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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues $ 724,265 $ 745,607 $ 1,360,402 $ 1,364,161
Operating expenses        
Operation and maintenance 323,320 327,577 635,523 637,581
Depreciation and amortization 101,366 92,329 201,015 184,433
General taxes 57,806 55,282 117,952 112,403
Gain on asset dispositions and purchases (114) (213) (208) (626)
Total operating expenses, net 482,378 474,975 954,282 933,791
Operating income 241,887 270,632 406,120 430,370
Other income (expenses)        
Interest, net (77,757) (79,730) (155,871) (159,384)
Allowance for other funds used during construction 3,699 5,076 7,095 9,438
Allowance for borrowed funds used during construction 1,770 2,313 3,423 4,394
Amortization of debt expense (1,624) (1,361) (3,205) (2,627)
Other, net (256) 335 (1,032) (281)
Total other income (expenses) (74,168) (73,367) (149,590) (148,460)
Income from continuing operations before income taxes 167,719 197,265 256,530 281,910
Provision for income taxes 66,456 80,602 97,624 115,995
Income from continuing operations 101,263 116,663 158,906 165,915
Loss from discontinued operations, net of tax 0 (9,637) 0 (17,135)
Net income 101,263 107,026 158,906 148,780
Pension plan amortized to periodic benefit cost:        
Prior service cost, net of tax of $27 and $28 for the three months and $55 and $56 for the six months ended, respectively 44 44 87 88
Actuarial loss, net of tax of $1,425 and $1,167 for the three months and $2,849 and $2,334 for the six months ended, respectively 2,227 1,826 4,455 3,651
Foreign currency translation adjustment (453) (211) (819) 48
Other comprehensive income 1,818 1,659 3,723 3,787
Comprehensive income $ 103,081 $ 108,685 $ 162,629 $ 152,567
Basic earnings per common share:        
Income from continuing operations $ 0.57 [1] $ 0.66 [1] $ 0.89 [1] $ 0.94 [1]
Loss from discontinued operations, net of tax $ 0.00 [1] $ (0.05) [1] $ 0.00 [1] $ (0.10) [1]
Net income $ 0.57 [1] $ 0.61 [1] $ 0.89 [1] $ 0.84 [1]
Diluted earnings per common share:        
Income from continuing operations $ 0.57 [1] $ 0.66 [1] $ 0.89 [1] $ 0.94 [1]
Loss from discontinued operations, net of tax $ 0.00 [1] $ (0.05) [1] $ 0.00 [1] $ (0.10) [1]
Net income $ 0.57 [1] $ 0.60 [1] $ 0.89 [1] $ 0.84 [1]
Average common shares outstanding during the period:        
Basic 177,716 176,331 177,522 176,122
Diluted 178,910 177,491 178,716 177,296
Dividends per common share $ 0.28 $ 0.25 $ 0.28 $ 0.48
[1] Amounts may not sum due to rounding.