Financial Highlights
Basic Earnings Per Share
(in dollars)
Basic Earnings Per Share–Excluding Items*
(in dollars)
* Not a financial measure under generally accepted accounting principles. See Reconciliation of Non-GAAP Financial Metric on page 21 for additional information and specific adjustments made to this measure by year.
Return On Average Common Equity
(percent)
Dividends Per Share
(in dollars)
2022
2021
Change
Operating Revenues (in millions)
$29,279
$23,113
26.7%
Earnings (in millions)
$3,524
$2,393
47.3%
Basic Earnings Per Share
$3.28
$2.26
45.1%
Diluted Earnings Per Share
$3.26
$2.24
45.5%
Dividends Per Share (amount paid)
$2.70
$2.62
3.1%
Dividend Yield (year-end, percent)
3.8
3.8
–%
Average Shares Outstanding (in millions)
1,075
1,061
1.3%
Return On Average Common Equity (percent)
12.09
8.57
41.1%
Book Value Per Share
$27.93
$26.30
6.2%
Market Price Per Share (year-end, closing)
$71.41
$68.58
4.1%
Total Market Value Of Common Stock (year-end, in millions)
$77,750
$72,693
7.0%
Total Assets (in millions)
$134,891
$127,534
5.8%
Total Kilowatt-Hour Sales (in millions)
204,273
193,380
5.6%
Retail
147,981
143,370
3.2%
Wholesale
56,292
50,010
12.6%
Total Utility Customers (year-end, in thousands)
8,795
8,722
0.8%