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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Total revenues $ 637,862 $ 783,749
Expenses    
Total expenses 568,356 694,535
Operating income (loss)    
Total operating income 69,506 89,214
Interest expense, net—other than on deposit liabilities and other bank borrowings (19,100) (19,456)
Allowance for borrowed funds used during construction 499 614
Allowance for equity funds used during construction [1] 1,413 1,609
Income before income taxes 52,318 71,981
Income taxes 19,979 25,721
Net income [1] 32,339 46,260
Preferred stock dividends of subsidiaries 473 473
Net income for common stock $ 31,866 $ 45,787
Basic earnings per common share (in dollars per share) $ 0.31 $ 0.45
Diluted earnings per common share (in dollars per share) 0.31 0.45
Dividends per common share (in dollars per share) $ 0.31 $ 0.31
Weighted-average number of common shares outstanding (in shares) 103,281 101,382
Net effect of potentially dilutive shares (in shares) 286 783
Adjusted weighted-average shares (in shares) 103,567 102,165
Electric utility    
Revenues    
Total revenues $ 573,442 $ 720,062
Expenses    
Total expenses 515,806 649,396
Operating income (loss)    
Total operating income 57,636 70,666
Income before income taxes 43,223 57,166
Income taxes 15,850 21,247
Net income 27,373 35,919
Preferred stock dividends of subsidiaries 499 499
Net income for common stock 26,874 35,420
Bank    
Revenues    
Total revenues 64,348 63,619
Expenses    
Total expenses 43,717 41,088
Operating income (loss)    
Total operating income 20,631 22,531
Income before income taxes 20,631 22,532
Income taxes 7,156 8,133
Net income 13,475 14,399
Net income for common stock 13,475 14,399
Other    
Revenues    
Total revenues 72 68
Expenses    
Total expenses 8,833 4,051
Operating income (loss)    
Total operating income (8,761) (3,983)
Income before income taxes (11,536) (7,717)
Income taxes (3,027) (3,659)
Net income (8,509) (4,058)
Preferred stock dividends of subsidiaries (26) (26)
Net income for common stock $ (8,483) $ (4,032)
[1] As restated - See Note 1, “Basis of presentation - Restatement of previously issued financial statements.”