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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements Of Operations            
Operating revenues $ 242,605 $ 211,397 $ 418,717 $ 415,565 $ 880,403 $ 849,476
Energy expenses:            
Fuel 61,318 50,752 104,077 99,845 204,061 199,506
Purchased and interchanged power 16,297 19,552 34,771 48,399 78,288 99,309
Cost of services, energy services, total 77,615 70,304 138,848 148,244 282,349 298,815
Operating revenues net of energy expenses 164,990 141,093 279,869 267,321 598,054 550,661
Other operating expenses:            
Other operations 57,209 51,544 111,316 101,642 233,895 217,545
Maintenance 16,760 15,735 28,996 30,235 55,584 60,066
Depreciation and amortization 19,524 20,167 40,460 39,451 82,020 78,012
Taxes other than income taxes 13,376 13,170 26,503 24,913 56,079 49,883
Utilities operating expense, total 106,869 100,616 207,275 196,241 427,578 405,506
Operating income 58,121 40,477 72,594 71,080 170,476 145,155
Other income (deductions):            
Allowance for equity funds used during construction 2,011 2,707 5,062 5,247 10,631 9,346
Investment and interest income, net 1,590 840 3,975 1,938 7,352 7,387
Miscellaneous non-operating income 1 151 271 153 1,486 499
Miscellaneous non-operating deductions (698) (529) (1,413) (888) (3,731) (2,330)
Nonoperating income (expense), total 2,904 3,169 7,895 6,450 15,738 14,902
Interest charges (credits):            
Interest on long-term debt and revolving credit facility 13,526 12,241 27,024 24,442 53,408 48,834
Other interest 237 25 534 65 723 209
Capitalized interest (1,290) (258) (2,546) (486) (4,547) (933)
Allowance for borrowed funds used during construction (1,180) (1,534) (3,029) (3,101) (6,599) (5,757)
Interest expense, total 11,293 10,474 21,983 20,920 42,985 42,353
Income before income taxes 49,732 33,172 58,506 56,610 143,229 117,704
Income tax expense 16,742 11,665 18,741 23,654 46,103 42,855
Income before extraordinary item         97,126 74,849
Extraordinary gain related to Texas regulatory assets, net of tax         10,286 0
Net income $ 32,990 $ 21,507 $ 39,765 $ 32,956 $ 107,412 $ 74,849
Basic earnings per share:            
Income before extraordinary item         $ 2.28 $ 1.70
Extraordinary gain related to Texas regulatory assets, net of tax         $ 0.24 $ 0.00
Net income $ 0.78 $ 0.49 $ 0.94 $ 0.75 $ 2.52 $ 1.70
Diluted earnings per share:            
Income before extraordinary item         $ 2.27 $ 1.69
Extraordinary gain related to Texas regulatory assets, net of tax         $ 0.24 $ 0.00
Net income $ 0.78 $ 0.49 $ 0.94 $ 0.75 $ 2.51 $ 1.69
Dividends declared per share of common stock $ 0.22 $ 0.00 $ 0.22 $ 0.00 $ 0.22 $ 0.00
Weighted average number of shares outstanding 41,853,552 43,460,458 42,079,568 43,598,933 42,376,298 43,943,503
Weighted average number of shares and dilutive potential shares outstanding 42,076,659 43,557,788 42,298,716 43,710,026 42,595,011 44,059,201