XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING REVENUES    
Electric Utility operating revenues $ 455.5 $ 426.7
Natural Gas Midstream Operations operating revenues 445.9 414.0
Total operating revenues 901.4 840.7
COST OF GOODS SOLD (exclusive of depreciation and amortization shown below)    
Electric Utility cost of goods sold 199.4 183.6
Natural Gas Midstream Operations cost of goods sold 353.6 301.7
Total cost of goods sold 553.0 485.3
Gross margin on revenues 348.4 355.4
OPERATING EXPENSES    
Other operation and maintenance 148.0 147.6
Depreciation and amortization 91.9 86.6
Impairment of assets 0 0.2
Gain on insurance proceeds 0 (7.5)
Taxes other than income 33.1 30.2
Total operating expenses 273.0 257.1
OPERATING INCOME 75.4 98.3
OTHER INCOME (EXPENSE)    
Interest income 0.1 0
Allowance for equity funds used during construction 1.2 1.9
Other income 14.6 7.7
Other expense (6.5) (1.9)
Net other income 9.4 7.7
INTEREST EXPENSE    
Interest on long-term debt 39.7 39.2
Allowance for borrowed funds used during construction (0.7) (1.1)
Interest on short-term debt and other interest charges 2.2 2.0
Interest expense 41.2 40.1
INCOME BEFORE TAXES 43.6 65.9
INCOME TAX EXPENSE 15.6 18.4
NET INCOME 28.0 47.5
Less: Net income attributable to noncontrolling interests 4.9 10.4
NET INCOME ATTRIBUTABLE TO OGE ENERGY $ 23.1 $ 37.1
BASIC AVERAGE COMMON SHARES OUTSTANDING (in shares) 98.9 98.3
DILUTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 99.4 98.8
BASIC EARNINGS PER AVERAGE COMMON SHARE ATTRIBUTABLE TO OGE ENERGY COMMON SHAREHOLDERS (in dollars per share) $ 0.23 $ 0.38
DILUTED EARNINGS PER AVERAGE COMMON SHARE ATTRIBUTABLE TO OGE ENERGY COMMON SHAREHOLDERS (in dollars per share) $ 0.23 $ 0.38
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.4175 $ 0.3925