XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
OPERATING REVENUES (Note 2) $ 1,308,994 $ 1,121,703 $ 2,260,706 $ 2,066,658
OPERATING EXPENSES        
Fuel and purchased power 437,172 407,754 795,036 802,258
Operations and maintenance 272,266 277,238 529,844 527,318
Depreciation and amortization 225,017 195,101 435,311 387,007
Taxes other than income taxes 58,651 57,642 117,815 114,780
Other expense 2,141 688 2,161 1,298
Total 995,247 938,423 1,880,167 1,832,661
OPERATING INCOME 313,747 183,280 380,539 233,997
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 8,910 13,034 19,202 28,095
Pension and other postretirement non-service credits - net (Note 5) 12,877 10,474 24,445 20,339
Other income (Note 9) 5,885 6,406 36,492 12,483
Other expense (Note 9) (3,032) (4,813) (10,599) (8,944)
Total 24,640 25,101 69,540 51,973
INTEREST EXPENSE        
Interest charges 108,891 93,832 208,665 181,951
Allowance for borrowed funds used during construction (11,036) (12,317) (24,177) (25,039)
Total 97,855 81,515 184,488 156,912
Income Before Income Taxes 240,532 126,866 265,591 129,058
Income Taxes 32,421 15,897 36,312 17,080
Net Income 208,111 110,969 229,279 111,978
Less: Net income attributable to noncontrolling interests (Note 6) 4,306 4,306 8,612 8,612
Net Income Attributable to Common Shareholders $ 203,805 $ 106,663 $ 220,667 $ 103,366
Weighted-average common shares outstanding - basic (in shares) 113,695 113,411 113,658 113,385
Weighted-average common shares outstanding - diluted (in shares) 115,803 113,717 115,015 113,657
Earnings Per Weighted-Average Common Share Outstanding        
Net income attributable to common shareholders - basic (in dollars per share) $ 1.79 $ 0.94 $ 1.94 $ 0.91
Net income attributable to common shareholders - diluted (in dollars per share) $ 1.76 $ 0.94 $ 1.92 $ 0.91