Report of Business Segments

12 Months Ended

Dec. 31, 2015

Segment Reporting Information [Line Items]

Report of Business Segments

Report of Business Segments

The Company reports its operations in two business segments: (i) the electric utility segment, which is engaged in the generation, transmission, distribution and sale of electric energy, and (ii) natural gas midstream operations segment.

As discussed in Note 3, in connection with the formation of Enable, effective May 1, 2013, OGE Energy deconsolidated its interest in Enogex Holdings and began accounting for its interest in Enable using the equity method of accounting. Accordingly, for periods through April 30, 2013, amounts reported for the natural gas midstream operations segment reflect the operating results of Enogex Holdings. Equity in earnings of unconsolidated affiliates in the natural gas midstream operations segment reflects OGE Energy's equity interest in Enable since May 1, 2013. Investment in unconsolidated affiliates in the natural gas midstream operations segment represents OGE Energy's investment in Enable.

Other Operations primarily includes the operations of the holding company. 

Intersegment revenues are recorded at prices comparable to those of unaffiliated customers and are affected by regulatory considerations.

The following tables summarize the results of the Company's business segments for the years ended December 31, 2015, 2014and2013.

2015	Electric Utility		Natural Gas Midstream Operations			Other Operations			Eliminations			Total
(In millions)
Operating revenues	$	2,196.9	$	—		$	—		$	—		$	2,196.9
Cost of sales	865.0		—			—			—			865.0
Other operation and maintenance	444.5		7.5			(0.4		)	—			451.6
Depreciation and amortization	299.9		—			8.0			—			307.9
Taxes other than income	87.1		—			4.1			—			91.2
Operating income (loss)	500.4		(7.5		)	(11.7		)	—			481.2
Equity in earnings of unconsolidated affiliates (A)	—		15.5			—			—			15.5
Other income (expense)	20.0		0.4			0.9			(0.3		)	21.0
Interest expense	146.7		—			2.6			(0.3		)	149.0
Income tax expense (benefit)	104.8		(1.0		)	(6.4		)	—			97.4
Net income (loss)	$	268.9	$	9.4		$	(7.0	)	$	—		$	271.3
Investment in unconsolidated affiliates	$	—	$	1,194.4		$	—		$	—		$	1,194.4
Total assets	$	8,541.8	$	1,439.5		$	175.1		$	(559.0	)	$	9,597.4
Capital expenditures	$	551.6	$	—		$	(3.8	)	$	—		$	547.8

(A) In September2015, the Company recorded a$108.4 millionpre-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.

2014	Electric Utility		Natural Gas Midstream Operations			Other Operations			Eliminations			Total
(In millions)
Operating revenues	$	2,453.1	$	—		$	—		$	—		$	2,453.1
Cost of sales	1,106.6		—			—			—			1,106.6
Other operation and maintenance	453.2		1.2			(14.8		)	—			439.6
Depreciation and amortization	270.8		—			10.6			—			281.4
Taxes other than income	84.5		—			4.2			—			88.7
Operating income (loss)	538.0		(1.2		)	—			—			536.8
Equity in earnings of unconsolidated affiliates	—		172.6			—			—			172.6
Other income (expense)	7.1		—			0.7			(0.2		)	7.6
Interest expense	141.5		—			7.1			(0.2		)	148.4
Income tax expense (benefit)	111.6		69.1			(7.9		)	—			172.8
Net income (loss)	$	292.0	$	102.3		$	1.5		$	—		$	395.8
Investment in unconsolidated affiliates	$	—	$	1,318.2		$	—		$	—		$	1,318.2
Total assets	$	8,266.2	$	1,461.2		$	129.2		$	(328.8	)	$	9,527.8
Capital expenditures	$	565.4	$	—		$	10.8		$	(6.9	)	$	569.3

2013	Electric Utility		Natural Gas Midstream Operations		Other Operations			Eliminations			Total
(In millions)
Operating revenues	$	2,262.2	$	630.4	$	—		$	(24.9	)	$	2,867.7
Cost of sales	965.9		489.0		—			(26.0		)	1,428.9
Other operation and maintenance	438.8		60.9		(10.5		)	—			489.2
Depreciation and amortization	248.4		36.8		12.1			—			297.3
Taxes other than income	83.8		10.5		4.5			—			98.8
Operating income (loss)	525.3		33.2		(6.1		)	1.1			553.5
Equity in earnings of unconsolidated affiliates	—		101.9		—			—			101.9
Other income (expense)	10.1		8.9		(2.3		)	(0.5		)	16.2
Interest expense	129.3		10.6		8.1			(0.5		)	147.5
Income tax expense (benefit)	113.5		26.9		(10.6		)	0.5			130.3
Net income (loss)	292.6		106.5		(5.9		)	0.6			393.8
Less: Net income attributable to noncontrolling interests	—		6.6		—			(0.4		)	6.2
Net income attributable to OGE Energy	$	292.6	$	99.9	$	(5.9	)	$	1.0		$	387.6
Investment in unconsolidated affiliates	$	—	$	1,298.8	$	—		$	—		$	1,298.8
Total assets	$	7,694.9	$	1,348.6	$	216.2		$	(125.0	)	$	9,134.7
Capital expenditures	$	797.6	$	181.5	$	11.5		$	—		$	990.6