XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CONSOLIDATED STATEMENT OF INCOME (Unaudited) [Abstract]    
Operating Revenues $ 584,053us-gaap_Revenues $ 571,162us-gaap_Revenues
Operation    
Purchased power 97,102us-gaap_CostOfPurchasedPower 53,130us-gaap_CostOfPurchasedPower
Natural gas purchased 174,520us-gaap_CostOfNaturalGasPurchases 214,925us-gaap_CostOfNaturalGasPurchases
Operation and maintenance 101,347us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations 92,877us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations
Transmission wholesale 19,709us-gaap_CostOfTransmissionOther 20,911us-gaap_CostOfTransmissionOther
Depreciation and amortization (Note F) 43,284us-gaap_DepreciationAndAmortization 40,318us-gaap_DepreciationAndAmortization
Taxes - other than income taxes (Note F) 41,315us-gaap_TaxesOther 39,536us-gaap_TaxesOther
Merger and acquisition-related expenses (Note A) 6,702us-gaap_BusinessCombinationAcquisitionRelatedCosts 5,051us-gaap_BusinessCombinationAcquisitionRelatedCosts
Total Operating Expenses 483,979us-gaap_OperatingExpenses 466,748us-gaap_OperatingExpenses
Operating Income 100,074us-gaap_OperatingIncomeLoss 104,414us-gaap_OperatingIncomeLoss
Other Income and (Deductions), net    
Acquisition-related bridge facility fees (Note A) 0uil_BusinessAcquisitionRelatedBridgeFacilityFees (6,413)uil_BusinessAcquisitionRelatedBridgeFacilityFees
Other income and (deductions) (Note F) 4,368us-gaap_OtherNonoperatingIncomeExpense 3,862us-gaap_OtherNonoperatingIncomeExpense
Total Other Income and (Deductions), net 4,368us-gaap_NonoperatingIncomeExpense (2,551)us-gaap_NonoperatingIncomeExpense
Interest Charges, net    
Interest on long-term debt 22,225us-gaap_InterestExpenseDebt 22,452us-gaap_InterestExpenseDebt
Other interest, net 1,232us-gaap_InterestExpenseOther 175us-gaap_InterestExpenseOther
Interest charges, gross 23,457us-gaap_InterestExpense 22,627us-gaap_InterestExpense
Amortization of debt expense and redemption premiums 607us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts 607us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts
Total Interest Charges, net 24,064us-gaap_InterestAndDebtExpense 23,234us-gaap_InterestAndDebtExpense
Income from Equity Investments 2,936us-gaap_IncomeLossFromEquityMethodInvestments 3,386us-gaap_IncomeLossFromEquityMethodInvestments
Income Before Income Taxes 83,314us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 82,015us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income Taxes (Note E) 25,705us-gaap_IncomeTaxExpenseBenefit 26,550us-gaap_IncomeTaxExpenseBenefit
Net Income 57,609us-gaap_ProfitLoss 55,465us-gaap_ProfitLoss
Less: Preferred Stock Dividends of Subsidiary, Noncontrolling Interests 7us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable 13us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
Net Income attributable to UIL Holdings $ 57,602us-gaap_NetIncomeLoss $ 55,452us-gaap_NetIncomeLoss
Average Number of Common Shares Outstanding - Basic (in shares) 56,881us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 56,779us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average Number of Common Shares Outstanding - Diluted (in shares) 57,184us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 57,043us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Earnings Per Share of Common Stock - Basic (Note A) (in dollars per share) $ 1.01us-gaap_EarningsPerShareBasic $ 0.98us-gaap_EarningsPerShareBasic
Earnings Per Share of Common Stock - Diluted (Note A) (in dollars per share) $ 1.01us-gaap_EarningsPerShareDiluted $ 0.97us-gaap_EarningsPerShareDiluted
Cash Dividends Declared per share of Common Stock (in dollars per share) $ 0.432us-gaap_CommonStockDividendsPerShareDeclared $ 0.432us-gaap_CommonStockDividendsPerShareDeclared