other taxes decreased in 2001 because its utility operations in Virginia became subject to state income taxes in lieu of gross receipts taxes effective January 2001.
In addition, Dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized.
Dominion Energy
## Table 0 ##
Amounts presented are for electricity supplied by utility and merchant generation operations.
Operating Results — 2002 Dominion Energy contributed $2.72 per diluted share on net income of $770 million for 2002, a net income increase of $47 million and an earnings per share decrease of $0.14 over 2001.
Net income for 2002 reflected lower operating revenue ($204 million), operating expenses ($229 million) and other income ($27 million).
Interest expense and income taxes, which are discussed on a consolidated basis, decreased $50 million over 2001.
The earnings per share decrease reflected share dilution.
Regulated electric sales revenue increased $179 million.
Favorable weather conditions, reflecting increased cooling and heating degree-days, as well as customer growth, are estimated to have contributed $133 million and $41 million, respectively.
Fuel rate recoveries increased approximately $65 million for 2002.
These recoveries are generally offset by increases in electric fuel expense and do not materially affect income.
Partially offsetting these increases was a net decrease of $60 million due to other factors not separately measurable, such as the impact of economic conditions on customer usage, as well as variations in seasonal rate premiums and discounts.
Nonregulated electric sales revenue increased $9 million.
Sales revenue from Dominion’s merchant generation fleet decreased $21 million, reflecting a $201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of Millstone operations for all of 2002.
Revenue from the wholesale marketing of utility generation decreased $74 million.
Due to the higher demand of utility service territory customers during 2002, less production from utility plant generation was available for profitable sale in the wholesale market.
Revenue from retail energy sales increased $71 million, reflecting primarily customer growth over the prior year.
Net revenue from Dominion’s electric trading activities increased $33 million, reflecting the effect of favorable price changes on unsettled contracts and higher trading margins.
Nonregulated gas sales revenue decreased $351 million.
The decrease included a $239 million decrease in sales by Dominion’s field services and retail energy marketing operations, reflecting to a large extent declining prices.
Revenue associated with gas trading operations, net of related cost of sales, decreased $112 million.
The decrease included $70 million of realized and unrealized losses on the economic hedges of natural gas production by the Dominion Exploration & Production segment.
As described below under Selected Information —Energy Trading Activities, sales of natural gas by the Dominion Exploration & Production segment at market prices offset these financial losses, resulting in a range of prices contemplated by Dominion’s overall risk management strategy.
The remaining $42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins.
Those losses were partially offset by contributions from higher trading volumes in gas and oil markets.
Gas transportation and storage revenue decreased $44 million, primarily reflecting lower rates.
Electric fuel and energy purchases expense increased $94 million which included an increase of $66 million associated with Dominion’s energy marketing operations that are not subject to cost-based rate regulation and an increase of $28 million associated with utility operations.
Substantially all of the increase associated with non-regulated energy marketing operations related to higher volumes purchased during the year.
For utility operations, energy costs increased $66 million for purchases subject to rate recovery, partially offset by a $38 million decrease in fuel expenses associated with lower wholesale marketing of utility plant generation.
Purchased gas expense decreased $245 million associated with Dominion’s field services and retail energy marketing operations.
This decrease reflected approximately $162 million associated with declining prices and $83 million associated with lower purchased volumes.
Liquids, pipeline capacity and other purchases decreased $64 million, primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the current year period.
The difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments.
Other operations and maintenance expense decreased $14 million, primarily reflecting an $18 million decrease in outage costs due to fewer generation unit outages in the current year.
Depreciation expense decreased $11 million, reflecting decreases in depreciation associated with changes in the estimated useful lives of certain electric generation property, partially offset by increased depreciation associated with State Line and Millstone operations.
Other income decreased $27 million, including a $14 million decrease in net realized investment gains in the Millstone
ITEM 6 SELECTED FINANCIAL DATA The following tables show Intuit’s selected financial information for the past five fiscal years.
The comparability of the information is affected by a variety of factors, including acquisitions and divestitures of businesses, issuance and repayment of long-term debt, share-based compensation expense, amortization of acquired technology and other acquired intangible assets, repurchases of common stock under our stock repurchase programs, and the payment of cash dividends.
In fiscal 2007 we issued $1 billion in senior notes and in fiscal 2012 we repaid $500 million of those notes when they became due using cash from operations.
In fiscal 2010 through fiscal 2014 we acquired several companies, including PayCycle, Inc. , Mint Software Inc. , Demandforce, Inc. , and Check Inc.  We have included the results of operations for each of them in our consolidated results of operations from their respective dates of acquisition.
We sold our Intuit Real Estate Solutions business in fiscal 2010.
In fiscal 2013 we completed the sale of our Intuit Websites business and in fiscal 2014 we completed the sales of our Intuit Financial Services and Intuit Health businesses.
We accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented below to reflect them as such.
We have also reclassified our balance sheets for all periods presented below to reflect Intuit Financial Services as discontinued operations.
The net assets of Intuit Real Estate Solutions, Intuit Websites, and Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented below to reflect them as discontinued operations.
To better understand the information in these tables, investors should read “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 of this Annual Report, and the financial statements and related notes in Item 8 of this Annual Report, especially Note 7, “Discontinued Operations.
”
## Table 1 ##
Net Deferred Tax Assets At July 31, 2014, we had net deferred tax assets of $72 million which included a valuation allowance of $24 million for loss and tax credit carryforwards related state tax credits, state capital and operating losses, and foreign losses.
We recorded the valuation allowance to reflect uncertainties about whether we will be able to utilize some of our deferred tax assets before they expire.
While we believe our current valuation allowance is sufficient, we could in the future be required to increase the valuation allowance to take into account additional deferred tax assets that we may be unable to realize.
We assess the need for an adjustment to the valuation allowance on a quarterly basis.
The assessment is based on our estimates of future sources of taxable income for the jurisdictions in which we operate and the periods over which our deferred tax assets will be realizable.
See Note 10 to the financial statements in Item 8 of this Annual Report for more information.
We provide U. S.  federal income taxes on the earnings of foreign subsidiaries unless the subsidiaries' earnings are intended to be indefinitely reinvested in our international operations.
To the extent that foreign earnings previously treated as indefinitely reinvested are repatriated, the related U. S.  tax liability may, subject to certain limitations, be reduced by any foreign income taxes paid on these earnings.
At July 31, 2014, the cumulative amount of earnings upon which U. S.  income taxes had not been provided was approximately $48 million.
The unrecognized deferred tax liability for these earnings was approximately $7 million.
Discontinued Operations In the first quarter of fiscal 2013 we completed the sale of our Intuit Websites business for approximately $60 million in cash and recorded a gain on disposal of approximately $32 million, net of income taxes.
We completed the sale of our Intuit Financial Services business in the first quarter of fiscal 2014 for approximately $1.025 billion in cash and recorded a gain on disposal of approximately $36 million, net of income taxes.
In the first quarter of fiscal 2014 we also completed the sale of our Intuit Health business for cash consideration that was not significant and recorded a $4 million pre-tax loss on disposal that was more than offset by a related income tax benefit of approximately $14 million, resulting in a net gain on disposal of approximately $10 million.
We have reclassified our statements of operations for all periods presented to reflect these three businesses as discontinued operations.
See Note 7 to the financial statements in Item 8 of this Annual Report for a more complete description of these discontinued operations and the impact that they have had on our statements of operations for the fiscal periods presented.
Liquidity and Capital Resources Overview At July 31, 2014, our cash, cash equivalents and investments totaled $1.9 billion, an increase of $253 million from July 31, 2013 due to the factors described in “Statements of Cash Flows” below.
Our primary source of liquidity has been cash from operations, which entails the collection of accounts receivable for products and services.
Our primary uses of cash have been for research and development programs, selling and marketing activities, capital projects, acquisitions of businesses, debt service costs, repurchases of our common stock under our stock repurchase programs, and the payment of cash dividends.
As discussed in “Executive Overview – Industry Trends and Seasonality” earlier in this Item 7, our business is subject to significant seasonality.
The balance of our cash, cash equivalents and investments generally fluctuates with that seasonal pattern.
We believe the seasonality of our business is likely to continue in the future.
The following table summarizes selected measures of our liquidity and capital resources at the dates indicated:
## Table 2 ##
We have historically generated significant cash from operations and we expect to continue to do so during fiscal 2015.
Since our operations are primarily domestic, approximately 90% of our cash, cash equivalents and investments at July 31, 2014 were located in the U. S.  and none of those funds were restricted.
Our only significant debt consists of $500 million in senior unsecured notes due in March 2017.
We also have an unused $500 million unsecured revolving line of credit facility available to us for general corporate purposes, including future acquisitions.
We evaluate, on an ongoing basis, the merits of acquiring technology or businesses, or establishing strategic relationships with and investing in other companies.
Our strong liquidity profile enables us to respond nimbly to these kinds of opportunities.
Based on past performance and current expectations, we believe that our cash and cash equivalents, investments, and cash generated from operations will be sufficient to meet anticipated seasonal working capital needs, capital expenditure requirements, contractual obligations, commitments, debt service requirements, and other liquidity requirements associated with our operations for at least the next 12 months.
We expect to return excess cash generated by operations to our stockholders through repurchases of our common stock and payment of cash dividends, after taking into account our operating and strategic cash needs.
Statements of Cash Flows The following table summarizes selected items from our statements of cash flows for fiscal 2014, fiscal 2013, and fiscal 2012.
See the financial statements in Item 8 of this Annual Report for complete statements of cash flows for those periods.
## Table 3 ##
During fiscal 2014 we generated $1.4 billion in cash from operations and $1.0 billion from the sale of our Intuit Financial Services business.
We also received $165 million in cash from the issuance of common stock under employee stock plans.
During the same period we used $1.6 billion in cash for the repurchase of shares of our common stock under our stock repurchase programs, $471 million for the acquisition of businesses (primarily Check), $421 million for net purchases of investments, $220 million for the payment of cash dividends, and $186 million for capital expenditures.
Over the next five fiscal years, we expect to invest a total of over $250 million in capital improvements to expand our headquarters campus in Mountain View, California.
During fiscal 2013 we generated $1.4 billion in cash from operations.
We also received $165 million in cash from the issuance of common stock under employee stock plans.
During the same period we used $308 million in cash for net purchases of investments, $292 million for the repurchase of shares of our common stock under our stock repurchase programs, $203 million for the payment of cash dividends, and $195 million for capital expenditures.
During fiscal 2012 we generated $1.2 billion in cash from operations.
We also received $349 million in cash from net sales of investments and $164 million from the issuance of common stock under employee stock plans.
During the same period we used $900 million in cash for the repurchase of shares of our common stock under our stock repurchase programs, $500 million to repay senior notes that became due in March 2012, $392 million for the acquisition of businesses (primarily Demandforce), $178 million for the payment of cash dividends, and $186 million for capital expenditures.
Stock Repurchase Programs and Dividends on Common Stock As described in Note 11 to the financial statements in Item 8 of this Annual Report, during fiscal 2014, fiscal 2013, and fiscal 2012 we continued to repurchase shares of our common stock under a series of repurchase programs that our Board of Directors has authorized.
At July 31, 2014, we had authorization from our Board of Directors to expend up to an additional $1.9 billion for stock repurchases through August 19, 2017.
During fiscal 2014 and 2013 we also continued to pay quarterly cash dividends on shares of our outstanding common stock.
In August 2014 our Board of Directors declared a quarterly cash dividend of $0.25 per share of outstanding common stock

<table><tr><td>(millions, except pershare amounts)</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>Operating revenue</td><td>$5,940</td><td>$6,144</td><td>$4,894</td></tr><tr><td>Operating expenses</td><td>4,520</td><td>4,749</td><td>3,939</td></tr><tr><td>Net income contribution</td><td>770</td><td>723</td><td>489</td></tr><tr><td>Earnings per share contribution</td><td>$2.72</td><td>$2.86</td><td>$2.07</td></tr><tr><td>Electricity supplied* (million mwhrs)</td><td>101</td><td>95</td><td>83</td></tr><tr><td>Gas transmission throughput (bcf)</td><td>597</td><td>553</td><td>567</td></tr></table>
<table><tr><td>Consolidated Statement of Operations Data</td><td colspan="5">Fiscal</td></tr><tr><td>(In millions, except per share amounts)</td><td>2014</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Total net revenue</td><td>$4,506</td><td>$4,171</td><td>$3,808</td><td>$3,449</td><td>$3,091</td></tr><tr><td>Total costs and expenses</td><td>3,192</td><td>2,938</td><td>2,640</td><td>2,367</td><td>2,161</td></tr><tr><td>Operating income from continuing operations</td><td>1,314</td><td>1,233</td><td>1,168</td><td>1,082</td><td>930</td></tr><tr><td>Total share-based compensation expense included in total costs and expenses</td><td>204</td><td>184</td><td>159</td><td>144</td><td>126</td></tr><tr><td>Net income from continuing operations</td><td>861</td><td>823</td><td>764</td><td>688</td><td>579</td></tr><tr><td>Net income (loss) from discontinued operations</td><td>46</td><td>35</td><td>28</td><td>-54</td><td>-5</td></tr><tr><td>Net income</td><td>907</td><td>858</td><td>792</td><td>634</td><td>574</td></tr><tr><td>Net income per common share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic net income per share from continuing operations</td><td>$3.02</td><td>$2.78</td><td>$2.58</td><td>$2.24</td><td>$1.83</td></tr><tr><td>Basic net income (loss) per share from discontinued operations</td><td>0.16</td><td>0.11</td><td>0.09</td><td>-0.18</td><td>-0.01</td></tr><tr><td>Basic net income per share</td><td>$3.18</td><td>$2.89</td><td>$2.67</td><td>$2.06</td><td>$1.82</td></tr><tr><td>Diluted net income per share from continuing operations</td><td>$2.96</td><td>$2.72</td><td>$2.51</td><td>$2.17</td><td>$1.78</td></tr><tr><td>Diluted net income(loss) per share from discontinued operations</td><td>0.16</td><td>0.11</td><td>0.09</td><td>-0.17</td><td>-0.01</td></tr><tr><td>Diluted net income per share</td><td>$3.12</td><td>$2.83</td><td>$2.60</td><td>$2.00</td><td>$1.77</td></tr><tr><td>Dividends declared per common share</td><td>$0.76</td><td>$0.68</td><td>$0.60</td><td>$—</td><td>$—</td></tr></table>
<table><tr><td>(Dollars in millions)</td><td>July 31,2014</td><td>July 31,2013</td><td>$Change</td><td>%Change</td></tr><tr><td>Cash, cash equivalents and investments</td><td>$1,914</td><td>$1,661</td><td>$253</td><td>15%</td></tr><tr><td>Long-term investments</td><td>31</td><td>83</td><td>-52</td><td>-63%</td></tr><tr><td>Long-term debt</td><td>499</td><td>499</td><td>—</td><td>—%</td></tr><tr><td>Working capital</td><td>1,200</td><td>1,116</td><td>84</td><td>8%</td></tr><tr><td>Ratio of current assets to current liabilities</td><td>1.8 : 1</td><td>1.9 : 1</td><td></td><td></td></tr></table>
<table><tr><td>(Dollars in millions)</td><td>Fiscal 2014</td><td>Fiscal 2013</td><td>Fiscal 2012</td></tr><tr><td>Net cash provided by (used in):</td><td></td><td></td><td></td></tr><tr><td>Operating activities</td><td>$1,446</td><td>$1,366</td><td>$1,246</td></tr><tr><td>Investing activities</td><td>-49</td><td>-485</td><td>-225</td></tr><tr><td>Financing activities</td><td>-1,551</td><td>-262</td><td>-1,344</td></tr><tr><td>Effect of exchange rate changes on cash</td><td>-6</td><td>-3</td><td>-6</td></tr><tr><td>Increase (decrease) in cash and cash equivalents</td><td>$-160</td><td>$616</td><td>$-329</td></tr></table>

Question: The Net income of which year ranks first for Fiscal?
Answer: 2014