Otter Tail Corp OTTR Income Statement

Otter tail corp (OTTR)

Income statement / TTM

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
Operating Revenues:
Total Operating Revenues
908,278	919,503	924,998	924,008	921,153	916,447	901,966	890,761	876,499	849,350	839,300	820,018	811,414	803,539	795,686	798,534	783,205	779,804	784,424	780,926	787,137	799,262	689,158	722,401	740,426	743,414	723,669	709,217	708,229	710,165	671,957	739,014	810,911	840,169	777,970	755,343	723,359	717,897	1,012,186	999,297	0	0	0
Construction Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nonelectric
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	437,213	410,432	378,950	373,633	680,551	686,324	0	0	0
Operating Expenses
Production Fuel – Electric
54,071	59,256	60,639	59,437	67,029	66,815	66,458	65,425	62,014	59,690	59,268	57,961	55,474	54,792	53,317	49,652	43,845	42,744	47,368	51,365	59,785	67,216	68,661	72,325	75,325	71,248	70,124	71,961	68,813	66,284	61,781	60,239	64,864	69,017	73,228	72,358	71,770	73,102	68,783	62,327	0	0	0
Purchased Power – Electric System Use
350,416	355,119	356,193	360,807	356,356	354,559	346,733	339,602	330,070	316,562	311,749	300,924	297,860	295,222	299,113	302,136	296,173	295,032	293,480	300,436	305,628	308,069	308,167	297,260	289,419	283,267	162,772	191,447	227,536	270,045	79,158	147,163	217,978	248,021	407,345	374,591	332,362	309,507	0	0	0	-	-
Electric Operation and Maintenance Expenses
155,762	153,529	158,528	156,556	154,441	155,534	148,533	150,105	149,112	146,914	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Construction Revenues Earned (depreciation included below)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold - Nonelectric (excludes depreciation; included below)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other Nonelectric Expenses
49,205	50,782	52,258	53,140	52,527	51,544	48,557	46,641	43,851	41,492	38,418	37,984	37,363	38,683	38,854	39,428	39,013	40,021	45,658	44,594	48,493	45,981	33,643	36,793	36,247	40,074	39,779	39,346	40,149	40,273	39,397	46,087	50,122	49,296	1,420	14,604	30,053	46,715	124,975	125,087	0	0	0
Asset Impairment Charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	432	0	0	0	-	-	-	-	-	-	0	-	0	0
Product Recall and Testing Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Depreciation and Amortization
79,354	78,086	76,679	75,730	75,034	74,666	75,072	74,291	73,454	72,545	72,006	72,393	73,010	73,445	71,154	67,981	64,117	60,363	59,115	58,531	58,342	58,074	56,378	56,860	57,223	57,876	57,911	57,929	57,984	57,857	50,813	53,360	56,022	58,335	53,495	55,066	56,169	57,647	74,759	73,687	0	0	0
Purchased Power Electric System Use
-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,535	66,787	71,344	78,150	78,978	70,963	67,755	65,848	64,402	62,383	57,152	52,006	51,135	50,582	51,665	49,184	50,316	49,666	45,232	43,451	39,817	42,583	45,109	44,788	43,842	45,465	0	0	0
Property Taxes – Electric
15,926	15,785	16,207	16,336	15,709	15,585	15,027	14,654	15,090	15,053	-89,712	-57,226	-21,954	14,266	148,045	144,486	143,259	140,768	142,123	142,821	144,841	141,936	142,259	139,539	135,570	133,395	128,810	126,901	123,503	121,069	122,282	120,888	117,168	115,863	112,075	111,850	112,416	112,174	108,144	110,005	0	0	0
Property Taxes Electric
-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,962	14,016	13,689	13,512	13,395	13,013	13,138	12,607	11,759	11,744	11,366	11,311	11,688	11,358	11,019	10,720	10,883	10,651	10,398	10,190	9,569	9,239	9,299	9,364	9,416	9,400	0	0	0
Total Operating Expenses
773,678	784,623	797,948	795,951	789,810	787,058	761,911	755,956	740,803	717,063	706,398	692,844	688,153	686,908	683,980	684,486	671,440	670,590	680,117	681,723	697,982	699,731	588,396	621,029	638,027	649,177	619,092	605,399	604,944	615,864	589,161	662,585	736,315	768,272	677,209	660,551	657,178	653,297	983,876	976,844	0	0	0
Operating Income
134,600	134,880	127,050	128,057	131,343	129,389	140,055	134,805	135,696	132,287	132,902	127,174	123,261	116,631	111,706	114,048	111,765	109,214	104,307	99,203	89,155	99,531	100,762	101,372	102,399	94,237	104,577	103,818	103,285	94,301	82,796	76,429	74,596	71,897	100,761	94,792	66,181	64,600	28,310	22,453	0	0	0
Interest Charges
31,708	31,411	31,001	31,011	30,862	30,408	29,819	29,663	29,514	29,604	30,272	30,905	31,354	31,886	31,981	31,685	31,411	31,160	30,914	30,872	30,796	29,648	28,452	27,338	26,589	26,974	27,364	28,694	30,289	31,903	33,289	34,081	34,747	35,629	36,451	37,042	37,302	36,848	35,065	32,430	0	0	0
Nonservice Cost Components of Postretirement Benefits
4,129	4,293	4,545	4,816	5,127	5,509	5,534	5,611	5,632	5,620	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (Loss) Income
3,479	5,112	3,440	3,665	3,522	3,461	4,070	3,417	3,262	2,632	2,171	2,078	3,058	2,905	3,135	2,970	2,005	2,177	2,157	2,317	2,594	3,557	4,015	4,922	4,774	4,100	4,594	3,846	3,794	3,915	3,498	3,253	3,374	2,763	2,034	2,330	2,117	1,759	2,878	3,525	0	0	0
Loss on Early Retirement of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Income Taxes
102,242	104,288	94,944	95,895	98,876	96,933	108,772	102,948	103,812	99,695	95,476	90,425	88,450	82,540	82,860	85,333	82,359	80,231	75,550	70,648	60,953	73,440	66,073	68,704	70,332	61,111	81,807	65,864	63,684	53,207	39,899	45,601	43,223	39,031	0	0	0	-	-	-	-	-	-
Income (Loss) Before Income Taxes - Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,877	-6,452	0	0	0
Income Tax Expense
17,451	17,441	14,288	16,711	16,422	14,588	22,168	21,844	24,687	27,256	23,776	21,904	21,090	20,219	22,778	24,136	23,061	21,642	18,357	15,992	12,068	16,557	12,205	13,182	15,192	12,516	20,086	14,168	12,591	7,173	786	3,953	3,351	4,121	13,489	10,500	2,816	3,231	-5,568	-6,813	0	0	0
Net Income from Continuing Operations
-	-	-	-	-	-	-	-	-	-	0	0	0	-	60,082	61,197	59,298	58,589	57,193	54,656	48,885	56,883	53,868	55,522	55,140	48,595	61,721	51,696	51,093	46,034	39,113	41,648	39,872	34,910	52,855	49,580	28,180	26,280	0	0	0	-	-
Discontinued Operations
Income from Discontinued Operations net of Income Tax Expense of $38 in 2017
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-5,404	-2,282	623	4,722	6,445	6,043	3,702	1,792	2,060	-14,127	-17,367	-13,907	-13,669	-13,828	-11,414	-14,620	-14,294	2,460	5,031	0	-	0	0	-	-	-
Impairment Loss net of Income Tax (Benefit) of $0 in 2015
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
(Loss) Income net of Income Tax (Savings) Expense of $0, ($25), $0 and $53 for the respective periods
-	-	-	-	-	-	-	-	-	-	0	0	-	-	399	312	-36	7,160	0	0	0	-	-	-	-	210	-1,777	-1,777	-2,232	-5,531	-3,998	9,254	0	-	0	0	-	-	-	-	-	-	-
Net (Loss) Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	756	-1,955	1,015	5,343	840	6,043	3,702	1,792	2,270	-20,552	-23,792	-48,246	-51,307	-91,488	-89,528	-51,568	-48,153	-19,907	-16,899	-28,545	-27,624	0	0	0	-	-
Net Income
84,791	86,847	80,656	79,184	82,454	82,345	86,526	80,987	79,069	72,439	71,607	68,489	67,386	62,321	59,393	60,169	55,930	59,345	55,238	55,671	54,228	57,723	59,911	59,224	56,932	50,865	41,169	27,904	2,847	-5,273	-52,375	-47,880	-11,696	-13,243	32,948	32,681	-365	-1,344	7,192	3,822	0	0	0
Preferred Dividend Requirement and Other Adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	513	698	881	1,065	736	735	736	1,058	1,058	1,057	1,060	833	833	834	831	0	0	0
Earnings Available for Common Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,352	40,471	27,023	1,782	-6,009	-53,110	-48,616	-12,754	-14,301	31,891	31,621	-1,198	-2,177	6,358	2,991	0	0	0
Average Number of Common Shares Outstanding—Basic (in shares)
40,217	39,799	39,714	39,712	39,657	39,621	39,621	39,605	39,550	39,507	39,507	39,462	39,350	39,236	38,832	38,179	37,936	37,728	37,575	37,433	37,243	36,809	36,596	36,409	36,240	36,179	36,179	36,170	36,075	36,104	36,061	36,031	35,995	-35,805,024	35,933	35,926	35,876,853	-71,641,261	35,806,453	35,799,231	35,720	35,528	35,388
Average Number of Common Shares Outstanding—Diluted (in shares)
40,444	40,047	39,946	39,917	39,903	39,922	39,903	39,879	39,863	39,854	39,795	39,702	39,640	39,551	39,005	38,321	38,045	37,726	37,794	37,653	37,497	37,088	36,838	36,652	36,431	36,405	36,381	36,373	36,259	36,363	36,252	36,222	36,129	-36,009,433	36,171	36,163	36,081,426	-71,911,447	36,076,421	35,799,231	35,939	35,788	35,643
Basic Earnings Per Common Share:
Continuing Operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.45	0.43	0.50	-	0.38	0.41	0.38	0.40	0.42	0.37	0.37	0.39	0.36	0.21	0.60	0.30	0.41	0.21	0.41	0.65	0.13	0.19	0.28	0.47	0.20	0.14	0.14	0.97	0.11	-0.46	0.09	-	-
Discontinued Operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.02	-0.01	-0.06	0.11	-0.10	0.07	0.06	-0.01	0.04	0.01	0.01	0.00	-0.58	-0.08	-0.68	-0.08	-1.70	-0.03	0.37	0.01	-0.93	0.06	0.06	0.04	-	-
Basic Earnings Per Common Share (in dollars per share)
0.60	0.52	0.62	0.39	0.66	0.36	0.59	0.47	0.66	0.46	0.45	0.43	0.50	0.45	0.38	0.41	0.38	0.38	0.41	0.31	0.48	0.29	0.43	0.27	0.59	0.35	0.42	0.21	0.41	0.07	0.05	-0.49	0.20	-1.23	0.17	0.51	0.15	0.04	0.17	-0.40	0.13	0.29	0.07
Diluted Earnings Per Common Share:
Continuing Operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.45	0.42	0.49	-	0.37	0.41	0.38	0.41	0.42	0.36	0.37	0.38	0.36	0.21	0.60	0.30	0.41	0.21	0.41	0.65	0.13	0.19	0.28	0.47	0.20	0.14	0.14	0.97	0.11	-0.46	0.09	-	-
Discontinued Operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.02	-0.01	-0.06	0.11	-0.10	0.07	0.06	-0.01	0.04	0.01	0.01	0.00	-0.59	-0.08	-0.67	-0.08	-1.70	-0.03	0.37	0.01	-0.92	0.05	0.06	0.04	-	-
Diluted Earnings Per Common Share (in dollars per share)
0.60	0.50	0.62	0.39	0.66	0.35	0.58	0.47	0.66	0.46	0.45	0.42	0.49	0.45	0.37	0.41	0.38	0.39	0.41	0.30	0.48	0.28	0.43	0.27	0.59	0.35	0.42	0.21	0.41	0.06	0.05	-0.48	0.20	-1.23	0.17	0.51	0.15	0.05	0.16	-0.40	0.13	0.29	0.07
Dividends Declared Per Common Share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.32	0.32	0.32	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29
Electricity [Member]
Revenues from Contracts with Customers
448,829	458,016	462,069	452,533	455,956	450,637	445,975	443,149	440,520	436,477	436,990	436,779	432,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in Accrued Revenues under Alternative Revenue Programs
1,994	1,032	717	1,321	-613	-439	-3,536	-2,748	-1,607	-1,971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Electric Revenues
450,823	459,048	462,786	453,854	455,343	450,198	442,439	440,401	438,913	434,506	437,902	437,220	432,907	427,349	415,656	413,482	406,491	407,039	411,300	400,138	402,114	407,629	404,700	401,599	391,534	373,462	363,320	365,595	361,697	350,689	345,469	342,037	341,075	342,633	340,757	344,911	344,409	344,264	331,635	312,973	0	0	0
Product [Member]
Revenues from Contracts with Customers
457,455	460,455	462,212	470,154	465,810	466,249	459,527	450,360	437,586	414,844	401,398	382,798	378,507	376,190	380,030	385,052	376,714	372,765	373,124	380,788	385,023	391,633	393,378	382,213	375,309	369,952	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electricity, Purchased [Member]
Purchased Power – Electric System Use
68,944	72,066	77,444	73,945	68,714	68,355	61,531	65,238	67,212	64,807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-