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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues:        
Operating revenues: $ 1,272,548 $ 1,208,567 $ 3,278,112 $ 3,112,730
Operating expenses:        
Operation and maintenance: 972,909 920,540 2,351,053 2,237,486
Electric fuel and purchased power 18,906 16,800 57,544 54,725
Purchased natural gas sold 33,319 34,321 283,936 242,795
Depreciation, depletion and amortization 52,155 54,094 155,138 163,226
Taxes, other than income 38,882 36,128 127,273 116,864
Total operating expenses 1,116,171 1,061,883 2,974,944 2,815,096
Operating income 156,377 146,684 303,168 297,634
Other income 1,011 1,741 2,809 3,662
Interest expense 20,909 22,278 61,978 67,365
Income before income taxes 136,479 126,147 243,999 233,931
Income taxes 46,930 37,761 74,406 67,381
Income from continuing operations 89,549 88,386 169,593 166,550
Loss from discontinued operations, net of tax (Note 8) [1] (2,198) (5,400) (3,702) (299,538)
Net income (loss) 87,351 82,986 165,891 (132,988)
Loss from discontinued operations attributable to noncontrolling interest (Note 8) 0 0 0 (131,691)
Loss on redemption of preferred stocks 0 0 600 0
Dividends declared on preferred stocks 0 171 171 514
Earnings (loss) on common stock $ 87,351 $ 82,815 $ 165,120 $ (1,811)
Earnings (loss) per common share - basic:        
Earnings before discontinued operations $ 0.46 $ 0.45 $ 0.86 $ 0.85
Discontinued operations attributable to the Company, net of tax (0.01) (0.03) (0.01) (0.86)
Earnings (loss) per common share - basic 0.45 0.42 0.85 (0.01)
Earnings (loss) per common share - diluted:        
Earnings before discontinued operations 0.46 0.45 0.86 0.85
Discontinued operations attributable to the Company, net of tax (0.01) (0.03) (0.02) (0.86)
Earnings (loss) per common share - diluted 0.45 0.42 0.84 (0.01)
Dividends declared per common share $ 0.1925 $ 0.1875 $ 0.5775 $ 0.5625
Weighted average common shares outstanding - basic 195,304 195,304 195,304 195,298
Weighted average common shares outstanding - diluted 195,783 195,811 195,922 195,794
Regulated operations [Member]        
Operating revenues:        
Operating revenues: $ 206,936 $ 192,079 $ 866,035 $ 783,997
Operating expenses:        
Operation and maintenance: 79,293 77,662 235,306 229,364
Nonregulated operations [Member]        
Operating revenues:        
Operating revenues: 1,065,612 1,016,488 2,412,077 2,328,733
Operating expenses:        
Operation and maintenance: $ 893,616 $ 842,878 $ 2,115,747 $ 2,008,122
[1] Includes eliminations for the presentation of income tax adjustments between continuing and discontinued operations.