XML 22 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Gross Margin      
Revenues $ 1,539,633 $ 1,427,232 $ 1,547,692
Cost of natural gas 614,501 541,797 705,959
Net margin 925,132 885,435 841,733
Operating expenses      
Operations and maintenance 416,542 417,142 414,476
Depreciation and amortization 151,889 143,829 133,023
General taxes 57,225 55,344 55,105
Total operating expenses 625,656 616,315 602,604
Operating income 299,476 269,120 239,129
Other income 4,217 1,447 263
Other expense (1,490) (1,490) (2,813)
Interest expense, net (46,065) (43,739) (44,570)
Income before income taxes 256,138 225,338 192,009
Income taxes (93,143) (85,243) (72,979)
Net income $ 162,995 $ 140,095 $ 119,030
Earnings per share      
Basic $ 3.10 $ 2.67 $ 2.26
Diluted $ 3.08 $ 2.65 $ 2.24
Average shares (thousands)      
Basic 52,527 52,453 52,578
Diluted 52,979 52,963 53,254
Dividends declared per share of stock $ 1.68 $ 1.40 $ 1.20