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Business segment data (Tables)
12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Information on the Company's businesses
The information below follows the same accounting policies as described in the Summary of Significant Accounting Policies. Information on the Company's businesses as of December 31 and for the years then ended was as follows:

 
2012

2011

2010

 
(In thousands)
External operating revenues:
 
 
 
Electric
$
236,895

$
225,468

$
211,544

Natural gas distribution
754,848

907,400

892,708

Pipeline and energy services
139,883

210,846

254,776

 
1,131,626

1,343,714

1,359,028

Exploration and production
412,651

359,873

318,570

Construction materials and contracting
1,597,257

1,509,538

1,445,148

Construction services
932,013

834,918

786,802

Other
1,884

2,449

147

 
2,943,805

2,706,778

2,550,667

Total external operating revenues
$
4,075,431

$
4,050,492

$
3,909,695

 
 
 
 
Intersegment operating revenues:
 

 

 

Electric
$

$

$

Natural gas distribution



Pipeline and energy services
53,274

67,497

75,033

Exploration and production
35,966

93,713

115,784

Construction materials and contracting
20,168

472


Construction services
6,545

19,471

2,298

Other
8,486

8,997

7,580

Intersegment eliminations
(124,439
)
(190,150
)
(200,695
)
Total intersegment operating revenues
$

$

$

 
 
 
 
Depreciation, depletion and amortization:
 

 

 

Electric
$
32,509

$
32,177

$
27,274

Natural gas distribution
45,731

44,641

43,044

Pipeline and energy services
27,684

25,502

26,001

Exploration and production
160,681

142,645

130,455

Construction materials and contracting
79,527

85,459

88,331

Construction services
11,063

11,399

12,147

Other
2,010

1,572

1,591

Total depreciation, depletion and amortization
$
359,205

$
343,395

$
328,843

 
 
 
 
 
2012

2011

2010

 
(In thousands)
Interest expense:
 

 

 

Electric
$
12,421

$
13,745

$
12,216

Natural gas distribution
28,726

29,444

28,996

Pipeline and energy services
7,742

10,516

9,064

Exploration and production
9,018

7,445

8,580

Construction materials and contracting
15,211

16,241

19,859

Construction services
4,435

4,473

4,411

Other
13


47

Intersegment eliminations
(867
)
(510
)
(162
)
Total interest expense
$
76,699

$
81,354

$
83,011

 
 
 
 
Income taxes:
 

 

 

Electric
$
8,975

$
7,242

$
11,187

Natural gas distribution
12,005

16,931

12,171

Pipeline and energy services
15,291

12,912

13,933

Exploration and production
(108,264
)
46,298

49,034

Construction materials and contracting
14,099

11,227

13,822

Construction services
24,128

13,426

11,456

Other
2,620

2,238

10,927

Total income taxes
$
(31,146
)
$
110,274

$
122,530

 
 
 
 
Earnings (loss) on common stock:
 

 

 

Electric
$
30,634

$
29,258

$
28,908

Natural gas distribution
29,409

38,398

36,944

Pipeline and energy services
26,588

23,082

23,208

Exploration and production
(177,283
)
80,282

85,638

Construction materials and contracting
32,420

26,430

29,609

Construction services
38,429

21,627

17,982

Other
4,797

6,190

21,046

Earnings (loss) on common stock before income (loss) from discontinued operations
(15,006
)
225,267

243,335

Income (loss) from discontinued operations, net of tax*
13,567

(12,926
)
(3,361
)
Total earnings (loss) on common stock
$
(1,439
)
$
212,341

$
239,974

 
 
 
 
Capital expenditures:
 

 

 

Electric
$
112,035

$
52,072

$
85,787

Natural gas distribution
130,178

70,624

75,365

Pipeline and energy services
133,787

45,556

14,255

Exploration and production
554,528

272,855

355,845

Construction materials and contracting
45,083

52,303

25,724

Construction services
14,835

9,711

14,849

Other
791

18,759

2,182

Net proceeds from sale or disposition of property and other
(57,460
)
(40,857
)
(78,761
)
Total net capital expenditures
$
933,777

$
481,023

$
495,246

 
 
 
 
Assets:
 

 

 

Electric**
$
760,324

$
672,940

$
643,636

Natural gas distribution**
1,703,459

1,679,091

1,632,012

Pipeline and energy services
622,470

526,797

523,075

Exploration and production
1,539,017

1,481,556

1,342,808

Construction materials and contracting
1,371,252

1,374,026

1,382,836

Construction services
429,547

418,519

387,627

Other***
256,422

403,196

391,555

Total assets
$
6,682,491

$
6,556,125

$
6,303,549

 
 
 
 
 
2012

2011

2010

 
(In thousands)
Property, plant and equipment:
 

 

 

Electric**
$
1,150,584

$
1,068,524

$
1,027,034

Natural gas distribution**
1,689,950

1,568,866

1,508,845

Pipeline and energy services
816,533

719,291

683,807

Exploration and production
2,764,560

2,615,146

2,356,938

Construction materials and contracting
1,504,981

1,499,852

1,486,375

Construction services
130,624

124,796

122,940

Other
50,519

49,747

32,564

Less accumulated depreciation, depletion and amortization
3,608,912

3,361,208

3,103,323

Net property, plant and equipment
$
4,498,839

$
4,285,014

$
4,115,180

    * Reflected in the Other category.
  ** Includes allocations of common utility property.
*** Includes assets not directly assignable to a business (i.e. cash and cash equivalents, certain accounts receivable, certain investments and other miscellaneous current and deferred assets).
Note: The results reflect $391.8 million ($246.8 million after tax) of noncash write-downs of oil and natural gas properties in 2012.