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v3.7.0.1

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Revenues, net | $ 449,000,000 | $ 428,000,000 | $ 979,000,000 | $ 915,000,000
Operating expenses: |  |  |  |
Purchased power and fuel | 118,000,000 | 126,000,000 | 259,000,000 | 275,000,000
Generation, transmission and distribution | 81,000,000 | 64,000,000 | 162,000,000 | 130,000,000
Administrative and other | 65,000,000 | 61,000,000 | 133,000,000 | 122,000,000
Depreciation and amortization | 86,000,000 | 83,000,000 | 170,000,000 | 165,000,000
Taxes other than income taxes | 31,000,000 | 30,000,000 | 64,000,000 | 60,000,000
Total operating expenses | 381,000,000 | 364,000,000 | 788,000,000 | 752,000,000
Income from operations | 68,000,000 | 64,000,000 | 191,000,000 | 163,000,000
Interest expense, net | 30,000,000 | 27,000,000 | 60,000,000 | 54,000,000
Other income: |  |  |  |
Allowance for equity funds used during construction | 3,000,000 | 8,000,000 | 5,000,000 | 15,000,000
Miscellaneous income, net | 1,000,000 | 1,000,000 | 2,000,000 | 0
Other income, net | 4,000,000 | 9,000,000 | 7,000,000 | 15,000,000
Income before income tax expense | 42,000,000 | 46,000,000 | 138,000,000 | 124,000,000
Income tax expense | 10,000,000 | 9,000,000 | 33,000,000 | 26,000,000
Net income | 32,000,000 | 37,000,000 | 105,000,000 | 98,000,000
Other comprehensive income | 1,000,000 | 0 | 0 | 0
Comprehensive income | $ 33,000,000 | $ 37,000,000 | $ 105,000,000 | $ 98,000,000
Weighted-average shares outstanding-basic and diluted (in thousands) | 89,063 | 88,902 | 89,033 | 88,867
Earnings per share-basic and diluted | $ 0.36 | $ 0.42 | $ 1.18 | $ 1.10
Dividends declared per common share | $ 0.34 | $ 0.32 | $ 0.66 | $ 0.62

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- Definition Cost of electricity purchased as well as fuel used to generate electricity used in operations and sold during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(b)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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