Otter tail corp (OTTR)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Revenues:
Total Operating Revenues

919,503

916,447

849,350

803,539

779,804

799,262

743,414

710,165

840,169

717,897

818,692

1,311,197

Construction Services

-

-

-

-

-

-

-

-

184,516

-

-

-

Nonelectric

-

-

-

-

-

-

-

-

-

373,633

504,220

971,414

Operating Expenses
Production Fuel – Electric

59,256

66,815

59,690

54,792

42,744

67,216

71,248

66,284

69,017

73,102

59,387

71,930

Purchased Power – Electric System Use

355,119

354,559

316,562

295,222

295,032

308,069

283,267

270,045

248,021

309,507

417,443

-

Electric Operation and Maintenance Expenses

153,529

155,534

146,914

147,274

-

-

-

-

-

-

-

-

Cost of Construction Revenues Earned (depreciation included below)

-

-

-

-

-

-

-

-

173,629

-

-

-

Cost of Goods Sold - Nonelectric (excludes depreciation; included below)

-

-

-

-

-

-

-

-

-

-

-

775,229

Other Nonelectric Expenses

50,782

51,544

41,492

38,683

40,021

45,981

40,074

40,273

49,296

46,715

65,775

142,342

Asset Impairment Charge

-

-

-

-

-

-

-

432

470

-

-

0

Product Recall and Testing Costs

-

-

-

-

-

-

-

-

-

-

-

0

Plant Closure Costs

-

-

-

-

-

-

-

-

-

-

-

2,295

Depreciation and Amortization

78,086

74,666

72,545

73,445

60,363

58,074

57,876

57,857

58,335

57,647

64,724

65,060

Purchased Power Electric System Use

-

-

-

-

78,150

65,848

52,006

49,184

43,451

44,788

52,942

56,329

Property Taxes – Electric

15,785

15,585

15,053

14,266

140,768

141,936

133,395

121,069

115,863

112,174

106,457

116,071

Property Taxes Electric

-

-

-

-

13,512

12,607

11,311

10,720

10,190

9,364

8,853

8,949

Total Operating Expenses

784,623

787,058

717,063

686,908

670,590

699,731

649,177

615,864

768,272

653,297

775,581

1,238,205

Operating Income

134,880

129,389

132,287

116,631

109,214

99,531

94,237

94,301

71,897

64,600

43,111

72,992

Interest Charges

31,411

30,408

29,604

31,886

31,160

29,648

26,974

31,903

35,629

36,848

28,417

26,958

Nonservice Cost Components of Postretirement Benefits

4,293

5,509

5,620

5,110

-

-

-

-

-

-

-

-

Other (Loss) Income

5,112

3,461

2,632

2,905

2,177

3,557

4,100

3,915

2,763

1,759

4,651

4,128

Loss on Early Retirement of Debt

-

-

-

-

-

-

-10,252

-13,106

-

-

-

-

Income Before Income Taxes

104,288

96,933

99,695

82,540

80,231

73,440

61,111

53,207

39,031

29,511

-

-

Income (Loss) Before Income Taxes - Continuing Operations

-

-

-

-

-

-

-

-

-

-

19,345

50,162

Income Tax Expense

17,441

14,588

27,256

20,219

21,642

16,557

12,516

7,173

4,121

3,231

-5,294

15,037

Net Income from Continuing Operations

-

-

-

-

58,589

56,883

48,595

46,034

34,910

26,280

24,639

-

Discontinued Operations
Income from Discontinued Operations net of Income Tax Expense of $38 in 2017

-

-

-

-

-5,404

6,445

2,060

-13,669

-14,294

-11,998

1,392

-

Impairment Loss net of Income Tax (Benefit) of $0 in 2015

-

-

-

-

1,000

-5,605

-

32,107

42,533

15,626

-

-

(Loss) Income net of Income Tax (Savings) Expense of $0, ($25), $0 and $53 for the respective periods

-

-

-

-

7,160

-

210

-5,531

8,674

-

-

-

Net (Loss) Income

-

-

-

-

756

840

2,270

-51,307

-48,153

-27,624

1,392

-

Net Income

86,847

82,345

72,439

62,321

59,345

57,723

50,865

-5,273

-13,243

-1,344

26,031

35,125

Preferred Dividend Requirement and Other Adjustments

-

-

-

-

-

-

513

736

1,058

833

736

736

Earnings Available for Common Shares

-

-

-

-

-

-

50,352

-6,009

-14,301

-2,177

25,295

34,389

Average Number of Common Shares Outstanding—Basic (in shares)

39,720

39,599

39,457

38,546

37,494

36,514

36,151

36,048

35,922

35

35,463

31,409

Average Number of Common Shares Outstanding—Diluted (in shares)

39,953

39,892

39,748

38,731

37,668

36,753

36,355

36,242

36,082

36

35,717

31,673

Basic Earnings Per Common Share:
Continuing Operations (in dollars per share)

-

-

-

-

1.56

1.56

1.33

1.25

0.95

0.71

0.67

-

Discontinued Operations (in dollars per share)

-

-

-

-

0.02

0.02

0.06

-1.42

-1.35

-0.77

0.04

-

Basic Earnings Per Common Share (in dollars per share)

2.19

2.08

1.84

1.62

1.58

1.58

1.39

-0.17

-0.40

-0.06

0.71

1.09

Diluted Earnings Per Common Share:
Continuing Operations (in dollars per share)

-

-

-

-

1.56

1.55

1.33

1.25

0.95

0.71

0.67

-

Discontinued Operations (in dollars per share)

-

-

-

-

0.02

0.02

0.06

-1.42

-1.35

-0.77

0.04

-

Diluted Earnings Per Common Share (in dollars per share)

2.17

2.06

1.82

1.61

1.58

1.57

1.39

-0.17

-0.40

-0.06

0.71

1.09

Dividends Declared Per Common Share (in dollars per share)

-

-

-

1.25

1.23

1.21

1.19

1.19

1.19

1.19

1.19

1.19

Electricity [Member]
Revenues from Contracts with Customers

458,016

450,637

436,477

425,245

-

-

-

-

-

-

-

-

Changes in Accrued Revenues under Alternative Revenue Programs

1,032

-439

-1,971

2,104

-

-

-

-

-

-

-

-

Total Electric Revenues

459,048

450,198

434,506

427,349

407,039

407,629

373,462

350,689

342,633

344,264

314,472

339,783

Product [Member]
Revenues from Contracts with Customers

460,455

466,249

414,844

376,190

372,765

391,633

369,952

359,476

313,020

-

-

-

Electricity, Purchased [Member]
Purchased Power – Electric System Use

72,066

68,355

64,807

63,226

-

-

-

-

-

-

-

-