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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Electric $ 921,093 $ 1,037,053 $ 1,011,595
Gas 270,916 268,599 245,652
Total Revenues 1,192,009 1,305,652 1,257,247
Operating Expenses      
Cost of sales 272,883 410,349 400,973
Operating, general and administrative 307,119 294,803 293,863
Property and other taxes 171,259 162,614 148,098
Depreciation and depletion 174,476 166,137 159,336
Total Operating Expenses 925,737 1,033,903 1,002,270
Operating Income 266,272 271,749 254,977
Interest Expense, net (91,988) (92,263) (94,970)
Other Income (Expense), net 3,966 (3,415) (3,482)
Income Before Income Taxes 178,250 176,071 156,525
Income Tax Benefit (Expense) 18,710 (13,368) 7,647
Net Income $ 196,960 $ 162,703 $ 164,172
Average Common Shares Outstanding 49,984,562 48,557,599 48,298,896
Basic Earnings per Average Common Share $ 3.94 $ 3.35 $ 3.40
Diluted Earnings per Average Common Share $ 3.92 $ 3.34 $ 3.39