Otter Tail Stock Income Statements

Otter Tail Quarterly Income Statements Chart

Quarterly

Annual

Operating Profit

Net Income

Otter Tail Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	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	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2014-12-31	2014-09-30	2014-03-31	2013-12-31	2013-06-30	2013-03-31	2012-12-31	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	2009-12-31	2009-09-30	2009-06-30

operating revenues
electric	128,731,000	149,720,000	139,819,000	130,380,000	112,828,000	141,488,000	132,362,000	130,326,000	113,763,000	151,909,000	145,587,000	142,747,000	130,949,000	130,416,000	131,692,000	118,775,000	106,155,000	123,699,000												103,394,000	118,543,000	329,431,000	97,918,000	112,985,000	100,538,000	90,927,000	106,301,000	89,376,000	119,048,000	290,621,000	82,838,000	100,976,000	93,314,000	88,518,000	78,909,000	89,938,000	87,887,000	85,117,000	77,977,000	91,525,000	84,112,000	88,719,000	76,233,000	91,014,000	81,829,000	73,506,000	70,610,000
product sales	204,312,000	187,633,000	163,292,000	207,653,000	229,508,000	205,580,000	181,951,000	227,730,000	223,953,000	187,172,000	155,822,000	241,109,000	269,091,000	244,488,000	201,540,000	197,519,000	179,453,000	138,011,000												113,063,000	95,574,000	270,626,000	105,564,000	93,257,000	99,485,000	97,226,000	87,106,000	107,149,000	95,918,000
total operating revenues	333,043,000	337,353,000	303,111,000	338,033,000	342,336,000	347,068,000	314,313,000	358,056,000	337,716,000	339,081,000	301,409,000	383,856,000	400,040,000	374,904,000	333,232,000	316,294,000	285,608,000	261,710,000	226,849,000	235,755,000	192,756,000	234,747,000	215,676,000	228,652,000	229,203,000	245,972,000	227,662,000	226,348,000	241,266,000	216,457,000	214,117,000	600,057,000	203,482,000	206,242,000	200,023,000	188,153,000	81,808,000	242,371,000	240,472,000	680,924,000	212,389,000	217,954,000	20,798,000	277,143,000	283,709,000	277,589,000	163,759,000	315,758,000	316,975,000	286,681,000	306,036,000	280,667,000	270,195,000	262,186,000	257,976,000	257,440,000	246,857,000
operating expenses
electric production fuel	16,292,000	14,321,000	15,936,000	14,991,000	12,324,000	17,694,000	14,411,000	19,603,000	14,833,000	11,492,000	10,572,000	24,972,000	14,714,000	14,853,000	14,751,000	17,698,000	12,164,000	14,714,000
electric purchased power	15,497,000	30,870,000	19,054,000	10,735,000	9,249,000	22,521,000	20,360,000	10,895,000	5,212,000	41,825,000	35,677,000	19,913,000	24,162,000	20,529,000	25,136,000	9,878,000	11,135,000	19,260,000
electric operating and maintenance expenses	46,804,000	48,881,000	54,055,000	43,737,000	44,652,000	47,977,000	56,659,000	43,534,000	45,522,000	45,549,000	54,918,000	39,799,000	42,379,000	44,278,000	45,054,000	36,465,000	36,729,000	41,421,000
cost of products sold	105,966,000	104,387,000	91,560,000	111,444,000	116,795,000	114,723,000	102,792,000	118,303,000	120,658,000	112,369,000	99,358,000	139,361,000	152,466,000	151,759,000	129,603,000	134,212,000	122,578,000	101,977,000	82,690,000	86,856,000	73,832,000	85,879,000	77,794,000	88,747,000	97,996,000	90,582,000	93,361,000	93,545,000	88,785,000	86,230,000	75,277,000	214,273,000	80,949,000	72,639,000	78,428,000	74,986,000	68,568,000	85,384,000	73,939,000
nonelectric selling, general, and administrative expenses	17,352,000	21,292,000	24,169,000	18,829,000	18,154,000	18,914,000
depreciation and amortization	29,447,000	29,375,000	27,542,000	27,051,000	26,632,000	25,897,000	25,318,000	24,548,000	24,232,000	23,856,000	22,768,000	22,716,000	23,566,000	23,548,000	23,249,000	22,815,000	23,169,000	22,126,000	20,807,000	20,395,000	20,436,000	20,399,000	19,857,000	19,657,000	19,441,000	19,131,000	18,708,000	18,745,000	18,763,000	17,927,000	17,854,000	54,920,000	18,525,000	18,289,000	15,141,000	14,661,000	13,203,000	15,122,000	14,780,000	45,050,000	14,835,000	14,920,000	9,642,000	15,951,000	17,118,000	17,053,000	11,252,000	19,937,000	19,725,000	19,113,000	20,705,000	20,357,000	19,883,000	19,751,000	19,343,000	18,345,000	18,103,000
electric property taxes	4,227,000	4,228,000	3,971,000	3,705,000	3,619,000	4,367,000	3,463,000	4,194,000	4,336,000	4,621,000	4,438,000	4,438,000	4,435,000	4,432,000	4,473,000	4,474,000	4,342,000	4,320,000
total operating expenses	235,585,000	253,354,000	236,287,000	230,492,000	231,425,000	252,093,000	244,233,000	236,940,000	231,663,000	258,411,000	246,468,000	267,723,000	278,974,000	276,605,000	262,073,000	241,766,000	225,786,000	217,511,000	198,890,000	183,026,000	164,847,000	195,458,000	184,439,000	191,397,000	202,384,000	206,403,000	189,400,000	196,243,000	203,651,000	184,848,000	181,316,000	516,041,000	176,399,000	178,666,000	170,397,000	163,353,000	63,260,000	214,049,000	206,050,000	599,852,000	196,610,000	190,715,000	-46,120,000	255,802,000	307,352,000	260,178,000	159,199,000	298,556,000	302,398,000	273,519,000	289,179,000	265,859,000	283,338,000	246,195,000	244,871,000	239,944,000	240,677,000
operating income	97,458,000	83,999,000	66,824,000	107,541,000	110,911,000	94,975,000	70,080,000	121,116,000	106,053,000	80,670,000	54,941,000	116,133,000	121,066,000	98,299,000	71,159,000	74,528,000	59,822,000	44,199,000	27,959,000	52,729,000	27,909,000	39,289,000	31,237,000	37,255,000	26,819,000	39,569,000	38,262,000	30,105,000	37,615,000	31,609,000	32,801,000	84,016,000	27,083,000	27,576,000	29,626,000	24,800,000	18,548,000	28,322,000	34,422,000	81,072,000	15,779,000	27,239,000	66,918,000	21,341,000	-23,643,000	17,411,000	4,560,000	17,202,000	14,577,000	13,162,000	16,857,000	14,808,000	-13,143,000	15,991,000	13,105,000	17,496,000	6,180,000
yoy	-12.13%	-11.56%	-4.65%	-11.21%	4.58%	17.73%	27.56%	4.29%	-12.40%	-17.93%	-22.79%	55.82%	102.38%	122.40%	154.51%	41.34%	114.35%	12.50%	-10.49%	41.54%	4.06%	-0.71%	-18.36%	23.75%	-28.70%	25.18%	16.65%	-64.17%	38.89%	14.63%	10.72%	238.77%	46.02%	-2.63%	-13.93%	-69.41%	17.55%	3.98%	-48.56%	279.89%	-166.74%	56.45%	1367.50%	24.06%	-262.19%	32.28%	-72.95%	16.17%	-210.91%	-17.69%	28.63%	-15.36%	-312.67%
qoq	16.02%	25.70%	-37.86%	-3.04%	16.78%	35.52%	-42.14%	14.20%	31.47%	46.83%	-52.69%	-4.07%	23.16%	38.14%	-4.52%	24.58%	35.35%	58.09%	-46.98%	88.93%	-28.96%	25.78%	-16.15%	38.91%	-32.22%	3.42%	27.10%	-19.97%	19.00%	-3.63%	-60.96%	210.22%	-1.79%	-6.92%	19.46%	33.71%	-34.51%	-17.72%	-57.54%	413.80%	-42.07%	-59.29%	213.57%	-190.26%	-235.79%	281.82%	-73.49%	18.01%	10.75%	-21.92%	13.84%	-212.67%	-182.19%	22.02%	-25.10%	183.11%
operating margin %
other income and
interest expense	-11,720,000	-11,553,000	-10,590,000	-11,173,000	-10,202,000	-9,850,000	-9,392,000	-9,175,000	-9,696,000	-9,415,000
nonservice components of postretirement benefits	854,000	1,282,000	1,799,250	2,367,000	2,388,000	2,442,000	1,780,500	2,289,000	2,421,000	2,412,000
other income	4,788,000	4,456,000	4,357,000	5,421,000	4,490,000	4,579,000	4,809,000	2,471,000	3,253,000	2,118,000	2,839,000	-174,000	-889,000	260,000	805,000	203,000	734,000	1,160,000	2,322,000	1,712,000	2,410,000	-389,000	1,998,000	1,020,000	850,000	1,244,000	1,245,000	707,000	1,183,000	592,000	553,000	1,373,000	1,532,000	400,000	334,000	567,000	382,000	494,000	1,823,000	3,400,000	696,000	861,000	1,662,000	689,000	741,000	993,000	419,000	489,000	1,107,000	675,000	1,997,000	1,205,000	1,788,000	136,000	923,000	1,609,000	1,351,000
income before income taxes	91,380,000	78,184,000	63,003,000	104,156,000	107,587,000	92,146,000	68,972,000	116,701,000	102,031,000	75,785,000	49,213,000	106,752,000	111,937,000	89,633,000	62,289,000	64,578,000	50,377,000	35,578,000	20,331,000	45,031,000	20,789,000	29,906,000	23,886,000	29,681,000	18,769,000	31,952,000																									9,551,000	6,719,000	-20,760,000	7,097,000	5,794,000	11,747,000	879,000
income tax expense	13,652,000	10,085,000	8,153,000	18,677,000	20,592,000	17,808,000	11,205,000	24,727,000	20,062,000	13,304,000	7,208,000	22,513,000	26,000,000	17,630,000	10,672,000	11,824,000	8,308,000	5,249,000	1,663,000	9,097,000	3,808,000	5,638,000	3,534,000	4,936,000	3,343,000	5,628,000
net income	77,728,000	68,099,000	54,850,000	85,479,000	86,995,000	74,338,000	57,767,000	91,974,000	81,969,000	62,481,000	42,005,000	84,239,000	85,937,000	72,003,000	51,617,000	52,754,000	42,069,000	30,329,000	18,668,000	35,934,000	16,981,000	24,268,000	20,352,000	24,745,000	15,426,000	26,324,000	23,273,000	18,696,000	26,215,000	17,734,000	19,585,000	3,918,750	15,675,000	14,520,000	15,392,000	11,436,000	11,812,000	15,825,000	21,430,000	1,925,250	7,701,000	15,363,000	-2,060,000	1,873,000	-17,356,000	7,243,000				5,696,000	2,056,000	6,101,000	-14,218,000	4,717,000	8,320,000	10,592,000	2,731,000
yoy	-10.65%	-8.39%	-5.05%	-7.06%	6.13%	18.98%	37.52%	9.18%	-4.62%	-13.22%	-18.62%	59.68%	104.28%	137.41%	176.50%	46.81%	147.74%	24.98%	-8.27%	45.22%	10.08%	-7.81%	-12.55%	32.35%	-41.16%	48.44%	18.83%	377.09%	67.24%	22.13%	27.24%	-65.73%	32.70%	-8.25%	-28.18%	494.00%	53.38%	3.01%	-1140.29%	2.79%	-144.37%	112.11%				27.16%				20.75%	-75.29%	-42.40%	-620.62%
qoq	14.14%	24.15%	-35.83%	-1.74%	17.03%	28.69%	-37.19%	12.21%	31.19%	48.75%	-50.14%	-1.98%	19.35%	39.49%	-2.16%	25.40%	38.71%	62.47%	-48.05%	111.61%	-30.03%	19.24%	-17.75%	60.41%	-41.40%	13.11%	24.48%	-28.68%	47.82%	-9.45%	399.78%	-75.00%	7.95%	-5.67%	34.59%	-3.18%	-25.36%	-26.15%	1013.10%	-75.00%	-49.87%	-845.78%	-209.98%	-110.79%	-339.62%					177.04%	-66.30%	-142.91%	-401.42%	-43.31%	-21.45%	287.84%
net income margin %
weighted-average common shares outstanding:
basic	41,874,000	41,826,000	41,778,000	41,800,000	41,784,000	41,724,000	41,668,000	41,680,000	41,678,000	41,632,000	41,586,000	41,600,000	41,597,000	41,548,000	41,491,000	41,504,000	41,500,000	41,455,000	40,710,000
diluted	42,118,000	42,062,000	42,072,000	42,081,000	42,068,000	42,033,000	42,039,000	42,058,000	42,053,000	41,977,000	41,931,000	41,974,000	41,944,000	41,871,000	41,818,000	41,869,000	41,818,000	41,700,000	40,905,000
earnings per share:
basic	1.86	1.63	1.31	2.04	2.08	1.78	1.39	2.21	1.97	1.5	1.01	2.02	2.07	1.73	1.24	1.27	1.01	0.73
diluted	1.85	1.62	1.3	2.03	2.07	1.77	1.37	2.19	1.95	1.49	1	2.01	2.05	1.72	1.24	1.26	1.01	0.73
other nonelectric expenses							12,858,250	15,863,000	16,870,000	18,699,000	18,737,000	16,524,000	17,252,000	17,206,000	19,807,000	16,224,000	15,669,000	13,693,000	18,774,000	13,615,000	10,762,000	11,900,000	12,378,000	11,665,000	13,262,000	13,477,000	12,547,000	12,649,000	12,494,000	10,933,000	10,438,000	31,026,000	9,238,000	11,455,000	10,771,000	8,823,000	3,895,000	13,421,000	13,561,000	39,754,000	12,176,000	13,778,000	1,503,000	16,438,000	17,189,000	17,491,000	-30,739,000	37,163,000	32,765,000	35,626,000	42,511,000	35,353,000	35,116,000	30,771,000	33,121,000	30,476,000	32,410,000
other income and expense
interest charges											8,818,000	9,259,000	8,991,000	8,948,000	9,170,000	9,648,000	9,555,000	9,398,000	9,094,000	8,568,000	8,662,000	8,123,000	8,221,000	7,539,000	7,825,000	7,826,000	7,549,000	7,676,000	7,372,000	7,393,000	7,462,000	23,910,000	7,976,000	7,994,000	7,730,000	7,702,000	7,739,000	7,687,000	6,595,000	20,101,000	6,877,000	6,980,000	6,908,000	7,904,000	8,477,000	8,616,000	8,472,000	8,708,000	9,149,000	9,489,000	9,303,000	9,294,000	9,405,000	9,030,000	8,234,000	7,358,000	6,652,000
nonservice cost components of postretirement benefits											-251,000	-52,000	-751,000	-22,000	505,000	505,000	624,000	383,000	856,000	842,000	868,000	871,000	1,128,000	1,055,000	1,075,000	1,035,000	1,326,000	1,386,000	1,417,000
electric:
revenues from contracts with customers																			82,578,250	112,435,000	97,921,000	119,957,000	111,725,000	115,285,000	101,861,000	129,144,000	105,749,000	105,284,000	123,825,000
changes in accrued revenues under alternative revenue programs																			725,000	2,778,000	209,000	-87,000	2,633,000	-921,000	369,000	-1,049,000	-317,000	-1,565,000	-875,000
total electric revenues																			83,303,250	115,213,000	98,130,000	119,870,000	86,172,500	114,364,000	102,230,000	128,095,000	105,432,000	103,719,000	122,950,000
product sales from contracts with customers																			82,511,250	120,542,000	94,626,000	114,877,000
production fuel – electric																			8,519,250	11,554,000	8,788,000	13,735,000	13,709,000	18,331,000	8,296,000	18,920,000	17,129,000	15,888,000	18,706,000	16,096,000										3,900,750	15,603,000
purchased power – electric system use																			11,485,000	13,428,000	13,682,000	18,830,000	17,318,000	13,163,000	19,633,000	21,952,000				13,371,000
electric operation and maintenance expenses																			26,659,750	32,845,000	33,179,000	40,615,000	39,422,000	35,869,000	39,856,000	38,382,000	33,897,000	37,741,000	39,475,000	36,570,000	38,379,000	112,244,000	38,981,000	40,018,000	32,648,000	37,754,000	34,194,000	33,346,000	34,622,000	97,590,000	35,805,000	32,447,000	29,932,000	28,717,000	32,407,000	30,013,000	31,145,000	27,323,000	28,687,000	28,708,000	27,809,000	26,959,000	29,084,000	28,322,000	26,651,000	23,327,000	28,959,000
property taxes – electric																			3,150,250	4,333,000	4,168,000	4,100,000	3,961,000	3,965,000	3,900,000	3,959,000	4,094,000	3,273,000	3,835,000	3,721,000
average number of common shares outstanding – basic																			10,137,033,250	40,913,972,000	40,513,286,000		9,923,669,250	39,714,672,000	39,712,036,000		39,621,524,000	39,605,717,000
average number of common shares outstanding – diluted																			10,183,232,000	41,077,689,000	40,676,761,000		9,980,645,000	39,946,739,000	39,917,831,000		39,903,565,000	39,879,069,000
basic earnings per common share																			475	880	420	600	510	620	390	660
diluted earnings per common share																			472.5	870	420	600	500	620	390	660
average number of common shares outstanding—basic																						40,217,141,000				39,657,321,000			39,550,874,000	39,507,581,000	39,350,802,000	9,544,842,750	38,179,371,000	37,936,943,000	37,575,413,000	37,433,318,000	9,103,875,000	36,596,396,000	36,240,350,000	9,042,588,250	36,170,353,000	36,075,131,000	9,010,819,000	36,061,002,000	36,031,447,000	35,995,179,000	8,977,998,250	35,933,003,000	35,926,124,000	35,876,853,000	8,943,854,500	35,806,453,000	35,799,231,000	35,720,571,000
average number of common shares outstanding—diluted																						40,444,336,000				39,903,165,000			39,863,682,000	39,795,366,000	39,640,725,000	9,580,322,250	38,321,289,000	38,045,208,000	37,794,543,000	37,653,203,000	9,164,564,250	36,838,990,000	36,431,915,000	9,093,401,500	36,373,606,000	36,259,115,000	9,010,819,000	36,252,765,000	36,031,447,000	36,129,192,000	9,037,636,250	36,171,555,000	36,163,805,000	36,081,426,000	8,943,854,500	36,076,421,000	35,799,231,000	35,939,759,000
product sales under contracts with customers																							89,784,250	114,288,000	126,973,000	117,877,000	122,230,000	122,629,000	118,316,000
purchased power – electric																											9,664,000	14,402,000
income before income taxes – continuing operations																											30,632,000	21,750,000	30,009,000		25,892,000			19,982,000													-3,493,000	8,983,000	6,535,000
income tax expense – continuing operations																											7,359,000	3,054,000	3,794,000		6,363,000			5,492,000					8,288,000
net income from continuing operations																											23,273,000	18,696,000	26,215,000	17,773,000	19,529,000	46,481,000	15,556,000	14,490,000	15,709,000	13,657,000	9,884,000	15,653,000	21,362,000	42,670,000	7,504,000	15,234,000	44,485,000	1,878,000	-16,886,000	9,491,000	-1,386,000	6,874,000	5,998,000
discontinued operations																																			-10	-60	10						-1,160		-10	-60	-1,200	-10	350	50
income – net of income tax (savings) expense of 0, (25), 0 and 53 for the respective periods
basic earnings per common share:
continuing operations																											590	470	660	450	500	1,200	410	380	420	370	270	430	590	1,160	210	410	1,230	50	-480	260	-40	180	160	100
diluted earnings per common share:
dividends declared per common share																											335	335	335	320	320	937.5	312.5	312.5	307.5	307.5	302.5	302.5	302.5	892.5	297.5	297.5	297.5	297.5	297.5	297.5	297.5	297.5
income – net of income tax expense of 0, 40, 0 and 78 for the respective periods
purchased power - electric																													21,593,000		19,188,000			16,886,000
income from discontinued operations – net of income tax expense of 38 in 2017
income before income taxes—continuing operations																														24,808,000		5,159,750	20,639,000		22,230,000	17,665,000	15,562,250	21,129,000
income tax expense—continuing operations																														7,035,000		1,270,750	5,083,000		6,521,000	4,008,000	3,812,500	5,476,000
income – net of income tax (benefit) expense of (25), 14, 53 and 114 for the respective periods																														-39,000
production fuel - electric																															16,382,000	2,497,500	9,990,000	15,700,000	11,124,000	4,183,000	17,462,000	15,121,000	22,030,000			17,953,000	17,783,000	20,622,000	12,455,000	15,424,000	13,280,000	19,080,000	17,080,000	19,577,000	17,491,000	18,210,000	16,492,000
property taxes - electric																															3,798,000	897,250	3,589,000	3,679,000	3,560,000	3,262,000	3,071,000	3,178,000	2,971,000	8,302,000	3,009,000	2,916,000	2,600,000	2,833,000	2,670,000	2,617,000	2,763,000	2,601,000	2,417,000	2,409,000	2,142,000	2,271,000	2,477,000
income from discontinued operations - net of income tax expense of 38 in 2017 and 20 in 2016																															56,000
purchased power - electric system use																																3,781,750	15,127,000		18,725,000	19,684,000	16,877,000	10,710,000	21,785,000	40,761,000	11,245,000	16,639,000	14,560,000	8,138,000	12,328,000	14,158,000	15,692,000	7,488,000	7,894,000	12,377,000	12,058,000	10,254,000	10,420,000
income - net of income tax benefit of 80, (1,329), 100 and (2,705) for the respective periods																																29,750	119,000
impairment loss - net of income tax benefit of 0 for the six months ended june 30, 2015
gain on disposition - net of income tax (benefit) expense of (280) and 4,536 for the three and six months ended june 30, 2015																																				-229,000
net income from discontinued operations																																165,000	119,000	30,000	-317,000	-2,221,000	62,250	172,000	68,000	49,250	197,000		-41,518,000	-5,000	-470,000	-2,248,000	-42,749,000	-506,000	12,830,000
income - net of income tax benefit of 20 and (1,376) for the respective periods																																		30,000
impairment loss - net of income tax benefit of 0 for the three months ended march 31, 2015
gain on disposition - net of income tax expense of 4,816 for the three months ended march 31, 2015
income - net of income tax (benefit) expense of (168), 1,437, (2,873) and 2,614 for the respective periods																																			-252,000
impairment loss - net of income tax benefit of 0 for the nine months ended september 30, 2015
gain on disposition - net of income tax (benefit) expense of (43) and 4,493 for the three and nine months ended september 30, 2015																																			-65,000
income - net of income tax (benefit) expense of (1,329), 1,402, (2,705) and 1,177 for the respective periods																																				-1,992,000
see accompanying condensed notes to consolidated financial statements.
construction services																																					27,899,750	45,846,000	25,506,000
cost of construction revenues earned																																					23,502,500	37,767,000	22,362,000
income - net of income tax benefit of 116, 39, 166 and (35) for the respective periods																																					62,250	172,000
gain on disposition - net of income tax expense of 6 for the nine months ended september 30, 2013
preferred dividend requirements and other adjustments																																										513,000	137,750	183,000	184,000
earnings available for common shares																																					10,475,000	15,825,000	21,430,000	42,651,000	7,701,000	14,850,000	-2,197,750	1,690,000	-17,540,000	7,059,000	-44,319,000	6,184,000	18,322,000	5,512,000	1,873,000	5,914,000	-14,497,000	4,533,000	8,136,000	10,408,000	2,547,000
income before income taxes from continuing operations																																							29,650,000
income - net of income tax benefit of 49 and (205) for the respective periods																																							68,000
gain on disposition - net of income tax expense of 6 for the three months ended march 31, 2013
see accompanying notes to condensed consolidated financial statements.
nonelectric																																								32,387,750	129,551,000	116,978,000	-72,516,000	188,625,000	204,800,000	187,651,000	75,872,000	230,641,000	238,998,000	195,156,000	221,924,000	191,948,000	193,962,000	171,172,000	176,147,000	183,934,000	176,247,000
asset impairment charge - electric																																														432,000
cost of goods sold - nonelectric																																								25,984,250	103,937,000	92,062,000	-72,167,000	158,703,000	167,612,000	162,990,000	112,193,000	184,964,000	193,830,000	155,709,000	166,463,000	152,455,000	150,126,000
income from continuing operations before income taxes																																								2,399,500	9,598,000	21,120,000	-5,142,750	1,020,000	-31,379,000	9,788,000				4,348,000
income taxes – continuing operations																																								523,500	2,094,000	5,886,000				297,000				414,000
income - net of income tax benefit of 131, 3,093, (75) and 3,506 for the respective periods																																								49,250	197,000
impairment loss - net of income tax (benefit) of 0, (18,114), 0 and (18,114) for the respective periods
gain on disposition - net of income tax (benefit) expense of 0, (35), 6, and (169) for the respective periods
income - net of income tax (benefit) expense of (205) and 413 for the respective periods																																										-81,000
gain on disposition - net of income tax benefit of 6 and (134) for the respective periods																																										210,000
net gain from discontinued operations																																										129,000
asset impairment charge																																											-45,573,000		45,573,000								19,740,000
exit and disposal costs – dmi industries, inc.																																											1,100,000	4,400,000
loss on early retirement of debt																																												13,106,000
income tax (benefit) expense – continuing operations																																											-3,763,500	-858,000	-14,493,000
income - net of income tax (benefit) expense of , (307), 571, and 261 for the respective periods																																											205,250	-5,000
gain on disposition - net of income tax (benefit) expense of 0, (302), (169), and 3,213 for the respective periods																																											-886,000
see accompanying notes to consolidated financial statements.
income - net of income tax (benefit) expense of (11), 280, 573, and 568 for the respective periods																																													-15,000
gain on disposition - net of income tax (benefit) expense of (35), 3,515, (169), and 3,515 for the respective periods																																													-455,000
income - net of income tax expense of 584 and 288 for the respective periods																																														841,000
loss on disposition - net of income tax benefit of (134) in 2012																																														-3,089,000
preferred dividend requirements																																														184,000				184,000				184,000	184,000	184,000	184,000
income tax benefit – continuing operations																																															-2,107,000	2,109,000	537,000
income from discontinued operations net of income tax
expense of (34), 1,225, (398), and 3,081 for the respective periods																																															-103,000	-52,000
gain on disposition of discontinued operations net of income tax
(benefit) expense of (302), 0, 3,213, and 0 for the respective periods																																															3,199,500	-454,000
total net income																																															-44,135,000	6,368,000	18,828,000
preferred dividend requirement and other adjustments																																															184,000	184,000	506,000		183,000	187,000	279,000
income from discontinued operations net of income tax expense
(benefit) of (342), 1,227, (364), and 1,856 for the respective periods																																																	-422,000
gain on disposition of discontinued operations net of income taxes
of 3,515 for the three and six months ended june 30, 2011																																																	13,252,000
dividends per common share																																																	297.5	297.5	297.5	297.5	297.5	297.5	297.5	297.5	297.5
income from continuing operations																																																		3,934,000
income from discontinued operations net of income taxes of 1,112 and 727, respectively																																																		1,762,000
product recall and testing costs																																																							-141,000
income tax benefit																																																			7,495,000	618,000	-6,542,000	2,380,000
earnings per common share:
basic																																																			50	170	-400	130	230	290	70
diluted																																																			50	160	-400	130	230	290	70
production fuel — electric																																																						20,909,000	15,802,000	13,172,000	11,754,000
purchased power — electric system use																																																						12,056,000	12,580,000	11,112,000	11,877,000
cost of goods sold — nonelectric																																																						131,912,000	135,601,000	141,318,000	135,319,000
property taxes — electric																																																						2,474,000	1,914,000	2,194,000	2,255,000
plant closure costs
income taxes																																																							-519,750	1,155,000	-1,852,000
average number of common shares outstanding:
basic																																																							8,853,473,250	35,528,190,000	35,388,754,000
diluted																																																							8,917,561,000	35,788,293,000	35,643,707,000

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