Fundamentals - Income Statement

  Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update)
Electric Operations 3,375.70 3,653.70 2,122.30 2,231.60
Gas Operations -- -- -- --
Revenue 3,375.70 3,653.70 2,122.30 2,231.60
Total Revenue 3,375.70 3,653.70 2,122.30 2,231.60
Cost of Revenue 1,662.40 2,127.60 644.60 786.90
Cost of Revenue, Total 1,662.40 2,127.60 644.60 786.90
Operations & Maintenance 501.40 463.10 462.80 491.80
Depreciation 460.90 416.00 391.30 355.00
Depreciation/Amortization 460.90 416.00 391.30 355.00
Impairment-Assets Held for Use -- -- -- --
Other Unusual Expense (Income) 0.00 -344.40 -- --
Unusual Expense (Income) 0.00 -344.40 -- --
Property & Other Taxes 101.50 102.80 101.40 93.60
Other Operating Expenses, Total 101.50 102.80 101.40 93.60
Total Operating Expense 2,726.20 2,765.10 1,600.10 1,727.30
Operating Income 649.50 888.60 522.20 504.30
Interest Expense - Non-Operating -170.30 -161.80 -160.40 -150.70
Interest Capitalized - Non-Operating 4.00 3.50 1.90 2.80
Interest Expense, Net Non-Operating -166.30 -158.30 -158.50 -147.90
Investment Income, Non-Operating 282.10 161.20 -668.00 113.90
Interest/Investment Income, Non-Operating 282.10 161.20 -668.00 113.90
Interest Income (Expense), Net-Non-Operating, Total 115.80 2.90 -826.50 -34.00
Allowance for Funds Used During Construction 6.90 6.70 4.80 4.50
Other Non-Operating Income (Expense) 17.10 -19.70 -1.60 -11.40
Other, Net 17.10 -19.70 -1.60 -11.40
Net Income Before Taxes 789.30 878.50 -301.10 463.40
Income Tax – Total 123.60 141.20 -127.40 29.80
Income After Tax 665.70 737.30 -173.70 433.60
Minority Interest -- -- -- --
Net Income Before Extraordinary Items 665.70 737.30 -173.70 433.60
Extraordinary Item -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 665.70 737.30 -173.70 433.60
Income Available to Common Excluding Extraordinary Items 665.70 737.30 -173.70 433.60
Income Available to Common Stocks Including Extraordinary Items 665.70 737.30 -173.70 433.60
Basic Weighted Average Shares 200.20 200.10 200.10 200.10
Basic EPS Excluding Extraordinary Items 3.33 3.68 -0.87 2.17
Basic EPS Including Extraordinary Items 3.33 3.68 -0.87 2.17
Dilution Adjustment -- 0.00 -- --
Diluted Net Income 665.70 737.30 -173.70 433.60
Diluted Weighted Average Shares 200.80 200.30 200.10 200.70
Diluted EPS Excluding Extraordinary Items 3.32 3.68 -0.87 2.16
Diluted EPS Including Extraordinary Items 3.32 3.68 -0.87 2.16
DPS - Common Stock Primary Issue 1.64 1.62 1.57 1.48
Gross Dividends - Common Stock 330.20 326.50 317.80 303.80
Total Special Items 0.00 -344.40 -- --
Normalized Income Before Taxes 789.30 534.10 -301.10 463.40
Effect of Special Items on Income Taxes 0.00 -55.35 -- --
Income Taxes Excluding Impact of Special Items 123.60 85.85 -127.40 29.80
Normalized Income After Taxes 665.70 448.25 -173.70 433.60
Normalized Income Available to Common 665.70 448.25 -173.70 433.60
Basic Normalized EPS 3.33 2.24 -0.87 2.17
Diluted Normalized EPS 3.32 2.24 -0.87 2.16
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 460.90 416.00 391.30 355.00
Interest Expense, Supplemental 170.30 161.80 160.40 150.70
Interest Capitalized, Supplemental -4.00 -3.50 -1.90 -2.80
Rental Expense, Supplemental 5.90 6.30 6.40 6.00
Stock-Based Compensation, Supplemental 9.70 9.80 9.80 13.90
Equity in Affiliates, Supplemental 0.00 169.80 -668.00 113.90
Minority Interest, Supplemental -- -- -- --
Audit-Related Fees, Supplemental 1.74 1.64 1.53 1.54
Audit-Related Fees 0.14 0.13 0.13 0.15
Tax Fees, Supplemental 0.25 0.27 0.10 0.11
Operating Margin 19.24 24.32 24.61 22.60
Pretax Margin 23.38 24.04 -14.19 20.77
Effective Tax Rate 15.66 16.07 -- 6.43
Net Profit Margin 19.72 20.18 -8.18 19.43
Normalized EBIT 649.50 544.20 522.20 504.30
Normalized EBITDA 1,110.40 960.20 913.50 859.30
Current Tax - Domestic 250.80 16.40 8.40 -6.40
Current Tax - Local 28.80 1.70 0.50 5.10
Current Tax - Total 279.60 18.10 8.90 -1.30
Deferred Tax - Domestic -110.80 133.10 -105.20 48.50
Deferred Tax - Local -45.20 -10.00 -31.10 -17.40
Deferred Tax - Other -- -- -- 0.00
Deferred Tax - Total -156.00 123.10 -136.30 31.10
Income Tax - Total 123.60 141.20 -127.40 29.80
Interest Cost - Domestic 15.70 13.30 17.00 20.70
Service Cost - Domestic 7.60 11.20 13.20 12.90
Prior Service Cost - Domestic -- -- -- 0.00
Expected Return on Assets - Domestic -25.40 -34.10 -37.60 -36.10
Actuarial Gains and Losses - Domestic 8.90 9.40 17.10 17.30
Curtailments & Settlements - Domestic 30.60 41.30 14.10 27.60
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic 0.00 0.00 7.60 --
Domestic Pension Plan Expense 37.40 41.10 31.40 42.40
Interest Cost - Post-Retirement 3.50 3.40 4.20 0.70
Service Cost - Post-Retirement 0.20 0.20 0.20 6.00
Prior Service Cost - Post-Retirement -3.80 -6.90 -8.40 -8.40
Expected Return on Assets - Post-Retirement -1.80 -1.80 -1.80 -1.90
Actuarial Gains and Losses - Post-Retirement 1.50 2.80 2.00 2.50
Curtailments & Settlements - Post-Retirement -- 0.00 1.50 0.50
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense -0.40 -2.30 -2.30 -0.60
Defined Contribution Expense - Domestic 17.10 15.40 18.20 14.40
Total Pension Expense 54.10 54.20 47.30 56.20
Discount Rate - Domestic 4.01 2.63 2.88 3.63
Discount Rate - Post-Retirement 2.80 3.50 3.25 4.30
Expected Rate of Return - Domestic 7.00 7.00 7.50 7.50
Expected Rate of Return - Post-Retirement 4.00 7.50 4.00 4.00
Compensation Rate - Domestic 4.20 4.20 4.20 4.20
Total Plan Interest Cost 19.20 16.70 21.20 21.40
Total Plan Service Cost 7.80 11.40 13.40 18.90
Total Plan Expected Return -27.20 -35.90 -39.40 -38.00
Total Plan Other Expense 0.00 0.00 7.60 --

In millions of USD (except for per share items)

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