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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Revenues $ 2,555,625 $ 2,380,654 $ 2,602,982
Expenses      
Total expenses 2,217,334 2,032,479 2,280,429
Operating income (loss)      
Operating income 338,291 348,175 322,553
Merger termination fee 0 90,000 0
Interest expense, net – other than on deposit liabilities and other bank borrowings (78,972) (75,803) (77,150)
Allowance for borrowed funds used during construction 4,778 3,144 2,457
Allowance for equity funds used during construction 12,483 8,325 6,928
Income before income taxes 276,580 373,841 254,788
Income taxes 109,393 123,695 93,021
Net income (loss) 167,187 250,146 161,767
Preferred stock dividends of subsidiaries 1,890 1,890 1,890
Net income for common stock $ 165,297 $ 248,256 $ 159,877
Basic earnings per common share (in dollars per share) $ 1.52 $ 2.30 $ 1.50
Diluted earnings per common share (in dollars per share) $ 1.52 $ 2.29 $ 1.50
Weighted-average number of common shares outstanding (in shares) 108,749 108,102 106,418
Net effect of potentially dilutive shares (in shares) 184 207 303
Weighted-average shares assuming dilution (in shares) 108,933 108,309 106,721
Electric utility      
Revenues      
Revenues $ 2,257,566 $ 2,094,368 $ 2,335,166
Expenses      
Total expenses 2,000,045 1,809,900 2,061,050
Operating income (loss)      
Operating income 257,521 284,468 274,116
Income before income taxes 205,145 229,113 217,131
Income taxes 83,199 84,801 79,422
Net income (loss) 121,946 144,312 137,709
Preferred stock dividends of subsidiaries 1,995 1,995 1,995
Net income for common stock 119,951 142,317 135,714
Bank      
Revenues      
Revenues 297,640 285,924 267,733
Expenses      
Total expenses 198,924 198,572 183,921
Operating income (loss)      
Operating income 98,716 87,352 83,812
Income before income taxes 98,716 87,352 83,812
Income taxes 31,719 30,073 29,082
Net income (loss) 66,997 57,279 54,730
Preferred stock dividends of subsidiaries 0 0 0
Net income for common stock 66,997 57,279 54,730
Other      
Revenues      
Revenues 419 362 83
Expenses      
Total expenses 18,365 24,007 35,458
Operating income (loss)      
Operating income (17,946) (23,645) (35,375)
Income before income taxes (27,281) 57,376 (46,155)
Income taxes (5,525) 8,821 (15,483)
Net income (loss) (21,756) 48,555 (30,672)
Preferred stock dividends of subsidiaries (105) (105) (105)
Net income for common stock $ (21,651) $ 48,660 $ (30,567)