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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Revenues $ 2,602,982 $ 3,239,542 $ 3,238,470
Expenses      
Total expenses 2,280,429 2,906,942 2,920,962
Operating income (loss)      
Operating income 322,553 332,600 317,508
Interest expense, net – other than on deposit liabilities and other bank borrowings (77,150) (76,352) (75,479)
Allowance for borrowed funds used during construction 2,457 2,579 2,246
Allowance for equity funds used during construction 6,928 6,771 5,561
Income before income taxes 254,788 265,598 249,836
Income taxes 93,021 95,579 86,237
Net income (loss) 161,767 170,019 163,599
Preferred stock dividends of subsidiaries 1,890 1,890 1,890
Net income for common stock $ 159,877 $ 168,129 $ 161,709
Basic earnings per common share (in dollars per share) $ 1.50 $ 1.65 $ 1.63
Diluted earnings per common share (in dollars per share) 1.50 1.63 1.62
Dividends per common share (in dollars per share) $ 1.24 $ 1.24 $ 1.24
Weighted-average number of common shares outstanding (in shares) 106,418 101,968 98,968
Net effect of potentially dilutive shares (in shares) 303 969 655
Adjusted weighted-average shares (in shares) 106,721 102,937 99,623
Electric utility      
Revenues      
Revenues $ 2,335,166 $ 2,987,323 $ 2,980,172
Expenses      
Total expenses 2,061,050 2,711,555 2,734,659
Operating income (loss)      
Operating income 274,116 275,768 245,513
Income before income taxes 217,131 220,361 194,041
Income taxes 79,422 80,725 69,117
Net income (loss) 137,709 139,636 124,924
Preferred stock dividends of subsidiaries 1,995 1,995 1,995
Net income for common stock 135,714 137,641 122,929
Bank      
Revenues      
Revenues 267,733 252,497 258,147
Expenses      
Total expenses 183,921 173,202 169,001
Operating income (loss)      
Operating income 83,812 79,295 89,146
Income before income taxes 83,812 79,295 89,148
Income taxes 29,082 27,994 31,421
Net income (loss) 54,730 51,301 57,727
Preferred stock dividends of subsidiaries 0 0 0
Net income for common stock 54,730 51,301 57,727
Other      
Revenues      
Revenues 83 (278) 151
Expenses      
Total expenses 35,458 22,185 17,302
Operating income (loss)      
Operating income (35,375) (22,463) (17,151)
Income before income taxes (46,155) (34,058) (33,353)
Income taxes (15,483) (13,140) (14,301)
Net income (loss) (30,672) (20,918) (19,052)
Preferred stock dividends of subsidiaries (105) (105) (105)
Net income for common stock $ (30,567) $ (20,813) $ (18,947)