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Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues $ 203,075 $ 236,796 $ 377,438 $ 412,509 $ 868,532 $ 906,128
Operating expenses:            
Fuel and purchased power 32,106 53,463 80,432 105,651 203,890 234,229
Operations and maintenance 81,308 88,855 161,721 169,015 327,589 327,836
Depreciation and amortization 25,220 23,958 50,346 47,772 98,956 94,186
Taxes other than income taxes 18,103 17,381 34,292 32,888 72,404 70,756
Utilities operating expense 156,737 183,657 326,791 355,326 702,839 727,007
Operating income 46,338 53,139 50,647 57,183 165,693 179,121
Other income (deductions):            
Allowance for equity funds used during construction 514 718 1,515 1,638 3,330 3,122
Investment and interest income, net 13,014 11,072 36,721 16,227 38,871 33,761
Miscellaneous non-operating income 3,090 3,072 6,138 6,208 12,753 12,466
Strategic transaction costs (5,675) 0 (5,675) 0 (5,675) 0
Miscellaneous non-operating deductions (2,328) (2,769) (4,685) (5,512) (11,153) (11,594)
Nonoperating income 8,615 12,093 34,014 18,561 38,126 37,755
Interest charges (credits):            
Interest on long-term debt and revolving credit facility 18,263 18,194 37,252 36,182 76,494 72,378
Other interest 5,810 5,115 11,043 9,769 19,164 18,866
Capitalized interest (1,457) (1,365) (2,989) (2,579) (5,893) (4,963)
Allowance for borrowed funds used during construction (1,062) (772) (2,034) (1,670) (3,976) (3,143)
Interest expense 21,554 21,172 43,272 41,702 85,789 83,138
Income before income taxes 33,399 44,060 41,389 34,042 118,030 133,738
Income tax expense 7,273 10,765 9,174 7,713 27,829 41,225
Net income $ 26,126 $ 33,295 $ 32,215 $ 26,329 $ 90,201 $ 92,513
Basic earnings per share $ 0.640 $ 0.82 $ 0.790 $ 0.650 $ 2.220 $ 2.280
Diluted earnings per share 0.640 0.82 0.790 0.650 2.210 2.270
Dividends declared per share of common stock $ 0.385 $ 0.360 $ 0.745 $ 0.695 $ 1.465 $ 1.365
Weighted average number of shares outstanding 40,602,343 40,517,713 40,592,693 40,504,526 40,565,007 40,467,231
Weighted average number of shares and dilutive potential shares outstanding 40,696,007 40,647,799 40,679,934 40,618,045 40,673,144 40,594,049