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  Year Ending Dec 2025 (Update) Year Ending Dec 2024 (Update) Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update)
Electric Operations 3,260.10 2,985.30 2,674.30 3,375.70
Revenue 3,260.10 2,985.30 2,674.30 3,375.70
Total Revenue 3,260.10 2,985.30 2,674.30 3,375.70
Cost of Revenue 1,259.90 1,076.40 911.70 1,662.40
Cost of Revenue, Total 1,259.90 1,076.40 911.70 1,662.40
Operations & Maintenance 531.60 514.40 502.60 501.40
Depreciation 559.80 539.50 506.60 460.90
Depreciation/Amortization 559.80 539.50 506.60 460.90
Other Unusual Expense (Income) -- -- 0.00 0.00
Unusual Expense (Income) -- -- 0.00 0.00
Property & Other Taxes 109.40 109.70 103.20 101.50
Other Operating Expenses, Total 109.40 109.70 103.20 101.50
Total Operating Expense 2,460.70 2,240.00 2,024.10 2,726.20
Operating Income 799.40 745.30 650.20 649.50
Interest Expense - Non-Operating -286.10 -269.10 -228.50 -170.30
Interest Capitalized - Non-Operating 15.80 14.60 7.10 4.00
Interest Expense, Net Non-Operating -270.30 -254.50 -221.40 -166.30
Investment Income, Non-Operating -- 0.00 0.00 282.10
Interest/Investment Income, Non-Operating -- 0.00 0.00 282.10
Interest Income (Expense), Net-Non-Operating, Total -270.30 -254.50 -221.40 115.80
Allowance for Funds Used During Construction 26.00 25.50 19.40 6.90
Other Non-Operating Income (Expense) 5.40 4.30 24.80 17.10
Other, Net 5.40 4.30 24.80 17.10
Net Income Before Taxes 560.50 520.60 473.00 789.30
Income Tax – Total 89.80 79.10 56.20 123.60
Income After Tax 470.70 441.50 416.80 665.70
Net Income Before Extraordinary Items 470.70 441.50 416.80 665.70
Extraordinary Item -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 470.70 441.50 416.80 665.70
Income Available to Common Excluding Extraordinary Items 470.70 441.50 416.80 665.70
Income Available to Common Stocks Including Extraordinary Items 470.70 441.50 416.80 665.70
Basic Weighted Average Shares 201.90 200.80 200.30 200.20
Basic EPS Excluding Extraordinary Items 2.33 2.20 2.08 3.33
Basic EPS Including Extraordinary Items 2.33 2.20 2.08 3.33
Dilution Adjustment -- -- -- --
Diluted Net Income 470.70 441.50 416.80 665.70
Diluted Weighted Average Shares 202.50 201.30 200.90 200.80
Diluted EPS Excluding Extraordinary Items 2.32 2.19 2.07 3.32
Diluted EPS Including Extraordinary Items 2.32 2.19 2.07 3.32
DPS - Common Stock Primary Issue 1.69 1.68 1.66 1.64
Gross Dividends - Common Stock 344.90 339.50 334.00 330.20
Total Special Items -- -- 0.00 0.00
Normalized Income Before Taxes 560.50 520.60 473.00 789.30
Effect of Special Items on Income Taxes -- -- 0.00 0.00
Income Taxes Excluding Impact of Special Items 89.80 79.10 56.20 123.60
Normalized Income After Taxes 470.70 441.50 416.80 665.70
Normalized Income Available to Common 470.70 441.50 416.80 665.70
Basic Normalized EPS 2.33 2.20 2.08 3.33
Diluted Normalized EPS 2.32 2.19 2.07 3.32
Depreciation, Supplemental 559.80 539.50 506.60 460.90
Interest Expense, Supplemental 286.10 269.10 228.50 170.30
Interest Capitalized, Supplemental -15.80 -14.60 -7.10 -4.00
Rental Expense, Supplemental 5.20 4.70 6.40 5.90
Stock-Based Compensation, Supplemental 14.00 11.70 13.10 9.70
Equity in Affiliates, Supplemental -- -- 0.00 0.00
Audit-Related Fees, Supplemental 2.60 2.25 1.90 1.74
Audit-Related Fees 0.19 0.21 0.22 0.14
Tax Fees, Supplemental 0.24 0.24 0.28 0.25
Operating Margin 24.52 24.97 24.31 19.24
Pretax Margin 17.19 17.44 17.69 23.38
Effective Tax Rate 16.02 15.19 11.88 15.66
Net Profit Margin 14.44 14.79 15.59 19.72
Normalized EBIT 799.40 745.30 650.20 649.50
Normalized EBITDA 1,359.20 1,284.80 1,156.80 1,110.40
Current Tax - Domestic 29.30 62.00 46.10 250.80
Current Tax - Local 0.30 0.80 -2.20 28.80
Current Tax - Total 29.60 62.80 43.90 279.60
Deferred Tax - Domestic 49.70 8.00 18.10 -110.80
Deferred Tax - Local 10.50 8.30 -5.80 -45.20
Deferred Tax - Other -- -- -- --
Deferred Tax - Total 60.20 16.30 12.30 -156.00
Income Tax - Total 89.80 79.10 56.20 123.60
Interest Cost - Domestic 16.20 15.60 15.90 15.70
Service Cost - Domestic 5.40 5.30 5.40 7.60
Prior Service Cost - Domestic -- -- -- --
Expected Return on Assets - Domestic -16.50 -16.50 -16.20 -25.40
Actuarial Gains and Losses - Domestic 6.20 6.50 8.00 8.90
Curtailments & Settlements - Domestic 0.00 0.00 21.80 30.60
Other Pension, Net - Domestic 0.50 -- 0.00 0.00
Domestic Pension Plan Expense 11.80 10.90 34.90 37.40
Interest Cost - Post-Retirement 5.40 5.20 5.20 3.50
Service Cost - Post-Retirement 0.10 0.10 0.10 0.20
Prior Service Cost - Post-Retirement -- 0.00 0.00 -3.80
Expected Return on Assets - Post-Retirement -1.70 -1.60 -1.70 -1.80
Actuarial Gains and Losses - Post-Retirement 0.40 -0.20 -0.20 1.50
Curtailments & Settlements - Post-Retirement -- -- -- --
Post-Retirement Plan Expense 4.20 3.50 3.40 -0.40
Defined Contribution Expense - Domestic 21.90 21.40 19.60 17.10
Total Pension Expense 37.90 35.80 57.90 54.10
Discount Rate - Domestic 5.45 5.70 5.45 4.01
Discount Rate - Post-Retirement 5.45 5.70 5.40 2.80
Expected Rate of Return - Domestic 7.00 7.00 7.00 7.00
Expected Rate of Return - Post-Retirement 4.50 4.00 4.00 4.00
Compensation Rate - Domestic 4.20 4.20 4.20 4.20
Total Plan Interest Cost 21.60 20.80 21.10 19.20
Total Plan Service Cost 5.50 5.40 5.50 7.80
Total Plan Expected Return -18.20 -18.10 -17.90 -27.20
Total Plan Other Expense 0.50 -- 0.00 0.00

In millions of USD (except for per share items)

For a more complete picture of our financial results, please review our SEC Filings

Source: LSEG