Oge energy corp. (OGE)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Electric Utility

-

-

-

-

-

-

2,259

2,128

2,211

2,109

1,751

1,959

Natural Gas Midstream Operations (Note 1)

-

-

-

-

-

-

608

1,542

1,704

1,607

1,118

2,111

Revenues from contracts with customers

2,175

2,211

0

0

-

-

-

-

-

-

-

-

Other revenues

56

58

0

0

-

-

-

-

-

-

-

-

OPERATING REVENUES
Operating revenues

2,231

2,270

2,261

2,259

2,196

2,453

2,867

3,671

3,915

3,716

2,869

4,070

Electric Utility

-

-

-

-

-

-

950

831

966

952

748

1,061

Natural Gas Midstream Operations (Note 1)

-

-

-

-

-

-

478

1,087

1,311

1,234

809

1,756

COST OF SALES

786

892

897

880

865

1,106

1,428

1,918

2,277

2,187

1,557

2,818

Gross margin on revenues

-

-

-

-

-

-

-

-

-

1,529

1,312

1,252

OPERATING EXPENSES
Other operation and maintenance

491

474

458

438

426

439

489

601

581

549

466

492

Depreciation and amortization

355

321

283

322

307

281

297

371

307

291

262

217

Impairment of assets

-

-

-

-

-

-

-

-

6

1

3

-

Gain on insurance proceeds

-

-

-

-

-

-

-

7

3

0

0

-

Taxes other than income

93

92

89

87

91

88

98

110

99

93

87

80

Operating expenses

940

888

831

848

825

809

885

1,075

991

935

820

790

OPERATING INCOME

504

489

531

530

506

536

553

676

646

593

491

462

OTHER INCOME (EXPENSE)
Equity in earnings (losses) of unconsolidated affiliates

113

152

131

101

15

172

101

0

0

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

0

1

6

Allowance for equity funds used during construction

4

23

39

14

8

4

6

6

20

11

15

0

Other net periodic benefit expense

9

10

21

27

24

-

-

-

-

-

-

-

Other income

21

21

46

26

27

17

31

17

19

13

27

15

Other expense

23

23

14

16

14

14

22

16

21

17

16

25

Net other income (expense)

107

164

181

97

11

180

118

7

18

7

27

-3

INTEREST EXPENSE
Interest on long-term debt

138

157

153

143

147

144

145

158

146

139

137

103

Allowance for borrowed funds used during construction

2

11

18

7

4

2

3

3

-10

-5

-8

-4

Interest on short-term debt and other interest charges

12

10

8

6

5

6

5

8

5

5

8

21

Interest expense

147

156

143

142

149

148

147

164

140

139

137

120

INCOME (LOSS) BEFORE TAXES

463

497

569

486

368

568

524

520

524

461

382

338

INCOME TAX BENEFIT

29

72

-49

148

97

172

130

135

160

161

121

101

NET INCOME

433

425

619

338

271

395

393

385

363

300

261

237

Less: Net income attributable to noncontrolling interests

-

-

-

-

-

-

6

30

20

5

2

6

NET INCOME (LOSS)

-

-

-

-

-

-

387

355

342

295

258

231

BASIC AVERAGE COMMON SHARES OUTSTANDING

200

199

199

199

199

199

198

197

195

97

96

0

DILUTED AVERAGE COMMON SHARES OUTSTANDING

200

200

200

199

199

199

199

198

198

98

97

0

BASIC EARNINGS (LOSS) PER AVERAGE COMMON SHARE

2.17

2.13

3.10

1.69

1.36

1.99

1.96

1.80

1.75

3.03

2.68

2.50

DILUTED EARNINGS (LOSS) PER AVERAGE COMMON SHARE

2.16

2.12

3.10

1.69

1.36

1.98

1.94

1.79

1.73

2.99

2.66

2.49

DIVIDENDS DECLARED PER COMMON SHARE

1.50

1.39

1.27

1.15

1.05

0.95

0.85

0.79

0.75

1.46

1.42

1.39