Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified)
Electric Operations 1,324.09 1,323.52 1,368.66 1,442.98
Revenue 1,324.09 1,323.52 1,368.66 1,442.98
Other Non-Utility Revenue -2.20 22.10 28.24 2.95
Other Revenue, Total -2.20 22.10 28.24 2.95
Total Revenue 1,321.89 1,345.62 1,396.89 1,445.93
Fuel Expense 398.51 439.82 494.74 524.57
Operations & Maintenance 354.61 345.21 318.27 310.14
Selling/General/Administrative Expense 5.85 5.41 -- --
Selling/General/Administrative Expenses, Total 5.85 5.41 -- --
Depreciation 224.22 205.99 183.68 172.02
Depreciation/Amortization 224.22 205.99 183.68 172.02
Other Unusual Expense (Income) 0.00 19.68 3.72 14.62
Unusual Expense (Income) 0.00 19.68 3.72 14.62
Property & Other Taxes 106.50 105.65 107.30 106.75
Other Operating Expense -0.50 13.47 28.08 25.65
Other Operating Expenses, Total 106.00 119.12 135.38 132.40
Total Operating Expense 1,089.19 1,135.23 1,135.78 1,153.75
Operating Income 232.70 210.39 261.11 292.18
Interest Expense - Non-Operating -105.06 -104.35 -100.94 -96.19
Interest Capitalized - Non-Operating 4.08 4.17 3.94 3.31
Interest Expense, Net Non-Operating -100.98 -100.18 -97.00 -92.88
Interest Income, Non-Operating -- -- 3.70 3.45
Investment Income, Non-Operating -- -- -5.37 -4.16
Interest/Investment Income, Non-Operating -- -- -1.67 -0.71
Interest Income (Expense), Net-Non-Operating, Total -100.98 -100.18 -98.67 -93.59
Other Non-Operating Income (Expense) 4.82 117.93 0.21 0.10
Other, Net 4.82 117.93 0.21 0.10
Net Income Before Taxes 136.54 228.14 162.66 198.69
Income Tax – Total 7.05 31.37 26.06 72.59
Income After Tax 129.49 196.76 136.60 126.10
Minority Interest 0.00 0.22 -0.17 -0.02
Net Income Before Extraordinary Items 129.49 196.98 136.43 126.09
Discontinued Operations -- -- -- --
Extraordinary Item -- -- 0.00 -10.17
Total Extraordinary Items -- -- 0.00 -10.17
Net Income 129.49 196.98 136.43 115.92
Income Available to Common Excluding Extraordinary Items 129.49 196.98 136.43 126.09
Income Available to Common Stocks Including Extraordinary Items 129.49 196.98 136.43 115.92
Basic Weighted Average Shares 67.96 66.21 65.67 64.50
Basic EPS Excluding Extraordinary Items 1.91 2.98 2.08 1.95
Basic EPS Including Extraordinary Items 1.91 2.98 2.08 1.80
Dilution Adjustment -- -- -- --
Diluted Net Income 129.49 196.98 136.43 115.92
Diluted Weighted Average Shares 68.10 66.33 65.95 64.81
Diluted EPS Excluding Extraordinary Items 1.90 2.97 2.07 1.95
Diluted EPS Including Extraordinary Items 1.90 2.97 2.07 1.79
DPS - Common Stock Primary Issue 1.62 1.55 1.49 1.07
Gross Dividends - Common Stock 110.25 102.77 98.05 92.46
Total Special Items 0.00 19.68 3.72 14.62
Normalized Income Before Taxes 136.54 247.81 166.38 213.31
Effect of Special Items on Income Taxes 0.00 2.71 0.60 5.34
Income Taxes Excluding Impact of Special Items 7.05 34.08 26.66 77.93
Normalized Income After Taxes 129.49 213.73 139.72 135.38
Normalized Income Available to Common 129.49 213.95 139.55 135.36
Basic Normalized EPS 1.91 3.23 2.12 2.10
Diluted Normalized EPS 1.90 3.23 2.12 2.09
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 224.22 205.99 187.32 175.66
Interest Expense, Supplemental 105.06 104.35 100.94 96.19
Interest Capitalized, Supplemental -4.08 -4.17 -3.94 -3.31
Rental Expense, Supplemental 5.85 5.41 -- --
Stock-Based Compensation, Supplemental 5.85 11.35 5.37 7.36
Minority Interest, Supplemental 0.00 0.22 -0.17 -0.02
Audit-Related Fees, Supplemental -- 2.02 2.08 2.03
Audit-Related Fees -- 0.00 0.00 0.00
Tax Fees, Supplemental -- 0.03 0.00 0.00
All Other Fees Paid to Auditor, Supplemental -- 0.01 0.01 0.01
Operating Margin 17.60 15.64 18.69 20.21
Pretax Margin 10.33 16.95 11.64 13.74
Effective Tax Rate 5.16 13.75 16.02 36.53
Net Profit Margin 9.80 14.64 9.77 8.72
Normalized EBIT 232.70 230.06 264.83 306.80
Normalized EBITDA 456.92 436.06 452.15 482.45
Current Tax - Total -37.91 16.28 17.49 13.10
Current Tax - Total -37.91 16.28 17.49 13.10
Deferred Tax - Domestic -- -- 8.57 59.49
Deferred Tax - Total 44.96 15.10 -- --
Deferred Tax - Total 44.96 15.10 8.57 59.49
Income Tax - Total 7.05 31.37 26.06 72.59
Interest Cost - Domestic 27.85 28.42 26.10 27.90
Service Cost - Domestic 22.39 19.76 21.61 20.41
Prior Service Cost - Domestic 0.26 0.26 0.26 0.00
Expected Return on Assets - Domestic -34.89 -31.76 -33.02 -31.63
Actuarial Gains and Losses - Domestic 6.72 10.22 7.88 9.79
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 22.33 26.88 22.83 26.47
Interest Cost - Post-Retirement 6.04 5.60 4.83 5.49
Service Cost - Post-Retirement 3.90 3.01 3.19 3.22
Prior Service Cost - Post-Retirement -0.96 -0.98 -1.09 -1.14
Expected Return on Assets - Post-Retirement -2.38 -2.10 -1.97 -1.90
Actuarial Gains and Losses - Post-Retirement 4.87 4.01 4.23 4.93
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 11.48 9.54 9.19 10.60
Defined Contribution Expense - Domestic 11.74 10.41 10.24 9.08
Total Pension Expense 45.56 46.83 42.26 46.15
Discount Rate - Domestic 3.85 4.31 3.71 4.26
Discount Rate - Post-Retirement 3.89 4.32 3.72 4.23
Expected Rate of Return - Domestic 5.50 5.90 5.50 5.87
Expected Rate of Return - Post-Retirement 5.30 5.70 5.20 5.69
Compensation Rate - Domestic 4.74 4.66 4.67 4.69
Total Plan Interest Cost 33.90 34.02 30.93 33.39
Total Plan Service Cost 26.29 22.76 24.80 23.63
Total Plan Expected Return -37.26 -33.86 -34.99 -33.53
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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