Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information

Segment Information

Note 11– Segment Information

We operate our business as three segments:  electric, gas and other. As part of our electric segment, we also provide water service to three towns in Missouri. The other segment consists of our fiber optics business.

The tables below present statement of income information, balance sheet information and capital expenditures of our business segments.

	For the quarter ended June 30, 2013
($-000’s)	Electric		Gas			Other		Eliminations			Total
Statement of Income Information
Revenues	$	127,026	$	7,777		$	1,991	$	(148	)	$	136,646
Depreciation and amortization	16,205		927			503		—			17,635
Federal and state income taxes	6,948		(129		)	230		—			7,049
Operating income	19,994		744			372		—			21,110
Interest income	3		34			2		(29		)	10
Interest expense	9,557		976			—		(29		)	10,504
Income from AFUDC (debt and equity)	1,331		8			—		—			1,339
Net income	11,498		(214		)	374		—			11,658
Capital Expenditures	$	36,535	$	1,463		$	502				$	38,500

	For the quarter ended June 30, 2012
($-000’s)	Electric		Gas			Other		Eliminations			Total
Statement of Income Information
Revenues	$	124,091	$	5,804		$	1,885	$	(148	)	$	131,632
Depreciation and amortization	13,759		861			448		—			15,068
Federal and state income taxes	6,745		(238		)	253		—			6,760
Operating income	19,834		534			394		—			20,762
Interest income	118		95			1		(91		)	123
Interest expense	9,174		976			—		(91		)	10,059
Income from AFUDC (debt and equity)	170		1			—		—			171
Net income	10,691		(394		)	411		—			10,708
Capital Expenditures	$	33,745	$	844		$	594				$	35,183

	For the six months ended June 30, 2013
($-000’s)	Electric		Gas		Other		Eliminations			Total
Statement of Income Information
Revenues	$	255,788	$	28,270	$	4,024	$	(296	)	$	287,786
Depreciation and amortization	30,887		1,851		998		—			33,736
Federal and state income taxes	12,943		1,076		512		—			14,531
Operating income	38,509		3,639		820		—			42,968
Interest income	497		105		7		(92		)	517
Interest expense	18,893		1,953		—		(92		)	20,754
Income from AFUDC (debt and equity)	2,161		9		—		—			2,170
Net income	21,721		1,735		831		—			24,287
Capital Expenditures	$	73,070	$	2,196	$	942				$	76,208

	For the six months ended June 30, 2012
($-000’s)	Electric		Gas		Other		Eliminations			Total
Statement of Income Information
Revenues	$	243,817	$	21,487	$	3,768	$	(296	)	$	268,776
Depreciation and amortization	27,329		1,780		894		—			30,003
Federal and state income taxes	11,932		459		568		—			12,959
Operating income	38,078		2,588		907		—			41,573
Interest income	288		166		1		(153		)	302
Interest expense	19,202		1,953		—		(153		)	21,002
Income from AFUDC (debt and equity)	268		2		—		—			270
Net income	18,864		725		923		—			20,512
Capital Expenditures	$	66,863	$	1,569	$	1,538				$	69,970

	For the twelve months ended June 30, 2013
($-000’s)	Electric		Gas		Other		Eliminations			Total
Statement of Income Information
Revenues	$	522,624	$	46,632	$	7,443	$	(592	)	$	576,107
Depreciation and amortization	58,869		3,669		1,642		—			64,180
Federal and state income taxes	33,277		1,406		1,047		—			35,730
Operating income	89,876		6,055		1,684		—			97,615
Interest income	1,155		262		13		(243		)	1,187
Interest expense	37,558		3,905		—		(243		)	41,220
Income from AFUDC (debt and equity)	3,811		18		—		—			3,829
Net income	55,487		2,267		1,702		—			59,456
Capital Expenditures	$	149,619	$	4,198	$	2,003				$	155,820

	For the twelve months ended June 30, 2012
($-000’s)	Electric		Gas		Other		Eliminations			Total
Statement of Income Information
Revenues	$	519,403	$	39,625	$	7,389	$	(592	)	$	565,825
Depreciation and amortization	53,956		3,530		1,832		—			59,318
Federal and state income taxes	32,602		766		1,065		—			34,433
Operating income	90,596		4,980		1,949		—			97,525
Interest income	805		296		1		(283		)	819
Interest expense	39,243		3,909		4		(283		)	42,873
Income from AFUDC (debt and equity)	626		4		—		—			630
Net Income	51,441		1,215		1,731		—			54,387
Capital Expenditures	$	110,478	$	4,657	$	3,646				$	118,781

	As of June 30, 2013
($-000’s)	Electric		Gas(1)		Other		Elimination			Total
Balance Sheet Information
Total assets	$	2,082,513	$	150,733	$	29,494	$	(94,103	)	$	2,168,637

(1) Includes goodwill of $39,492.

	As of December 31, 2012
($-000’s)	Electric		Gas(1)		Other		Elimination			Total
Balance Sheet Information
Total assets	$	2,034,399	$	148,814	$	28,871	$	(85,715	)	$	2,126,369

(1) Includes goodwill of $39,492.