2016 Q1 Form 10-Q Financial Statement

#000105787716000275 Filed on April 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $281.0M $279.4M
YoY Change 0.56% -4.55%
Cost Of Revenue $48.10M $43.00M
YoY Change 11.86% -4.02%
Gross Profit $232.9M $236.4M
YoY Change -1.48% -4.64%
Gross Profit Margin 82.9% 84.61%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.15M $35.06M
YoY Change 3.1% 3.45%
% of Gross Profit 15.52% 14.83%
Operating Expenses $237.1M $236.5M
YoY Change 0.27% -3.13%
Operating Profit $43.82M $42.90M
YoY Change 2.13% -11.68%
Interest Expense $21.07M $20.44M
YoY Change 3.09% 2.0%
% of Operating Profit 48.08% 47.63%
Other Income/Expense, Net $2.204M $1.961M
YoY Change 12.39% -14.29%
Pretax Income $29.90M $29.46M
YoY Change 1.5% -17.93%
Income Tax $4.367M $6.111M
% Of Pretax Income 14.61% 20.75%
Net Earnings $25.73M $23.43M
YoY Change 9.81% -14.5%
Net Earnings / Revenue 9.16% 8.39%
Basic Earnings Per Share $0.51 $0.47
Diluted Earnings Per Share $0.51 $0.47
COMMON SHARES
Basic Shares Outstanding 50.30M shares 50.22M shares
Diluted Shares Outstanding 50.34M shares 50.26M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.7M $317.2M
YoY Change -30.74% 259.23%
Cash & Equivalents $219.7M $317.2M
Short-Term Investments
Other Short-Term Assets $74.00K $194.0K
YoY Change -61.86% -92.05%
Inventory $123.4M $114.5M
Prepaid Expenses $14.72M $14.82M
Receivables $69.23M $74.06M
Other Receivables $22.70M $13.40M
Total Short-Term Assets $587.3M $692.7M
YoY Change -15.22% 40.3%
LONG-TERM ASSETS
Property, Plant & Equipment $4.010B $3.864B
YoY Change 3.77% 4.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $136.6M $161.5M
YoY Change -15.42% 2.54%
Other Assets $40.86M $43.00M
YoY Change -4.97% 1.78%
Total Long-Term Assets $5.543B $5.279B
YoY Change 5.0% 8.45%
TOTAL ASSETS
Total Short-Term Assets $587.3M $692.7M
Total Long-Term Assets $5.543B $5.279B
Total Assets $6.130B $5.972B
YoY Change 2.66% 11.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.61M $65.16M
YoY Change -6.99% -9.61%
Accrued Expenses $56.10M $55.00M
YoY Change 2.0% 4.36%
Deferred Revenue
YoY Change
Short-Term Debt $23.30M $43.40M
YoY Change -46.31% -8.25%
Long-Term Debt Due $101.1M $121.1M
YoY Change -16.52% 11278.2%
Total Short-Term Liabilities $311.8M $347.3M
YoY Change -10.21% 40.68%
LONG-TERM LIABILITIES
Long-Term Debt $1.744B $1.742B
YoY Change 0.16% 7.9%
Other Long-Term Liabilities $44.92M $50.77M
YoY Change -11.53% 1.95%
Total Long-Term Liabilities $2.013B $1.924B
YoY Change 4.6% 17.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $311.8M $347.3M
Total Long-Term Liabilities $2.013B $1.924B
Total Liabilities $2.325B $2.272B
YoY Change 2.33% 20.46%
SHAREHOLDERS EQUITY
Retained Earnings $1.230B $1.132B
YoY Change 8.65% 9.56%
Common Stock $848.4M $845.7M
YoY Change 0.31% 0.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $29.00K $5.000K
YoY Change 480.0% -76.19%
Treasury Stock Shares 4.590K shares 574.0 shares
Shareholders Equity $2.058B $1.954B
YoY Change
Total Liabilities & Shareholders Equity $6.130B $5.972B
YoY Change 2.66% 11.38%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $25.73M $23.43M
YoY Change 9.81% -14.5%
Depreciation, Depletion And Amortization $36.15M $35.06M
YoY Change 3.1% 3.45%
Cash From Operating Activities $66.18M $105.4M
YoY Change -37.24% 8.78%
INVESTING ACTIVITIES
Capital Expenditures $54.66M $78.43M
YoY Change -30.31% 32.5%
Acquisitions
YoY Change
Other Investing Activities $4.000K -$1.008M
YoY Change -100.4% -45.1%
Cash From Investing Activities -$53.22M -$76.59M
YoY Change -30.51% 38.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.084M $3.222M
YoY Change -4.28% 39.84%
Debt Paid & Issued, Net $1.064M $1.064M
YoY Change 0.0% 0.0%
Cash From Financing Activities $91.93M $231.6M
YoY Change -60.3% -834.05%
NET CHANGE
Cash From Operating Activities $66.18M $105.4M
Cash From Investing Activities -$53.22M -$76.59M
Cash From Financing Activities $91.93M $231.6M
Net Change In Cash $104.9M $260.4M
YoY Change -59.73% 2477.77%
FREE CASH FLOW
Cash From Operating Activities $66.18M $105.4M
Capital Expenditures $54.66M $78.43M
Free Cash Flow $11.52M $27.01M
YoY Change -57.37% -28.43%

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CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6130450000 USD
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
311819000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1993554000 USD
CY2016Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2012730000 USD
CY2015Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
48566000 USD
CY2016Q1 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
48976000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1064000 USD
CY2016Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
101064000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1725410000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1744433000 USD
CY2015Q4 us-gaap Long Term Investments
LongTermInvestments
140743000 USD
CY2016Q1 us-gaap Long Term Investments
LongTermInvestments
136572000 USD
CY2016Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
36000000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
4364000 USD
CY2015Q1 us-gaap Minority Interest
MinorityInterest
4278000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
4160000 USD
CY2016Q1 us-gaap Minority Interest
MinorityInterest
3961000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
231578000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
91926000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76591000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53221000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105445000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66176000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
23430000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
25729000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-86000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-199000 USD
CY2015Q4 us-gaap Notes Payable Current
NotesPayableCurrent
20000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1095000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
925000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
237138000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
42904000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
43818000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
288000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
74000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40216000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40860000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
46000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
42000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-667000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-564000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
428000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
361000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1049000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-883000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
667000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
564000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-428000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-361000 USD
CY2015Q1 us-gaap Other General Expense
OtherGeneralExpense
3876000 USD
CY2016Q1 us-gaap Other General Expense
OtherGeneralExpense
3696000 USD
CY2015Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
56924000 USD
CY2016Q1 us-gaap Other Inventory Supplies
OtherInventorySupplies
59410000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16270000 USD
CY2016Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18340000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
45867000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
44915000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
494000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1923000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1961000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2204000 USD
CY2015Q4 us-gaap Other Receivables
OtherReceivables
8642000 USD
CY2016Q1 us-gaap Other Receivables
OtherReceivables
7799000 USD
CY2015Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
621000 USD
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
390000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1008000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1020000 USD
CY2015Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
-50000 USD
CY2016Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
0 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3222000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3084000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24054000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26087000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78431000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54659000 USD
CY2015Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1632000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1654000 USD
CY2015Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
7618000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
7425000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
394030000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
401161000 USD
CY2015Q4 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
7090000 USD
CY2016Q1 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
7090000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17979000 USD
CY2016Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14719000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
120000000 USD
CY2015Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2182000 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1139000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
12100000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
3300000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
782000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
418000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
23344000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
25530000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3992413000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4009708000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
16855000 USD
CY2016Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
16468000 USD
CY2015Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
5187000 USD
CY2016Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
4985000 USD
CY2015Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
5187000 USD
CY2016Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
4985000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1913927000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1937201000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
396931000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
410219000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3571537000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3575931000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5485464000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5513132000 USD
CY2016Q2 us-gaap Public Utilities Requested Rate Increase Decrease Amount
PublicUtilitiesRequestedRateIncreaseDecreaseAmount
17300000 USD
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-667000 USD
CY2016Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-564000 USD
CY2015Q1 us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
17269000 USD
CY2016Q1 us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
18035000 USD
CY2015Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
65805000 USD
CY2015Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
49215000 USD
CY2016Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
83921000 USD
CY2015Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1305210000 USD
CY2016Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1271750000 USD
CY2015Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
2217000 USD
CY2016Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
2781000 USD
CY2015Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
416282000 USD
CY2016Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
423003000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1064000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1064000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1132237000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1131969000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1230105000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1229887000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
279395000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
280956000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
20000000 USD
CY2016Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
23300000 USD
CY2015Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0088
CY2016Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0081
CY2015Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
3497000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
3112000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
1954185000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2057884000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
2057507000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1958463000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2062044000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2061468000 USD
CY2015Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
310000 USD
CY2016Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-985000 USD
CY2015Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
8520000 USD
CY2016Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
8738000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
10762000 USD
CY2016Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
17754000 USD
CY2015Q4 us-gaap Trading Securities
TradingSecurities
102000 USD
CY2016Q1 us-gaap Trading Securities
TradingSecurities
94000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
11221 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
4590 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
280000 USD
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
5000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
57000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
29000 USD
CY2015Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3222000 USD
CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3084000 USD
CY2015Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
83515000 USD
CY2016Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
85603000 USD
CY2015Q1 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
42965000 USD
CY2016Q1 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
48115000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50260000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50337000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50220000 shares
CY2016Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
53591000 USD
CY2015Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
232615000 USD
CY2016Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
233442000 USD
CY2015Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
34043000 USD
CY2016Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
35617000 USD
CY2015Q1 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
31476000 USD
CY2016Q1 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
35764000 USD
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50299000 shares
CY2016Q1 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management of IDACORP and Idaho Power, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly each company's consolidated financial position as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, consolidated results of operations for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, and consolidated cash flows for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">.&#160; These adjustments are of a normal and recurring nature.&#160; These financial statements do not contain the complete detail or footnote disclosure concerning accounting policies and other matters that would be included in full-year financial statements and should be read in conjunction with the audited consolidated financial statements included in IDACORP&#8217;s and Idaho Power&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">.&#160; The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. A change in management's estimates or assumptions could have a material impact on IDACORP's or Idaho Power's respective financial condition and results of operations during the period in which such change occurred.</font></div></div>
CY2016Q1 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Idaho Power is exposed to market risk relating to electricity, natural gas, and other fuel commodity prices, all of which are heavily influenced by supply and demand.&#160; Market risk may be influenced by market participants&#8217; nonperformance of their contractual obligations and commitments, which affects the supply of or demand for the commodity.&#160; Idaho Power uses derivative instruments, such as physical and financial forward contracts, for both electricity and fuel to manage the risks relating to these commodity price exposures.&#160; The primary objectives of Idaho Power&#8217;s energy purchase and sale activity are to meet the demand of retail electric customers, maintain appropriate physical reserves to ensure reliability, and make economic use of temporary surpluses that may develop.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of Idaho Power's derivative instruments have been entered into for the purpose of economically hedging forecasted purchases and sales, though none of these instruments have been designated as cash flow hedges. Idaho Power offsets fair value amounts recognized on its balance sheet and applies collateral related to derivative instruments executed with the same counterparty under the same master netting agreement. Idaho Power does not offset a counterparty's current derivative contracts with the counterparty's long-term derivative contracts, although Idaho Power's master netting arrangements would allow current and long-term positions to be offset in the event of default. Also, in the event of default, Idaho Power's master netting arrangements would allow for the offsetting of all transactions executed under the master netting arrangement. These types of transactions may include non-derivative instruments, derivatives qualifying for scope exceptions, receivables and payables arising from settled positions, and other forms of non-cash collateral (such as letters of credit). These types of transactions are excluded from the offsetting presented in the derivative fair value and offsetting table that follows.</font></div></div>
CY2016Q1 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Settlement gains and losses on electricity swap contracts are recorded on the income statement in off-system sales or purchased power depending on the forecasted position being economically hedged by the derivative contract.&#160; Settlement gains and losses on contracts for natural gas are reflected in fuel expense.&#160; Settlement gains and losses on diesel derivatives are recorded in other operations and maintenance expense.</font></div></div>
CY2016Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONTINGENCIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP and Idaho Power have in the past and expect in the future to become involved in various claims, controversies, disputes, and other contingent matters, including the items described in this Note 9. Some of these claims, controversies, disputes, and other contingent matters involve litigation and regulatory or other contested proceedings. The ultimate resolution and outcome of litigation and regulatory proceedings is inherently difficult to determine, particularly where (a) the remedies or penalties sought are indeterminate, (b) the proceedings are in the early stages or the substantive issues have not been well developed, or (c) the matters involve complex or novel legal theories or a large number of parties. In accordance with applicable accounting guidance, IDACORP and Idaho Power, as applicable, establish an accrual for legal proceedings when those matters proceed to a stage where they present loss contingencies that are both probable and reasonably estimable. In such cases, there may be a possible exposure to loss in excess of any amounts accrued. IDACORP and Idaho Power monitor those matters for developments that could affect the likelihood of a loss and the accrued amount, if any, and adjust the amount as appropriate. If the loss contingency at issue is not both probable and reasonably estimable, IDACORP and Idaho Power do not establish an accrual and the matter will continue to be monitored for any developments that would make the loss contingency both probable and reasonably estimable. As of the date of this report, IDACORP's and Idaho Power's accruals for loss contingencies are not material to their financial statements as a whole; however, future accruals could be material in a given period. IDACORP's and Idaho Power's determination is based on currently available information, and estimates presented in financial statements and other financial disclosures involve significant judgment and may be subject to significant uncertainty. For matters that affect Idaho Power&#8217;s operations, Idaho Power intends to seek, to the extent permissible and appropriate, recovery through the ratemaking process of costs incurred.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Western Energy Proceedings </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">High prices for electricity, energy shortages, and blackouts in California and in the western wholesale markets during 2000 and 2001 caused numerous purchasers of electricity in those markets to initiate proceedings to consider requiring refunds and other forms of disgorgement from energy sellers. Some of these proceedings remain pending before the FERC or are on appeal to the United States Court of Appeals for the Ninth Circuit, and thus there remains some uncertainty about the ultimate outcome of the proceedings. Idaho Power and IESCo (as successor to IDACORP Energy L.P.) believe that the current state of the FERC's orders, if maintained, and the settlement releases they have obtained, will restrict potential claims that might result from the pending proceedings. As a result, IDACORP and Idaho Power predict that these matters will not have a material adverse effect on their respective results of operations or financial condition. However, if unanticipated orders are issued by the FERC or by the Ninth Circuit Court of Appeals or other courts, exposure to indirect claims in the proceedings could exist. These indirect claims would consist of so-called "ripple claims," which involve potential claims for refunds in the Pacific Northwest markets from an upstream seller of power based on a finding that its downstream buyer was liable for refunds as a seller of power during the relevant period. Given the speculative nature of ripple claims and in light of Idaho Power's and IESCo's participation in the market as both buyers and sellers of energy, Idaho Power and IESCo are unable to estimate the possible loss or range of loss that could result from the proceedings and have </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> amount accrued relating to the proceedings. To the extent the availability of any ripple claims materializes, Idaho Power and IESCo will continue to vigorously defend their positions in the proceedings.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Hoku Corporation Bankruptcy Claims </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 26, 2015, the trustee in the Hoku Corporation chapter 7 bankruptcy case (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">In Re: Hoku Corporation</font><font style="font-family:inherit;font-size:10pt;">, United States Bankruptcy Court, District of Idaho, Case No. 13-40838 JDP) filed a complaint against Idaho Power, alleging that specified payments made by Hoku Corporation to Idaho Power in the six years prior to Hoku Corporation's bankruptcy filing in July 2013 should be recoverable by the trustee as constructive fraudulent transfers. Hoku Corporation was the parent entity of Hoku Materials, Inc., with which Idaho Power had an electric service agreement approved by the IPUC in March 2009. Under the electric service agreement, Idaho Power agreed to provide electric service to a polysilicon production facility under construction by Hoku Materials in the state of Idaho. Idaho Power also had agreements with Hoku Materials pertaining to the design and construction of apparatus for the provision of electric service to the polysilicon plant. The trustee's complaint against Idaho Power includes alternative causes of action for constructive fraudulent transfer under the federal bankruptcy code, Idaho law, and federal law, with requests for recovery from Idaho Power in amounts up to approximately </font><font style="font-family:inherit;font-size:10pt;">$36 million</font><font style="font-family:inherit;font-size:10pt;">. The complaint alleges that the payments made by Hoku Corporation to Idaho Power are subject to recovery by the trustee on the basis that Hoku Corporation was insolvent at the time of the payments and did not have any legal or equitable title in the polysilicon plant or liability for Hoku Materials' debts, and thus did not receive reasonably equivalent value for the payments it made for or on behalf of Hoku Materials. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of the date of this report, the proceedings are in preliminary stages and it is not possible to determine Idaho Power's potential liability, if any, or to reasonably estimate a possible loss or range of possible loss, if any, within the trustee's alternative prayers for relief. Idaho Power intends to vigorously defend against the claims. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Proceedings</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP and Idaho Power are parties to legal claims and legal and regulatory actions and proceedings in the ordinary course of business that are in addition to those discussed above and, as noted above, record an accrual for associated loss contingencies when they are probable and reasonably estimable. As of the date of this report the companies believe that resolution of those matters will not have a material adverse effect on their respective consolidated financial statements. Idaho Power is also actively monitoring various pending environmental regulations that may have a significant impact on its future operations. Given uncertainties regarding the outcome, timing, and compliance plans for these environmental matters, Idaho Power is unable to estimate the financial impact of these regulations. However, Idaho Power does believe that future capital investment for infrastructure and modifications to its electric generating facilities could be significant to comply with these regulations.</font></div></div>
CY2016Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP is a holding company formed in 1998 whose principal operating subsidiary is Idaho Power.&#160; Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity with a service area covering approximately 24,000 square miles in southern Idaho and eastern Oregon.&#160; Idaho Power is regulated primarily by the state utility regulatory commissions of Idaho and Oregon and the Federal Energy Regulatory Commission (FERC).&#160; Idaho Power is the parent of Idaho Energy Resources Co. (IERCo), a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power.</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP&#8217;s other wholly-owned subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate investments; Ida-West Energy Company (Ida-West), an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978 (PURPA); and IDACORP Energy Services Co. (IESCo), which is the former limited partner of, and current successor by merger to, IDACORP Energy L.P. (IE), a marketer of energy commodities that wound down operations in 2003.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
CY2016Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management makes estimates and assumptions when preparing financial statements in conformity with generally accepted accounting principles.&#160; These estimates and assumptions include those related to rate regulation, retirement benefits, contingencies, litigation, asset impairment, income taxes, unbilled revenues, and bad debt.&#160; These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.&#160; These estimates involve judgments with respect to, among other things, future economic factors that are difficult to predict and are beyond management's control.&#160; Accordingly, actual results could differ from those estimates.</font></div></div>

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