Fundamentals - Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified)
Electric Operations 2,122.30 2,231.60 2,270.30 2,261.10
Gas Operations -- -- -- --
Revenue 2,122.30 2,231.60 2,270.30 2,261.10
Total Revenue 2,122.30 2,231.60 2,270.30 2,261.10
Cost of Revenue 644.60 786.90 892.50 897.60
Cost of Revenue, Total 644.60 786.90 892.50 897.60
Operations & Maintenance 462.80 491.80 474.60 458.70
Depreciation 391.30 355.00 321.60 283.50
Depreciation/Amortization 391.30 355.00 321.60 283.50
Impairment-Assets Held for Use -- -- -- --
Other Unusual Expense (Income) -- -- -- --
Unusual Expense (Income) -- -- -- --
Property & Other Taxes 101.40 93.60 92.00 89.40
Other Operating Expenses, Total 101.40 93.60 92.00 89.40
Total Operating Expense 1,600.10 1,727.30 1,780.70 1,729.20
Operating Income 522.20 504.30 489.60 531.90
Interest Expense - Non-Operating -160.40 -150.70 -167.70 -161.80
Interest Capitalized - Non-Operating 1.90 2.80 11.70 18.00
Interest Expense, Net Non-Operating -158.50 -147.90 -156.00 -143.80
Interest Income, Non-Operating -- -- -- --
Investment Income, Non-Operating -668.00 113.90 152.80 131.20
Interest/Investment Income, Non-Operating -668.00 113.90 152.80 131.20
Interest Income (Expense), Net-Non-Operating, Total -826.50 -34.00 -3.20 -12.60
Allowance for Funds Used During Construction 4.80 4.50 23.80 39.70
Other Non-Operating Income (Expense) -1.60 -11.40 -12.50 10.70
Other, Net -1.60 -11.40 -12.50 10.70
Net Income Before Taxes -301.10 463.40 497.70 569.70
Income Tax – Total -127.40 29.80 72.20 195.90
Income After Tax -173.70 433.60 425.50 373.80
Minority Interest -- -- -- --
Net Income Before Extraordinary Items -173.70 433.60 425.50 373.80
Extraordinary Item -- -- -- 245.20
Total Extraordinary Items -- -- -- 245.20
Net Income -173.70 433.60 425.50 619.00
Income Available to Common Excluding Extraordinary Items -173.70 433.60 425.50 373.80
Income Available to Common Stocks Including Extraordinary Items -173.70 433.60 425.50 619.00
Basic Weighted Average Shares 200.10 200.10 199.70 199.70
Basic EPS Excluding Extraordinary Items -0.87 2.17 2.13 1.87
Basic EPS Including Extraordinary Items -0.87 2.17 2.13 3.10
Diluted Net Income -173.70 433.60 425.50 619.00
Diluted Weighted Average Shares 200.10 200.70 200.50 200.00
Diluted EPS Excluding Extraordinary Items -0.87 2.16 2.12 1.87
Diluted EPS Including Extraordinary Items -0.87 2.16 2.12 3.10
DPS - Common Stock Primary Issue 1.57 1.48 1.36 1.24
Gross Dividends - Common Stock 317.80 303.80 278.70 253.60
Total Special Items -- -- -- --
Normalized Income Before Taxes -301.10 463.40 497.70 569.70
Effect of Special Items on Income Taxes -- -- -- --
Income Taxes Excluding Impact of Special Items -127.40 29.80 72.20 195.90
Normalized Income After Taxes -173.70 433.60 425.50 373.80
Normalized Income Available to Common -173.70 433.60 425.50 373.80
Basic Normalized EPS -0.87 2.17 2.13 1.87
Diluted Normalized EPS -0.87 2.16 2.12 1.87
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 391.30 355.00 321.60 283.50
Interest Expense, Supplemental 160.40 150.70 167.70 161.80
Interest Capitalized, Supplemental -1.90 -2.80 -11.70 -18.00
Rental Expense, Supplemental 6.40 6.00 35.00 27.00
Stock-Based Compensation, Supplemental 9.80 13.90 13.40 9.10
Equity in Affiliates, Supplemental -668.00 113.90 152.80 131.20
Minority Interest, Supplemental -- -- -- --
Audit-Related Fees, Supplemental 1.53 1.54 1.51 1.65
Audit-Related Fees 0.13 0.15 0.14 0.14
Tax Fees, Supplemental 0.10 0.11 0.11 0.11
Operating Margin 24.61 22.60 21.57 23.52
Pretax Margin -14.19 20.77 21.92 25.20
Effective Tax Rate -- 6.43 14.51 34.39
Net Profit Margin -8.18 19.43 18.74 16.53
Normalized EBIT 522.20 504.30 489.60 531.90
Normalized EBITDA 913.50 859.30 811.20 815.40
Current Tax - Domestic 8.40 -6.40 -1.90 4.90
Current Tax - Local 0.50 5.10 -4.40 -4.20
Current Tax - Total 8.90 -1.30 -6.30 0.70
Deferred Tax - Domestic -105.20 48.50 74.70 169.30
Deferred Tax - Local -31.10 -17.40 3.70 26.00
Deferred Tax - Other -- 0.00 0.10 -0.10
Deferred Tax - Total -136.30 31.10 78.50 195.20
Other Tax -- -- -- --
Income Tax - Total -127.40 29.80 72.20 195.90
Interest Cost - Domestic 17.00 20.70 23.80 26.20
Service Cost - Domestic 13.20 12.90 14.90 15.50
Prior Service Cost - Domestic -- 0.00 0.00 -0.10
Expected Return on Assets - Domestic -37.60 -36.10 -19.00 -27.30
Actuarial Gains and Losses - Domestic 17.10 17.30 16.20 17.40
Curtailments & Settlements - Domestic 14.10 27.60 -- --
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic 7.60 -- -- --
Domestic Pension Plan Expense 31.40 42.40 35.90 31.70
Interest Cost - Post-Retirement 4.20 0.70 5.70 7.50
Service Cost - Post-Retirement 0.20 6.00 0.70 0.90
Prior Service Cost - Post-Retirement -8.40 -8.40 -8.30 -3.40
Expected Return on Assets - Post-Retirement -1.80 -1.90 -2.00 -2.20
Actuarial Gains and Losses - Post-Retirement 2.00 2.50 4.50 2.40
Curtailments & Settlements - Post-Retirement 1.50 0.50 1.00 0.60
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense -2.30 -0.60 1.60 5.80
Defined Contribution Expense - Domestic 18.20 14.40 13.20 13.20
Total Pension Expense 47.30 56.20 50.70 50.70
Discount Rate - Domestic 2.88 3.63 4.20 3.60
Discount Rate - Post-Retirement 3.25 4.30 4.30 3.70
Expected Rate of Return - Domestic 7.50 7.50 7.50 7.50
Expected Rate of Return - Post-Retirement 4.00 4.00 4.00 4.00
Compensation Rate - Domestic 4.20 4.20 4.20 4.20
Total Plan Interest Cost 21.20 21.40 29.50 33.70
Total Plan Service Cost 13.40 18.90 15.60 16.40
Total Plan Expected Return -39.40 -38.00 -21.00 -29.50
Total Plan Other Expense 7.60 -- -- --

In millions of USD (except for per share items)

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