Annual Income Statement

Time Frame: Annual | Quarterly

Period Ended 12/31/16 12/31/15 12/31/14 12/31/13 12/31/12
  Update Update Update Reclassified Reclassified
  10/31/17 10/31/17 10/31/17 10/31/17 02/12/17
In millions of USD (except for per share items)
Electric Operations 11,869.00 11,524.00 13,413.00 12,581.00 11,862.00
Revenue 11,869.00 11,524.00 13,413.00 12,581.00 11,862.00
Total Revenue 11,869.00 11,524.00 13,413.00 12,581.00 11,862.00
Purchased Power 4,527.00 4,266.00 5,593.00 4,891.00 4,139.00
Cost of Revenue, Total 4,527.00 4,266.00 5,593.00 4,891.00 4,139.00
Operations & Maintenance 2,868.00 2,990.00 3,149.00 3,473.00 3,608.00
Depreciation 2,007.00 1,919.00 1,720.00 1,622.00 1,562.00
Depreciation/Amortization 2,007.00 1,919.00 1,720.00 1,622.00 1,562.00
Impairment-Assets Held for Use 21.00 5.00 157.00 571.00 -28.00
Unusual Expense (Income) 21.00 5.00 157.00 571.00 -28.00
Property & Other Taxes 354.00 336.00 322.00 309.00 296.00
Other Operating Expenses, Total 354.00 336.00 322.00 309.00 296.00
Total Operating Expense 9,777.00 9,516.00 10,941.00 10,866.00 9,577.00
Operating Income 2,092.00 2,008.00 2,472.00 1,715.00 2,285.00
Interest Expense - Non-Operating -581.00 -555.00 -560.00 -544.00 -521.00
Interest Expense, Net Non-Operating -581.00 -555.00 -560.00 -544.00 -521.00
Interest Income(Exp), Net Non-Operating 123.00 174.00 147.00 124.00 149.00
Interest Inc.(Exp.),Net-Non-Op., Total -458.00 -381.00 -413.00 -420.00 -372.00
Other Non-Operating Income (Expense) -44.00 -59.00 -80.00 -74.00 -52.00
Other, Net -44.00 -59.00 -80.00 -74.00 -52.00
Net Income Before Taxes 1,590.00 1,568.00 1,979.00 1,221.00 1,861.00
Provision for Income Taxes 177.00 486.00 443.00 242.00 267.00
Net Income After Taxes 1,413.00 1,082.00 1,536.00 979.00 1,594.00
Minority Interest 9.00 16.00 3.00 0.00 0.00
Net Income Before Extra. Items 1,422.00 1,098.00 1,539.00 979.00 1,594.00
Discontinued Operations 1.00 14.00 185.00 36.00 -1,686.00
Tax on Extraordinary Items 11.00 21.00 -- -- --
Total Extraordinary Items 12.00 35.00 185.00 36.00 -1,686.00
Net Income 1,434.00 1,133.00 1,724.00 1,015.00 -92.00
Preferred Dividends -123.00 -113.00 -112.00 -100.00 -91.00
Total Adjustments to Net Income -123.00 -113.00 -112.00 -100.00 -91.00
Income Available to Com Excl ExtraOrd 1,299.00 985.00 1,427.00 879.00 1,503.00
Income Available to Com Incl ExtraOrd 1,311.00 1,020.00 1,612.00 915.00 -183.00
Basic Weighted Average Shares 326.00 326.00 326.00 326.00 326.00
Basic EPS Excluding Extraordinary Items 3.98 3.02 4.38 2.70 4.61
Basic EPS Including Extraordinary Items 4.02 3.13 4.94 2.81 -0.56
Dilution Adjustment 1.00 1.00 1.00 1.00 --
Diluted Net Income 1,312.00 1,021.00 1,613.00 916.00 -183.00
Diluted Weighted Average Shares 330.00 329.00 329.00 329.00 326.00
Diluted EPS Excluding ExtraOrd Items 3.94 3.00 4.34 2.67 4.61
Diluted EPS Including ExtraOrd Items 3.98 3.10 4.90 2.78 -0.56
DPS - Common Stock Primary Issue 1.92 1.67 1.42 1.35 1.30
Gross Dividends - Common Stock 646.00 564.00 483.00 446.00 428.00
Stock-Based Compensation, Supplemental 34.00 29.00 40.00 27.00 35.00
Interest Expense, Supplemental 581.00 555.00 560.00 544.00 521.00
Depreciation, Supplemental 2,098.00 2,005.00 1,815.00 1,696.00 1,562.00
Total Special Items 21.00 5.00 157.00 571.00 -28.00
Normalized Income Before Taxes 1,611.00 1,573.00 2,136.00 1,792.00 1,833.00
Effect of Special Items on Income Taxes 2.34 1.55 35.14 113.17 -4.02
Inc Tax Ex Impact of Sp Items 179.34 487.55 478.14 355.17 262.98
Normalized Income After Taxes 1,431.66 1,085.45 1,657.86 1,436.83 1,570.02
Normalized Inc. Avail to Com. 1,317.66 988.45 1,548.86 1,336.83 1,479.02
Basic Normalized EPS 4.04 3.03 4.75 4.10 4.54
Diluted Normalized EPS 4.00 3.01 4.71 4.07 4.54
Amort of Intangibles, Supplemental -- -- -- -- 72.00
Rental Expense, Supplemental -- -- -- 1,578.00 1,375.00
Minority Interest, Supplemental 9.00 16.00 3.00 0.00 0.00
Audit Fees 6.51 6.33 6.42 6.31 9.94
Audit-Related Fees 0.06 0.24 0.12 0.04 0.16
Tax Fees 0.69 1.40 2.60 1.34 1.80
All Other Fees 0.10 1.25 0.07 0.00 0.06
Operating Margin 17.63 17.42 18.43 13.63 19.26
Pretax Margin 13.40 13.61 14.75 9.71 15.69
Effective Tax Rate 11.13 30.99 22.39 19.82 14.35
Net Profit Margin 10.94 8.55 10.64 6.99 12.67
Normalized EBIT 2,113.00 2,013.00 2,629.00 2,286.00 2,257.00
Normalized EBITDA 4,211.00 4,018.00 4,444.00 3,982.00 3,891.00
Current Tax - Domestic -46.00 18.00 -99.00 -97.00 0.00
Current Tax - Local 33.00 19.00 20.00 -9.00 0.00
Current Tax - Total -13.00 37.00 -79.00 -106.00 0.00
Deferred Tax - Domestic 176.00 340.00 454.00 317.00 132.00
Deferred Tax - Local 14.00 109.00 68.00 31.00 135.00
Deferred Tax - Total 190.00 449.00 522.00 348.00 267.00
Income Tax - Total 177.00 486.00 443.00 242.00 267.00
Interest Cost - Domestic 172.00 170.00 181.00 170.00 183.00
Service Cost - Domestic 139.00 142.00 133.00 162.00 163.00
Prior Service Cost - Domestic 4.00 5.00 5.00 5.00 3.00
Expected Return on Assets - Domestic -220.00 -233.00 -229.00 -222.00 -217.00
Actuarial Gains and Losses - Domestic 27.00 40.00 12.00 39.00 61.00
Curtailments & Settlements - Domestic 0.00 0.00 41.00 87.00 5.00
Other Pension, Net - Domestic -21.00 -6.00 8.00 -53.00 -19.00
Domestic Pension Plan Expense 101.00 118.00 151.00 188.00 179.00
Interest Cost - Post-Retirement 97.00 102.00 117.00 98.00 108.00
Service Cost - Post-Retirement 35.00 46.00 40.00 49.00 47.00
Prior Service Cost - Post-Retirement -2.00 -12.00 -36.00 -36.00 -35.00
Expected Return on Assets - Post-Retir. -112.00 -116.00 -108.00 -114.00 -108.00
Actuarial Gains and Losses - Post-Retir. 0.00 3.00 6.00 24.00 39.00
Other Post-Retirement, Net 2.00 1.00 3.00 11.00 2.00
Post-Retirement Plan Expense 20.00 24.00 22.00 32.00 53.00
Defined Contribution Expense - Domestic 69.00 73.00 71.00 76.00 85.00
Total Pension Expense 190.00 215.00 244.00 296.00 317.00
Discount Rate - Domestic 4.18 3.85 4.50 4.13 4.50
Discount Rate - Post-Retirement 4.55 4.16 5.00 4.25 4.75
Expected Rate of Return - Domestic 7.00 7.00 7.00 7.00 7.50
Expected Rate of Return - Post-Retir. 5.60 5.50 5.50 6.70 7.00
Compensation Rate - Domestic 4.00 4.00 4.00 4.50 4.50
Total Plan Interest Cost 269.00 272.00 298.00 268.00 291.00
Total Plan Service Cost 174.00 188.00 173.00 211.00 210.00
Total Plan Expected Return -332.00 -349.00 -337.00 -336.00 -325.00
Total Plan Other Expense -19.00 -5.00 11.00 -42.00 -17.00

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