XML 74 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment financial information
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment financial information
Segment financial information
 
(in thousands) 
 
Electric utility
 
Bank
 
Other
 
Total
Three months ended September 30, 2014
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
803,559

 
$
63,536

 
$
1

 
$
867,096

Intersegment revenues (eliminations)
 
6

 
—

 
(6
)
 
—

Revenues
 
803,565

 
63,536

 
(5
)
 
867,096

Income (loss) before income taxes
 
62,419

 
19,572

 
(7,382
)
 
74,609

Income taxes (benefit)
 
23,042

 
6,312

 
(3,031
)
 
26,323

Net income (loss)
 
39,377

 
13,260

 
(4,351
)
 
48,286

Preferred stock dividends of subsidiaries
 
498

 
—

 
(27
)
 
471

Net income (loss) for common stock
 
38,879

 
13,260

 
(4,324
)
 
47,815

 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2014
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
2,262,038

 
$
187,771

 
$
(307
)
 
$
2,449,502

Intersegment revenues (eliminations)
 
18

 
—

 
(18
)
 
—

Revenues
 
2,262,056

 
187,771

 
(325
)
 
2,449,502

Income (loss) before income taxes
 
174,711

 
58,244

 
(23,110
)
 
209,845

Income taxes (benefit)
 
64,686

 
18,769

 
(10,190
)
 
73,265

Net income (loss)
 
110,025

 
39,475

 
(12,920
)
 
136,580

Preferred stock dividends of subsidiaries
 
1,496

 
—

 
(79
)
 
1,417

Net income (loss) for common stock
 
108,529

 
39,475

 
(12,841
)
 
135,163

Assets (at September 30, 2014)
 
5,225,162

 
5,442,336

 
2,973

 
10,670,471

 
 
 
 
 
 
 
 
 
Three months ended September 30, 2013
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
764,048

 
$
65,058

 
$
62

 
$
829,168

Intersegment revenues (eliminations)
 
6

 
—

 
(6
)
 
—

Revenues
 
764,054

 
65,058

 
56

 
829,168

Income (loss) before income taxes
 
56,573

 
22,808

 
(8,633
)
 
70,748

Income taxes (benefit)
 
18,258

 
7,532

 
(3,749
)
 
22,041

Net income (loss)
 
38,315

 
15,276

 
(4,884
)
 
48,707

Preferred stock dividends of subsidiaries
 
498

 
—

 
(27
)
 
471

Net income (loss) for common stock
 
37,817

 
15,276

 
(4,857
)
 
48,236

 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2013
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
2,210,002

 
$
195,841

 
$
124

 
$
2,405,967

Intersegment revenues (eliminations)
 
18

 
—

 
(18
)
 
—

Revenues
 
2,210,020

 
195,841

 
106

 
2,405,967

Income (loss) before income taxes
 
141,645

 
69,265

 
(24,400
)
 
186,510

Income taxes (benefit)
 
49,210

 
23,915

 
(10,535
)
 
62,590

Net income (loss)
 
92,435

 
45,350

 
(13,865
)
 
123,920

Preferred stock dividends of subsidiaries
 
1,496

 
—

 
(79
)
 
1,417

Net income (loss) for common stock
 
90,939

 
45,350

 
(13,786
)
 
122,503

Assets (at December 31, 2013)
 
5,087,129

 
5,243,824

 
9,091

 
10,340,044


 
Intercompany electricity sales of the Utilities to the bank and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by the Utilities, the profit on such sales is nominal and the elimination of electric sales revenues and expenses could distort segment operating income and net income for common stock.
Bank fees that ASB charges the Utilities and “other” segments are not eliminated because those segments would pay fees to another financial institution if they were to bank with another institution, the profit on such fees is nominal and the elimination of bank fee income and expenses could distort segment operating income and net income for common stock.