Income Statement (thousands of dollars, except per share amounts and statistics) |
Residential revenues |
700,586 |
684,649 |
645,236 |
583,061 |
547,404 |
526,966 |
530,527 |
552,333 |
514,954 |
512,068 |
Commercial revenues |
397,385 |
378,330 |
347,970 |
314,745 |
293,057 |
295,203 |
310,299 |
319,195 |
302,650 |
306,178 |
Industrial revenues |
267,211 |
244,538 |
217,368 |
195,214 |
181,258 |
181,372 |
190,130 |
195,124 |
182,590 |
182,254 |
Irrigation revenues |
196,401 |
173,929 |
170,964 |
168,664 |
154,791 |
135,850 |
158,001 |
150,030 |
156,505 |
164,403 |
Electric utility operating revenues |
1,822,965 |
1,762,894 |
1,641,040 |
1,455,410 |
1,347,340 |
1,342,940 |
1,366,582 |
1,344,893 |
1,259,353 |
1,267,505 |
Total operating revenues |
1,826,633 |
1,766,356 |
1,643,981 |
1,458,084 |
1,350,729 |
1,346,383 |
1,370,752 |
1,349,486 |
1,262,020 |
1,270,289 |
Purchased power |
425,082 |
501,531 |
544,345 |
393,691 |
297,417 |
285,266 |
293,814 |
248,950 |
245,764 |
226,470 |
Fuel expense |
259,204 |
275,405 |
230,210 |
180,550 |
172,740 |
156,872 |
133,198 |
145,829 |
179,491 |
186,231 |
Power cost adjustment |
89,757 |
6,885 |
-100,659 |
-49,844 |
-33,708 |
2,047 |
42,106 |
52,024 |
-5,330 |
16,766 |
Other operations and maintenance expenses(1) |
460,951 |
399,855 |
399,375 |
361,297 |
352,071 |
355,770 |
364,456 |
346,695 |
349,290 |
340,082 |
Energy efficiency programs |
27,580 |
31,948 |
33,197 |
29,920 |
42,478 |
40,128 |
35,703 |
39,241 |
33,754 |
30,532 |
Depreciation |
223,410 |
195,341 |
170,077 |
175,555 |
171,648 |
169,210 |
165,190 |
162,091 |
143,661 |
138,110 |
Other electric utility operating expenses |
8,798 |
38,550 |
37,325 |
34,673 |
34,914 |
35,995 |
36,859 |
34,089 |
32,823 |
32,808 |
Total electric utility expenses(1) |
1,494,782 |
1,449,515 |
1,313,870 |
1,125,842 |
1,037,560 |
1,045,288 |
1,071,326 |
1,028,919 |
979,453 |
970,999 |
Total operating expenses(1) |
1,498,794 |
1,452,879 |
1,316,803 |
1,128,433 |
1,041,208 |
1,048,057 |
1,073,830 |
1,033,941 |
978,438 |
973,241 |
Operating income(1) |
327,839 |
313,477 |
327,178 |
329,651 |
309,521 |
298,326 |
296,922 |
315,545 |
283,582 |
297,048 |
AFUDC - equity |
53,238 |
43,221 |
37,285 |
31,537 |
29,551 |
27,112 |
24,353 |
20,784 |
22,031 |
21,785 |
Earnings of unconsolidated equity-method investments |
4,539 |
12,426 |
11,511 |
11,435 |
11,513 |
12,370 |
12,449 |
11,374 |
12,871 |
11,128 |
Interest on long-term debt |
139,196 |
116,216 |
87,259 |
84,145 |
84,251 |
82,457 |
84,408 |
81,198 |
81,956 |
83,056 |
AFUDC - debt |
27,785 |
20,012 |
13,914 |
11,993 |
11,578 |
10,703 |
10,151 |
8,694 |
10,194 |
10,044 |
Income before income taxes |
305,004 |
289,189 |
297,404 |
282,784 |
266,668 |
257,835 |
244,909 |
261,848 |
234,517 |
240,235 |
Income tax expense |
15,053 |
27,296 |
37,844 |
36,912 |
28,700 |
24,507 |
17,386 |
48,660 |
36,429 |
45,760 |
Effective tax rate |
4.9% |
9.4% |
12.7% |
13.1% |
10.8% |
9.5% |
7.1% |
18.6% |
15.5% |
19.0% |
Net income attributable to IDACORP, Inc. |
289,174 |
261,195 |
258,982 |
245,550 |
237,417 |
232,854 |
226,801 |
212,419 |
198,288 |
194,679 |
Diluted earnings per share |
5.50 |
5.14 |
5.11 |
4.85 |
4.69 |
4.61 |
4.49 |
4.21 |
3.94 |
3.87 |
Dividend declared per share |
3.35 |
3.20 |
3.04 |
2.88 |
2.72 |
2.56 |
2.40 |
2.24 |
2.08 |
1.92 |