Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2017-03-31 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 | 2002-09-30 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 548,242,000 | 154,285,000 | 629,338,000 | 750,535,000 | 1,159,635,000 | 550,408,000 | 485,192,000 | 679,546,000 | 667,129,000 | 314,284,000 | 315,334,000 | 199,877,000 | 175,280,000 | 159,672,000 | 301,704,000 | 227,923,000 | 247,443,000 | 277,579,000 | 341,421,000 | 193,126,000 | 574,482,000 | 234,230,000 | 334,743,000 | 228,417,000 | 300,687,000 | 292,168,000 | 192,555,000 | 188,377,000 | 269,120,000 | 215,042,000 | 153,712,000 | 262,708,000 | 168,512,000 | 207,549,000 | 236,346,000 | 270,265,000 | 283,483,000 | 266,746,000 | 316,254,000 | 330,651,000 | 387,488,000 | 278,324,000 | ||||||||||||||||||||||||
restricted cash | 478,968,000 | 482,603,000 | 482,480,000 | 492,317,000 | 13,645,000 | 16,422,000 | 17,531,000 | 15,028,000 | 15,164,000 | 5,104,000 | 4,216,000 | 5,050,000 | 3,898,000 | 5,386,000 | 5,912,000 | 9,412,000 | 10,618,000 | 14,067,000 | 17,558,000 | 21,881,000 | 29,376,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and unbilled revenues | 498,229,000 | 435,844,000 | 444,015,000 | 457,171,000 | 526,717,000 | 476,148,000 | 469,298,000 | 575,176,000 | 540,082,000 | 409,314,000 | 435,158,000 | 511,903,000 | 519,774,000 | 457,470,000 | 359,807,000 | 331,752,000 | 312,727,000 | 273,197,000 | 281,216,000 | 276,299,000 | 271,314,000 | 252,416,000 | 210,280,000 | 305,448,000 | 269,207,000 | 255,365,000 | 365,728,000 | 349,771,000 | 324,433,000 | 350,083,000 | 359,259,000 | 348,487,000 | 374,932,000 | 386,750,000 | 306,760,000 | 344,322,000 | 342,901,000 | 319,533,000 | 286,876,000 | 266,996,000 | 259,132,000 | 266,701,000 | 233,885,000 | 252,186,000 | 212,358,000 | 198,923,000 | 370,481,000 | 323,011,000 | 298,304,000 | 276,786,000 | 250,990,000 | 220,894,000 | 271,203,000 | 247,817,000 | 228,771,000 | 239,133,000 | 212,428,000 | 181,945,000 | 203,516,000 | 184,300,000 | 221,681,000 | 174,608,000 | 178,542,000 | 171,747,000 | 170,264,000 | |
regulatory assets | 36,032,000 | 44,022,000 | 42,751,000 | 53,895,000 | 314,247,000 | 322,409,000 | 315,067,000 | 294,804,000 | 231,197,000 | 252,787,000 | 247,902,000 | 242,513,000 | 497,188,000 | 530,900,000 | 559,161,000 | 757,204,000 | 767,856,000 | 773,426,000 | 766,708,000 | 677,683,000 | 682,570,000 | 945,409,000 | 888,408,000 | 897,948,000 | 904,559,000 | 905,589,000 | 575,712,000 | 582,645,000 | 579,963,000 | 890,419,000 | 885,025,000 | 874,151,000 | 715,994,000 | 698,448,000 | 677,674,000 | 669,389,000 | 494,487,000 | 478,766,000 | 481,812,000 | 478,330,000 | 422,177,000 | 424,614,000 | 426,146,000 | 535,287,000 | 531,708,000 | 531,078,000 | 273,640,000 | 278,645,000 | 283,498,000 | 142,675,000 | 132,605,000 | 117,078,000 | 110,335,000 | 110,611,000 | 111,438,000 | 109,518,000 | 109,063,000 | 109,423,000 | 105,565,000 | 105,652,000 | 104,558,000 | 107,093,000 | ||||
other | 296,351,000 | 305,098,000 | 347,790,000 | 380,408,000 | 1,088,417,000 | 1,057,165,000 | 915,205,000 | 877,959,000 | 826,020,000 | 795,214,000 | 812,836,000 | 824,536,000 | 886,999,000 | 883,594,000 | 777,694,000 | 691,857,000 | 668,368,000 | 639,505,000 | 629,149,000 | 591,258,000 | 556,793,000 | 467,160,000 | 415,955,000 | 453,099,000 | 493,151,000 | 481,531,000 | 505,226,000 | 557,684,000 | 537,841,000 | 475,335,000 | 454,898,000 | 527,820,000 | 573,523,000 | 566,734,000 | 538,443,000 | 517,550,000 | 496,638,000 | 494,527,000 | 462,258,000 | 487,614,000 | 478,406,000 | 426,860,000 | 412,121,000 | 344,336,000 | 317,747,000 | 313,512,000 | 465,820,000 | 449,998,000 | 351,408,000 | 334,186,000 | 316,522,000 | 296,434,000 | 424,712,000 | 443,294,000 | 425,892,000 | 474,220,000 | 455,981,000 | 433,428,000 | 405,954,000 | 376,486,000 | 417,918,000 | 360,689,000 | 367,017,000 | 345,858,000 | 3,454,000 | 336,395,000 |
assets held for sale | 55,878,000 | 118,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 1,913,700,000 | 1,540,251,000 | 1,946,374,000 | 2,134,326,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment, net of accumulated depreciation | 6,155,343,000 | 6,060,000,000 | 6,138,288,000 | 6,296,088,000 | 6,298,721,000 | 6,183,503,000 | 5,917,342,000 | 5,868,408,000 | 5,778,571,000 | 5,599,937,000 | 5,429,420,000 | 5,411,746,000 | 5,335,130,000 | 5,310,162,000 | 5,283,768,000 | 5,232,177,000 | 5,181,427,000 | 4,641,514,000 | 4,423,567,000 | 4,317,121,000 | 4,269,241,000 | 4,190,835,000 | 4,048,106,000 | 3,980,096,000 | 3,908,392,000 | 3,776,305,000 | 3,701,905,000 | 3,640,308,000 | 3,506,489,000 | 3,436,021,000 | 3,375,654,000 | 3,248,658,000 | 3,204,996,000 | 3,175,375,000 | 3,131,198,000 | 3,106,812,000 | 3,091,190,000 | 3,052,209,000 | 3,026,621,000 | 2,959,900,000 | 2,823,342,000 | 2,782,950,000 | 2,761,396,000 | 2,686,584,000 | 2,656,139,000 | 2,641,227,000 | 2,605,392,000 | 2,582,633,000 | 2,558,800,000 | 2,488,603,000 | 2,452,775,000 | 2,433,453,000 | 2,372,884,000 | 2,344,396,000 | 2,324,270,000 | 2,083,812,000 | 2,079,267,000 | 2,075,007,000 | 2,059,411,000 | |||||||
operating lease right-of-use assets | 58,197,000 | 62,065,000 | 65,657,000 | 66,553,000 | 84,645,000 | 86,819,000 | 91,182,000 | 94,905,000 | 99,466,000 | 105,030,000 | 110,920,000 | 115,684,000 | 121,302,000 | 120,600,000 | 136,207,000 | 141,816,000 | 154,720,000 | 162,713,000 | 153,069,000 | 169,062,000 | 184,759,000 | |||||||||||||||||||||||||||||||||||||||||||||
total noncurrent assets | 6,899,936,000 | 6,784,610,000 | 6,819,807,000 | 6,797,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 8,813,636,000 | 8,324,861,000 | 8,766,181,000 | 8,931,416,000 | 17,731,228,000 | 17,055,414,000 | 16,923,208,000 | 17,243,821,000 | 16,991,818,000 | 16,519,309,000 | 16,443,785,000 | 16,284,244,000 | 16,264,868,000 | 16,001,743,000 | 15,908,429,000 | 15,760,163,000 | 15,606,729,000 | 15,358,673,000 | 15,004,007,000 | 14,542,361,000 | 14,480,700,000 | 12,543,275,000 | 11,870,506,000 | 11,573,466,000 | 11,439,631,000 | 11,273,447,000 | 10,670,471,000 | 10,617,143,000 | 10,458,070,000 | 10,429,012,000 | 10,238,145,000 | 10,298,569,000 | 9,904,827,000 | 9,821,957,000 | 9,632,952,000 | 9,592,731,000 | 9,264,363,000 | 9,241,071,000 | 9,127,536,000 | 9,085,344,000 | 8,895,167,000 | |||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 217,329,000 | 232,944,000 | 207,115,000 | 255,634,000 | 248,668,000 | 248,806,000 | 247,462,000 | 256,323,000 | 253,954,000 | 237,822,000 | 251,460,000 | 213,587,000 | 244,239,000 | 240,296,000 | 195,223,000 | 175,060,000 | 164,936,000 | 182,347,000 | 158,292,000 | 142,113,000 | 160,819,000 | 119,288,000 | 152,896,000 | 183,094,000 | 167,784,000 | 177,495,000 | 176,379,000 | 210,511,000 | 206,803,000 | 175,038,000 | 253,096,000 | 234,304,000 | 231,871,000 | 183,733,000 | 216,176,000 | 165,909,000 | 168,187,000 | 162,748,000 | 202,446,000 | 142,971,000 | 164,538,000 | 189,149,000 | 182,943,000 | 162,836,000 | 158,711,000 | 256,759,000 | 248,173,000 | 213,966,000 | 219,737,000 | 171,941,000 | 172,554,000 | 178,132,000 | 188,241,000 | 183,852,000 | 182,470,000 | 146,022,000 | 168,087,000 | 173,573,000 | 153,071,000 | 143,583,000 | 157,420,000 | 173,763,000 | 142,565,000 | 8,108,000 | 151,543,000 | |
interest and dividends payable | 34,691,000 | 23,921,000 | 39,317,000 | 50,076,000 | 34,528,000 | 61,452,000 | 51,206,000 | 57,901,000 | 33,294,000 | 41,382,000 | 21,333,000 | 36,158,000 | 20,661,000 | 33,519,000 | 33,307,000 | 20,284,000 | 32,405,000 | 23,547,000 | 34,271,000 | 24,396,000 | 27,407,000 | 27,890,000 | 25,914,000 | 25,360,000 | 25,225,000 | 26,051,000 | 25,315,000 | 28,520,000 | 27,232,000 | 25,503,000 | 26,358,000 | 27,907,000 | 24,897,000 | 23,778,000 | 25,041,000 | 28,010,000 | 29,593,000 | 27,496,000 | 27,814,000 | 31,318,000 | 30,829,000 | |||||||||||||||||||||||||
short-term borrowings | 49,312,000 | 48,738,000 | 296,493,000 | 182,584,000 | 120,642,000 | 126,888,000 | 100,107,000 | 8,392,000 | 14,197,000 | 22,992,000 | 29,829,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 143,472,000 | 143,438,000 | 414,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory liabilities | 37,642,000 | 27,396,000 | 28,071,000 | 1,191,099,000 | 1,175,609,000 | 1,159,811,000 | 1,150,690,000 | 1,101,773,000 | 1,087,356,000 | 1,069,551,000 | 1,055,650,000 | 1,030,376,000 | 1,008,075,000 | 1,003,444,000 | 975,512,000 | 966,477,000 | 956,139,000 | 959,786,000 | 967,846,000 | 977,780,000 | 419,940,000 | 383,793,000 | 362,251,000 | 357,089,000 | 351,712,000 | 357,090,000 | 354,980,000 | 350,916,000 | 337,720,000 | 336,065,000 | 325,527,000 | 319,330,000 | 317,958,000 | 316,560,000 | 315,466,000 | 313,299,000 | 309,809,000 | 304,375,000 | 296,797,000 | 289,568,000 | 293,299,000 | 297,332,000 | 282,239,000 | 300,450,000 | 294,814,000 | 282,308,000 | 275,835,000 | 268,890,000 | 257,817,000 | 251,198,000 | 245,440,000 | 235,480,000 | 229,928,000 | 224,598,000 | 213,230,000 | 208,172,000 | 202,568,000 | 82,595,000 | 77,191,000 | 76,090,000 | ||||||
wildfire related claims | 526,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 59,075,000 | 114,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 1,420,743,000 | 1,439,090,000 | 1,559,019,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 2,295,219,000 | 1,863,936,000 | 2,203,066,000 | 1,033,089,000 | 1,133,041,000 | 1,173,009,000 | 1,168,079,000 | 1,168,873,000 | 1,167,108,000 | 1,166,602,000 | 1,389,510,000 | 1,063,790,000 | 1,063,464,000 | 1,189,265,000 | 401,000,000 | 1,083,517,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 45,610,000 | 49,768,000 | 54,469,000 | 91,781,000 | 94,565,000 | 99,611,000 | 103,900,000 | 108,681,000 | 114,827,000 | 121,323,000 | 126,604,000 | 130,914,000 | 136,445,000 | 151,832,000 | 155,608,000 | 167,997,000 | 175,334,000 | 160,432,000 | 176,258,000 | 191,058,000 | ||||||||||||||||||||||||||||||||||||||||||||||
finance lease liabilities | 509,776,000 | 462,439,000 | 465,881,000 | 441,089,000 | 443,366,000 | 350,290,000 | 339,040,000 | 122,320,000 | 123,240,000 | 88,024,000 | 48,709,000 | 49,202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit plans liability | 23,080,000 | 23,081,000 | 23,095,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wildfire tort-related claims | 1,436,250,000 | 478,750,000 | 478,750,000 | 1,915,000,000 | 1,712,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncurrent liabilities | 5,794,764,000 | 5,317,046,000 | 5,666,993,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 7,215,507,000 | 6,756,136,000 | 7,226,012,000 | 16,119,894,000 | 15,935,848,000 | 14,511,535,000 | 14,864,687,000 | 14,733,171,000 | 14,235,639,000 | 14,171,537,000 | 14,047,452,000 | 14,067,653,000 | 13,733,946,000 | 13,570,494,000 | 13,342,327,000 | 13,205,107,000 | 13,003,087,000 | 12,632,212,000 | 12,184,837,000 | 12,155,009,000 | 10,443,394,000 | 9,894,034,000 | 9,618,172,000 | 9,506,818,000 | 9,341,245,000 | 8,834,770,000 | 8,821,971,000 | 8,677,849,000 | 8,739,254,000 | 8,579,203,000 | 8,657,011,000 | 8,263,399,000 | 8,211,888,000 | 8,044,561,000 | 8,026,489,000 | 7,692,312,000 | 7,694,571,000 | 7,596,692,000 | 7,567,414,000 | 7,381,221,000 | ||||||||||||||||||||||||||
preferred stock of subsidiaries - not subject to mandatory redemption | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,293,000 | 34,405,000 | 34,406,000 | 34,406,000 | 34,406,000 | 34,406,000 | |||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, authorized 10,000,000 shares; issued: none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 2,267,288,000 | 2,267,897,000 | 2,265,120,000 | 2,266,282,000 | 1,709,472,000 | 1,707,689,000 | 1,707,471,000 | 1,704,447,000 | 1,696,258,000 | 1,692,390,000 | 1,692,697,000 | 1,689,672,000 | 1,688,009,000 | 1,684,547,000 | 1,683,090,000 | 1,681,820,000 | 1,678,973,000 | 1,678,368,000 | 1,678,007,000 | 1,676,616,000 | 1,658,280,000 | 1,635,890,000 | 1,627,259,000 | 1,626,569,000 | 1,624,549,000 | 1,519,256,000 | 1,493,436,000 | 1,491,338,000 | 1,443,583,000 | 1,429,371,000 | 1,413,700,000 | 1,389,607,000 | 1,377,426,000 | 1,362,880,000 | 1,349,446,000 | 1,347,255,000 | 1,343,537,000 | 1,329,901,000 | 1,314,199,000 | 1,301,710,000 | 1,289,471,000 | 1,277,333,000 | 1,254,893,000 | 1,246,828,000 | 1,245,048,000 | 1,111,034,000 | 1,099,948,000 | 1,084,267,000 | 1,061,191,000 | 1,048,562,000 | 1,036,249,000 | 1,025,312,000 | 1,023,564,000 | 1,020,161,000 | 1,018,170,000 | 1,017,272,000 | 1,012,004,000 | 1,007,754,000 | 1,004,329,000 | 1,002,455,000 | 876,804,000 | 864,038,000 | 849,222,000 | 839,503,000 | 831,591,000 | |
retained earnings | -705,413,000 | -736,160,000 | -762,245,000 | -431,044,000 | -326,642,000 | 968,842,000 | 926,720,000 | 877,931,000 | 876,268,000 | 861,105,000 | 845,830,000 | 826,794,000 | 803,027,000 | 788,787,000 | 740,566,000 | 714,317,000 | 687,600,000 | 660,398,000 | 645,943,000 | 616,941,000 | 439,452,000 | 323,751,000 | 315,759,000 | 298,398,000 | 296,680,000 | 296,146,000 | 280,126,000 | 270,173,000 | 247,568,000 | 230,067,000 | 220,049,000 | 233,218,000 | 215,626,000 | 210,044,000 | 201,640,000 | 197,165,000 | 178,513,000 | 180,960,000 | 181,910,000 | 186,425,000 | 183,015,000 | 182,646,000 | 199,118,000 | 194,018,000 | 203,122,000 | 223,294,000 | 212,275,000 | 233,213,000 | 210,344,000 | 216,063,000 | 223,946,000 | 251,768,000 | 244,645,000 | 242,605,000 | 222,969,000 | 210,573,000 | 208,073,000 | 209,170,000 | 191,464,000 | 205,142,000 | 183,735,000 | 176,451,000 | 177,590,000 | 176,118,000 | 171,299,000 | |
accumulated other comprehensive income, net of taxes | 1,961,000 | 2,695,000 | 3,001,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 1,563,836,000 | 1,534,432,000 | 1,505,876,000 | 1,577,041,000 | 1,085,273,000 | 2,377,380,000 | 2,344,841,000 | 2,224,354,000 | 2,249,377,000 | 2,237,955,000 | 2,202,499,000 | 2,162,922,000 | 2,233,504,000 | 2,303,642,000 | 2,383,543,000 | 2,367,329,000 | 2,321,293,000 | 2,337,502,000 | 2,323,231,000 | 2,291,398,000 | 2,065,588,000 | 1,942,179,000 | 1,921,001,000 | 1,898,520,000 | 1,897,909,000 | 1,801,408,000 | 1,760,879,000 | 1,745,928,000 | 1,655,465,000 | 1,624,649,000 | 1,607,265,000 | 1,607,135,000 | 1,575,776,000 | 1,554,098,000 | 1,531,949,000 | 1,537,758,000 | 1,512,207,000 | 1,496,551,000 | 1,483,637,000 | |||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 8,813,636,000 | 8,324,861,000 | 8,766,181,000 | 17,731,228,000 | 17,055,414,000 | 16,923,208,000 | 17,243,821,000 | 16,991,818,000 | 16,519,309,000 | 16,443,785,000 | 16,284,244,000 | 16,264,868,000 | 16,001,743,000 | 15,908,429,000 | 15,760,163,000 | 15,606,729,000 | 15,358,673,000 | 15,004,007,000 | 14,542,361,000 | 14,480,700,000 | 12,543,275,000 | 11,870,506,000 | 11,573,466,000 | 11,439,631,000 | 11,273,447,000 | 10,670,471,000 | 10,617,143,000 | 10,458,070,000 | 10,429,012,000 | 10,238,145,000 | 10,298,569,000 | 9,904,827,000 | 9,821,957,000 | 9,632,952,000 | 9,592,731,000 | 9,264,363,000 | 9,241,071,000 | 9,127,536,000 | 9,085,344,000 | |||||||||||||||||||||||||||
property, plant and equipment | 2,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets - finance lease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction in progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9,512,600 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less – accumulated depreciation | 6,134,318,000 | 6,150,126,000 | 5,687,003,000 | 5,265,735,000 | 3,334,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets of discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale investment securities, at fair value | 1,084,083,000 | 1,061,687,000 | 1,091,889,000 | 1,136,439,000 | 1,266,412,000 | 1,368,037,000 | 1,419,755,000 | 1,429,667,000 | 2,232,336,000 | 2,444,267,000 | 2,621,375,000 | 2,580,830,000 | 2,509,906,000 | 2,305,257,000 | 1,970,417,000 | 1,747,658,000 | 1,389,633,000 | 1,228,922,000 | 906,295,000 | 785,837,000 | 693,520,000 | 590,648,000 | ||||||||||||||||||||||||||||||||||||||||||||
held-to-maturity investment securities, at amortized cost | 1,159,229,000 | 1,179,182,000 | 1,191,074,000 | 1,201,314,000 | 1,212,005,000 | 1,224,917,000 | 1,238,185,000 | 1,251,747,000 | 510,879,000 | 513,767,000 | 517,150,000 | 491,871,000 | 375,655,000 | 295,046,000 | 226,947,000 | 133,858,000 | 124,623,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
stock in federal home loan bank, at cost | 29,204,000 | 29,204,000 | 32,489,000 | 14,728,000 | 18,000,000 | 18,000,000 | 10,000,000 | 26,560,000 | 15,000,000 | 13,200,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 8,680,000 | 10,920,000 | 9,880,000 | 11,706,000 | 11,218,000 | 10,678,000 | 10,678,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans held for investment | 5,972,614,000 | 5,963,345,000 | 6,045,665,000 | 6,106,438,000 | 6,114,640,000 | 6,069,114,000 | 5,988,058,000 | 5,906,690,000 | 5,616,984,000 | 5,357,539,000 | 5,117,522,000 | 5,046,180,000 | 5,106,207,000 | 5,218,288,000 | 5,232,642,000 | 5,389,443,000 | 5,356,510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale, at lower of cost or fair value | 2,704,000 | 13,904,000 | 2,923,000 | 15,168,000 | 2,171,000 | 6,910,000 | 660,000 | 824,000 | 3,101,000 | 3,738,000 | 7,961,000 | 53,998,000 | 50,877,000 | 23,637,000 | 28,275,000 | 16,806,000 | 37,143,000 | 10,454,000 | 7,900,000 | 5,598,000 | 5,581,000 | 9,906,000 | 2,328,000 | 956,000 | 4,363,000 | 5,829,000 | 34,073,000 | 5,351,000 | 16,495,000 | 11,915,000 | 14,657,000 | 9,601,000 | 25,016,000 | 4,784,000 | 4,308,000 | 7,849,000 | ||||||||||||||||||||||||||||||
goodwill | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 82,190,000 | 83,080,000 | 83,080,000 | 83,080,000 | |||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit liabilities | 7,999,210,000 | 8,036,473,000 | 8,005,064,000 | 8,145,778,000 | 8,224,351,000 | 8,163,235,000 | 8,230,601,000 | 8,169,696,000 | 8,258,885,000 | 8,253,536,000 | 8,289,272,000 | 7,976,538,000 | 7,873,430,000 | 7,745,294,000 | 7,386,957,000 | 7,038,137,000 | 7,029,952,000 | 5,675,090,000 | 5,139,932,000 | 4,825,954,000 | 4,803,271,000 | 4,751,328,000 | 4,533,797,000 | 4,524,860,000 | 4,477,987,000 | 4,310,842,000 | 4,276,243,000 | 4,312,620,000 | 4,126,788,000 | 4,136,741,000 | 4,125,204,000 | 4,070,032,000 | 4,062,801,000 | 4,054,949,000 | 4,035,255,000 | 3,975,372,000 | 3,958,636,000 | 4,001,534,000 | 4,008,391,000 | 4,047,940,000 | 4,168,708,000 | 4,154,124,000 | 4,182,648,000 | 4,270,470,000 | 4,330,356,000 | 4,387,206,000 | 4,432,341,000 | 4,577,073,000 | 4,540,124,000 | 4,546,855,000 | 4,610,399,000 | 4,551,837,000 | 4,453,322,000 | 4,366,878,000 | 4,182,409,000 | 4,078,228,000 | 4,022,367,000 | 3,952,662,000 | 3,886,842,000 | 3,815,201,000 | 3,749,455,000 | |||||
other bank borrowings | 520,000,000 | 520,000,000 | 593,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | 680,690,000 | 695,120,000 | 409,040,000 | 241,610,000 | 137,385,000 | 129,305,000 | 129,665,000 | 102,685,000 | 89,670,000 | 151,875,000 | 124,975,000 | 200,154,000 | 329,081,000 | 368,593,000 | 314,157,000 | 312,094,000 | 263,204,000 | 242,455,000 | 244,642,000 | 239,612,000 | 187,884,000 | 193,233,000 | 211,219,000 | 218,673,000 | 232,843,000 | 233,229,000 | 237,934,000 | 239,122,000 | 244,674,000 | 237,319,000 | 246,571,000 | 256,515,000 | 294,154,000 | 367,884,000 | 388,858,000 | 436,071,000 | 683,452,000 | 634,148,000 | 1,789,157,000 | 1,731,799,000 | 1,718,027,000 | 1,590,563,000 | 1,511,956,000 | |||||||||||||||||
long-term debt, net—other than bank | 2,836,539,000 | 2,838,224,000 | 2,837,875,000 | 2,842,429,000 | 2,944,589,000 | 2,572,375,000 | 2,480,948,000 | 2,384,980,000 | 2,430,326,000 | 2,374,500,000 | 2,316,046,000 | 2,244,795,000 | 2,258,043,000 | 2,229,738,000 | 2,119,129,000 | 2,068,852,000 | 2,070,224,000 | 1,618,651,000 | 1,578,618,000 | 1,506,546,000 | 1,506,546,000 | 1,506,546,000 | 1,517,946,000 | 1,517,945,000 | 1,492,945,000 | 1,422,880,000 | 1,422,877,000 | 1,422,875,000 | 1,429,869,000 | 1,429,653,000 | 1,282,602,000 | 1,340,038,000 | 1,440,006,000 | 1,439,974,000 | 1,364,942,000 | 1,364,911,000 | 1,364,879,000 | 1,364,847,000 | 1,364,784,000 | 1,214,733,000 | 1,214,681,000 | 1,210,901,000 | 1,202,028,000 | 1,229,949,000 | 1,230,824,000 | 1,225,144,000 | 1,133,137,000 | |||||||||||||||||||
deferred income taxes | 299,012,000 | 297,954,000 | 258,942,000 | 272,988,000 | 273,081,000 | 262,462,000 | 263,929,000 | 302,346,000 | 340,246,000 | 378,139,000 | 384,953,000 | 380,365,000 | 395,089,000 | 376,356,000 | 368,834,000 | 740,506,000 | 700,782,000 | 643,951,000 | 632,718,000 | 640,778,000 | 585,432,000 | 579,222,000 | 538,321,000 | 493,662,000 | 474,197,000 | 459,249,000 | 438,886,000 | 396,806,000 | 375,510,000 | 354,051,000 | 342,232,000 | 316,843,000 | 291,470,000 | 278,958,000 | 253,284,000 | 187,809,000 | 189,512,000 | 162,452,000 | 159,069,000 | 146,751,000 | 176,255,000 | 162,892,000 | 154,988,000 | 95,462,000 | 83,430,000 | 96,374,000 | 197,800,000 | 183,420,000 | 195,874,000 | 234,339,000 | 226,845,000 | 214,960,000 | 233,962,000 | 209,805,000 | 233,607,000 | 219,556,000 | 226,249,000 | 230,689,000 | 229,043,000 | |||||||
defined benefit pension and other postretirement benefit plans liability | 83,007,000 | 82,794,000 | 84,554,000 | 82,879,000 | 70,785,000 | 70,979,000 | 71,394,000 | 71,813,000 | 333,664,000 | 341,535,000 | 341,845,000 | 543,285,000 | 548,840,000 | 558,191,000 | 567,438,000 | 488,314,000 | 514,415,000 | 632,964,000 | 584,490,000 | 607,682,000 | 615,945,000 | 624,555,000 | 274,909,000 | 278,427,000 | 284,043,000 | 630,904,000 | 639,898,000 | |||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax benefits | -258,197,000 | -297,557,000 | -299,151,000 | -358,024,000 | -323,149,000 | -315,540,000 | -353,544,000 | -257,532,000 | -169,692,000 | -40,113,000 | -28,808,000 | -45,280,000 | -719,000 | -2,159,000 | -32,144,000 | -17,462,000 | -22,017,000 | -26,447,000 | -23,320,000 | -13,994,000 | -12,683,000 | -32,103,000 | -39,100,000 | -44,067,000 | -13,728,000 | -15,383,000 | -13,470,000 | -141,111,000 | -156,227,000 | -163,627,000 | -39,073,000 | -63,068,000 | -51,244,000 | -27,781,000 | ||||||||||||||||||||||||||||||||
9,467,885 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings—other than bank | 46,212,000 | 148,802,000 | 172,568,000 | 171,125,000 | 124,017,000 | 71,491,000 | 92,246,000 | 95,748,000 | 100,242,000 | 129,379,000 | 137,783,000 | 131,180,000 | 2,300,000 | 95,485,000 | 171,992,000 | 124,543,000 | 30,500,000 | 150,576,000 | 185,175,000 | 136,369,000 | 131,341,000 | 125,786,000 | 133,937,000 | 82,219,000 | 96,240,000 | 156,288,000 | 51,195,000 | 24,923,000 | 27,296,000 | 55,012,000 | 60,238,000 | 55,000,000 | 230,566,000 | 199,281,000 | 101,097,000 | 125,465,000 | 123,414,000 | 194,211,000 | ||||||||||||||||||||||||||||
net unrealized losses on securities | -2,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement benefit plans | -289,350,000 | -336,028,000 | -1,264,000 | -12,259,000 | -34,402,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8,879,547 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8,168,879 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities | -701,000 | 888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on derivatives | -466,000 | -583,000 | -642,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans receivable held for investment | 4,669,274,000 | 4,589,950,000 | 4,487,130,000 | 4,410,817,000 | 4,401,504,000 | 4,291,960,000 | 4,245,240,000 | 4,147,537,000 | 4,005,132,000 | 3,912,630,000 | 3,803,002,000 | 3,705,748,000 | 3,695,474,000 | 3,672,401,000 | 3,642,818,000 | 3,622,181,000 | 3,580,418,000 | 3,549,750,000 | 3,489,880,000 | |||||||||||||||||||||||||||||||||||||||||||||||
contributions in aid of construction | 541,574,000 | 513,520,000 | 495,667,000 | 482,760,000 | 474,385,000 | 448,811,000 | 442,379,000 | 438,020,000 | 425,916,000 | 419,337,000 | 415,795,000 | 387,863,000 | 381,206,000 | 378,039,000 | 356,203,000 | 344,110,000 | 339,489,000 | 338,070,000 | 335,364,000 | 331,405,000 | 326,050,000 | 323,090,000 | 315,455,000 | 314,369,000 | 312,933,000 | 304,977,000 | 302,925,000 | 300,847,000 | 286,403,000 | 281,944,000 | 277,499,000 | 265,739,000 | 262,036,000 | 260,692,000 | 242,505,000 | 236,330,000 | 234,433,000 | 231,118,000 | 231,551,000 | 232,642,000 | 221,242,000 | 220,630,000 | 220,340,000 | 212,814,000 | ||||||||||||||||||||||
stock in federal home loan bank of seattle, at cost | 63,711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale investment and mortgage-related securities | 531,603,000 | 549,321,000 | 517,534,000 | 535,264,000 | 560,172,000 | 659,400,000 | 664,051,000 | 639,112,000 | 631,063,000 | 624,331,000 | 571,045,000 | 711,347,000 | 670,949,000 | 678,152,000 | 570,262,000 | 623,965,000 | 584,485,000 | 623,104,000 | 621,740,000 | 600,269,000 | 766,045,000 | 887,162,000 | 2,086,037,000 | 2,160,841,000 | 2,301,360,000 | 2,405,250,000 | 2,357,012,000 | 2,506,444,000 | 2,609,160,000 | 1,929,433,000 | 1,913,565,000 | 1,907,712,000 | 1,998,549,000 | 1,870,117,000 | 1,836,455,000 | 1,800,552,000 | 1,791,487,000 | 1,799,368,000 | 2,011,842,000 | |||||||||||||||||||||||||||
investment in stock of federal home loan bank of seattle | 75,063,000 | 80,863,000 | 86,697,000 | 93,413,000 | 94,281,000 | 95,152,000 | 96,893,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | |||||||||||||||||||||||||||||||||||||||||||
retirement benefits liability | 643,104,000 | 497,388,000 | 497,687,000 | 513,187,000 | 530,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings––other than bank | 68,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, net––other than bank | 1,340,070,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less — accumulated depreciation | 3,165,918,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans receivable | 3,466,550,000 | 3,573,131,000 | 3,623,127,000 | 3,758,898,000 | 3,852,605,000 | 4,014,961,000 | 4,159,007,000 | 4,121,379,000 | 4,153,950,000 | 4,020,112,000 | 3,887,739,000 | 3,816,387,000 | 3,763,823,000 | 3,717,501,000 | 3,618,246,000 | 3,501,540,000 | 3,427,687,000 | 3,330,571,000 | 3,126,277,000 | 3,096,010,000 | 3,075,478,000 | 3,142,148,000 | 3,120,846,000 | 3,038,671,000 | 2,885,007,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,479,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 8,895,167,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2009 | 92,521,000 | 92,521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income for common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 1,747 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on derivatives qualified as cash flow hedges: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized holding loss arising during the period, net of tax benefits of 662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement benefit plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 1,248 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 1,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 1,099,000 | 575,000 | 1,499,000 | 1,046,000 | 924,000 | 1,649,000 | 1,214,000 | 524,000 | 1,497,000 | 930,000 | 363,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2010 | 93,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2008 | 90,516,000 | 90,516,000 | 90,516,000 | 90,516,000 | 90,516,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of adoption of a standard on other-than- temporary impairment recognition, net of taxes of 2,497 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 14,237 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses related to factors other than credit during the period, net of tax benefits of 5,147 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for net realized losses included in net income, net of tax benefits of 2,202 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 3,718 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 3,333 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2009 | 91,562,000 | 91,562,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents | 341,330,000 | 257,331,000 | 265,143,000 | 160,222,000 | 166,709,000 | 147,774,000 | 189,959,000 | 167,020,000 | 152,163,000 | 156,093,000 | 146,917,000 | 144,945,000 | 155,382,000 | 165,395,000 | 168,330,000 | 203,398,000 | 171,631,000 | 192,481,000 | 322,914,000 | 199,601,000 | 213,774,000 | 316,481,000 | 25,059,000 | 251,467,000 | ||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 702,000 | 1,708,000 | 788,000 | 1,137,000 | 35,039,000 | 10,433,000 | 17,184,000 | 59,009,000 | 75,144,000 | 84,804,000 | 44,667,000 | 81,121,000 | 85,232,000 | 67,080,000 | 58,064,000 | 36,060,000 | 75,941,000 | 20,087,000 | 50,258,000 | 34,677,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 696 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 609 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 526 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, march 31, 2010 | 93,096,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 5,711 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 1,862 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 1,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, march 31, 2009 | 91,440,000 | 91,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock equity | 1,421,908,000 | 1,401,746,000 | 1,404,103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest: cumulative preferred stock of subsidiaries - not subject to mandatory redemption | 34,293,000 | 34,293,000 | 34,293,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of adoption of a standard on other-than-temporary impairment recognition, net of taxes of 2,497 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 32,323,000 | 27,224,000 | 32,337,000 | 37,490,000 | 27,580,000 | 24,095,000 | 42,672,000 | 11,238,000 | 30,932,000 | 30,522,000 | 21,890,000 | 118,217,000 | 7,134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 16,248 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses related to factors other than credit arising during the period, net of tax benefits of 6,650 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: reclassification adjustment for net realized losses included in net income, net of tax benefits of 6,125 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 5,562 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 4,990 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, september 30, 2009 | 92,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2007 | 83,432,000 | 83,432,000 | 83,432,000 | 83,432,000 | 83,432,000 | 83,432,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on securities arising during the period, net of tax benefits of 1,842 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: reclassification adjustment for net realized losses included in net income, net of tax benefits of 6,915 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 2,775 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 2,501 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, september 30, 2008 | 85,081,000 | 85,081,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of adoption of fsp fas 115-2 and fas 124-2, net of taxes of 2,497 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on securities arising during the period, net of tax benefits of 2,847 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for net realized losses included in net income, net of tax benefits of 6,915 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 1,848 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2008 | 84,646,000 | 84,646,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 5,808 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for net realized gains included in net income, net of taxes of 372 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net income, prior service gain and transition obligation included in net periodic benefit cost, net of taxes of 923 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of tax benefits of 834 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, march 31, 2008 | 83,956,000 | 83,956,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of taxes of 2,501 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2006 | 81,461,000 | 81,461,000 | 81,461,000 | 81,461,000 | 81,461,000 | 81,461,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 6,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement benefit plans - amortization of net income, prior service cost and transition obligation included in net periodic benefit cost, net of taxes of 3,825 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to initially apply a puc d&o related to defined benefit retirement plans, net of taxes of 11,595 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to initially apply fin 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, september 30, 2007 | 82,958,000 | 82,958,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings - other than bank | 221,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, net - other than bank | 1,206,965,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of taxes of 1,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on securities arising during the period, net of tax benefits of 1,989 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement benefit plans - amortization of net income, prior service cost and transition obligation included in net periodic benefit cost, net of taxes of 2,622 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2007 | 82,391,000 | 82,391,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock of subsidiaries—not subject to mandatory redemption | 34,293,000 | 34,293,000 | 34,293,000 | 34,406,000 | 34,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for impact of d&os of the puc included in regulatory assets, net of taxes of 834 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities arising during the period, net of taxes of 6,406 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit pension plans—amortization of net income, prior service gain and transition obligation included in net periodic pension cost, net of taxes of 1,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, march 31, 2007 | 81,824,000 | 81,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in stock of federal home loan bank of seattle, at cost | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | 97,764,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangibles | 85,622,000 | 87,130,000 | 86,645,000 | 88,011,000 | 88,598,000 | 89,023,000 | 89,696,000 | 90,140,000 | 90,781,000 | 92,185,000 | 93,200,000 | 93,114,000 | 95,271,000 | 93,947,000 | 97,947,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit retirement plans - amortization of net income, prior service cost and transition obligation included in net periodic benefit cost, net of taxes of 3,825 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to initially apply a puc interim d&o related to defined benefit retirement plans, net of taxes of 11,595 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2005 | 80,983,000 | 80,983,000 | 80,983,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses arising during the period, net of income tax benefits of 164 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for net realized gains included in net income, net of income taxes of 690 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability adjustment, net of tax benefits of 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, september 30, 2006 | 81,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit retirement plans—amortization of net income, prior service cost and transition obligation included in net periodic benefit cost, net of taxes of 2,622 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on securities arising during the period, net of tax benefits of 16,697 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2006 | 81,275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit pension plans - amortization of net income, prior service cost and transition obligation included in net periodic pension cost, net of taxes of 1,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on securities arising during the period, net of tax benefits of 8,890 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, march 31, 2006 | 81,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric utility | 569,838,000 | 503,967,000 | 475,056,000 | 491,339,000 | 429,730,000 | 374,775,000 | 410,077,000 | 370,605,000 | 346,613,000 | 359,250,000 | 354,529,000 | 341,386,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank | 103,338,000 | 102,556,000 | 100,004,000 | 97,431,000 | 91,946,000 | 97,224,000 | 90,296,000 | 89,982,000 | 89,258,000 | 93,770,000 | 92,703,000 | 108,034,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 131,860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense—other than bank | -18,275,000 | -19,134,000 | -19,117,000 | -18,990,000 | -19,130,000 | -18,376,000 | -19,106,000 | -17,879,000 | -19,937,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for borrowed funds used during construction | 838,000 | 719,000 | 702,000 | 558,000 | 475,000 | 427,000 | 859,000 | 733,000 | 644,000 | 496,000 | 446,000 | 524,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends of subsidiaries | -471,000 | -473,000 | -473,000 | -471,000 | -474,000 | -476,000 | -475,000 | -475,000 | -475,000 | -501,000 | -501,000 | -501,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for equity funds used during construction | 1,838,000 | 1,588,000 | 1,548,000 | 1,406,000 | 1,182,000 | 1,087,000 | 1,934,000 | 1,673,000 | 1,449,000 | 1,098,000 | 989,000 | 998,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 50,286,000 | 43,429,000 | 59,742,000 | 65,628,000 | 48,008,000 | 48,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 17,963,000 | 16,205,000 | 19,474,000 | 22,252,000 | 15,167,000 | 14,779,000 | 24,869,000 | 38,533,000 | 17,076,000 | 17,483,000 | 14,739,000 | 17,461,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 32,323,000 | 27,224,000 | 37,490,000 | 28,335,000 | 40,759,000 | 11,238,000 | 30,522,000 | 25,760,000 | 118,217,000 | 28,666,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations-loss on disposal, net of income taxes | -755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share | 400 | 300 | 810 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 400 | 340 | 460 | 350 | 510 | 140 | 810 | 690 | 850 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -10 | 20 | -100 | -640 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share | 400 | 300 | 800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 620 | 620 | 620 | 620 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | 81,213,000 | 81,100,000 | 80,981,000 | 80,903,000 | 80,814,000 | 80,701,000 | 80,509,000 | 80,350,000 | 38,369,000 | 37,516,000 | 37,195,000 | 33,716,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock options and dividend equivalents | 343,000 | 332,000 | 451,000 | 399,000 | 319,000 | 357,000 | 209,000 | 160,000 | 182,000 | 209,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted weighted-average shares | 81,556,000 | 81,432,000 | 81,363,000 | 81,354,000 | 81,213,000 | 81,135,000 | 80,828,000 | 80,707,000 | 38,578,000 | 37,676,000 | 37,377,000 | 33,925,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ratio of earnings to fixed charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excluding interest on asb deposits | 2,330 | 2,000 | 2,220 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
including interest on asb deposits | 1,950 | 1,760 | 1,930 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other borrowings | 1,671,655,000 | 1,623,287,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 51,811,000 | 43,502,000 | 38,874,000 | 49,771,000 | 40,499,000 | 46,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock-based compensation | 382,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale mortgage-related securities pledged for repurchase agreements | 813,136,000 | 821,274,000 | 885,650,000 | 916,592,000 | 1,000,681,000 | 981,631,000 | 937,337,000 | 960,085,000 | 989,745,000 | 755,764,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in federal home loan bank of seattle stock | 97,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 681,427,000 | 667,463,000 | 753,180,000 | 790,699,000 | 870,098,000 | 851,331,000 | 787,585,000 | 836,648,000 | 845,959,000 | 617,542,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances from federal home loan bank | 1,008,200,000 | 1,018,200,000 | 998,200,000 | 1,020,053,000 | 965,052,000 | 935,052,000 | 1,037,052,000 | 1,039,552,000 | 1,057,252,000 | 1,183,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations-gain on disposal, net of income taxes | 1,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held-to-maturity investment in federal home loan bank of seattle stock | 97,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -11,759,000 | -36,804,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held-to-maturity investment securities | 97,764,000 | 97,365,000 | 96,516,000 | 95,566,000 | 93,447,000 | 92,227,000 | 91,035,000 | 88,047,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended march 31 | 2,005,000 | 2,004,000 | 2,003,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense–other than bank | -18,835,000 | -21,447,000 | -17,315,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock options and other | 434,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hei- and heco-obligated preferred securities of trust subsidiaries | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -4,677,000 | -25,792,000 | 20,407,000 | 6,861,000 | 20,698,000 | 25,854,000 | 30,679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred securities distributions of trust subsidiaries | -4,008,000 | -4,009,000 | -4,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations-income from operations, net of income tax benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock of subsidiaries–not subject to mandatory redemption | 34,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, authorized 10,000 shares; issued: none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations-income from operations net of income tax benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hei- and heco-obligated preferred securities of trust subsidiaries directly or indirectly holding solely hei and hei-guaranteed and heco and heco-guaranteed subordinated debentures | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations-income from operations, net of income taxes | -3,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangibles. | 95,514,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric utility. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to and notes receivable from subsidiaries | 5,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale investment securities | 7,971,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 1,593,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax assets | 13,110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 4,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets of discontinued operations | 787,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in subsidiaries, at equity | 1,512,423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable to subsidiaries | 10,922,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan from hei preferred funding, lp | 103,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net liabilities of discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note to balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt consisted of the following: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
promissory notes, 6.2 - 7.6%, due in various years from 2003 through 2014 | 301,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
promissory note, 5.5%, due in 2003 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues 1 | -3,881,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income from continuing operations of subsidiaries | 152,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating, administrative and general | 15,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation of property, plant and equipment | 891,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes, other than income taxes | 460,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 37,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income tax benefits | 94,284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefits | 23,933,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued subsidiary operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability | 33,358,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on disposals | -20,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -21,532,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.