | | | | | | | | | | |
| | September 30, | | December 31, | | December 31, | | December 31, | | December 31, | | December 31, |
| | 2011 | | 2010 | | 2009 | | 2008 | | 2007 | | 2006 |
| Balance Sheet Data: | | | | | | | | | | | |
| Current assets | $ | 559,399 |
| | $ | 526,763 |
| | $ | 389,208 |
| | $ | 355,283 |
| | $ | 395,626 |
| | $ | 303,156 |
|
| Total assets | 930,952 |
| | 949,595 |
| | 735,542 |
| | 717,712 |
| | 785,289 |
| | 637,462 |
|
| Current liabilities | 306,816 |
| | 226,872 |
| | 149,008 |
| | 296,159 |
| | 109,337 |
| | 168,786 |
|
| Notes payable, embedded derivatives, long-term debt and other obligations, less current portion | 541,789 |
| | 647,064 |
| | 487,936 |
| | 287,546 |
| | 378,760 |
| | 198,777 |
|
| Noncurrent employee benefits, deferred income taxes and other long-term liabilities | 149,017 |
| | 121,893 |
| | 103,280 |
| | 100,402 |
| | 196,340 |
| | 174,922 |
|
| Stockholders' (deficiency) equity | (66,670 | ) | | (46,234 | ) | | (4,682 | ) | | 33,605 |
| | 100,852 |
| | 94,977 |
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| | | | | | | | | | | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | For the Three Months Ended | | For the Nine Months Ended |
| | September 30,
2011 | | September 30,
2010 | | June 30,
2011 | | June 30,
2010 | | March 30,
2011 | | March 30,
2010 | | September 30,
2011 | | September 30,
2010 |
| Statement of Operations Data: | | | | | | | | | | | | | | | |
| Revenue (2) | $ | 288,995 |
| | $ | 295,124 |
| | $ | 291,180 |
| | $ | 268,460 |
| | $ | 260,378 |
| | $ | 222,087 |
| | $ | 840,553 |
| | $ | 785,671 |
|
| Income (loss) from continuing operations | 30,000 |
| | 17,536 |
| | 48,846 |
| | 30,602 |
| | 32,022 |
| | 18,860 |
| | 110,868 |
| | 66,998 |
|
| Net income | 17,549 |
| | 10,907 |
| | 30,301 |
| | 19,223 |
| | 19,373 |
| | 11,938 |
| | 67,223 |
| | 42,068 |
|
| Per basic common share (3) | | | | | | | | | | | | | | | |
| Net income applicable to common shares | $ | 0.22 |
| | $ | 0.14 |
| | $ | 0.38 |
| | $ | 0.24 |
| | $ | 0.24 |
| | $ | 0.15 |
| | $ | 0.84 |
| | $ | 0.53 |
|
| Per diluted common share (3) | | | | | | | | | | | | | | | |
| Net income applicable to common shares | $ | 0.21 |
| | $ | 0.14 |
| | $ | 0.34 |
| | $ | 0.18 |
| | $ | 0.24 |
| | $ | 0.13 |
| | $ | 0.82 |
| | $ | 0.52 |
|
| | | | | | | | | | | | | | | | |
| Cash distributions declared per common share (3) | $ | 0.38 |
| | $ | 0.36 |
| | $ | 0.38 |
| | $ | 0.36 |
| | $ | 0.38 |
| | $ | 0.36 |
| | $ | 1.14 |
| | $ | 1.09 |
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______________________________
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| (1) | Revenues include excise taxes of $538,328, $377,771, $168,170, $176,269 and $174,339, respectively. |
| |
| (2) | Revenues include excise taxes of $141,473, $150,413, $142,934, $135,217, $127,634, $111,193, $412,041 and $396,823, respectively. |
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| (3) | Per share computations include the impact of 5% stock dividends on September 29, 2011, September 29, 2010, September 2009, September 29, 2008, September 28, 2007 and September 29, 2006. |
