XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
OPERATING REVENUES (Note 2) $ 783,531 $ 696,475
OPERATING EXPENSES    
Fuel and purchased power 265,269 198,227
Operations and maintenance 218,342 230,055
Depreciation and amortization 186,605 157,820
Taxes other than income taxes 57,998 59,483
Other expenses 825 3,356
Total 729,039 648,941
OPERATING INCOME 54,492 47,534
OTHER INCOME (DEDUCTIONS)    
Allowance for equity funds used during construction 9,747 9,207
Pension and other postretirement non-service credits - net 23,809 27,791
Other income (Note 9) 1,704 12,429
Other expense (Note 9) (3,422) (3,853)
Total 31,838 45,574
INTEREST EXPENSE    
Interest charges 65,389 61,938
Allowance for borrowed funds used during construction (4,482) (4,994)
Total 60,907 56,944
INCOME BEFORE INCOME TAXES 25,423 36,164
INCOME TAXES 4,161 (4,350)
NET INCOME 21,262 40,514
Less: Comprehensive income attributable to noncontrolling interests 4,306 4,873
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 16,956 $ 35,641
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,102 112,829
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,295 113,093
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING    
Net income attributable to common shareholders - basic (in dollars per share) $ 0.15 $ 0.32
Net income attributable to common shareholders — diluted (in dollars per share) $ 0.15 $ 0.32