01—Abstract
Summary
Summary of the 10-K/A filed March 30, 2011. Cited figures are marked; the original filing is the authoritative source.
This is Amendment No. 1 (Form 10-K/A) to CenterPoint Energy's annual report for fiscal year 2010.
The original 10-K was filed March 1, 2011, and this amendment was signed March 30, 2011. It was filed solely to furnish XBRL interactive data files (Exhibit 101) as required by Rule 405 of Regulation S-T. No other part of the original filing is amended, and the document contains no income statement, balance sheet, cash flow, segment, or management discussion content.
Investors seeking CenterPoint's 2010 financial results, operating performance, or risk factors should refer to the original Form 10-K filed March 1, 2011. The filing does provide limited company-level information. CenterPoint is a Texas corporation headquartered in Houston, listed on the NYSE and Chicago Stock Exchange, and classified as a large accelerated filer and well-known seasoned issuer.
The aggregate market value of common stock held by non-affiliates was approximately $5.51 billiona as of June 30, 2010. As of February 15, 2011, 424,849,673 common shares were outstanding. The exhibit index references several financing and governance items.
These include supplemental indentures for CenterPoint Energy Resources Corp. (CERC) senior notes issued in January 2011 (4.50%b Senior Notes due 2021 and 5.85% Senior Notes due 2041), a 2008 ordinance-related credit agreement, and executive compensation and benefit plan documents. The exhibit index does not include the financial data itself, so it cannot be used to assess profitability or valuation.
02—Key points
Key Highlights
- Filing type: 10-K/A (Amendment No. 1) for fiscal year ended December 31, 2010, filed solely to add XBRL interactive data (Exhibit 101); no other sections amended
- Original Form 10-K was filed March 1, 2011; this amendment was signed March 30, 2011
- Non-affiliate market value of common stock was $5,507,110,378 as of June 30, 2010
- Shares outstanding: 424,849,673 as of February 15, 2011 (166 treasury shares excluded)
- Company status: large accelerated filer and well-known seasoned issuer; listed on NYSE and Chicago Stock Exchange
- Financing activity referenced in exhibits: CERC Corp. issued 4.50% Senior Notes due 2021 and 5.85% Senior Notes due 2041 under a supplemental indenture dated January 11, 2011, plus an additional 4.50% Senior Notes due 2021 dated January 20, 2011
- No financial statements, MD&A, or risk factors are contained in this amendment; financial results must be taken from the original 10-K
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed March 30, 2011Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $8.79B$8.28B | +6.1% |
| Operating Expenses | $7.54B$7.16B | +5.3% |
| Operating Income | $1.25B$1.12B | +11.1% |
| Net Income | $442.00M$372.00M | +18.8% |
| EPS (Basic) | $1.08$1.02 | +5.9% |
| EPS (Diluted) | $1.07$1.01 | +5.9% |
| Shares Outstanding (Basic) | 409.72M365.23M | +12.2% |
| Shares Outstanding (Diluted) | 412.78M367.68M | +12.3% |
05—Questions
Frequently Asked Questions
Does this 10-K/A contain CenterPoint Energy's 2010 financial results?
No. The amendment states that it is filed solely to furnish XBRL interactive data files and that no other part of the original filing is amended. The financial statements and MD&A are in the original Form 10-K filed March 1, 2011.
Why was this amendment filed?
Rule 405 of Regulation S-T requires companies to submit XBRL interactive data files. This amendment furnishes those files as Exhibit 101 (XBRL instance, schema, calculation, definition, label, and presentation documents), which are furnished rather than filed and are not subject to Sections 11, 12, or 18 liability.
How large is CenterPoint's public equity float and share count?
The aggregate market value of common stock held by non-affiliates was about $5.51 billion as of June 30, 2010, excluding shares held by directors and executive officers. As of February 15, 2011, there were 424,849,673 shares outstanding.
What debt financing does the exhibit list reveal?
The exhibit index shows CERC Corp. issued 4.50% Senior Notes due 2021 and 5.85% Senior Notes due 2041 under a supplemental indenture dated January 11, 2011, and additional 4.50% Senior Notes due 2021 under a supplemental indenture dated January 20, 2011. The exhibit index does not disclose principal amounts, pricing details, or use of proceeds.
Where should investors look for the substantive 2010 annual disclosures?
In the original Form 10-K filed March 1, 2011, which contains the audited financial statements, management's discussion and analysis, risk factors, and business description. Part III information (executive compensation, governance, and ownership) is incorporated by reference from the 2011 proxy statement.
06—Continue