Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update)
Electric Operations 1,368.66 1,442.98 1,389.26 1,456.09
Revenue 1,368.66 1,442.98 1,389.26 1,456.09
Other Non-Utility Revenue 28.24 2.95 53.23 28.69
Other Revenue, Total 28.24 2.95 53.23 28.69
Total Revenue 1,396.89 1,445.93 1,442.48 1,484.78
Fuel Expense 494.74 524.57 551.37 656.96
Operations & Maintenance 318.27 310.14 305.74 303.22
Depreciation 183.68 172.02 161.28 144.19
Depreciation/Amortization 183.68 172.02 161.28 144.19
Impairment-Assets Held for Use -- -- -- --
Other Unusual Expense (Income) 3.72 14.62 0.00 --
Unusual Expense (Income) 3.72 14.62 0.00 --
Property & Other Taxes 107.30 106.75 98.74 97.66
Other Operating Expense 28.08 25.65 25.50 29.53
Other Operating Expenses, Total 135.38 132.40 124.24 127.18
Total Operating Expense 1,135.78 1,153.75 1,142.62 1,231.56
Operating Income 261.11 292.18 299.86 253.21
Interest Expense - Non-Operating -100.94 -96.19 -87.13 -80.44
Interest Capitalized - Non-Operating 3.94 3.31 2.65 3.55
Interest Expense, Net Non-Operating -97.00 -92.88 -84.48 -76.90
Interest Income, Non-Operating 3.70 3.45 3.13 0.70
Investment Income, Non-Operating -5.37 -4.16 -2.15 -0.64
Interest/Investment Income, Non-Operating -1.67 -0.71 0.98 0.06
Interest Income (Expense), Net-Non-Operating, Total -98.67 -93.59 -83.50 -76.83
Other Non-Operating Income (Expense) 0.21 0.10 -0.96 9.24
Other, Net 0.21 0.10 -0.96 9.24
Net Income Before Taxes 162.66 198.69 215.40 185.62
Income Tax – Total 26.06 72.59 78.09 67.45
Income After Tax 136.60 126.10 137.32 118.17
Minority Interest -0.17 -0.02 -0.09 -0.09
Net Income Before Extraordinary Items 136.43 126.09 137.23 118.08
Discontinued Operations -- -- -- 5.15
Extraordinary Item 0.00 -10.17 0.00 --
Total Extraordinary Items 0.00 -10.17 0.00 5.15
Net Income 136.43 115.92 137.23 123.23
Income Available to Common Excluding Extraordinary Items 136.43 126.09 137.23 118.08
Income Available to Common Stocks Including Extraordinary Items 136.43 115.92 137.23 123.23
Basic Weighted Average Shares 65.67 64.50 63.51 62.30
Basic EPS Excluding Extraordinary Items 2.08 1.95 2.16 1.90
Basic EPS Including Extraordinary Items 2.08 1.80 2.16 1.98
Dilution Adjustment -- -- -- 0.00
Diluted Net Income 136.43 115.92 137.23 123.23
Diluted Weighted Average Shares 65.95 64.81 63.92 62.71
Diluted EPS Excluding Extraordinary Items 2.07 1.95 2.15 1.88
Diluted EPS Including Extraordinary Items 2.07 1.79 2.15 1.97
DPS - Common Stock Primary Issue 1.49 1.07 1.37 1.32
Gross Dividends - Common Stock 98.05 92.46 87.15 82.40
Total Special Items 3.72 14.62 0.00 --
Normalized Income Before Taxes 166.38 213.31 215.40 185.62
Effect of Special Items on Income Taxes 0.60 5.34 0.00 --
Income Taxes Excluding Impact of Special Items 26.66 77.93 78.09 67.45
Normalized Income After Taxes 139.72 135.38 137.32 118.17
Normalized Income Available to Common 139.55 135.36 137.23 118.08
Basic Normalized EPS 2.12 2.10 2.16 1.90
Diluted Normalized EPS 2.12 2.09 2.15 1.88
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 187.32 175.66 164.93 147.84
Interest Expense, Supplemental 100.94 96.19 87.13 80.44
Interest Capitalized, Supplemental -3.94 -3.31 -2.65 -3.55
Rental Expense, Supplemental -- -- -- --
Stock-Based Compensation, Supplemental 5.37 7.36 7.89 6.91
Minority Interest, Supplemental -0.17 -0.02 -0.09 -0.09
Audit-Related Fees, Supplemental 2.08 2.03 1.85 1.94
Audit-Related Fees 0.00 0.00 0.04 0.00
Tax Fees, Supplemental 0.00 0.00 0.02 --
All Other Fees Paid to Auditor, Supplemental 0.01 0.01 0.01 0.01
Operating Margin 18.69 20.21 20.79 17.05
Pretax Margin 11.64 13.74 14.93 12.50
Effective Tax Rate 16.02 36.53 36.25 36.34
Net Profit Margin 9.77 8.72 9.51 7.95
Normalized EBIT 264.83 306.80 299.86 253.21
Normalized EBITDA 452.15 482.45 464.79 401.05
Current Tax - Total 17.49 13.10 -46.46 12.21
Current Tax - Total 17.49 13.10 -46.46 12.21
Deferred Tax - Domestic 8.57 59.49 124.54 55.24
Deferred Tax - Total -- -- -- --
Deferred Tax - Total 8.57 59.49 124.54 55.24
Income Tax - Total 26.06 72.59 78.09 67.45
Interest Cost - Domestic 26.10 27.90 27.54 26.12
Service Cost - Domestic 21.61 20.41 18.30 19.79
Prior Service Cost - Domestic 0.26 0.00 0.00 0.00
Expected Return on Assets - Domestic -33.02 -31.63 -27.55 -28.30
Actuarial Gains and Losses - Domestic 7.88 9.79 8.51 9.45
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 22.83 26.47 26.81 27.06
Interest Cost - Post-Retirement 4.83 5.49 6.11 5.16
Service Cost - Post-Retirement 3.19 3.22 3.21 2.93
Prior Service Cost - Post-Retirement -1.09 -1.14 -1.21 -1.20
Expected Return on Assets - Post-Retirement -1.97 -1.90 -1.86 -1.99
Actuarial Gains and Losses - Post-Retirement 4.23 4.93 5.73 5.10
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 9.19 10.60 11.97 9.99
Defined Contribution Expense - Domestic 10.24 9.08 8.71 8.01
Total Pension Expense 42.26 46.15 47.50 45.06
Discount Rate - Domestic 3.71 4.26 4.57 4.21
Discount Rate - Post-Retirement 3.72 4.23 4.57 4.16
Expected Rate of Return - Domestic 5.50 5.87 5.40 5.30
Expected Rate of Return - Post-Retirement 5.20 5.69 6.03 6.36
Compensation Rate - Domestic 4.67 4.69 4.78 4.87
Total Plan Interest Cost 30.93 33.39 33.65 31.28
Total Plan Service Cost 24.80 23.63 21.51 22.72
Total Plan Expected Return -34.99 -33.53 -29.41 -30.29
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

Copyright Thomson Reuters Corporation

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