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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenues $ 759,159 $ 724,265 $ 1,441,105 $ 1,360,402
Operating expenses        
Operation and maintenance 342,974 323,320 672,249 635,523
Depreciation and amortization 105,862 101,366 211,940 201,015
General taxes 56,894 57,806 117,661 117,952
(Gain) loss on asset dispositions and purchases (345) (114) (615) (208)
Total operating expenses, net 505,385 482,378 1,001,235 954,282
Operating income 253,774 241,887 439,870 406,120
Other income (expenses)        
Interest, net (73,668) (77,757) (147,228) (155,871)
Allowance for funds used during construction     4,259 7,095
Amortization of debt expense (1,629) (1,624) (3,302) (3,205)
Other, net (317) (256) (1,858) (1,032)
Total other income (expenses) (72,285) (74,168) (145,375) (149,590)
Income before income taxes 181,489 167,719 294,495 256,530
Provision for income taxes 72,190 66,456 117,073 97,624
Net income 109,299 101,263 177,422 158,906
Pension plan amortized to periodic benefit cost:        
Prior service cost, net of tax of $26 and $27 for the three months and $53 and $55 for the six months, respectively 42 44 83 87
Actuarial loss, net of tax of $(5) and $1,425 for the three months and $(10) and $2,849 for the six months, respectively (8) 2,227 (15) 4,455
Foreign currency translation adjustment 446 (453) (104) (819)
Other comprehensive income (loss) 480 1,818 (36) 3,723
Comprehensive income 109,779 103,081 177,386 162,629
Basic earnings per share $ 0.61 $ 0.57 $ 0.99 $ 0.89
Diluted earnings per share $ 0.61 $ 0.57 $ 0.99 $ 0.89
Average common shares outstanding during the period        
Basic 178,863 177,716 178,702 177,522
Diluted 179,693 178,910 179,512 178,716
Dividends declared per common share $ 0.31 $ 0.28 $ 0.31 $ 0.28
Other Funds
       
Other income (expenses)        
Allowance for funds used during construction 2,058 3,699 4,259 7,095
Borrowed Funds
       
Other income (expenses)        
Allowance for funds used during construction $ 1,271 $ 1,770 $ 2,754 $ 3,423