Quarterly Income Statement

Time Frame: Annual | Quarterly

Period Ended 09/30/18 06/30/18 03/31/18 12/31/17 09/30/17
  Update Update Update UCA Reclassified
  12/27/18 10/31/18 07/27/18 10/31/18 10/31/18
In millions of USD (except for per share items)
Electric Operations 4,269.00 2,815.00 2,564.00 3,220.00 3,672.00
Revenue 4,269.00 2,815.00 2,564.00 3,220.00 3,672.00
Total Revenue 4,269.00 2,815.00 2,564.00 3,220.00 3,672.00
Purchased Power 2,306.00 1,112.00 926.00 1,131.00 1,783.00
Cost of Revenue, Total 2,306.00 1,112.00 926.00 1,131.00 1,783.00
Operations & Maintenance 674.00 719.00 675.00 791.00 721.00
Depreciation 466.00 463.00 462.00 506.00 524.00
Depreciation/Amortization 466.00 463.00 462.00 506.00 524.00
Impairment-Assets Held for Use -11.00 5.00 66.00 716.00 0.00
Unusual Expense (Income) -11.00 5.00 66.00 716.00 0.00
Property & Other Taxes 97.00 97.00 107.00 93.00 98.00
Other Operating Expense -2.00 -1.00 -2.00 -1.00 -7.00
Other Operating Expenses, Total 95.00 96.00 105.00 92.00 91.00
Total Operating Expense 3,530.00 2,395.00 2,234.00 3,236.00 3,119.00
Operating Income 739.00 420.00 330.00 -16.00 553.00
Interest Expense - Non-Operating -188.00 -180.00 -170.00 -166.00 -162.00
Interest Expense, Net Non-Operating -188.00 -180.00 -170.00 -166.00 -162.00
Interest Income(Exp), Net Non-Operating 76.00 49.00 51.00 35.00 41.00
Interest Inc.(Exp.),Net-Non-Op., Total -112.00 -131.00 -119.00 -131.00 -121.00
Other Non-Operating Income (Expense) -- -- -- -23.00 --
Other, Net -- -- -- -23.00 --
Net Income Before Taxes 627.00 289.00 211.00 -170.00 432.00
Provision for Income Taxes 83.00 -9.00 -31.00 -102.00 -69.00
Net Income After Taxes 544.00 298.00 242.00 -68.00 501.00
Minority Interest 0.00 8.00 6.00 19.00 1.00
Net Income Before Extra. Items 544.00 306.00 248.00 -49.00 502.00
Discontinued Operations -- -- -- 0.00 --
Extraordinary Item -- -- -- -466.00 --
Total Extraordinary Items -- -- -- -466.00 --
Net Income 544.00 306.00 248.00 -515.00 502.00
Preferred Dividends -31.00 -30.00 -30.00 -30.00 -32.00
Miscellaneous Earnings Adjustment -- -- -- 0.00 --
Total Adjustments to Net Income -31.00 -30.00 -30.00 -30.00 -32.00
Income Available to Com Excl ExtraOrd 513.00 276.00 218.00 -79.00 470.00
Income Available to Com Incl ExtraOrd 513.00 276.00 218.00 -545.00 470.00
Basic Weighted Average Shares 326.00 326.00 326.00 326.00 326.00
Basic EPS Excluding Extraordinary Items 1.57 0.85 0.67 -0.24 1.44
Basic EPS Including Extraordinary Items 1.57 0.85 0.67 -1.67 1.44
Dilution Adjustment -- -- -- 0.00 --
Diluted Net Income 513.00 276.00 218.00 -545.00 470.00
Diluted Weighted Average Shares 327.00 327.00 327.00 326.00 328.00
Diluted EPS Excluding ExtraOrd Items 1.57 0.84 0.67 -0.24 1.43
Diluted EPS Including ExtraOrd Items 1.57 0.84 0.67 -1.67 1.43
DPS - Common Stock Primary Issue 0.60 0.60 0.60 0.54 0.54
Gross Dividends - Common Stock 197.00 197.00 197.00 154.00 191.00
Total Special Items -11.00 5.00 66.00 716.00 0.00
Normalized Income Before Taxes 616.00 294.00 277.00 546.00 432.00
Effect of Special Items on Income Taxes -1.46 1.75 23.10 250.60 0.00
Inc Tax Ex Impact of Sp Items 81.54 -7.25 -7.90 148.60 -69.00
Normalized Income After Taxes 534.46 301.25 284.90 397.40 501.00
Normalized Inc. Avail to Com. 503.46 279.25 260.90 386.40 470.00
Basic Normalized EPS 1.54 0.86 0.80 1.19 1.44
Diluted Normalized EPS 1.54 0.85 0.80 1.19 1.43
Depreciation, Supplemental 565.00 595.00 479.00 524.00 543.00
Interest Expense, Supplemental 188.00 180.00 170.00 166.00 162.00
Stock-Based Compensation, Supplemental 5.00 4.00 8.00 14.00 14.00
Minority Interest, Supplemental 0.00 8.00 6.00 19.00 1.00
Operating Margin 17.31 14.92 12.87 -0.50 15.06
Pretax Margin 14.69 10.27 8.23 -5.28 11.76
Effective Tax Rate 13.24 -3.11 -14.69 -- -15.97
Net Profit Margin 12.02 9.80 8.50 -2.45 12.80
Normalized EBIT 728.00 425.00 396.00 700.00 553.00
Normalized EBITDA 1,293.00 1,020.00 875.00 1,224.00 1,096.00
Interest Cost - Domestic 35.00 -56.00 35.00 41.00 41.00
Service Cost - Domestic 32.00 32.00 32.00 30.00 36.00
Prior Service Cost - Domestic 1.00 0.00 1.00 1.00 0.00
Expected Return on Assets - Domestic -56.00 -56.00 -57.00 -53.00 -53.00
Actuarial Gains and Losses - Domestic -- -- -- 21.00 --
Curtailments & Settlements - Domestic 0.00 -- -- -2.00 0.00
Other Pension, Net - Domestic 4.00 5.00 4.00 -19.00 1.00
Domestic Pension Plan Expense 16.00 -75.00 15.00 19.00 25.00
Interest Cost - Post-Retirement 21.00 -30.00 21.00 14.00 24.00
Service Cost - Post-Retirement 10.00 10.00 9.00 4.00 9.00
Prior Service Cost - Post-Retirement 0.00 -1.00 0.00 -1.00 0.00
Expected Return on Assets - Post-Retir. -31.00 -30.00 -30.00 -29.00 -27.00
Actuarial Gains and Losses - Post-Retir. -- -- -- 0.00 --
Post-Retirement Plan Expense 0.00 -51.00 0.00 -12.00 6.00
Total Pension Expense 16.00 -126.00 15.00 7.00 31.00
Total Plan Interest Cost 56.00 -86.00 56.00 55.00 65.00
Total Plan Service Cost 42.00 42.00 41.00 34.00 45.00
Total Plan Expected Return -87.00 -86.00 -87.00 -82.00 -80.00
Total Plan Other Expense 4.00 5.00 4.00 -19.00 1.00

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