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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Data (Unaudited)  
Schedule of quarterly financial information

Consolidated quarterly financial information for 2012 and 2011 is as follows (dollars in thousands, except per share amounts):

 

 

 

2012 Quarter Ended

 

2012

 

 

 

March 31,

 

June 30,

 

Sept. 30,

 

Dec. 31,

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

620,631

 

$

878,576

 

$

1,109,475

 

$

693,122

 

$

3,301,804

 

Operations and maintenance

 

210,663

 

216,236

 

220,729

 

237,141

 

884,769

 

Operating income

 

48,007

 

254,489

 

447,970

 

101,289

 

851,755

 

Income taxes

 

(4,645

)

76,689

 

147,116

 

18,157

 

237,317

 

Income from continuing operations

 

284

 

130,930

 

252,874

 

34,905

 

418,993

 

Net income (loss) attributable to common shareholders

 

(8,257

)

122,345

 

244,823

 

22,631

 

381,542

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to common shareholders — Basic

 

$

(0.07

)

$

1.12

 

$

2.23

 

$

0.24

 

$

3.54

 

Net income (loss) attributable to common shareholders — Basic

 

(0.08

)

1.12

 

2.23

 

0.21

 

3.48

 

Income (loss) from continuing operations attributable to common shareholders — Diluted

 

(0.07

)

1.12

 

2.21

 

0.24

 

3.50

 

Net income (loss) attributable to common shareholders — Diluted

 

(0.08

)

1.11

 

2.21

 

0.20

 

3.45

 

 

 

 

2011 Quarter Ended

 

2011

 

 

 

March 31,

 

June 30,

 

Sept. 30,

 

Dec. 31,

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

648,847

 

$

799,799

 

$

1,124,841

 

$

667,892

 

$

3,241,379

 

Operations and maintenance

 

255,029

 

210,590

 

210,035

 

228,632

 

904,286

 

Operating income

 

35,784

 

196,992

 

435,017

 

78,715

 

746,508

 

Income taxes

 

(6,005

)

50,818

 

131,416

 

7,375

 

183,604

 

Income (loss) from continuing operations

 

(10,368

)

93,185

 

253,273

 

19,544

 

355,634

 

Net income (loss) attributable to common shareholders

 

(15,135

)

86,685

 

255,359

 

12,564

 

339,473

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to common shareholders — Basic

 

$

(0.15

)

$

0.79

 

$

2.25

 

$

0.11

 

$

3.01

 

Net income (loss) attributable to common shareholders — Basic

 

(0.14

)

0.80

 

2.34

 

0.12

 

3.11

 

Income (loss) from continuing operations attributable to common shareholders — Diluted

 

(0.15

)

0.78

 

2.24

 

0.11

 

2.99

 

Net income (loss) attributable to common shareholders — Diluted

 

(0.14

)

0.79

 

2.32

 

0.11

 

3.09