Business Segments (Tables)

9 Months Ended

Jul. 31, 2014

Operations by segment for the three months and nine months ended July 31, 2014 and 2013 are presented below.



In thousands	Regulated Utility						Non-utility Activities						Total
	2014			2013			2014			2013			2014			2013
Three Months
Revenues from external customers	$	164,187		$	162,943		$	—		$	—		$	164,187		$	162,943
Margin	104,847			97,000			—			—			104,847			97,000
Operations and maintenance expenses	68,605			62,950			56			35			68,661			62,985
Income from equity method investments	—			—			5,043			3,652			5,043			3,652
Operating loss before income taxes	(3,070		)	(2,856		)	(126		)	(117		)	(3,196		)	(2,973		)
Income (loss) before income taxes	(16,867		)	(8,673		)	4,917			3,536			(11,950		)	(5,137		)
Nine Months
Revenues from external customers	$	1,284,167		$	1,078,229		$	—		$	—		$	1,284,167		$	1,078,229
Margin	577,882			512,480			—			—			577,882			512,480
Operations and maintenance expenses	199,437			183,869			102			155			199,539			184,024
Income from equity method investments	—			—			29,345			23,244			29,345			23,244
Operating income (loss) before income taxes	262,540			219,540			(260		)	(322		)	262,280			219,218
Income before income taxes	223,401			205,882			29,085			22,922			252,486			228,804

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Reconciliations to the Condensed Consolidated Statements of Operations and Comprehensive Income for the three months and nine months ended July 31, 2014 and 2013 are presented below.



In thousands	Three Months						Nine Months
	2014			2013			2014			2013
Operating Income (Loss):
Segment operating income (loss) before income taxes	$	(3,196	)	$	(2,973	)	$	262,280		$	219,218
Utility income taxes	6,324			3,447			(89,668		)	(81,232		)
Non-utility activities before income taxes	126			117			260			322
Operating income	$	3,254		$	591		$	172,872		$	138,308

Net Income (Loss):
Income (loss) before income taxes for reportable segments	$	(11,950	)	$	(5,137	)	$	252,486		$	228,804
Income taxes	4,606			2,844			(99,718		)	(89,384		)
Net income (loss)	$	(7,344	)	$	(2,293	)	$	152,768		$	139,420

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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