XML 1024 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING REVENUES      
Electric Utility $ 2,196.9 $ 2,453.1 $ 2,259.7
Natural Gas Midstream Operations (Note 1) 0.0 0.0 608.0
Total operating revenues 2,196.9 2,453.1 2,867.7
COST OF SALES      
Electric Utility 865.0 1,106.6 950.0
Natural Gas Midstream Operations (Note 1) 0.0 0.0 478.9
Total cost of sales 865.0 1,106.6 1,428.9
OPERATING EXPENSES      
Other operation and maintenance 451.6 439.6 489.2
Depreciation and amortization 307.9 281.4 297.3
Taxes other than income 91.2 88.7 98.8
Total operating expenses 850.7 809.7 885.3
Operating income (loss) 481.2 536.8 553.5
OTHER INCOME (EXPENSE)      
Equity in earnings of unconsolidated affiliates (Note 1) 15.5 [1] 172.6 101.9
Allowance for equity funds used during construction 8.3 4.2 6.6
Other income 27.0 17.8 31.8
Other expense (14.3) (14.4) (22.2)
Net other income 36.5 180.2 118.1
INTEREST EXPENSE      
Interest on long-term debt 147.8 144.6 145.6
Allowance for borrowed funds used during construction (4.2) (2.4) (3.4)
Interest on short-term debt and other interest charges 5.4 6.2 5.3
Interest expense 149.0 148.4 147.5
INCOME BEFORE TAXES 368.7 568.6 524.1
INCOME TAX EXPENSE 97.4 172.8 130.3
NET INCOME 271.3 395.8 393.8
Less: Net income attributable to noncontrolling interests 0.0 0.0 6.2
NET INCOME ATTRIBUTABLE TO OGE ENERGY $ 271.3 $ 395.8 $ 387.6
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.6 199.2 198.2
DILUTED AVERAGE COMMON SHARES OUTSTANDING 199.6 199.9 199.4
BASIC EARNINGS PER AVERAGE COMMON SHARE ATTRIBUTABLE TO OGE ENERGY COMMON SHAREHOLDERS $ 1.36 [2] $ 1.99 [2] $ 1.96
DILUTED EARNINGS PER AVERAGE COMMON SHARE ATTRIBUTABLE TO OGE ENERGY COMMON SHAREHOLDERS 1.36 [2] 1.98 [2] 1.94
DIVIDENDS DECLARED PER COMMON SHARE $ 1.05000 $ 0.95000 $ 0.85125
[1] In September 2015, the Company recorded a $108.4 million pre-tax charge for its share of the goodwill impairment, as adjusted for the basis difference. See Note 3 for further discussion of Enable's goodwill impairment.
[2] Due to the impact of dilution on the earnings per share calculation, quarterly earnings per share amounts may not add to the total.