| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Sep'09 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||||||||||||||||||||||||||||||||||||
1,864,000 | 1,795,000 | 1,546,000 | 1,445,000 | 2,059,000 | 1,829,000 | 1,599,000 | 1,492,000 | 1,953,000 | 1,778,000 | 1,527,000 | 1,449,000 | 1,829,000 | 1,640,000 | 1,587,000 | 1,371,000 | 1,801,000 | 1,509,000 | 1,486,000 | 1,350,000 | 2,111,000 | 1,758,000 | 1,430,000 | 1,468,000 | 2,523,000 | 1,736,000 | 1,445,000 | 1,406,000 | 1,979,000 | 1,670,000 | 1,507,000 | 1,333,000 | 1,743,000 | 1,620,000 | 1,464,000 | 1,364,000 | 2,055,000 | 1,682,000 | 1,443,000 | 1,340,000 | 1,967,000 | 1,263,000 | 1,225,000 |
Operating Expenses | ||||||||||||||||||||||||||||||||||||||||||
Fuel for electric generation | ||||||||||||||||||||||||||||||||||||||||||
103,000 | 102,000 | 130,000 | 119,000 | 142,000 | 131,000 | 150,000 | 115,000 | 132,000 | 119,000 | 144,000 | 125,000 | 117,000 | 132,000 | 145,000 | 97,000 | 125,000 | 131,000 | 161,000 | 134,000 | 167,000 | 139,000 | 161,000 | 154,000 | 219,000 | 155,000 | 165,000 | 147,000 | 154,000 | 152,000 | 190,000 | 126,000 | 130,000 | 132,000 | 199,000 | 153,000 | 152,000 | 132,000 | 183,000 | 151,000 | 138,000 | 140,000 | 118,000 |
Purchased and interchange power | ||||||||||||||||||||||||||||||||||||||||||
357,000 | 349,000 | 413,000 | 356,000 | 378,000 | 391,000 | 447,000 | 393,000 | 382,000 | 371,000 | 426,000 | 373,000 | 333,000 | 343,000 | 454,000 | 365,000 | 346,000 | 324,000 | 392,000 | 341,000 | 349,000 | 358,000 | 387,000 | 359,000 | 498,000 | 324,000 | 383,000 | 347,000 | 333,000 | 327,000 | 386,000 | 334,000 | 317,000 | 314,000 | 365,000 | 303,000 | 300,000 | 284,000 | 363,000 | 314,000 | 278,000 | 318,000 | 282,000 |
Purchased power – related parties | ||||||||||||||||||||||||||||||||||||||||||
18,000 | 22,000 | 19,000 | 16,000 | 18,000 | 22,000 | 21,000 | 19,000 | 19,000 | 22,000 | 21,000 | 21,000 | 22,000 | 21,000 | 22,000 | 21,000 | 22,000 | 22,000 | 21,000 | 17,000 | 23,000 | 23,000 | 21,000 | 22,000 | 24,000 | 23,000 | 21,000 | 23,000 | 23,000 | 22,000 | 23,000 | 20,000 | 22,000 | 18,000 | 23,000 | 20,000 | 21,000 | 22,000 | 21,000 | 21,000 | 21,000 | 0 | 0 |
Maintenance and other operating expenses | ||||||||||||||||||||||||||||||||||||||||||
315,000 | 438,000 | 313,000 | 343,000 | 354,000 | 415,000 | 366,000 | 326,000 | 310,000 | 327,000 | 304,000 | 315,000 | 290,000 | 358,000 | 301,000 | 286,000 | 303,000 | 317,000 | 311,000 | 312,000 | 283,000 | 333,000 | 329,000 | 304,000 | 266,000 | 366,000 | 284,000 | 304,000 | 282,000 | 352,000 | 295,000 | 282,000 | 295,000 | 369,000 | 301,000 | 288,000 | 279,000 | 362,000 | 273,000 | 296,000 | 275,000 | 278,000 | 306,000 |
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||
316,000 | 263,000 | 215,000 | 216,000 | 298,000 | 244,000 | 206,000 | 204,000 | 279,000 | 229,000 | 193,000 | 197,000 | 262,000 | 214,000 | 183,000 | 176,000 | 238,000 | 186,000 | 173,000 | 169,000 | 222,000 | 182,000 | 153,000 | 151,000 | 199,000 | 165,000 | 145,000 | 137,000 | 181,000 | 158,000 | 138,000 | 130,000 | 172,000 | 142,000 | 120,000 | 122,000 | 162,000 | 140,000 | 133,000 | 131,000 | 172,000 | 128,000 | 121,000 |
General taxes | ||||||||||||||||||||||||||||||||||||||||||
114,000 | 86,000 | 70,000 | 71,000 | 106,000 | 81,000 | 67,000 | 68,000 | 87,000 | 75,000 | 62,000 | 66,000 | 81,000 | 72,000 | 62,000 | 60,000 | 87,000 | 62,000 | 59,000 | 60,000 | 81,000 | 64,000 | 57,000 | 56,000 | 75,000 | 60,000 | 54,000 | 50,000 | 70,000 | 59,000 | 53,000 | 48,000 | 69,000 | 54,000 | 33,000 | 51,000 | 67,000 | 54,000 | 49,000 | 41,000 | 66,000 | 51,000 | 48,000 |
Total operating expenses | ||||||||||||||||||||||||||||||||||||||||||
1,496,000 | 1,484,000 | 1,195,000 | 1,227,000 | 1,700,000 | 1,579,000 | 1,305,000 | 1,237,000 | 1,590,000 | 1,399,000 | 1,197,000 | 1,208,000 | 1,441,000 | 1,360,000 | 1,212,000 | 1,096,000 | 1,475,000 | 1,249,000 | 1,169,000 | 1,146,000 | 1,714,000 | 1,485,000 | 1,194,000 | 1,233,000 | 2,115,000 | 1,472,000 | 1,128,000 | 1,174,000 | 1,650,000 | 1,458,000 | 1,164,000 | 1,073,000 | 1,555,000 | 1,446,000 | 1,148,000 | 1,157,000 | 1,749,000 | 1,524,000 | 1,124,000 | 1,078,000 | 1,728,000 | 1,033,000 | 1,075,000 |
Insurance settlement | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 50,000 | - | 0 | 0 |
Gain on asset sales, net | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | - | - | - | - | - | - | - | 2,000 | 4,000 | - | 5,000 | 8,000 |
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
368,000 | 311,000 | 351,000 | 218,000 | 359,000 | 250,000 | 294,000 | 255,000 | 363,000 | 379,000 | 330,000 | 241,000 | 388,000 | 280,000 | 375,000 | 275,000 | 326,000 | 260,000 | 317,000 | 204,000 | 397,000 | 273,000 | 236,000 | 235,000 | 408,000 | 264,000 | 317,000 | 232,000 | 329,000 | 212,000 | 343,000 | 260,000 | 188,000 | 174,000 | 316,000 | 207,000 | 306,000 | 158,000 | 319,000 | 262,000 | 239,000 | 230,000 | 150,000 |
Other Income (Expense) | ||||||||||||||||||||||||||||||||||||||||||
Interest income | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 2,000 | 2,000 | 2,000 | 1,000 | 3,000 | 2,000 | 4,000 | 2,000 | 2,000 | 3,000 | 2,000 | 5,000 | 2,000 | 1,000 | 2,000 | 1,000 | 9,000 | 1,000 | 1,000 | 1,000 | - | 1,000 | 1,000 | - | - | 1,000 | 2,000 | - | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 4,000 | 2,000 | 2,000 | 5,000 | 5,000 | 4,000 | 5,000 | 5,000 | 4,000 |
Interest and dividend income – related parties | ||||||||||||||||||||||||||||||||||||||||||
7,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Allowance for equity funds used during construction | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 0 | 1,000 | 2,000 | 2,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 3,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 2,000 | 1,000 | 1,000 | 1,000 | 2,000 | 1,000 | 1,000 | 2,000 |
Income (loss) from equity method investees | ||||||||||||||||||||||||||||||||||||||||||
3,000 | 4,000 | 5,000 | 2,000 | -1,000 | 3,000 | -1,000 | 4,000 | 3,000 | 5,000 | 3,000 | 3,000 | 4,000 | 1,000 | 5,000 | 3,000 | 4,000 | 5,000 | 4,000 | 1,000 | 4,000 | 4,000 | 4,000 | 3,000 | 4,000 | 2,000 | 3,000 | 3,000 | 5,000 | 4,000 | 5,000 | 3,000 | 5,000 | -1,000 | 4,000 | 2,000 | 4,000 | 3,000 | 3,000 | 2,000 | 3,000 | -1,000 | 0 |
Nonoperating retirement benefits, net | ||||||||||||||||||||||||||||||||||||||||||
31,000 | 23,000 | 22,000 | 23,000 | 23,000 | 22,000 | 22,000 | 22,000 | 24,000 | 14,000 | 3,000 | 4,000 | 3,000 | 10,000 | 11,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other income | ||||||||||||||||||||||||||||||||||||||||||
0 | 1,000 | 0 | 2,000 | 1,000 | 0 | 1,000 | 0 | 1,000 | 2,000 | 2,000 | 0 | 2,000 | 1,000 | 2,000 | 2,000 | 3,000 | 2,000 | 2,000 | 3,000 | 3,000 | 3,000 | 2,000 | 3,000 | 3,000 | 3,000 | 2,000 | 2,000 | 3,000 | 2,000 | 3,000 | 3,000 | 3,000 | 4,000 | 3,000 | 5,000 | 4,000 | 5,000 | 9,000 | 9,000 | 9,000 | 11,000 | 39,000 |
Other expense | ||||||||||||||||||||||||||||||||||||||||||
4,000 | 5,000 | 0 | 5,000 | 3,000 | 33,000 | 4,000 | 9,000 | 2,000 | 70,000 | 2,000 | 2,000 | 2,000 | 62,000 | 6,000 | 4,000 | 3,000 | 6,000 | 3,000 | 4,000 | 4,000 | 29,000 | 3,000 | 16,000 | 7,000 | 7,000 | 7,000 | 3,000 | 3,000 | 17,000 | 11,000 | 3,000 | 2,000 | 14,000 | 3,000 | 3,000 | 2,000 | 17,000 | 2,000 | 3,000 | 2,000 | 20,000 | 3,000 |
Total other income | ||||||||||||||||||||||||||||||||||||||||||
39,000 | 28,000 | 31,000 | 27,000 | 23,000 | -3,000 | 22,000 | 22,000 | 29,000 | -47,000 | 10,000 | 9,000 | 14,000 | -45,000 | 16,000 | 16,000 | 18,000 | -2,000 | 7,000 | 3,000 | 6,000 | -17,000 | 6,000 | -7,000 | 2,000 | -1,000 | 0 | 5,000 | 8,000 | -7,000 | 0 | 6,000 | 9,000 | -8,000 | 9,000 | 8,000 | 9,000 | -3,000 | 16,000 | 14,000 | 16,000 | -4,000 | 42,000 |
Interest Charges | ||||||||||||||||||||||||||||||||||||||||||
Interest on long-term debt | ||||||||||||||||||||||||||||||||||||||||||
116,000 | 112,000 | 111,000 | 110,000 | 106,000 | 108,000 | 101,000 | 103,000 | 100,000 | 102,000 | 101,000 | 103,000 | 100,000 | 105,000 | 103,000 | 103,000 | 100,000 | 98,000 | 95,000 | 97,000 | 96,000 | 99,000 | 98,000 | 99,000 | 97,000 | 96,000 | 96,000 | 99,000 | 94,000 | 92,000 | 92,000 | 94,000 | 94,000 | 98,000 | 99,000 | 99,000 | 100,000 | 101,000 | 97,000 | 98,000 | 98,000 | 97,000 | 98,000 |
Interest expense – related parties | ||||||||||||||||||||||||||||||||||||||||||
3,000 | 3,000 | 3,000 | 3,000 | 0 | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other interest expense | ||||||||||||||||||||||||||||||||||||||||||
19,000 | 20,000 | 20,000 | 19,000 | 16,000 | 14,000 | 14,000 | 10,000 | 11,000 | 8,000 | 10,000 | 8,000 | 8,000 | 7,000 | 8,000 | 7,000 | 7,000 | -6,000 | 7,000 | 7,000 | 6,000 | 5,000 | 4,000 | 3,000 | 5,000 | 4,000 | 3,000 | 4,000 | 5,000 | 5,000 | 5,000 | 5,000 | 6,000 | 5,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 20,000 | 8,000 | 7,000 | 8,000 |
Allowance for borrowed funds used during construction | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 0 | 0 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | 1,000 | 4,000 | -1,000 | -1,000 | 7,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 0 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 |
Total interest charges | ||||||||||||||||||||||||||||||||||||||||||
137,000 | 134,000 | 133,000 | 131,000 | 121,000 | 121,000 | 114,000 | 112,000 | 111,000 | 110,000 | 111,000 | 110,000 | 107,000 | 111,000 | 110,000 | 108,000 | 106,000 | 91,000 | 101,000 | 103,000 | 101,000 | 104,000 | 101,000 | 101,000 | 101,000 | 99,000 | 99,000 | 102,000 | 98,000 | 96,000 | 96,000 | 98,000 | 99,000 | 102,000 | 104,000 | 104,000 | 105,000 | 107,000 | 102,000 | 117,000 | 105,000 | 103,000 | 105,000 |
Income Before Income Taxes | ||||||||||||||||||||||||||||||||||||||||||
270,000 | 205,000 | 249,000 | 114,000 | 261,000 | 126,000 | 202,000 | 165,000 | 281,000 | 222,000 | 229,000 | 140,000 | 295,000 | 124,000 | 281,000 | 183,000 | 238,000 | 167,000 | 223,000 | 104,000 | 302,000 | 152,000 | 141,000 | 127,000 | 309,000 | 164,000 | 218,000 | 135,000 | 239,000 | 109,000 | 247,000 | 168,000 | 98,000 | 64,000 | 221,000 | 111,000 | 210,000 | 48,000 | 233,000 | 159,000 | 150,000 | 123,000 | 87,000 |
Income Tax Expense | ||||||||||||||||||||||||||||||||||||||||||
27,000 | 37,000 | 42,000 | 20,000 | 48,000 | 17,000 | 33,000 | 25,000 | 40,000 | 224,000 | 57,000 | 47,000 | 96,000 | 46,000 | 95,000 | 58,000 | 74,000 | 60,000 | 75,000 | 36,000 | 100,000 | 55,000 | 47,000 | 43,000 | 105,000 | 62,000 | 91,000 | 54,000 | 95,000 | 42,000 | 98,000 | 67,000 | 38,000 | 23,000 | 81,000 | 10,000 | 77,000 | 17,000 | 87,000 | 59,000 | 61,000 | 47,000 | 32,000 |
Income From Continuing Operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67,000 | 149,000 | 101,000 | 60,000 | 41,000 | 140,000 | 101,000 | 133,000 | 31,000 | 146,000 | 100,000 | 89,000 | 76,000 | 55,000 |
Income From Discontinued Operations, Net of Tax | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 7,000 | 0 | 0 | 0 | 2,000 | -6,000 | 0 | -16,000 | -1,000 | -1,000 | 25,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||||||||||||||||
243,000 | 168,000 | 207,000 | 94,000 | 213,000 | 109,000 | 169,000 | 140,000 | 241,000 | -2,000 | 172,000 | 93,000 | 199,000 | 78,000 | 186,000 | 125,000 | 164,000 | 107,000 | 148,000 | 68,000 | 202,000 | 97,000 | 94,000 | 84,000 | 204,000 | - | 127,000 | 81,000 | - | 67,000 | 149,000 | 101,000 | 67,000 | 41,000 | 140,000 | 101,000 | 135,000 | 25,000 | 146,000 | 84,000 | 88,000 | 75,000 | 80,000 |
Net Income (Loss) Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||||||||||||||||
- | - | 0 | 1,000 | - | - | 0 | 1,000 | - | - | 0 | 1,000 | - | - | - | 1,000 | - | - | - | 1,000 | - | - | - | 1,000 | - | - | 1,000 | 1,000 | - | - | 1,000 | 1,000 | - | - | 1,000 | 1,000 | - | - | 1,000 | 2,000 | - | 6,000 | 2,000 |
Net Income Available to Common Stockholders | ||||||||||||||||||||||||||||||||||||||||||
- | - | 207,000 | 93,000 | - | - | 169,000 | 139,000 | - | - | 172,000 | 92,000 | - | - | 186,000 | 124,000 | - | - | 148,000 | 67,000 | - | - | 94,000 | 83,000 | - | - | - | - | - | - | - | - | - | - | 139,000 | - | - | - | 145,000 | 82,000 | - | 69,000 | 78,000 |
Charge for Deferred Issuance Costs on Preferred Stock | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,000 | - | - | 0 | - |
Preferred Stock Dividends | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 3,000 | 2,000 | 3,000 | 2,000 | 3,000 |
Amounts attributable to continuing operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67,000 | 148,000 | 100,000 | 60,000 | 41,000 | 139,000 | 100,000 | 133,000 | 31,000 | 134,000 | 96,000 | 86,000 | 68,000 | 50,000 |
Amounts attributable to discontinued operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 7,000 | 0 | 0 | 0 | 2,000 | -6,000 | 0 | -16,000 | -1,000 | -1,000 | 25,000 |
Amounts attributable to continuing operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 1,000 | - | - | 1,000 | 1,000 | - | - | 1,000 | 2,000 | - | 6,000 | 2,000 |
Amounts attributable to discontinued operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - | 0 | - | - | 0 | 0 | - | 0 | 0 |
Income attributable to noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||
- | - | 0 | 1,000 | - | - | 0 | 1,000 | - | - | 0 | 1,000 | - | - | - | 1,000 | - | - | - | - | - | - | - | - | - | - | 1,000 | 1,000 | - | - | 1,000 | 1,000 | - | - | 1,000 | 1,000 | - | - | 1,000 | 2,000 | - | 6,000 | 2,000 |
Basic Earnings Per Average Common Share | ||||||||||||||||||||||||||||||||||||||||||
Basic earnings from continuing operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.26 | 0.56 | 0.38 | 0.23 | 0.17 | 0.55 | 0.40 | 0.53 | 0.12 | 0.58 | 0.42 | 0.38 | 0.30 | 0.22 |
Basic earnings from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | -0.02 | 0.00 | -0.07 | -0.01 | -0.01 | 0.11 |
Basic earnings per average common share (in dollars per share) | ||||||||||||||||||||||||||||||||||||||||||
0.86 | 0.59 | 0.73 | 0.33 | 0.75 | 0.38 | 0.60 | 0.49 | 0.86 | -0.01 | 0.61 | 0.33 | 0.71 | 0.28 | 0.67 | 0.45 | 0.59 | 0.39 | 0.53 | 0.25 | 0.73 | 0.34 | 0.34 | 0.31 | 0.77 | 0.38 | 0.48 | 0.30 | 0.55 | 0.26 | 0.56 | 0.38 | 0.26 | 0.17 | 0.55 | 0.40 | 0.54 | 0.10 | 0.58 | 0.35 | 0.37 | 0.29 | 0.33 |
Diluted Earnings Per Average Common Share | ||||||||||||||||||||||||||||||||||||||||||
Diluted earnings from continuing operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.25 | 0.55 | 0.37 | 0.22 | 0.15 | 0.53 | 0.38 | 0.51 | 0.09 | 0.53 | 0.39 | 0.35 | 0.29 | 0.21 |
Diluted earnings from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | -0.07 | -0.01 | -0.01 | 0.11 |
Diluted earnings per average common share (in dollars per share) | ||||||||||||||||||||||||||||||||||||||||||
0.85 | 0.58 | 0.73 | 0.33 | 0.75 | 0.38 | 0.59 | 0.49 | 0.86 | -0.01 | 0.61 | 0.33 | 0.71 | 0.27 | 0.67 | 0.45 | 0.59 | 0.38 | 0.53 | 0.25 | 0.73 | 0.35 | 0.34 | 0.30 | 0.75 | 0.38 | 0.46 | 0.29 | 0.53 | 0.25 | 0.55 | 0.37 | 0.25 | 0.15 | 0.53 | 0.38 | 0.52 | 0.09 | 0.53 | 0.32 | 0.34 | 0.28 | 0.32 |
Dividends declared per common share (in dollars per share) | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0.33 | 0.33 | 0.33 | - | 0.31 | 0.31 | 0.31 | - | 0.29 | 0.29 | 0.29 | - | 0.27 | 0.27 | 0.27 | - | 0.25 | 0.25 | 0.25 | - | 0.24 | 0.24 | 0.24 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.15 | 0.15 | 0.15 | 0.12 | 0.12 |
Basic Earnings Per Average Common Share | ||||||||||||||||||||||||||||||||||||||||||
0.86 | 0.59 | 0.73 | 0.33 | 0.75 | 0.38 | 0.60 | 0.49 | 0.86 | -0.01 | 0.61 | 0.33 | 0.71 | - | 0.67 | 0.45 | - | - | - | - | - | - | - | - | - | - | 0.48 | 0.30 | 0.55 | 0.26 | 0.56 | 0.38 | 0.26 | 0.17 | 0.55 | 0.40 | 0.54 | 0.10 | 0.58 | 0.35 | 0.37 | 0.29 | 0.33 |
Diluted Earnings Per Average Common Share | ||||||||||||||||||||||||||||||||||||||||||
0.85 | 0.58 | 0.73 | 0.33 | 0.75 | 0.38 | 0.59 | 0.49 | 0.86 | -0.01 | 0.61 | 0.33 | 0.71 | - | 0.67 | 0.45 | - | - | - | - | - | - | - | - | - | - | 0.46 | 0.29 | 0.53 | 0.25 | 0.55 | 0.37 | 0.25 | 0.15 | 0.53 | 0.38 | 0.52 | 0.09 | 0.53 | 0.32 | 0.34 | 0.28 | 0.32 |
Consumers Energy Company | ||||||||||||||||||||||||||||||||||||||||||
Revenues | ||||||||||||||||||||||||||||||||||||||||||
1,744,000 | 1,670,000 | 1,429,000 | 1,334,000 | 1,943,000 | 1,712,000 | 1,502,000 | 1,395,000 | 1,855,000 | 1,686,000 | 1,437,000 | 1,362,000 | 1,737,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Fuel for electric generation | ||||||||||||||||||||||||||||||||||||||||||
79,000 | 80,000 | 101,000 | 88,000 | 106,000 | 97,000 | 122,000 | 86,000 | 102,000 | 94,000 | 115,000 | 100,000 | 89,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Purchased and interchange power | ||||||||||||||||||||||||||||||||||||||||||
347,000 | 338,000 | 408,000 | 350,000 | 374,000 | 381,000 | 440,000 | 388,000 | 378,000 | 367,000 | 424,000 | 369,000 | 331,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Purchased power – related parties | ||||||||||||||||||||||||||||||||||||||||||
18,000 | 22,000 | 19,000 | 16,000 | 18,000 | 22,000 | 22,000 | 19,000 | 20,000 | 23,000 | 23,000 | 22,000 | 22,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of gas sold | ||||||||||||||||||||||||||||||||||||||||||
270,000 | 217,000 | 32,000 | 104,000 | 401,000 | 289,000 | 45,000 | 108,000 | 377,000 | 251,000 | 42,000 | 105,000 | 332,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Maintenance and other operating expenses | ||||||||||||||||||||||||||||||||||||||||||
278,000 | 364,000 | 272,000 | 320,000 | 319,000 | 373,000 | 334,000 | 298,000 | 282,000 | 289,000 | 274,000 | 285,000 | 265,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||
312,000 | 259,000 | 210,000 | 212,000 | 294,000 | 240,000 | 203,000 | 201,000 | 277,000 | 226,000 | 191,000 | 195,000 | 260,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General taxes | ||||||||||||||||||||||||||||||||||||||||||
111,000 | 82,000 | 68,000 | 69,000 | 103,000 | 79,000 | 65,000 | 66,000 | 85,000 | 73,000 | 60,000 | 64,000 | 79,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total operating expenses | ||||||||||||||||||||||||||||||||||||||||||
1,415,000 | 1,362,000 | 1,110,000 | 1,159,000 | 1,615,000 | 1,481,000 | 1,231,000 | 1,166,000 | 1,521,000 | 1,323,000 | 1,129,000 | 1,140,000 | 1,378,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
329,000 | 308,000 | 319,000 | 175,000 | 328,000 | 231,000 | 271,000 | 229,000 | 334,000 | 363,000 | 308,000 | 222,000 | 359,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest income | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 1,000 | 2,000 | 1,000 | 1,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 2,000 | 2,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest and dividend income – related parties | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 0 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Allowance for equity funds used during construction | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 0 | 1,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Nonoperating retirement benefits, net | ||||||||||||||||||||||||||||||||||||||||||
29,000 | 21,000 | 21,000 | 22,000 | 21,000 | 20,000 | 21,000 | 20,000 | 22,000 | 13,000 | 3,000 | 2,000 | 3,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other income | ||||||||||||||||||||||||||||||||||||||||||
0 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | 0 | 0 | 1,000 | 2,000 | 1,000 | 0 | 14,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other expense | ||||||||||||||||||||||||||||||||||||||||||
3,000 | 5,000 | 0 | 5,000 | 3,000 | 21,000 | 4,000 | 3,000 | 2,000 | 52,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total other income | ||||||||||||||||||||||||||||||||||||||||||
29,000 | 23,000 | 26,000 | 23,000 | 23,000 | 5,000 | 22,000 | 20,000 | 24,000 | -35,000 | 5,000 | 4,000 | 21,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest on long-term debt | ||||||||||||||||||||||||||||||||||||||||||
74,000 | 71,000 | 69,000 | 68,000 | 69,000 | 73,000 | 69,000 | 67,000 | 67,000 | 65,000 | 66,000 | 66,000 | 66,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest expense – related parties | ||||||||||||||||||||||||||||||||||||||||||
3,000 | 3,000 | 3,000 | 3,000 | 0 | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other interest expense | ||||||||||||||||||||||||||||||||||||||||||
3,000 | 4,000 | 4,000 | 4,000 | 3,000 | 2,000 | 5,000 | 4,000 | 5,000 | 4,000 | 4,000 | 4,000 | 3,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Allowance for borrowed funds used during construction | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 0 | 0 | 1,000 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total interest charges | ||||||||||||||||||||||||||||||||||||||||||
79,000 | 77,000 | 75,000 | 74,000 | 71,000 | 74,000 | 73,000 | 70,000 | 72,000 | 69,000 | 70,000 | 69,000 | 68,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income Before Income Taxes | ||||||||||||||||||||||||||||||||||||||||||
279,000 | 254,000 | 270,000 | 124,000 | 280,000 | 162,000 | 220,000 | 179,000 | 286,000 | 259,000 | 243,000 | 157,000 | 312,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income Tax Expense | ||||||||||||||||||||||||||||||||||||||||||
44,000 | 48,000 | 57,000 | 26,000 | 54,000 | 31,000 | 40,000 | 27,000 | 44,000 | 123,000 | 62,000 | 53,000 | 101,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||||||||||||||||
235,000 | 206,000 | 213,000 | 98,000 | 226,000 | 131,000 | 180,000 | 152,000 | 242,000 | 136,000 | 181,000 | 104,000 | 211,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Preferred Stock Dividends and Other Adjustments | ||||||||||||||||||||||||||||||||||||||||||
- | - | 0 | 1,000 | - | - | 0 | 1,000 | - | - | 0 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income (Loss) Available to Common Stockholders, Basic | ||||||||||||||||||||||||||||||||||||||||||
- | - | 213,000 | 97,000 | - | - | 180,000 | 151,000 | - | - | 181,000 | 103,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 126,000 | 80,000 | 144,000 | - | 148,000 | 100,000 | 67,000 | 41,000 | 139,000 | 100,000 | 135,000 | 25,000 | 134,000 | 80,000 | 85,000 | 67,000 | 75,000 |
Cost of gas sold | ||||||||||||||||||||||||||||||||||||||||||
Cost of sales | ||||||||||||||||||||||||||||||||||||||||||
273,000 | 224,000 | 35,000 | 106,000 | 404,000 | 295,000 | 48,000 | 112,000 | 381,000 | 256,000 | 47,000 | 111,000 | 336,000 | 220,000 | 45,000 | 91,000 | 354,000 | 207,000 | 52,000 | 113,000 | 589,000 | 386,000 | 86,000 | 187,000 | 834,000 | 379,000 | 76,000 | 166,000 | 607,000 | 387,000 | 80,000 | 133,000 | 550,000 | 417,000 | 107,000 | 220,000 | 768,000 | 530,000 | 104,000 | 178,000 | 778,000 | 123,000 | 208,000 |