XML 66 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues:      
Total $ 919,503 $ 916,447 $ 849,350
Operating Expenses      
Production Fuel – Electric 59,256 66,815 59,690
Electric Operation and Maintenance Expenses 153,529 155,534 146,914
Cost of Products Sold (depreciation included below) 355,119 354,559 316,562
Other Nonelectric Expenses 50,782 51,544 41,492
Depreciation and Amortization 78,086 74,666 72,545
Property Taxes – Electric 15,785 15,585 15,053
Total Operating Expenses 784,623 787,058 717,063
Operating Income 134,880 129,389 132,287
Interest Charges 31,411 30,408 29,604
Nonservice Cost Components of Postretirement Benefits 4,293 5,509 5,620
Other Income 5,112 3,461 2,632
Income Before Income Taxes 104,288 96,933 99,695
Income Tax Expense 17,441 14,588 27,256
Net Income $ 86,847 $ 82,345 $ 72,439
Average Number of Common Shares Outstanding–Basic (in shares) 39,720,847 39,599,944 39,457,261
Average Number of Common Shares Outstanding–Diluted (in shares) 39,953,826 39,892,196 39,748,347
Basic Earnings Per Common Share (in dollars per share) $ 2.19 $ 2.08 $ 1.84
Diluted Earnings Per Common Share (in dollars per share) $ 2.17 $ 2.06 $ 1.82
Electricity [Member]      
Operating Revenues:      
Revenues from Contracts with Customers $ 458,016 $ 450,637 $ 436,477
Changes in Accrued Revenues under Alternative Revenue Programs 1,032 (439) (1,971)
Total Electric 459,048 450,198 434,506
Product [Member]      
Operating Revenues:      
Revenues from Contracts with Customers 460,455 466,249 414,844
Electricity, Purchased [Member]      
Operating Expenses      
Purchased Power – Electric System Use $ 72,066 $ 68,355 $ 64,807