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v3.22.4

Segment financial information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of segment financial information | Segment financial information was as follows:
(in thousands) | Electric utility |  | Bank |  | Other |  | Total
2022 |  |  |  |  |  |  |
Revenues from external customers | $ | 3,408,583 |  |  | $ | 321,068 |  |  | $ | 12,334 |  |  | $ | 3,741,985 |
Intersegment revenues (eliminations) | 4 |  |  | — |  |  | (4) |  |  | — |
Revenues | 3,408,587 |  |  | 321,068 |  |  | 12,330 |  |  | 3,741,985 |
Depreciation and amortization | 260,744 |  |  | 24,436 |  |  | 9,661 |  |  | 294,841 |
Interest expense, net | 76,416 |  |  | 13,301 |  |  | 26,986 |  |  | 116,703 |
Income (loss) before income taxes | 240,600 |  |  | 102,241 |  |  | (38,646) |  |  | 304,195 |
Income taxes (benefit) | 49,676 |  |  | 22,252 |  |  | (10,761) |  |  | 61,167 |
Net income (loss) | 190,924 |  |  | 79,989 |  |  | (27,885) |  |  | 243,028 |
Preferred stock dividends of subsidiaries | 1,995 |  |  | — |  |  | (105) |  |  | 1,890 |
Net income (loss) for common stock | 188,929 |  |  | 79,989 |  |  | (27,780) |  |  | 241,138 |
Capital expenditures 1 | 329,457 |  |  | 4,704 |  |  | 9,876 |  |  | 344,037 |
Assets (at December 31, 2022) | 6,597,467 |  |  | 9,545,970 |  |  | 140,807 |  |  | 16,284,244 |
2021 |  |  |  |  |  |  |
Revenues from external customers | $ | 2,539,589 |  |  | $ | 306,398 |  |  | $ | 4,392 |  |  | $ | 2,850,379 |
Intersegment revenues (eliminations) | 47 |  |  | — |  |  | (47) |  |  | — |
Revenues | 2,539,636 |  |  | 306,398 |  |  | 4,345 |  |  | 2,850,379 |
Depreciation and amortization | 251,206 |  |  | 21,124 |  |  | 6,372 |  |  | 278,702 |
Interest expense, net | 72,447 |  |  | 5,040 |  |  | 21,916 |  |  | 99,403 |
Income (loss) before income taxes | 223,785 |  |  | 130,559 |  |  | (43,481) |  |  | 310,863 |
Income taxes (benefit) | 44,148 |  |  | 29,325 |  |  | (10,666) |  |  | 62,807 |
Net income (loss) | 179,637 |  |  | 101,234 |  |  | (32,815) |  |  | 248,056 |
Preferred stock dividends of subsidiaries | 1,995 |  |  | — |  |  | (105) |  |  | 1,890 |
Net income (loss) for common stock | 177,642 |  |  | 101,234 |  |  | (32,710) |  |  | 246,166 |
Capital expenditures 1 | 292,000 |  |  | 11,131 |  |  | 11,393 |  |  | 314,524 |
Assets (at December 31, 2021) | 6,491,625 |  |  | 9,181,603 |  |  | 149,409 |  |  | 15,822,637 |
2020 |  |  |  |  |  |  |
Revenues from external customers | $ | 2,265,281 |  |  | $ | 313,511 |  |  | $ | 983 |  |  | $ | 2,579,775 |
Intersegment revenues (eliminations) | 39 |  |  | — |  |  | (39) |  |  | — |
Revenues | 2,265,320 |  |  | 313,511 |  |  | 944 |  |  | 2,579,775 |
Depreciation and amortization | 256,479 |  |  | 29,349 |  |  | 4,950 |  |  | 290,778 |
Interest expense, net | 67,794 |  |  | 11,114 |  |  | 20,900 |  |  | 99,808 |
Income (loss) before income taxes | 211,753 |  |  | 69,271 |  |  | (40,400) |  |  | 240,624 |
Income taxes (benefit) | 40,418 |  |  | 11,688 |  |  | (11,196) |  |  | 40,910 |
Net income (loss) | 171,335 |  |  | 57,583 |  |  | (29,204) |  |  | 199,714 |
Preferred stock dividends of subsidiaries | 1,995 |  |  | — |  |  | (105) |  |  | 1,890 |
Net income (loss) for common stock | 169,340 |  |  | 57,583 |  |  | (29,099) |  |  | 197,824 |
Capital expenditures 1 | 350,864 |  |  | 12,203 |  |  | 20,828 |  |  | 383,895 |
Assets (at December 31, 2020) | 6,457,373 |  |  | 8,396,533 |  |  | 150,101 |  |  | 15,004,007 |
1 Contributions in aid of construction balances are included in capital expenditures.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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