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Consolidated Statements of Income (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
Revenues        
Total revenues $ 867,096 $ 829,168 $ 2,449,502 $ 2,405,967
Expenses        
Total expenses 775,994 741,130 2,187,819 2,168,897
Operating income (loss)        
Total operating income 91,102 88,038 261,683 237,070
Interest expense, net—other than on deposit liabilities and other bank borrowings (19,170) (19,043) (58,648) (56,216)
Allowance for borrowed funds used during construction 740 498 1,877 1,626
Allowance for equity funds used during construction 1,937 1,255 4,933 4,030
Income before income taxes 74,609 70,748 209,845 186,510
Income taxes 26,323 22,041 73,265 62,590
Net income 48,286 48,707 136,580 123,920
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 47,815 48,236 135,163 122,503
Basic earnings per common share (in dollars per share) $ 0.47 $ 0.49 $ 1.33 $ 1.24
Diluted earnings per common share (in dollars per share) $ 0.46 $ 0.48 $ 1.32 $ 1.23
Dividends per common share (in dollars per share) $ 0.31 $ 0.31 $ 0.93 $ 0.93
Weighted-average number of common shares outstanding (in shares) 102,416 99,204 101,768 98,670
Net effect of potentially dilutive shares (in shares) 610 614 710 620
Adjusted weighted-average shares (in shares) 103,026 99,818 102,478 99,290
Electric utility
       
Revenues        
Total revenues 803,565 764,054 2,262,056 2,210,020
Expenses        
Total expenses 727,409 694,201 2,045,166 2,030,071
Operating income (loss)        
Total operating income 76,156 69,853 216,890 179,949
Income before income taxes 62,419 56,573 174,711 141,645
Income taxes 23,042 18,258 64,686 49,210
Net income 39,377 38,315 110,025 92,435
Preferred stock dividends of subsidiaries 498 498 1,496 1,496
Net income for common stock 38,879 37,817 108,529 90,939
Bank
       
Revenues        
Total revenues 63,536 65,058 187,771 195,841
Expenses        
Total expenses 43,964 42,223 129,528 126,550
Operating income (loss)        
Total operating income 19,572 22,835 58,243 69,291
Income before income taxes 19,572 22,808 58,244 69,265
Income taxes 6,312 7,532 18,769 23,915
Net income 13,260 15,276 39,475 45,350
Net income for common stock 13,260 15,276 39,475 45,350
Other
       
Revenues        
Total revenues (5) 56 (325) 106
Expenses        
Total expenses 4,621 4,706 13,125 12,276
Operating income (loss)        
Total operating income (4,626) (4,650) (13,450) (12,170)
Income before income taxes (7,382) (8,633) (23,110) (24,400)
Income taxes (3,031) (3,749) (10,190) (10,535)
Net income (4,351) (4,884) (12,920) (13,865)
Preferred stock dividends of subsidiaries (27) (27) (79) (79)
Net income for common stock $ (4,324) $ (4,857) $ (12,841) $ (13,786)