Segment financial information (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of segment financial information

Segment financial information was as follows:


(in thousands)	Electric utility		Bank		Other		Total
2021
Revenues from external customers	$	2,539,589	$	306,398	$	4,392	$	2,850,379
Intersegment revenues (eliminations)	47		—		(47)		—
Revenues	2,539,636		306,398		4,345		2,850,379
Depreciation and amortization	251,206		21,124		6,372		278,702
Interest expense, net	72,447		5,040		21,916		99,403
Income (loss) before income taxes	223,785		130,559		(43,481)		310,863
Income taxes (benefit)	44,148		29,325		(10,666)		62,807
Net income (loss)	179,637		101,234		(32,815)		248,056
Preferred stock dividends of subsidiaries	1,995		—		(105)		1,890
Net income (loss) for common stock	177,642		101,234		(32,710)		246,166
Capital expenditures1	292,000		11,131		11,393		314,524
Assets (at December 31, 2021)	6,491,625		9,181,603		149,409		15,822,637
2020
Revenues from external customers	$	2,265,281	$	313,511	$	983	$	2,579,775
Intersegment revenues (eliminations)	39		—		(39)		—
Revenues	2,265,320		313,511		944		2,579,775
Depreciation and amortization	256,479		29,349		4,950		290,778
Interest expense, net	67,794		11,114		20,900		99,808
Income (loss) before income taxes	211,753		69,271		(40,400)		240,624
Income taxes (benefit)	40,418		11,688		(11,196)		40,910
Net income (loss)	171,335		57,583		(29,204)		199,714
Preferred stock dividends of subsidiaries	1,995		—		(105)		1,890
Net income (loss) for common stock	169,340		57,583		(29,099)		197,824
Capital expenditures1	350,864		12,203		20,828		383,895
Assets (at December 31, 2020)	6,457,373		8,396,533		150,101		15,004,007
2019
Revenues from external customers	$	2,545,865	$	327,917	$	166	$	2,873,948
Intersegment revenues (eliminations)	77		—		(77)		—
Revenues	2,545,942		327,917		89		2,873,948
Depreciation and amortization	245,362		28,675		4,076		278,113
Interest expense, net	70,842		18,440		20,057		109,339
Income (loss) before income taxes	197,140		112,034		(37,765)		271,409
Income taxes (benefit)	38,305		23,061		(9,729)		51,637
Net income (loss)	158,835		88,973		(28,036)		219,772
Preferred stock dividends of subsidiaries	1,995		—		(105)		1,890
Net income (loss) for common stock	156,840		88,973		(27,931)		217,882
Capital expenditures1	419,898		24,175		13,447		457,520
Assets (at December 31, 2019)	6,388,682		7,233,017		123,552		13,745,251

1 Contributions in aid of construction balances are included in capital expenditures.