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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Electric $ 981,178 $ 921,093 $ 1,037,053
Gas 276,732 270,916 268,599
Total Revenues 1,257,910 1,192,009 1,305,652
Operating Expenses      
Cost of sales 318,020 272,883 410,349
Operating, general and administrative 318,229 307,119 294,803
Property and other taxes 171,888 171,259 162,614
Depreciation and depletion 172,923 174,476 166,137
Total Operating Expenses 981,060 925,737 1,033,903
Operating Income 276,850 266,272 271,749
Interest Expense, net (95,068) (91,988) (92,263)
Other Income (Expense), net 413 3,966 (3,415)
Income Before Income Taxes 182,195 178,250 176,071
Income Tax Benefit (Expense) 19,925 18,710 (13,368)
Net Income $ 202,120 $ 196,960 $ 162,703
Average Common Shares Outstanding 50,428,560 49,984,562 48,557,599
Basic Earnings per Average Common Share $ 4.01 $ 3.94 $ 3.35
Diluted Earnings per Average Common Share $ 3.98 $ 3.92 $ 3.34