XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CONSOLIDATED STATEMENT OF INCOME (Unaudited) [Abstract]        
Operating Revenues $ 293,026 $ 316,478 $ 1,198,982 $ 1,183,591
Operation        
Purchased power 37,962 37,314 123,771 105,996
Natural gas purchased 30,814 37,343 322,296 315,520
Operation and maintenance 95,251 89,810 290,828 273,539
Transmission wholesale 25,802 28,659 65,777 65,994
Depreciation and amortization (Note F) 35,578 50,761 112,408 146,537
Taxes - other than income taxes (Note F) 32,897 32,389 102,974 96,335
Rate case disallowances 0 17,543 0 17,543
Acquisition-related expenses (Note A) 570 0 6,090 0
Total Operating Expenses 258,874 293,819 1,024,144 1,021,464
Operating Income 34,152 22,659 174,838 162,127
Other Income and (Deductions), net        
Acquisition-related bridge facility fees (Note A) (849) 0 (15,188) 0
Other income and (deductions) (Note F) 4,336 5,153 12,822 15,718
Total Other Income and (Deductions), net 3,487 5,153 (2,366) 15,718
Interest Charges, net        
Interest on long-term debt 22,386 21,896 67,286 65,272
Other interest, net 636 (106) 1,203 2,442
Interest charges, gross 23,022 21,790 68,489 67,714
Amortization of debt expense and redemption premiums 619 609 1,833 1,819
Total Interest Charges, net 23,641 22,399 70,322 69,533
Income from Equity Investments 3,492 3,930 10,398 11,590
Income Before Income Taxes 17,490 9,343 112,548 119,902
Income Taxes (Note E) 4,986 4,186 35,276 45,004
Net Income 12,504 5,157 77,272 74,898
Less: Preferred Stock Dividends of Subsidiary, Noncontrolling Interests 6 13 (21) 39
Net Income attributable to UIL Holdings $ 12,498 $ 5,144 $ 77,293 $ 74,859
Average Number of Common Shares Outstanding - Basic (in shares) 56,855 50,989 56,827 50,956
Average Number of Common Shares Outstanding - Diluted (in shares) 57,133 51,231 57,114 51,237
Earnings Per Share of Common Stock - Basic (Note A) (in dollars per share) $ 0.22 $ 0.10 $ 1.36 $ 1.47
Earnings Per Share of Common Stock - Diluted (Note A) (in dollars per share) $ 0.22 $ 0.10 $ 1.35 $ 1.46
Cash Dividends Declared per share of Common Stock (in dollars per share) $ 0.432 $ 0.432 $ 1.296 $ 1.296