Financial Fundamentals

Annual Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Electric Operations 8.81M 8.87M 8.97M 9.30M
Gas Operations 3.31M 2.49M 2.31M 2.63M
Revenue 12.12M 11.36M 11.28M 11.93M
Other Non-Utility Revenue 464.00 380.00 408.00 509.00
Other Revenue, Total 464.00 380.00 408.00 509.00
Total Revenue 12.59M 11.74M 11.68M 12.44M
Purchased Power 6.00 99.00 330.00 361.00
Fuel Purchased for Resale
Cost of Revenue, Total 6.00 99.00 330.00 361.00
Fuel Expense 2.94M 2.73M 3.25M 4.82M
Operations & Maintenance 2.87M 3.06M 2.60M 2.77M
Depreciation 1.91M 1.56M 1.40M 1.29M
Depreciation/Amortization 1.91M 1.56M 1.40M 1.29M
Investment Income - Operating 63.00 66.00 28.00 -62.00
Interest/Investment Income - Operating 63.00 66.00 28.00 -62.00
Interest Expense (Income), Net-Operating, Total 63.00 66.00 28.00 -62.00
Other Unusual Expense (Income)
Unusual Expense (Income)
Property & Other Taxes 668.00 596.00 551.00 542.00
Other Operating Expenses, Total 668.00 596.00 551.00 542.00
Total Operating Expense 8.46M 8.11M 8.15M 9.72M
Operating Income 4.13M 3.63M 3.54M 2.72M
Interest Expense - Non-Operating -1,205.00 -1,010.00 -904.00 -1,193.00
Interest Expense, Net Non-Operating -1,205.00 -1,010.00 -904.00 -1,193.00
Investment Income, Non-Operating 14.00
Interest/Investment Income, Non-Operating 14.00
Interest Income (Expense), Net-Non-Operating, Total -1,191.00 -1,010.00 -904.00 -1,193.00
Other Non-Operating Income (Expense) 151.00 250.00 196.00 250.00
Other, Net 151.00 250.00 196.00 250.00
Net Income Before Taxes 3.09M 2.87M 2.83M 1.78M
Income Tax – Total 821.00 655.00 905.00 452.00
Income After Tax 2.27M 2.21M 1.92M 1.33M
Minority Interest -121.00 -89.00 -24.00 -16.00
Net Income Before Extraordinary Items 2.15M 2.12M 1.90M 1.31M
Discontinued Operations -- --
Extraordinary Item 851.00
Total Extraordinary Items 851.00 -- --
Net Income 3.00M 2.12M 1.90M 1.31M
Income Available to Common Excluding Extraordinary Items 2.15M 2.12M 1.90M 1.31M
Income Available to Common Stocks Including Extraordinary Items 3.00M 2.12M 1.90M 1.31M
Basic Weighted Average Shares 636.00 616.40 592.40 582.70
Basic EPS Excluding Extraordinary Items 3.38 3.44 3.21 2.25
Basic EPS Including Extraordinary Items 4.72 3.44 3.21 2.25
Dilution Adjustment
Diluted Net Income 3.00M 2.12M 1.90M 1.31M
Diluted Weighted Average Shares 636.00 617.10 593.70 584.50
Diluted EPS Excluding Extraordinary Items 3.38 3.44 3.20 2.24
Diluted EPS Including Extraordinary Items 4.72 3.44 3.20 2.24
DPS - Common Stock Primary Issue 3.04 2.80 2.59 2.40
Gross Dividends - Common Stock 1.93M 1.73M 1.54M 1.41M
Impairment-Assets Held for Use, Supplemental
Litigation Charge, Supplemental
Other Unusual Expense (Income), Supplemental
Non-Recurring Items, Total
Total Special Items
Normalized Income Before Taxes 3.09M 2.87M 2.83M 1.78M
Effect of Special Items on Income Taxes
Income Taxes Excluding Impact of Special Items 821.00 655.00 905.00 452.00
Normalized Income After Taxes 2.27M 2.21M 1.92M 1.33M
Normalized Income Available to Common 2.15M 2.12M 1.90M 1.31M
Basic Normalized EPS 3.38 3.44 3.21 2.25
Diluted Normalized EPS 3.38 3.44 3.20 2.24
Amortization of Intangibles, Supplemental 80.00 73.00 78.00 71.00
Depreciation, Supplemental 2.12M 1.78M 1.59M 1.49M
Interest Expense, Supplemental 1.21M 1.01M 904.00 1.19M
Interest Capitalized, Supplemental -236.00 -159.00 -100.00 -80.00
Rental Expense, Supplemental 113.00 104.00 99.00 92.00
Stock-Based Compensation, Supplemental 45.00 33.00 39.00 39.00
Equity in Affiliates, Supplemental 14.00
Minority Interest, Supplemental -121.00 -89.00 -24.00 -16.00
Audit-Related Fees, Supplemental 8.22 7.67 6.12 6.93
Audit-Related Fees 0.59 0.49 0.55 0.55
Tax Fees, Supplemental -- -- -- --
All Other Fees Paid to Auditor, Supplemental -- -- -- 0.02
Operating Margin 32.81 30.90 30.27 21.88
Pretax Margin 24.55 24.43 24.21 14.30
Effective Tax Rate 26.57 22.85 32.00 25.42
Net Profit Margin 17.07 18.09 16.25 10.53
Normalized EBIT 4.19M 3.69M 3.56M 2.66M
Normalized EBITDA 6.40M 5.54M 5.23M 4.22M
Current Tax - Domestic -1.00 -155.00 -24.00 -11.00
Current Tax - Local -26.00 85.00 75.00 14.00
Current Tax - Total -27.00 -70.00 51.00 3.00
Deferred Tax - Domestic 713.00 641.00 789.00 452.00
Deferred Tax - Local 132.00 50.00 66.00 -2.00
Deferred Tax - Total 845.00 691.00 855.00 450.00
Other Tax 3.00 34.00 -1.00 -1.00
Income Tax - Total 821.00 655.00 905.00 452.00
Interest Cost - Domestic 345.00 317.00 287.00 290.00
Service Cost - Domestic 138.00 118.00 126.00 114.00
Prior Service Cost - Domestic 1.00 1.00 2.00 3.00
Expected Return on Assets - Domestic -639.00 -573.00 -531.00 -499.00
Actuarial Gains and Losses - Domestic 162.00 111.00 160.00 111.00
Curtailments & Settlements - Domestic -- -- -- 1.00
Domestic Pension Plan Expense 7.00 -26.00 44.00 20.00
Interest Cost - Post-Retirement 60.00 65.00 67.00 67.00
Service Cost - Post-Retirement 26.00 31.00 40.00 32.00
Prior Service Cost - Post-Retirement -51.00 -35.00 -27.00 -28.00
Expected Return on Assets - Post-Retirement -128.00 -118.00 -117.00 -111.00
Actuarial Gains and Losses - Post-Retirement 13.00 8.00 6.00 2.00
Curtailments & Settlements - Post-Retirement -- 1.00 -- --
Post-Retirement Plan Expense -80.00 -48.00 -31.00 -38.00
Defined Contribution Expense - Domestic 44.00 43.00 41.00
Total Pension Expense -73.00 -30.00 56.00 23.00
Discount Rate - Domestic 4.50 4.99 5.30
Discount Rate - Post-Retirement 4.47 4.94 4.40 5.10
Expected Rate of Return - Domestic 8.75 8.75 8.75 8.75
Expected Rate of Return - Post-Retirement 8.50 8.50 8.50 8.50
Compensation Rate - Domestic 3.29 4.22 4.22 4.22
Compensation Rate - Post-Retirement 4.09 4.22 4.22 4.21
Total Plan Interest Cost 405.00 382.00 354.00 357.00
Total Plan Service Cost 164.00 149.00 166.00 146.00
Total Plan Expected Return -767.00 -691.00 -648.00 -610.00

In millions of USD (except for per share items)

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