Schedule of segment financial information |
Segment financial information was as follows: | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Electric utility | | Bank | | Other | | Total | 2020 | | | | | | | | Revenues from external customers | $ | 2,265,281 | | | $ | 313,511 | | | $ | 983 | | | $ | 2,579,775 | | Intersegment revenues (eliminations) | 39 | | | — | | | (39) | | | — | | Revenues | 2,265,320 | | | 313,511 | | | 944 | | | 2,579,775 | | Depreciation and amortization | 256,479 | | | 29,349 | | | 4,950 | | | 290,778 | | Interest expense, net | 67,794 | | | 11,114 | | | 20,900 | | | 99,808 | | Income (loss) before income taxes | 211,753 | | | 69,271 | | | (40,400) | | | 240,624 | | Income taxes (benefit) | 40,418 | | | 11,688 | | | (11,196) | | | 40,910 | | Net income (loss) | 171,335 | | | 57,583 | | | (29,204) | | | 199,714 | | Preferred stock dividends of subsidiaries | 1,995 | | | — | | | (105) | | | 1,890 | | Net income (loss) for common stock | 169,340 | | | 57,583 | | | (29,099) | | | 197,824 | | Capital expenditures1 | 350,864 | | | 12,203 | | | 20,828 | | | 383,895 | | Assets (at December 31, 2020) | 6,457,373 | | | 8,396,533 | | | 150,101 | | | 15,004,007 | | 2019 | | | | | | | | Revenues from external customers | $ | 2,545,865 | | | $ | 327,917 | | | $ | 166 | | | $ | 2,873,948 | | Intersegment revenues (eliminations) | 77 | | | — | | | (77) | | | — | | Revenues | 2,545,942 | | | 327,917 | | | 89 | | | 2,873,948 | | Depreciation and amortization | 245,362 | | | 28,675 | | | 4,076 | | | 278,113 | | Interest expense, net | 70,842 | | | 18,440 | | | 20,057 | | | 109,339 | | Income (loss) before income taxes | 197,140 | | | 112,034 | | | (37,765) | | | 271,409 | | Income taxes (benefit) | 38,305 | | | 23,061 | | | (9,729) | | | 51,637 | | Net income (loss) | 158,835 | | | 88,973 | | | (28,036) | | | 219,772 | | Preferred stock dividends of subsidiaries | 1,995 | | | — | | | (105) | | | 1,890 | | Net income (loss) for common stock | 156,840 | | | 88,973 | | | (27,931) | | | 217,882 | | Capital expenditures1 | 419,898 | | | 24,175 | | | 13,447 | | | 457,520 | | Assets (at December 31, 2019) | 6,388,682 | | | 7,233,017 | | | 123,552 | | | 13,745,251 | | 2018 | | | | | | | | Revenues from external customers | $ | 2,546,472 | | | $ | 314,275 | | | $ | 102 | | | $ | 2,860,849 | | Intersegment revenues (eliminations) | 53 | | | — | | | (53) | | | — | | Revenues | 2,546,525 | | | 314,275 | | | 49 | | | 2,860,849 | | Depreciation and amortization | 230,228 | | | 21,443 | | | 3,958 | | | 255,629 | | Interest expense, net | 73,348 | | | 15,539 | | | 15,329 | | | 104,216 | | Income (loss) before income taxes | 180,426 | | | 106,578 | | | (32,543) | | | 254,461 | | Income taxes (benefit) | 34,778 | | | 24,069 | | | (8,050) | | | 50,797 | | Net income (loss) | 145,648 | | | 82,509 | | | (24,493) | | | 203,664 | | Preferred stock dividends of subsidiaries | 1,995 | | | — | | | (105) | | | 1,890 | | Net income (loss) for common stock | 143,653 | | | 82,509 | | | (24,388) | | | 201,774 | | Capital expenditures1 | 415,264 | | | 72,666 | | | 18,840 | | | 537,369 | | Assets (at December 31, 2018) | 5,967,503 | | | 7,027,894 | | | 108,654 | | | 13,104,051 | |
1 Contributions in aid of construction balances are included in capital expenditures.
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