XML 38 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues      
Total Operating Revenues $ 1,349,166 $ 1,460,209 $ 1,196,844
Operating Expenses      
Electric Production Fuel 60,339 65,110 59,327
Electric Purchased Power 78,292 100,281 65,409
Electric Operating and Maintenance Expenses 191,263 181,378 159,669
Cost of Products Sold (excluding depreciation) 454,122 542,944 488,370
Nonelectric Selling, General, and Administrative Expenses 72,663 69,718 65,394
Depreciation and Amortization 97,954 92,597 91,358
Electric Property Taxes 16,614 17,742 17,609
Total Operating Expenses 971,247 1,069,770 947,136
Operating Income 377,919 390,439 249,708
Other Income and Expense      
Interest Expense (37,677) (36,016) (37,771)
Nonservice Cost Components of Postretirement Benefits 10,597 1,075 (2,016)
Other Income (Expense), net 12,650 2,037 2,900
Income Before Income Taxes 363,489 357,535 212,821
Income Tax Expense 69,298 73,351 36,052
Net Income $ 294,191 $ 284,184 $ 176,769
Weighted-Average Common Shares Outstanding:      
Basic (in shares) 41,668 41,586 41,491
Diluted (in shares) 42,039 41,931 41,818
Earnings Per Share:      
Basic (in dollars per share) $ 7.06 $ 6.83 $ 4.26
Diluted (in dollars per share) $ 7.00 $ 6.78 $ 4.23
Electric      
Operating Revenues      
Total Operating Revenues $ 528,359 $ 549,699 $ 480,321
Product Sales      
Operating Revenues      
Total Operating Revenues $ 820,807 $ 910,510 $ 716,523