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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Revenues $ 2,380,654 $ 2,602,982 $ 3,239,542
Expenses      
Total expenses 2,032,479 2,280,429 2,906,942
Operating income (loss)      
Operating income 348,175 322,553 332,600
Merger termination fee 90,000 0 0
Interest expense, net – other than on deposit liabilities and other bank borrowings (75,803) (77,150) (76,352)
Allowance for borrowed funds used during construction 3,144 2,457 2,579
Allowance for equity funds used during construction 8,325 6,928 6,771
Income before income taxes 373,841 254,788 265,598
Income taxes 123,695 93,021 95,579
Net income 250,146 161,767 170,019
Preferred stock dividends of subsidiaries 1,890 1,890 1,890
Net income for common stock $ 248,256 $ 159,877 $ 168,129
Basic earnings per common share (in dollars per share) $ 2.30 $ 1.50 $ 1.65
Diluted earnings per common share (in dollars per share) 2.29 1.50 1.63
Dividends per common share (in dollars per share) $ 1.24 $ 1.24 $ 1.24
Weighted-average number of common shares outstanding (in shares) 108,102 106,418 101,968
Net effect of potentially dilutive shares (in shares) 207 303 969
Adjusted weighted-average shares (in shares) 108,309 106,721 102,937
Electric utility      
Revenues      
Revenues $ 2,094,368 $ 2,335,166 $ 2,987,323
Expenses      
Total expenses 1,809,900 2,061,050 2,711,555
Operating income (loss)      
Operating income 284,468 274,116 275,768
Income before income taxes 229,113 217,131 220,361
Income taxes 84,801 79,422 80,725
Net income 144,312 137,709 139,636
Preferred stock dividends of subsidiaries 1,995 1,995 1,995
Net income for common stock 142,317 135,714 137,641
Bank      
Revenues      
Revenues 285,924 267,733 252,497
Expenses      
Total expenses 198,572 183,921 173,202
Operating income (loss)      
Operating income 87,352 83,812 79,295
Income before income taxes 87,352 83,812 79,295
Income taxes 30,073 29,082 27,994
Net income 57,279 54,730 51,301
Preferred stock dividends of subsidiaries 0 0 0
Net income for common stock 57,279 54,730 51,301
Other      
Revenues      
Revenues 362 83 (278)
Expenses      
Total expenses 24,007 35,458 22,185
Operating income (loss)      
Operating income (23,645) (35,375) (22,463)
Income before income taxes 57,376 (46,155) (34,058)
Income taxes 8,821 (15,483) (13,140)
Net income 48,555 (30,672) (20,918)
Preferred stock dividends of subsidiaries (105) (105) (105)
Net income for common stock $ 48,660 $ (30,567) $ (20,813)