Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified)
Electric Operations 1,323.52 1,368.66 1,442.98 1,389.26
Revenue 1,323.52 1,368.66 1,442.98 1,389.26
Other Non-Utility Revenue 22.10 28.24 2.95 53.23
Other Revenue, Total 22.10 28.24 2.95 53.23
Total Revenue 1,345.62 1,396.89 1,445.93 1,442.48
Fuel Expense 439.82 494.74 524.57 551.37
Operations & Maintenance 345.21 318.27 310.14 305.74
Selling/General/Administrative Expense 5.41 -- -- --
Selling/General/Administrative Expenses, Total 5.41 -- -- --
Depreciation 205.99 183.68 172.02 161.28
Depreciation/Amortization 205.99 183.68 172.02 161.28
Other Unusual Expense (Income) 19.68 3.72 14.62 0.00
Unusual Expense (Income) 19.68 3.72 14.62 0.00
Property & Other Taxes 105.65 107.30 106.75 98.74
Other Operating Expense 13.47 28.08 25.65 25.50
Other Operating Expenses, Total 119.12 135.38 132.40 124.24
Total Operating Expense 1,135.23 1,135.78 1,153.75 1,142.62
Operating Income 210.39 261.11 292.18 299.86
Interest Expense - Non-Operating -104.35 -100.94 -96.19 -87.13
Interest Capitalized - Non-Operating 4.17 3.94 3.31 2.65
Interest Expense, Net Non-Operating -100.18 -97.00 -92.88 -84.48
Interest Income, Non-Operating -- 3.70 3.45 3.13
Investment Income, Non-Operating -- -5.37 -4.16 -2.15
Interest/Investment Income, Non-Operating -- -1.67 -0.71 0.98
Interest Income (Expense), Net-Non-Operating, Total -100.18 -98.67 -93.59 -83.50
Other Non-Operating Income (Expense) 117.93 0.21 0.10 -0.96
Other, Net 117.93 0.21 0.10 -0.96
Net Income Before Taxes 228.14 162.66 198.69 215.40
Income Tax – Total 31.37 26.06 72.59 78.09
Income After Tax 196.76 136.60 126.10 137.32
Minority Interest 0.22 -0.17 -0.02 -0.09
Net Income Before Extraordinary Items 196.98 136.43 126.09 137.23
Discontinued Operations -- -- -- --
Extraordinary Item -- 0.00 -10.17 0.00
Total Extraordinary Items -- 0.00 -10.17 0.00
Net Income 196.98 136.43 115.92 137.23
Income Available to Common Excluding Extraordinary Items 196.98 136.43 126.09 137.23
Income Available to Common Stocks Including Extraordinary Items 196.98 136.43 115.92 137.23
Basic Weighted Average Shares 66.21 65.67 64.50 63.51
Basic EPS Excluding Extraordinary Items 2.98 2.08 1.95 2.16
Basic EPS Including Extraordinary Items 2.98 2.08 1.80 2.16
Dilution Adjustment -- -- -- --
Diluted Net Income 196.98 136.43 115.92 137.23
Diluted Weighted Average Shares 66.33 65.95 64.81 63.92
Diluted EPS Excluding Extraordinary Items 2.97 2.07 1.95 2.15
Diluted EPS Including Extraordinary Items 2.97 2.07 1.79 2.15
DPS - Common Stock Primary Issue 1.55 1.49 1.07 1.37
Gross Dividends - Common Stock 102.77 98.05 92.46 87.15
Total Special Items 19.68 3.72 14.62 0.00
Normalized Income Before Taxes 247.81 166.38 213.31 215.40
Effect of Special Items on Income Taxes 2.71 0.60 5.34 0.00
Income Taxes Excluding Impact of Special Items 34.08 26.66 77.93 78.09
Normalized Income After Taxes 213.73 139.72 135.38 137.32
Normalized Income Available to Common 213.95 139.55 135.36 137.23
Basic Normalized EPS 3.23 2.12 2.10 2.16
Diluted Normalized EPS 3.23 2.12 2.09 2.15
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 205.99 187.32 175.66 164.93
Interest Expense, Supplemental 104.35 100.94 96.19 87.13
Interest Capitalized, Supplemental -4.17 -3.94 -3.31 -2.65
Rental Expense, Supplemental 5.41 -- -- --
Stock-Based Compensation, Supplemental 11.35 5.37 7.36 7.89
Minority Interest, Supplemental 0.22 -0.17 -0.02 -0.09
Audit-Related Fees, Supplemental 2.02 2.08 2.03 1.85
Audit-Related Fees 0.00 0.00 0.00 0.04
Tax Fees, Supplemental 0.03 0.00 0.00 0.02
All Other Fees Paid to Auditor, Supplemental 0.01 0.01 0.01 0.01
Operating Margin 15.64 18.69 20.21 20.79
Pretax Margin 16.95 11.64 13.74 14.93
Effective Tax Rate 13.75 16.02 36.53 36.25
Net Profit Margin 14.64 9.77 8.72 9.51
Normalized EBIT 230.06 264.83 306.80 299.86
Normalized EBITDA 436.06 452.15 482.45 464.79
Current Tax - Total 16.28 17.49 13.10 -46.46
Current Tax - Total 16.28 17.49 13.10 -46.46
Deferred Tax - Domestic -- 8.57 59.49 124.54
Deferred Tax - Total 15.10 -- -- --
Deferred Tax - Total 15.10 8.57 59.49 124.54
Income Tax - Total 31.37 26.06 72.59 78.09
Interest Cost - Domestic 28.42 26.10 27.90 27.54
Service Cost - Domestic 19.76 21.61 20.41 18.30
Prior Service Cost - Domestic 0.26 0.26 0.00 0.00
Expected Return on Assets - Domestic -31.76 -33.02 -31.63 -27.55
Actuarial Gains and Losses - Domestic 10.22 7.88 9.79 8.51
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 26.88 22.83 26.47 26.81
Interest Cost - Post-Retirement 5.60 4.83 5.49 6.11
Service Cost - Post-Retirement 3.01 3.19 3.22 3.21
Prior Service Cost - Post-Retirement -0.98 -1.09 -1.14 -1.21
Expected Return on Assets - Post-Retirement -2.10 -1.97 -1.90 -1.86
Actuarial Gains and Losses - Post-Retirement 4.01 4.23 4.93 5.73
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 9.54 9.19 10.60 11.97
Defined Contribution Expense - Domestic 10.41 10.24 9.08 8.71
Total Pension Expense 46.83 42.26 46.15 47.50
Discount Rate - Domestic 4.31 3.71 4.26 4.57
Discount Rate - Post-Retirement 4.32 3.72 4.23 4.57
Expected Rate of Return - Domestic 5.90 5.50 5.87 5.40
Expected Rate of Return - Post-Retirement 5.70 5.20 5.69 6.03
Compensation Rate - Domestic 4.66 4.67 4.69 4.78
Total Plan Interest Cost 34.02 30.93 33.39 33.65
Total Plan Service Cost 22.76 24.80 23.63 21.51
Total Plan Expected Return -33.86 -34.99 -33.53 -29.41
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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