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Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Operating revenues $ 158,563 $ 174,363 $ 846,194 $ 902,253
Operating expenses:        
Fuel and purchased power 33,624 48,326 161,219 225,247
Operations and maintenance 80,704 80,413 332,848 335,136
Depreciation and amortization 26,466 25,126 103,412 97,694
Taxes other than income taxes 16,071 16,189 73,233 71,682
Utilities operating expense 156,865 170,054 670,712 729,759
Operating income 1,698 4,309 175,482 172,494
Other income (deductions):        
Allowance for equity funds used during construction 586 1,001 2,130 3,534
Investment and interest income, net (25,599) 23,707 20,321 36,929
Miscellaneous non-operating income 2,945 3,048 15,166 12,735
Strategic transaction costs (1,295) 0 (13,405) 0
Miscellaneous non-operating deductions (3,149) (2,357) (10,738) (11,594)
Nonoperating income (26,512) 25,399 13,474 41,604
Interest charges (credits):        
Interest on long-term debt and revolving credit facility 18,743 18,989 74,542 76,425
Other interest 4,547 5,233 20,680 18,469
Capitalized interest (1,378) (1,532) (5,575) (5,801)
Allowance for borrowed funds used during construction (885) (972) (3,928) (3,686)
Interest expense 21,027 21,718 85,719 85,407
Income (loss) before income taxes (45,841) 7,990 103,237 128,691
Income tax expense (benefit) (10,632) 1,901 21,498 31,321
Net income (loss) $ (35,209) $ 6,089 $ 81,739 $ 97,370
Basic earnings (loss) per share $ (0.870) $ 0.15 $ 2.01 $ 2.39
Diluted earnings (loss) per share (0.870) 0.15 2.00 2.39
Dividends declared per share of common stock $ 0.385 $ 0.360 $ 1.540 $ 1.440
Weighted average number of shares outstanding 40,653,326 40,582,936 40,623,151 40,543,986
Weighted average number of shares and dilutive potential shares outstanding 40,653,326 40,663,753 40,691,961 40,661,228