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Consolidated Condensed Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Regulated electric and gas $ 656.5 $ 665.2 $ 1,243.6 $ 1,371.7
Unregulated 229.2 233.6 438.2 439.4
Total revenues 885.7 898.8 1,681.8 1,811.1
Expenses        
Fuel 194.2 185.4 339.1 349.4
Purchased power 43.9 49.1 71.1 106.3
Cost of natural gas sold 54.1 59.4 136.1 175.4
Other 82.1 96.5 160.4 184.4
Operation other expense        
Mining related costs 130.7 137.6 254.7 255.2
Guatemalan power generation 22.7 17.7 42.8 32.9
Other 1.7 1.5 3.1 3.1
Maintenance 48.5 47.8 97.3 92.5
Depreciation and amortization 81.2 77.9 161.0 154.9
Restructuring charges     0 1.5
Taxes, other than income 55.5 56.0 114.2 116.7
Total expenses 714.6 728.9 1,379.8 1,472.3
Income from operations 171.1 169.9 302.0 338.8
Other income (expense)        
Allowance for other funds used during construction 0.3 0.3 0.6 1.3
Other income 1.5 2.2 3.0 5.6
Loss on debt extinguishment 0 (6.6) 0 (33.0)
Income from equity investments 0 4.2 0 6.9
Total other income 1.8 0.1 3.6 (19.2)
Interest charges        
Interest expense 51.3 58.4 104.1 118.3
Allowance for borrowed funds used during construction (0.1) (0.2) (0.3) (0.8)
Total interest charges 51.2 [1] 58.2 [1] 103.8 [1] 117.5 [1]
Income before provision for income taxes 121.7 111.8 201.8 202.1
Provision for income taxes 44.1 36.1 72.5 70.4
Net income 77.6 75.7 129.3 131.7
Less: Net income attributable to noncontrolling interest (0.1) (0.2) (0.1) (0.4)
Net income 77.5 75.5 129.2 131.3
Average common shares outstanding - Basic 213.6 212.5 213.3 212.4
Average common shares outstanding - Diluted 215.2 214.7 215.1 214.5
Earnings per share - Basic $ 0.36 $ 0.35 $ 0.60 $ 0.61
Earnings per share - Diluted $ 0.36 $ 0.35 $ 0.60 $ 0.61
Dividends paid per common share outstanding $ 0.215 $ 0.205 $ 0.420 $ 0.405
Tampa Electric Co [Member]
       
Revenues        
Total revenues 656.8 665.5 1,244.1 1,372.2
Expenses        
Fuel 194.2 185.4 339.1 349.4
Purchased power 43.9 49.1 71.1 106.3
Cost of natural gas sold 54.2 59.4 136.2 175.4
Other 82.0 96.5 160.2 184.2
Operation other expense        
Maintenance 31.6 31.6 63.1 61.6
Depreciation and amortization 67.3 65.0 134.0 129.4
Taxes, other than income 44.9 45.2 91.5 94.5
Total expenses 558.5 569.2 1,064.7 1,176.6
Income from operations 98.3 96.3 179.4 195.6
Other income (expense)        
Allowance for other funds used during construction 0.3 0.3 0.6 1.3
Total other income 0.8 1.0 1.4 2.6
Interest charges        
Interest expense 32.1 32.8 64.8 65.5
Allowance for borrowed funds used during construction (0.1) (0.2) (0.3) (0.8)
Total interest charges 34.8 35.4 70.2 70.3
Provision for income taxes 40.6 37.1 69.9 76.1
Net income     110.6 127.9
Net income $ 64.3 $ 61.9 $ 110.6 $ 127.9
[1] Segment net income is reported on a basis that includes internally allocated financing costs. Total interest charges include internally allocated interest costs that for January 2011 through June 2011 were at a pretax rate of 6.25%, for July 2010 through December 2010 were at a pretax rate of 6.50%, and for January 2010 through June 2010 were at a pretax rate of 7.15% based on an average of each subsidiary's equity and indebtedness to TECO Energy assuming a 50/50 debt/equity capital structure.