XML 22 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues:    
General business $ 253,380 $ 248,486
Off-system sales 9,151 13,019
Other revenues 18,035 17,269
Total electric utility revenues 280,566 278,774
Other 390 621
Total operating revenues 280,956 279,395
Operating Expenses:    
Purchased power 48,115 42,965
Fuel expense 35,764 31,476
Power cost adjustment 13,354 27,755
Other operations and maintenance 85,603 83,515
Energy efficiency programs 6,251 4,341
Depreciation 35,617 34,043
Taxes other than income taxes 8,738 8,520
Total electric utility expenses 233,442 232,615
Other 3,696 3,876
Total operating expenses 237,138 236,491
Operating Income 43,818 42,904
Other Income (Expense):    
Allowance for equity funds used during construction 4,985 5,187
Earnings of unconsolidated equity-method investments (42) (160)
Other expense, net 2,204 1,961
Interest Expense:    
Interest on long-term debt 20,897 20,773
Other interest 2,415 2,029
Allowance for borrowed funds used during construction (2,244) (2,365)
Total interest expense, net 21,068 20,437
Income Before Income Taxes 29,897 29,455
Income Tax Expense 4,367 6,111
Net Income 25,530 23,344
Adjustment for loss (income) attributable to noncontrolling interests 199 86
Net Income Attributable to IDACORP, Inc. $ 25,729 $ 23,430
Weighted Average Common Shares Outstanding - Basic (000’s) 50,299 50,220
Weighted Average Common Shares Outstanding - Diluted (000’s) 50,337 50,260
Earnings Per Share of Common Stock:    
Earnings Attributable to IDACORP, Inc. - Basic (in dollars per share) $ 0.51 $ 0.47
Earnings Attributable to IDACORP, Inc. - Diluted (in dollars per share) 0.51 0.47
Dividends Declared Per Share of Common Stock $ 0.51 $ 0.47
Idaho Power Company    
Operating Revenues:    
General business $ 253,380 $ 248,486
Off-system sales 9,151 13,019
Other revenues 18,035 17,269
Total electric utility revenues 280,566 278,774
Operating Expenses:    
Purchased power 48,115 42,965
Fuel expense 35,764 31,476
Power cost adjustment 13,354 27,755
Other operations and maintenance 85,603 83,515
Energy efficiency programs 6,251 4,341
Depreciation 35,617 34,043
Taxes other than income taxes 8,738 8,520
Total electric utility expenses 233,442 232,615
Operating Income 47,124 46,159
Other Income (Expense):    
Allowance for equity funds used during construction 4,985 5,187
Earnings of unconsolidated equity-method investments (93) 128
Other expense, net (811) (1,144)
Total other income 4,081 4,171
Interest Expense:    
Interest on long-term debt 20,897 20,773
Other interest 2,350 1,978
Allowance for borrowed funds used during construction (2,244) (2,365)
Total interest expense, net 21,003 20,386
Income Before Income Taxes 30,202 29,944
Income Tax Expense 4,668 6,482
Net Income $ 25,534 $ 23,462