XML 86 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues $ 294,453 $ 300,271 $ 671,891 $ 712,780 $ 862,714 $ 908,929
Operating expenses:            
Fuel and purchased power 50,583 71,086 131,015 176,737 183,387 229,996
Operations and maintenance 82,186 83,355 243,907 252,370 326,420 336,506
Depreciation and amortization 25,704 24,169 76,050 71,941 100,491 95,790
Taxes other than income taxes 21,953 21,728 56,245 54,616 72,629 71,271
Utilities operating expense 180,426 200,338 507,217 555,664 682,927 733,563
Operating income 114,027 99,933 164,674 157,116 179,787 175,366
Other income (deductions):            
Allowance for equity funds used during construction 481 824 1,996 2,462 2,987 3,278
Investment and interest income, net 11,904 16,815 48,625 33,042 33,960 41,587
Miscellaneous non-operating income 3,150 3,037 9,288 9,245 12,866 12,428
Strategic transaction costs (3,798) 0 (9,473) 0 (9,473) 0
Miscellaneous non-operating deductions (2,930) (3,263) (7,615) (8,775) (10,820) (11,677)
Nonoperating income 8,807 17,413 42,821 35,974 29,520 45,616
Interest charges (credits):            
Interest on long-term debt and revolving credit facility 18,772 19,603 56,024 55,785 75,663 73,766
Other interest 5,314 4,127 16,357 13,896 20,351 18,320
Capitalized interest (1,435) (1,488) (4,424) (4,067) (5,840) (5,258)
Allowance for borrowed funds used during construction (986) (881) (3,020) (2,551) (4,081) (3,353)
Interest expense 21,665 21,361 64,937 63,063 86,093 83,475
Income before income taxes 101,169 95,985 142,558 130,027 123,214 137,507
Income tax expense 23,289 22,714 32,463 30,427 28,404 31,407
Net income $ 77,880 $ 73,271 $ 110,095 $ 99,600 $ 94,810 $ 106,100
Basic earnings per share $ 1.910 $ 1.80 $ 2.70 $ 2.450 $ 2.33 $ 2.61
Diluted earnings per share 1.910 1.79 2.70 2.440 2.32 2.60
Dividends declared per share of common stock $ 0.385 $ 0.360 $ 1.130 $ 1.055 $ 1.49 $ 1.39
Weighted average number of shares outstanding 40,616,532 40,535,489 40,600,726 40,514,961 40,585,513 40,494,482
Weighted average number of shares and dilutive potential shares outstanding 40,679,868 40,697,047 40,679,998 40,644,493 40,669,094 40,630,758