XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
OPERATING REVENUES $ 1,469,871 $ 1,308,254 $ 3,315,071 $ 3,004,978
OPERATING EXPENSES        
Fuel and purchased power 556,571 427,452 1,174,027 895,514
Operations and maintenance 251,663 232,386 715,392 692,131
Depreciation and amortization 190,389 163,523 563,491 480,093
Taxes other than income taxes 53,475 57,608 165,591 176,586
Other expenses - net 200 (2,088) 1,410 5,361
Total 1,052,298 878,881 2,619,911 2,249,685
OPERATING INCOME 417,573 429,373 695,160 755,293
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 9,133 11,352 30,966 30,549
Pension and other postretirement non-service credits - net (Note 5) 24,673 28,135 73,739 84,101
Other income (Note 9) 2,219 12,083 5,605 36,719
Other expense (Note 9) (6,745) (6,182) (14,751) (15,219)
Total 29,280 45,388 95,559 136,150
INTEREST EXPENSE        
Interest charges 72,185 64,067 205,677 188,782
Allowance for borrowed funds used during construction (8,692) (5,273) (19,047) (15,466)
Total 63,493 58,794 186,630 173,316
INCOME BEFORE INCOME TAXES 383,360 415,967 604,089 718,127
INCOME TAXES 52,728 71,863 83,577 114,073
NET INCOME 330,632 344,104 520,512 604,054
Less: Comprehensive income attributable to noncontrolling interests 4,306 4,306 12,918 12,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 326,326 $ 339,798 $ 507,594 $ 591,136
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,211 112,923 113,162 112,878
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,463 113,217 113,376 113,178
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING        
Net income attributable to common shareholders - basic (in dollars per share) $ 2.88 $ 3.01 $ 4.49 $ 5.24
Net income attributable to common shareholders — diluted (in dollars per share) $ 2.88 $ 3.00 $ 4.48 $ 5.22