XML 24 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
OPERATING REVENUES (Note 2) $ 4,695,991 $ 4,324,385 $ 3,803,835
OPERATING EXPENSES      
Fuel and purchased power 1,792,657 1,629,343 1,152,551
Operations and maintenance 1,058,725 987,072 954,067
Depreciation and amortization 794,043 753,195 650,875
Taxes other than income taxes 224,013 220,370 234,639
Other expenses 1,913 2,494 6,393
Total 3,871,351 3,592,474 2,998,525
OPERATING INCOME 824,640 731,911 805,310
OTHER INCOME (DEDUCTIONS)      
Allowance for equity funds used during construction (Note 1) 53,118 45,263 41,737
Pension and other postretirement non-service credits, net (Note 7) 40,648 98,487 112,541
Other income (Note 16) 33,666 7,916 45,100
Other expense (Note 16) (25,056) (52,385) (25,396)
Total 102,376 99,281 173,982
INTEREST EXPENSE      
Interest charges 374,887 283,569 254,314
Allowance for borrowed funds used during construction (Note 1) (43,564) (28,030) (21,052)
Total 331,323 255,539 233,262
INCOME BEFORE INCOME TAXES 595,693 575,653 746,030
INCOME TAXES (Note 4) 76,912 74,827 110,086
NET INCOME 518,781 500,826 635,944
Less: Net income attributable to noncontrolling interests (Note 17) 17,224 17,224 17,224
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 501,557 $ 483,602 $ 618,720
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,442 113,196 112,910
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,804 113,416 113,192
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING      
Net income attributable to common shareholders - basic (in dollars per share) $ 4.42 $ 4.27 $ 5.48
Net income attributable to common shareholders — diluted (in dollars per share) $ 4.41 $ 4.26 $ 5.47