Income StatementLTMDec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15

Total Revenues

26,298

24,753

28,114

20,956

17,069

17,997

19,204

16,727

17,173

16,138

17,486

Total Revenues %Chg

0.2%

-12%

34.2%

22.8%

-5.2%

-6.3%

14.8%

-2.6%

6.4%

-7.7%

2.7%

Fuel and Purchased Power Expense

4,864

5,029

5,457

6,389

4,527

3,539

4,363

3,732

4,071

3,992

5,327

Operations and Maintenance Expenses

5,119

4,857

4,681

4,428

3,981

3,934

3,640

3,330

3,458

3,529

3,269

Gross Profit

16,315

14,867

17,976

10,139

8,561

10,524

11,201

9,665

9,644

8,617

8,890

Gross Profit Margin

62%

60.1%

63.9%

48.4%

50.2%

58.5%

58.3%

57.8%

56.2%

53.4%

50.8%

Depreciation & Amortization Expenses

6,477

5,462

5,879

4,503

3,924

4,052

4,216

3,911

2,357

3,120

2,831

Taxes Other than Income Tax

2,434

2,278

2,265

2,077

1,801

1,709

1,804

1,551

1,455

1,343

1,395

Net Gains on Disposal of Operating Assets

231

352

405

522

77

353

406

80

1,111

-447

4

Other Operating Expenses

—

—

—

—

—

—

234

3

1,770

142

28

Operating Profit

7,635

7,479

10,237

4,081

2,913

5,116

5,353

4,280

5,173

4,459

4,632

Operating Margin

29%

30.2%

36.4%

19.5%

17.1%

28.4%

27.9%

25.6%

30.1%

27.6%

26.5%

Interest and Investment Income

-929

-48

-487

315

808

-1,258

133

505

314

316

263

Interest Expense

-3,262

-2,235

-3,324

-585

-1,270

-1,950

-2,249

-1,498

-1,558

-1,098

-1,211

Non-Operating Income

811

841

862

943

724

505

599

4,065

357

640

330

Total Non-Operating Income

-3,380

-1,442

-2,949

673

262

-2,703

-1,517

3,072

-887

-142

-618

Income Before Provision for Income Taxes

4,255

6,037

7,288

3,832

3,175

2,413

3,836

7,352

4,663

4,378

3,990

Provision for Income Taxes

-856

339

1,006

586

348

44

448

1,576

-660

1,379

1,228

Consolidated Net Income

5,111

5,698

6,282

3,246

2,827

2,369

3,388

5,776

5,323

2,999

2,762

Net Income Attributable to Minority Interests and Other

-1,391

-1,248

-1,028

-901

-746

-550

-381

-862

-57

93

10

Net Income Attributable to Discontinued Operations

—

—

—

—

—

—

—

—

—

—

—

Net Income Attributable to Common Shareholders

6,502

6,946

7,310

4,147

3,573

2,919

3,769

6,638

5,380

2,906

2,752

Basic EPS

3.2

3.4

3.6

2.1

1.8

1.5

2

3.5

2.9

1.6

1.5

Diluted EPS

3.1

3.4

3.6

2.1

1.8

1.5

1.9

3.5

2.8

1.6

1.5

Basic Weighted Average Shares Outstanding

2,061

2,052.9

2,026.1

1,972.6

1,962.5

1,959

1,927.9

1,892.8

1,875.2

1,852.4

1,802

Total Shares Outstanding

2,082.6

2,057

2,052

1,987

1,963

1,960

1,956

1,912

1,883

1,872

1,844

Diluted Weighted Average Shares Outstanding

2,064.9

2,059.2

2,030.8

1,978.6

1,972.2

1,968.8

1,941.9

1,907.9

1,890

1,863.2

1,816

EBITDA

14,443

13,240

16,388

8,871

7,127

9,431

9,831

8,427

7,811

7,887

7,835

Effective Tax Rate

-20.1%

5.6%

13.8%

15.3%

11%

1.8%

11.7%

21.4%

-14.2%

31.5%

30.8%