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QUARTERLY FINANCIAL INFORMATION (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Quarterly Financial Information (Unaudited)

In November 2014, we sold IES's retail energy business to Exelon Generation Company, LLC. See Note 4, Dispositions, for more information. Due to the sale, certain previously reported amounts have been retrospectively adjusted as IES's retail energy business has been reclassified to discontinued operations for all periods presented.
Amounts reflecting IES's retail energy business in discontinued operations
 
 
 
 
 
 
 
 
 
 
(Millions, except per share amounts)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
1,638.0

 
$
836.8

 
$
657.1

 
$
1,012.3

 
$
4,144.2

Operating income
 
232.3

 
23.2

 
134.6

 
116.9

 
507.0

Net income from continuing operations
 
140.2

 
8.8

 
75.3

 
53.8

 
278.1

Net income
 
153.1

 
8.0

 
84.0

 
34.8

 
279.9

Net income attributed to common shareholders
 
152.4

 
7.2

 
83.3

 
34.0

 
276.9

Earnings per common share (basic) *
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
$
1.74

 
$
0.10

 
$
0.93

 
$
0.66

 
$
3.43

Discontinued operations, net of tax
 
0.16

 
(0.01
)
 
0.11

 
(0.24
)
 
0.02

Earnings per common share (basic)
 
1.90

 
0.09

 
1.04

 
0.42

 
3.45

Earnings per common share (diluted) *
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
1.73

 
0.10

 
0.91

 
0.66

 
3.41

Discontinued operations, net of tax
 
0.16

 
(0.01
)
 
0.11

 
(0.24
)
 
0.02

Earnings per common share (diluted)
 
1.89

 
0.09

 
1.02

 
0.42

 
3.43

 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
1,136.4

 
$
708.1

 
$
622.2

 
$
1,018.8

 
$
3,485.5

Operating income
 
211.8

 
56.1

 
41.5

 
130.1

 
439.5

Net income from continuing operations
 
129.6

 
36.8

 
26.9

 
74.2

 
267.5

Net income (loss)
 
188.3

 
(4.7
)
 
38.8

 
132.4

 
354.8

Net income (loss) attributed to common shareholders
 
187.5

 
(5.4
)
 
38.1

 
131.6

 
351.8

Earnings (loss) per common share (basic) *
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
$
1.64

 
$
0.45

 
$
0.33

 
$
0.91

 
$
3.33

Discontinued operations, net of tax
 
0.74

 
(0.52
)
 
0.15

 
0.73

 
1.10

Earnings (loss) per common share (basic)
 
2.38

 
(0.07
)
 
0.48

 
1.64

 
4.43

Earnings (loss) per common share (diluted) *
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
1.63

 
0.45

 
0.32

 
0.91

 
3.30

Discontinued operations, net of tax
 
0.74

 
(0.52
)
 
0.15

 
0.72

 
1.09

Earnings (loss) per common share (diluted)
 
2.37

 
(0.07
)
 
0.47

 
1.63

 
4.39


*
Earnings per share for the individual quarters do not total the year ended earnings per share amount because of changes to the average number of shares outstanding and changes in incremental issuable shares throughout the year.
Previously reported amounts reflecting IES's retail energy business in continuing operations
 
 
 
 
 
 
 
 
 
 
(Millions, except per share amounts)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
2,924.9

 
$
1,432.6

 
$
1,187.9

 
N/A

 
N/A

Operating income
 
253.2

 
26.1

 
146.9

 
N/A

 
N/A

Net income from continuing operations
 
153.2

 
8.1

 
82.9

 
N/A

 
N/A

Net income
 
153.1

 
8.0

 
84.0

 
N/A

 
N/A

Net income attributed to common shareholders
 
152.4

 
7.2

 
83.3

 
N/A

 
N/A

Earnings per common share (basic) *
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
$
1.90

 
$
0.09

 
$
1.03

 
N/A

 
N/A

Discontinued operations, net of tax
 
—

 
—

 
0.01

 
N/A

 
N/A

Earnings per common share (basic)
 
1.90

 
0.09

 
1.04

 
N/A

 
N/A

Earnings per common share (diluted) *
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
1.89

 
0.09

 
1.01

 
N/A

 
N/A

Discontinued operations, net of tax
 
—

 
—

 
0.01

 
N/A

 
N/A

Earnings per common share (diluted)
 
1.89

 
0.09

 
1.02

 
N/A

 
N/A

 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
1,678.2

 
$
1,116.0

 
$
1,129.7

 
$
1,710.7

 
$
5,634.6

Operating income (loss)
 
293.1

 
(6.9
)
 
55.3

 
226.2

 
567.7

Net income (loss) from continuing operations
 
182.2

 
(3.9
)
 
39.4

 
132.3

 
350.0

Net income (loss)
 
188.3

 
(4.7
)
 
38.8

 
132.4

 
354.8

Net income (loss) attributed to common shareholders
 
187.5

 
(5.4
)
 
38.1

 
131.6

 
351.8

Earnings (loss) per common share (basic) *
 
 
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
2.30

 
$
(0.06
)
 
$
0.49

 
$
1.64

 
$
4.37

Discontinued operations, net of tax
 
0.08

 
(0.01
)
 
(0.01
)
 
—

 
0.06

Earnings (loss) per common share (basic)
 
2.38

 
(0.07
)
 
0.48

 
1.64

 
4.43

Earnings (loss) per common share (diluted) *
 
 
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
2.29

 
(0.06
)
 
0.48

 
1.63

 
4.33

Discontinued operations, net of tax
 
0.08

 
(0.01
)
 
(0.01
)
 
—

 
0.06

Earnings (loss) per common share (diluted)
 
2.37

 
(0.07
)
 
0.47

 
1.63

 
4.39


*
Earnings per share for the individual quarters do not total the year ended earnings per share amount because of changes to the average number of shares outstanding and changes in incremental issuable shares throughout the year.

Because of various factors, the quarterly results of operations are not necessarily comparable.