XML 21 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023   113,537,689        
Beginning balance at Dec. 31, 2023 $ 6,284,862 $ 2,752,676 $ (8,185) $ 3,466,317 $ (33,144) $ 107,198
Beginning balance (in shares) at Dec. 31, 2023     (113,272)      
Increase (Decrease) in Shareholders' Equity            
Net income 628,551     615,633   12,918
Other comprehensive income 330       330  
Dividends on common stock (199,868)     (199,868)    
Issuance of common stock (in shares) [1]   198,237        
Issuance of common stock [1] 21,829 $ 21,829        
Purchase of treasury stock (in shares) [2]     (71,008)      
Purchase of treasury stock [2] (4,907)   $ (4,907)      
Reissuance of treasury stock for stock-based compensation and other (in shares)     82,639      
Reissuance of treasury stock for stock-based compensation and other 5,900   $ 5,900      
Capital activities by noncontrolling interests (10,628)         (10,628)
Other 1   1 (1)   1
Ending balance (in shares) at Sep. 30, 2024   113,735,926        
Ending balance at Sep. 30, 2024 6,726,070 $ 2,774,505 $ (7,191) 3,882,081 (32,814) 109,489
Ending balance (in shares) at Sep. 30, 2024     (101,641)      
Beginning balance (in shares) at Jun. 30, 2024   113,711,763        
Beginning balance at Jun. 30, 2024 6,316,322 $ 2,764,511 $ (7,191) 3,487,113 (33,294) 105,183
Beginning balance (in shares) at Jun. 30, 2024     (101,641)      
Increase (Decrease) in Shareholders' Equity            
Net income 399,272     394,966   4,306
Other comprehensive income 480       480  
Issuance of common stock (in shares) [3]   24,163        
Issuance of common stock [3] 9,994 $ 9,994        
Other 2     2    
Ending balance (in shares) at Sep. 30, 2024   113,735,926        
Ending balance at Sep. 30, 2024 $ 6,726,070 $ 2,774,505 $ (7,191) 3,882,081 (32,814) 109,489
Ending balance (in shares) at Sep. 30, 2024     (101,641)      
Beginning balance (in shares) at Dec. 31, 2024 119,143,782 119,143,782        
Beginning balance at Dec. 31, 2024 $ 6,857,478 $ 3,121,617 $ (3,323) 3,666,959 (30,942) 103,167
Beginning balance (in shares) at Dec. 31, 2024 (46,968)   (46,968)      
Increase (Decrease) in Shareholders' Equity            
Net income $ 614,046     601,128   12,918
Other comprehensive income 851       851  
Dividends on common stock (213,731)     (213,731)    
Issuance of common stock (in shares) [4]   592,743        
Issuance of common stock [4] 25,452 $ 25,452        
Issuance of common stock 198,176          
Capital activities by noncontrolling interests (13,370)         (13,370)
Deconsolidation of noncontrolling interests [5] (59,633)         (59,633)
Other $ 0     (1)   1
Ending balance (in shares) at Sep. 30, 2025 119,736,525 119,736,525        
Ending balance at Sep. 30, 2025 $ 7,211,093 $ 3,147,069 $ (3,323) 4,054,355 (30,091) 43,083
Ending balance (in shares) at Sep. 30, 2025 (46,968)   (46,968)      
Beginning balance (in shares) at Jun. 30, 2025   119,472,939        
Beginning balance at Jun. 30, 2025 $ 6,827,940 $ 3,119,404 $ (3,323) 3,641,148 (30,441) 101,152
Beginning balance (in shares) at Jun. 30, 2025     (46,968)      
Increase (Decrease) in Shareholders' Equity            
Net income 417,514     413,208   4,306
Other comprehensive income 350       350  
Issuance of common stock (in shares) [6]   263,586        
Issuance of common stock [6] 27,665 $ 27,665        
Capital activities by noncontrolling interests (2,742)         (2,742)
Deconsolidation of noncontrolling interests [7] (59,633) [8]         (59,633)
Other $ (1)     (1)    
Ending balance (in shares) at Sep. 30, 2025 119,736,525 119,736,525        
Ending balance at Sep. 30, 2025 $ 7,211,093 $ 3,147,069 $ (3,323) $ 4,054,355 $ (30,091) $ 43,083
Ending balance (in shares) at Sep. 30, 2025 (46,968)   (46,968)      
[1] See Note 12 for information related to our equity forward sale agreements.
[2] Primarily represents shares of common stock withheld from certain stock awards for tax purposes.
[3] See Note 12 for information related to our equity forward sale agreements.
[4] See Note 12 for information related to our equity forward sale agreements.
[5] See Note 8 for information related to the Palo Verde sale leaseback purchases.
[6] See Note 12 for information related to our equity forward sale agreements.
[7] See Note 8 for information related to the Palo Verde sale leaseback purchases.
[8] See Note 8 for information related to the Palo Verde sale leaseback purchases.