Annual Income Statement

Time Frame: Annual | Quarterly

Period Ended 12/31/17 12/31/16 12/31/15 12/31/14 12/31/13
  Update Update Update Update Reclassified
  05/02/18 05/02/18 05/02/18 05/02/18 05/02/18
In millions of USD (except for per share items)
Electric Operations 12,320.00 11,869.00 11,524.00 13,413.00 12,581.00
Revenue 12,320.00 11,869.00 11,524.00 13,413.00 12,581.00
Total Revenue 12,320.00 11,869.00 11,524.00 13,413.00 12,581.00
Purchased Power 4,873.00 4,527.00 4,266.00 5,593.00 4,891.00
Cost of Revenue, Total 4,873.00 4,527.00 4,266.00 5,593.00 4,891.00
Operations & Maintenance 2,807.00 2,868.00 2,990.00 3,149.00 3,473.00
Depreciation 2,041.00 2,007.00 1,919.00 1,720.00 1,622.00
Depreciation/Amortization 2,041.00 2,007.00 1,919.00 1,720.00 1,622.00
Impairment-Assets Held for Use 738.00 21.00 5.00 157.00 571.00
Unusual Expense (Income) 738.00 21.00 5.00 157.00 571.00
Property & Other Taxes 377.00 354.00 336.00 322.00 309.00
Other Operating Expense -9.00 -- -- -- --
Other Operating Expenses, Total 368.00 354.00 336.00 322.00 309.00
Total Operating Expense 10,827.00 9,777.00 9,516.00 10,941.00 10,866.00
Operating Income 1,493.00 2,092.00 2,008.00 2,472.00 1,715.00
Interest Expense - Non-Operating -639.00 -581.00 -555.00 -560.00 -544.00
Interest Expense, Net Non-Operating -639.00 -581.00 -555.00 -560.00 -544.00
Interest Income(Exp), Net Non-Operating 146.00 123.00 174.00 147.00 124.00
Interest Inc.(Exp.),Net-Non-Op., Total -493.00 -458.00 -381.00 -413.00 -420.00
Other Non-Operating Income (Expense) -51.00 -44.00 -59.00 -80.00 -74.00
Other, Net -51.00 -44.00 -59.00 -80.00 -74.00
Net Income Before Taxes 949.00 1,590.00 1,568.00 1,979.00 1,221.00
Provision for Income Taxes -185.00 177.00 486.00 443.00 242.00
Net Income After Taxes 1,134.00 1,413.00 1,082.00 1,536.00 979.00
Minority Interest 21.00 9.00 16.00 3.00 0.00
Net Income Before Extra. Items 1,155.00 1,422.00 1,098.00 1,539.00 979.00
Discontinued Operations -- 1.00 14.00 185.00 36.00
Extraordinary Item -466.00 -- -- -- --
Tax on Extraordinary Items 0.00 11.00 21.00 -- --
Total Extraordinary Items -466.00 12.00 35.00 185.00 36.00
Net Income 689.00 1,434.00 1,133.00 1,724.00 1,015.00
Preferred Dividends -124.00 -123.00 -113.00 -112.00 -100.00
Miscellaneous Earnings Adjustment 0.00 -- -- -- --
Total Adjustments to Net Income -124.00 -123.00 -113.00 -112.00 -100.00
Income Available to Com Excl ExtraOrd 1,031.00 1,299.00 985.00 1,427.00 879.00
Income Available to Com Incl ExtraOrd 565.00 1,311.00 1,020.00 1,612.00 915.00
Basic Weighted Average Shares 326.00 326.00 326.00 326.00 326.00
Basic EPS Excluding Extraordinary Items 3.16 3.98 3.02 4.38 2.70
Basic EPS Including Extraordinary Items 1.73 4.02 3.13 4.94 2.81
Dilution Adjustment 0.00 1.00 1.00 1.00 1.00
Diluted Net Income 565.00 1,312.00 1,021.00 1,613.00 916.00
Diluted Weighted Average Shares 328.00 330.00 329.00 329.00 329.00
Diluted EPS Excluding ExtraOrd Items 3.14 3.94 3.00 4.34 2.67
Diluted EPS Including ExtraOrd Items 1.72 3.98 3.10 4.90 2.78
DPS - Common Stock Primary Issue 2.17 1.92 1.67 1.42 1.35
Gross Dividends - Common Stock 727.00 646.00 564.00 483.00 446.00
Total Special Items 738.00 21.00 5.00 157.00 571.00
Normalized Income Before Taxes 1,687.00 1,611.00 1,573.00 2,136.00 1,792.00
Effect of Special Items on Income Taxes 258.30 2.34 1.55 35.14 113.17
Inc Tax Ex Impact of Sp Items 73.30 179.34 487.55 478.14 355.17
Normalized Income After Taxes 1,613.70 1,431.66 1,085.45 1,657.86 1,436.83
Normalized Inc. Avail to Com. 1,510.70 1,317.66 988.45 1,548.86 1,336.83
Basic Normalized EPS 4.63 4.04 3.03 4.75 4.10
Diluted Normalized EPS 4.61 4.00 3.01 4.71 4.07
Depreciation, Supplemental 2,115.00 2,098.00 2,005.00 1,815.00 1,696.00
Interest Expense, Supplemental 639.00 581.00 555.00 560.00 544.00
Rental Expense, Supplemental -- -- -- -- 1,578.00
Stock-Based Compensation, Supplemental 23.00 34.00 29.00 40.00 27.00
Minority Interest, Supplemental 21.00 9.00 16.00 3.00 0.00
Audit Fees 6.23 6.51 6.33 6.42 6.31
Audit-Related Fees 0.23 0.06 0.24 0.12 0.04
Tax Fees 0.60 0.69 1.40 2.60 1.34
All Other Fees 0.14 0.10 1.25 0.07 0.00
Operating Margin 12.12 17.63 17.42 18.43 13.63
Pretax Margin 7.70 13.40 13.61 14.75 9.71
Effective Tax Rate -19.49 11.13 30.99 22.39 19.82
Net Profit Margin 8.37 10.94 8.55 10.64 6.99
Normalized EBIT 2,231.00 2,113.00 2,013.00 2,629.00 2,286.00
Normalized EBITDA 4,346.00 4,211.00 4,018.00 4,444.00 3,982.00
Current Tax - Domestic -221.00 -46.00 18.00 -99.00 -97.00
Current Tax - Local 4.00 33.00 19.00 20.00 -9.00
Current Tax - Total -217.00 -13.00 37.00 -79.00 -106.00
Deferred Tax - Domestic 104.00 176.00 340.00 454.00 317.00
Deferred Tax - Local -72.00 14.00 109.00 68.00 31.00
Deferred Tax - Total 32.00 190.00 449.00 522.00 348.00
Income Tax - Total -185.00 177.00 486.00 443.00 242.00
Interest Cost - Domestic 164.00 172.00 170.00 181.00 170.00
Service Cost - Domestic 138.00 139.00 142.00 133.00 162.00
Prior Service Cost - Domestic 3.00 4.00 5.00 5.00 5.00
Expected Return on Assets - Domestic -212.00 -220.00 -233.00 -229.00 -222.00
Actuarial Gains and Losses - Domestic 21.00 27.00 40.00 12.00 39.00
Curtailments & Settlements - Domestic 6.00 0.00 0.00 41.00 87.00
Other Pension, Net - Domestic -28.00 -21.00 -6.00 8.00 -53.00
Domestic Pension Plan Expense 92.00 101.00 118.00 151.00 188.00
Interest Cost - Post-Retirement 86.00 97.00 102.00 117.00 98.00
Service Cost - Post-Retirement 31.00 35.00 46.00 40.00 49.00
Prior Service Cost - Post-Retirement -3.00 -2.00 -12.00 -36.00 -36.00
Expected Return on Assets - Post-Retir. -110.00 -112.00 -116.00 -108.00 -114.00
Actuarial Gains and Losses - Post-Retir. 0.00 0.00 3.00 6.00 24.00
Other Post-Retirement, Net 1.00 2.00 1.00 3.00 11.00
Post-Retirement Plan Expense 5.00 20.00 24.00 22.00 32.00
Defined Contribution Expense - Domestic 70.00 69.00 73.00 71.00 76.00
Total Pension Expense 167.00 190.00 215.00 244.00 296.00
Discount Rate - Domestic 3.94 4.18 3.85 4.50 4.13
Discount Rate - Post-Retirement 4.29 4.55 4.16 5.00 4.25
Expected Rate of Return - Domestic 6.50 7.00 7.00 7.00 7.00
Expected Rate of Return - Post-Retir. 5.30 5.60 5.50 5.50 6.70
Compensation Rate - Domestic 4.00 4.00 4.00 4.00 4.50
Total Plan Interest Cost 250.00 269.00 272.00 298.00 268.00
Total Plan Service Cost 169.00 174.00 188.00 173.00 211.00
Total Plan Expected Return -322.00 -332.00 -349.00 -337.00 -336.00
Total Plan Other Expense -27.00 -19.00 -5.00 11.00 -42.00

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

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