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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
OPERATING REVENUES $ 238,782 $ 214,801 $ 685,903 $ 608,889
OPERATING EXPENSES        
Operation and maintenance 29,725 31,544 83,906 90,314
General and administrative 31,902 27,906 110,767 78,791
Depreciation and amortization 29,802 27,466 87,583 78,453
Taxes other than income taxes 16,728 14,721 49,492 44,186
Other operating (income) and expenses — net (197) (190) (542) (586)
Total operating expenses 107,960 101,447 331,206 291,158
OPERATING INCOME 130,822 113,354 354,697 317,731
OTHER EXPENSES (INCOME)        
Interest expense — net 44,062 38,924 123,527 116,918
Allowance for equity funds used during construction (8,290) (5,622) (25,315) (15,800)
Other income (786) (884) (824) (2,171)
Other expense 2,164 1,415 5,388 2,473
Total other expenses (income) 37,150 33,833 102,776 101,420
INCOME BEFORE INCOME TAXES 93,672 79,521 251,921 216,311
INCOME TAX PROVISION 34,688 28,338 95,352 76,691
NET INCOME $ 58,984 $ 51,183 $ 156,569 $ 139,620
Basic earnings per common share $ 1.12 $ 0.99 $ 2.99 $ 2.72
Diluted earnings per common share $ 1.12 $ 0.98 $ 2.96 $ 2.68
Dividends declared per common share $ 0.4250 $ 0.3775 $ 1.1800 $ 1.0825