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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Total revenues $ 867,720 $ 886,355 $ 2,536,848 $ 2,391,307
Expenses        
Total expenses 776,018 791,865 2,289,924 2,169,781
Operating income (loss)        
Total operating income 91,702 94,490 246,924 221,526
Interest expense-other than on deposit liabilities and other bank borrowings (20,020) (19,949) (58,758) (64,266)
Allowance for borrowed funds used during construction 688 658 2,451 1,731
Allowance for equity funds used during construction 1,611 1,570 5,548 4,131
Income before income taxes 73,981 76,769 196,165 163,122
Income taxes 25,804 27,894 69,926 57,700
Net income 48,177 48,875 126,239 105,422
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 47,706 48,404 124,822 104,005
Basic earnings per common share (in dollars per share) $ 0.49 $ 0.50 $ 1.29 $ 1.09
Diluted earnings per common share (in dollars per share) $ 0.49 $ 0.50 $ 1.29 $ 1.09
Dividends per common share (in dollars per share) $ 0.31 $ 0.31 $ 0.93 $ 0.93
Weighted-average number of common shares outstanding (in shares) 97,157 95,873 96,674 95,365
Dilutive effect of share-based compensation (in shares) 361 227 423 306
Adjusted weighted-average shares (in shares) 97,518 96,100 97,097 95,671
Electric utility
       
Revenues        
Total revenues 801,095 820,254 2,340,257 2,194,327
Expenses        
Total expenses 726,276 745,298 2,146,688 2,031,645
Operating income (loss)        
Total operating income 74,819 74,956 193,569 162,682
Income before income taxes 61,268 62,244 154,976 122,114
Income taxes 22,395 23,787 58,429 46,446
Net income 38,873 38,457 96,547 75,668
Preferred stock dividends of subsidiaries 498 498 1,496 1,496
Net income for common stock 38,375 37,959 95,051 74,172
Bank
       
Revenues        
Total revenues 66,596 66,100 196,569 197,731
Expenses        
Total expenses 44,974 42,931 130,161 128,988
Operating income (loss)        
Total operating income 21,622 23,169 66,408 68,743
Income before income taxes 21,627 23,166 66,964 68,699
Income taxes 7,419 7,709 22,690 24,196
Net income 14,208 15,457 44,274 44,503
Net income for common stock 14,208 15,457 44,274 44,503
Other
       
Revenues        
Total revenues 29 1 22 (751)
Expenses        
Total expenses 4,768 3,636 13,075 9,148
Operating income (loss)        
Total operating income (4,739) (3,635) (13,053) (9,899)
Income before income taxes (8,914) (8,641) (25,775) (27,691)
Income taxes (4,010) (3,602) (11,193) (12,942)
Net income (4,904) (5,039) (14,582) (14,749)
Preferred stock dividends of subsidiaries (27) (27) (79) (79)
Net income for common stock $ (4,877) $ (5,012) $ (14,503) $ (14,670)