XML 70 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenues      
Electric $ 8,517,296 $ 8,766,593 $ 8,451,845
Natural gas 1,537,374 1,811,926 1,782,582
Other 73,553 76,251 76,520
Total operating revenues 10,128,223 10,654,770 10,310,947
Operating expenses      
Electric fuel and purchased power 3,623,935 3,991,786 4,010,660
Cost of natural gas sold and transported 880,939 1,163,890 1,162,926
Cost of sales - other 29,067 30,391 29,540
Operating and maintenance expenses 2,176,095 2,140,289 2,057,249
Conservation and demand side management program expenses 260,527 281,378 239,827
Depreciation and amortization 926,053 890,619 858,882
Taxes (other than income taxes) 408,924 374,815 331,894
Total operating expenses 8,305,540 8,873,168 8,690,978
Operating income 1,822,683 1,781,602 1,619,969
Other income, net 6,175 9,255 31,143
Equity earnings of unconsolidated subsidiaries 29,971 30,527 29,948
Allowance for funds used during construction - equity 62,840 51,223 56,152
Interest charges and financing costs      
Interest charges - includes other financing costs of $24,087, $24,019, and $20,638, respectively 601,582 591,098 577,291
Allowance for funds used during construction - debt (35,315) (28,181) (28,670)
Total interest charges and financing costs 566,267 562,917 548,621
Income from continuing operations before income taxes 1,355,402 1,309,690 1,188,591
Income taxes 450,203 468,316 436,635
Income from continuing operations 905,199 841,374 751,956
Income (loss) from discontinued operations, net of tax 30 (202) 3,878
Net income 905,229 841,172 755,834
Dividend requirements on preferred stock 0 3,534 4,241
Premium on redemption of preferred stock 0 3,260 0
Earnings available to common shareholders $ 905,229 $ 834,378 $ 751,593
Weighted average common shares outstanding:      
Basic (in shares) 487,899 485,039 462,052
Diluted (in shares) 488,434 485,615 463,391
Earnings per average common share - basic:      
Income from continuing operations (in dollars per share) $ 1.86 $ 1.72 $ 1.62
Income from discontinued operations (in dollars per share) $ 0 $ 0 $ 0.01
Earnings per share (in dollars per share) $ 1.86 $ 1.72 $ 1.63
Earnings per average common share - diluted:      
Income from continuing operations (in dollars per share) $ 1.85 $ 1.72 $ 1.61
Income from discontinued operations (in dollars per share) $ 0 $ 0 $ 0.01
Earnings per share (in dollars per share) $ 1.85 $ 1.72 $ 1.62
Cash dividends declared per common share (in dollars per share) $ 1.07 $ 1.03 $ 1.00