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Condensed Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:        
Electric utility revenues $ 315,774 $ 338,699 $ 665,546 $ 648,160
Other operating revenues 1,121 1,253 1,668 1,898
Total operating revenues 316,895 339,952 667,214 650,058
Operating Expenses:        
Purchased power 58,063 62,980 120,894 124,908
Fuel expense 20,826 21,515 72,696 49,250
Power cost adjustment 16,122 19,963 42,347 45,501
Other operations and maintenance 87,007 92,314 175,913 178,512
Energy efficiency programs 11,458 8,802 21,570 16,399
Depreciation 41,172 41,348 83,406 81,416
Taxes other than income taxes 9,377 9,118 18,237 18,395
Total electric utility expenses 244,025 256,040 535,063 514,381
Other 1,090 1,077 2,252 2,253
Total operating expenses 245,115 257,117 537,315 516,634
Operating Income 71,780 82,835 129,899 133,424
Other Income (Expense):        
Allowance for equity funds used during construction 6,699 5,985 13,054 12,018
Earnings of equity-method investments 2,997 1,537 5,379 5,552
Other Income (Expense), Net 1,060 309 3,173 (150)
Interest Expense:        
Interest on long-term debt 21,156 21,412 42,310 42,099
Other interest 3,685 2,162 7,138 5,121
Allowance for borrowed funds used during construction (2,733) (2,606) (5,324) (5,078)
Total interest expense, net 22,108 20,968 44,124 42,142
Income Before Income Taxes 60,428 69,698 107,381 108,702
Income Tax Expense 7,028 7,105 11,344 9,998
Net Income 53,400 62,593 96,037 98,704
Adjustment for loss attributable to noncontrolling interests (244) (305) (195) (274)
Net Income Attributable to IDACORP, Inc. $ 53,156 $ 62,288 $ 95,842 $ 98,430
Weighted-average common shares outstanding - basic 50,499 50,435 50,504 50,430
Weighted-average common shares outstanding - diluted 50,507 50,481 50,512 50,472
Earnings Per Share of Common Stock:        
Earnings attributable to IDACORP, Inc. - basic (in dollars per share) $ 1.05 $ 1.24 $ 1.90 $ 1.95
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share) $ 1.05 $ 1.23 $ 1.90 $ 1.95
Idaho Power Company        
Operating Revenues:        
Electric utility revenues $ 315,774 $ 338,699 $ 665,546 $ 648,160
Operating Expenses:        
Purchased power 58,063 62,980 120,894 124,908
Fuel expense 20,826 21,515 72,696 49,250
Power cost adjustment 16,122 19,963 42,347 45,501
Other operations and maintenance 87,007 92,314 175,913 178,512
Energy efficiency programs 11,458 8,802 21,570 16,399
Depreciation 41,172 41,348 83,406 81,416
Taxes other than income taxes 9,377 9,118 18,237 18,395
Total electric utility expenses 244,025 256,040 535,063 514,381
Operating Income 71,749 82,659 130,483 133,779
Other Income (Expense):        
Allowance for equity funds used during construction 6,699 5,985 13,054 12,018
Earnings of equity-method investments 2,034 683 4,265 4,825
Other Income (Expense), Net 165 (391) 1,087 (1,519)
Total other income 8,898 6,277 18,406 15,324
Interest Expense:        
Interest on long-term debt 21,156 21,412 42,310 42,099
Other interest 3,677 2,148 7,106 5,093
Allowance for borrowed funds used during construction (2,733) (2,606) (5,324) (5,078)
Total interest expense, net 22,100 20,954 44,092 42,114
Income Before Income Taxes 58,547 67,982 104,797 106,989
Income Tax Expense 7,371 7,345 12,037 10,496
Net Income $ 51,176 $ 60,637 $ 92,760 $ 96,493