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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES $ 878,576 $ 799,799 $ 1,499,207 $ 1,448,646
OPERATING EXPENSES        
Fuel and purchased power 264,723 244,049 481,032 456,056
Operations and maintenance 216,236 210,590 426,899 465,619
Depreciation and amortization 100,606 106,617 200,715 213,200
Taxes other than income taxes 41,289 40,155 83,764 77,779
Other expenses 1,233 1,396 4,301 3,216
Total 624,087 602,807 1,196,711 1,215,870
OPERATING INCOME 254,489 196,992 302,496 232,776
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 5,175 5,924 9,931 11,319
Other income (Note 11) 177 557 937 2,247
Other expense (Note 11) (2,669) (3,186) (6,737) (4,927)
Total 2,683 3,295 4,131 8,639
INTEREST EXPENSE        
Interest charges 53,000 60,140 109,967 121,217
Allowance for borrowed funds used during construction (3,447) (3,856) (6,598) (7,432)
Total 49,553 56,284 103,369 113,785
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 207,619 144,003 203,258 127,630
INCOME TAXES 76,689 50,818 72,044 44,813
INCOME FROM CONTINUING OPERATIONS 130,930 93,185 131,214 82,817
INCOME (LOSS) FROM DISCONTINUED OPERATIONS        
Net of income tax expense (benefit) of $(535) and $773 for three months ended June 30, 2012 and 2011 and $(1,040) and $906 for six months ended June 30, 2012 and 2011 (Note 13) (819) 654 (1,584) 1,348
NET INCOME 130,111 93,839 129,630 84,165
Less: Net income attributable to noncontrolling interests (Note 7) 7,766 7,154 15,542 12,615
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 122,345 86,685 114,088 71,550
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 109,491 109,044 109,395 108,939
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 110,359 109,718 110,183 109,540
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING        
Income from continuing operations attributable to common shareholders - basic (in dollars per share) $ 1.12 $ 0.79 $ 1.06 $ 0.64
Net income attributable to common shareholders - basic (in dollars per share) $ 1.12 $ 0.80 $ 1.04 $ 0.66
Income from continuing operations attributable to common shareholders - diluted (in dollars per share) $ 1.12 $ 0.78 $ 1.05 $ 0.64
Net income attributable to common shareholders - diluted (in dollars per share) $ 1.11 $ 0.79 $ 1.04 $ 0.65
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 1.05 $ 1.05 $ 1.575 $ 1.575
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS:        
Income from continuing operations, net of tax 123,164 86,001 115,681 70,163
Discontinued operations, net of tax (819) 684 (1,593) 1,387
Net income attributable to common shareholders $ 122,345 $ 86,685 $ 114,088 $ 71,550