$OTTR
Otter Tail Corp

2021 Q1 Form 10-Q Financial Statement

#000146659321000039 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $261.7M $234.7M
YoY Change 11.49% -4.56%
Cost Of Revenue $121.2M $104.7M
YoY Change 15.76% -6.93%
Gross Profit $140.5M $130.0M
YoY Change 8.08% -2.62%
Gross Profit Margin 53.69% 55.38%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.13M $20.40M
YoY Change 8.47% 6.63%
% of Gross Profit 15.75% 15.69%
Operating Expenses $96.30M $90.80M
YoY Change 6.06% -3.3%
Operating Profit $44.20M $39.29M
YoY Change 12.5% -0.71%
Interest Expense -$9.400M -$8.100M
YoY Change 16.05% 3.85%
% of Operating Profit -21.27% -20.62%
Other Income/Expense, Net $1.160M -$389.0K
YoY Change -398.2% -131.27%
Pretax Income $35.58M $29.91M
YoY Change 18.97% -6.4%
Income Tax $5.249M $5.638M
% Of Pretax Income 14.75% 18.85%
Net Earnings $30.33M $24.27M
YoY Change 24.98% -7.81%
Net Earnings / Revenue 11.59% 10.34%
Basic Earnings Per Share $0.73 $0.60
Diluted Earnings Per Share $0.73 $0.60
COMMON SHARES
Basic Shares Outstanding 41.46M shares 40.22M shares
Diluted Shares Outstanding 41.70M shares 40.44M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.200M $7.900M
YoY Change -84.81% 777.78%
Cash & Equivalents $1.212M $7.884M
Short-Term Investments
Other Short-Term Assets $9.516M $7.347M
YoY Change 29.52% -26.43%
Inventory $92.43M $98.15M
Prepaid Expenses
Receivables $109.1M $96.16M
Other Receivables $7.000M $7.228M
Total Short-Term Assets $259.0M $256.2M
YoY Change 1.08% -6.4%
LONG-TERM ASSETS
Property, Plant & Equipment $2.061B $1.789B
YoY Change 15.17% 13.32%
Goodwill $37.57M $37.57M
YoY Change 0.0% 0.0%
Intangibles $9.869M $10.99M
YoY Change -10.22% -9.55%
Long-Term Investments $54.40M $9.500M
YoY Change 472.63% 3.26%
Other Assets $29.34M $38.25M
YoY Change -23.29% -1.04%
Total Long-Term Assets $2.360B $2.050B
YoY Change 15.11% 11.96%
TOTAL ASSETS
Total Short-Term Assets $259.0M $256.2M
Total Long-Term Assets $2.360B $2.050B
Total Assets $2.619B $2.306B
YoY Change 13.55% 9.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.1M $99.50M
YoY Change 13.64% -0.99%
Accrued Expenses $17.60M $28.00M
YoY Change -37.14% 1.45%
Deferred Revenue
YoY Change
Short-Term Debt $134.9M $19.89M
YoY Change 577.88% -54.37%
Long-Term Debt Due $139.9M $306.0K
YoY Change 45632.35% 75.86%
Total Short-Term Liabilities $459.4M $175.7M
YoY Change 161.5% -12.47%
LONG-TERM LIABILITIES
Long-Term Debt $624.5M $724.3M
YoY Change -13.78% 22.76%
Other Long-Term Liabilities $63.58M $30.91M
YoY Change 105.67% 17.3%
Total Long-Term Liabilities $646.8M $755.2M
YoY Change -14.36% 22.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $459.4M $175.7M
Total Long-Term Liabilities $646.8M $755.2M
Total Liabilities $1.106B $930.9M
YoY Change 18.83% 13.93%
SHAREHOLDERS EQUITY
Retained Earnings $272.0M $231.7M
YoY Change 17.39% 13.79%
Common Stock $624.3M $574.6M
YoY Change 8.65% 6.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $887.9M $800.0M
YoY Change
Total Liabilities & Shareholders Equity $2.619B $2.306B
YoY Change 13.55% 9.57%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $30.33M $24.27M
YoY Change 24.98% -7.81%
Depreciation, Depletion And Amortization $22.13M $20.40M
YoY Change 8.47% 6.63%
Cash From Operating Activities $15.27M $21.78M
YoY Change -29.88% 26.98%
INVESTING ACTIVITIES
Capital Expenditures -$50.10M -$75.10M
YoY Change -33.29% 204.05%
Acquisitions
YoY Change
Other Investing Activities $1.100M $0.00
YoY Change -100.0%
Cash From Investing Activities -$49.02M -$75.06M
YoY Change -34.69% 195.09%
FINANCING ACTIVITIES
Cash Dividend Paid $16.21M $14.91M
YoY Change 8.73% 7.08%
Common Stock Issuance & Retirement, Net $1.507M -$6.327M
YoY Change -123.82% -331.76%
Debt Paid & Issued, Net $169.0K $45.00K
YoY Change 275.56% 7.14%
Cash From Financing Activities $33.80M $39.97M
YoY Change -15.43% 380.6%
NET CHANGE
Cash From Operating Activities $15.27M $21.78M
Cash From Investing Activities -$49.02M -$75.06M
Cash From Financing Activities $33.80M $39.97M
Net Change In Cash $49.00K -$13.32M
YoY Change -100.37% -44483.33%
FREE CASH FLOW
Cash From Operating Activities $15.27M $21.78M
Capital Expenditures -$50.10M -$75.10M
Free Cash Flow $65.37M $96.88M
YoY Change -32.52% 131.49%

Facts In Submission

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CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
24268000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
203000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2770000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14907000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
800019000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
30329000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
24268000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22126000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20399000 USD
CY2021Q1 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-186000 USD
CY2020Q1 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-329000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5697000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5812000 USD
CY2021Q1 ottr Increase Decrease In Deferred Charges And Other Assets
IncreaseDecreaseInDeferredChargesAndOtherAssets
543000 USD
CY2020Q1 ottr Increase Decrease In Deferred Charges And Other Assets
IncreaseDecreaseInDeferredChargesAndOtherAssets
5087000 USD
CY2021Q1 us-gaap Pension Contributions
PensionContributions
10000000 USD
CY2020Q1 us-gaap Pension Contributions
PensionContributions
11200000 USD
CY2021Q1 ottr Increase Decrease In Other Operating Liabilities And Increase Decrease In Deferred Liabilities
IncreaseDecreaseInOtherOperatingLiabilitiesAndIncreaseDecreaseInDeferredLiabilities
1804000 USD
CY2020Q1 ottr Increase Decrease In Other Operating Liabilities And Increase Decrease In Deferred Liabilities
IncreaseDecreaseInOtherOperatingLiabilitiesAndIncreaseDecreaseInDeferredLiabilities
-860000 USD
CY2021Q1 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
45000 USD
CY2020Q1 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
791000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4197000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2770000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1569000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-46000 USD
CY2021Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
20431000 USD
CY2020Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
16666000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
261000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
301000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3871000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
447000 USD
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
50076000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6930000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7690000 USD
CY2021Q1 ottr Increase Decrease In Interest Payable And Income Taxes Receivable Payable Net
IncreaseDecreaseInInterestPayableAndIncomeTaxesReceivablePayableNet
-2525000 USD
CY2020Q1 ottr Increase Decrease In Interest Payable And Income Taxes Receivable Payable Net
IncreaseDecreaseInInterestPayableAndIncomeTaxesReceivablePayableNet
-41000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15270000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21777000 USD
CY2020Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
75059000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3244000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2487000 USD
CY2021Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
2188000 USD
CY2020Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
2487000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49020000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75059000 USD
CY2021Q1 ottr Change In Checks Written In Excess Of Cash
ChangeInChecksWrittenInExcessOfCash
2144000 USD
CY2020Q1 ottr Change In Checks Written In Excess Of Cash
ChangeInChecksWrittenInExcessOfCash
0 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
53854000 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
13893000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8399000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
25000 USD
CY2020Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
124000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1507000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2072000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
35000000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2000 USD
CY2020Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
177000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
169000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
45000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
16208000 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
14907000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33799000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39967000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
49000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13315000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1163000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21199000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1212000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7884000 USD
CY2021Q1 ottr Accounts Payable Outstanding Related To Capital Additions
AccountsPayableOutstandingRelatedToCapitalAdditions
18962000 USD
CY2020Q1 ottr Accounts Payable Outstanding Related To Capital Additions
AccountsPayableOutstandingRelatedToCapitalAdditions
16193000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We use estimates based on the best information available in recording transactions and balances resulting from business operations. As better information becomes available (or actual amounts are known), the recorded estimates are revised. Consequently, operating results can be affected by revisions to prior accounting estimates.</span></div>
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q1 us-gaap Revenues
Revenues
261710000 USD
CY2020Q1 us-gaap Revenues
Revenues
234747000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
30329000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
24268000 USD
CY2021Q1 us-gaap Assets
Assets
2618540000 USD
CY2020Q4 us-gaap Assets
Assets
2578354000 USD
CY2021Q1 us-gaap Revenues
Revenues
261710000 USD
CY2020Q1 us-gaap Revenues
Revenues
234747000 USD
CY2021Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
112060000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
87048000 USD
CY2021Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
6982000 USD
CY2020Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
8939000 USD
CY2021Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
18331000 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
21187000 USD
CY2021Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
137373000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
117174000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2983000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3215000 USD
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
134390000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
113959000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1339000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3215000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
211000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
635000 USD
CY2021Q1 ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
443000 USD
CY2020Q1 ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
293000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2983000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1681000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
20567000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22046000 USD
CY2021Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
19324000 USD
CY2021Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
12517000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9260000 USD
CY2021Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1862000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
16210000 USD
CY2021Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
52535000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
53909000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
92426000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
92165000 USD
CY2021Q1 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
38205000 USD
CY2020Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
36825000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9209000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
4075000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5141000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1662000 USD
CY2021Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
234986000 USD
CY2020Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
16663000 USD
CY2020Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
233973000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
340000000 USD
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
340000000 USD
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
134851000 USD
CY2021Q1 us-gaap Other Investments
OtherInvestments
29000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
34000 USD
CY2021Q1 us-gaap Investments
Investments
54446000 USD
CY2020Q4 us-gaap Investments
Investments
51856000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2060792000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2049273000 USD
CY2021Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
21419000 USD
CY2021Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
167556000 USD
CY2020Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
21900000 USD
CY2020Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
168395000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12671000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
192478000 USD
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
244902000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
767000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
767169000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
139941000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
140087000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2574000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2650000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
624485000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
624432000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2021Q1 ottr Effective Income Tax Rate Reconciliation Tax Credit Production Percent
EffectiveIncomeTaxRateReconciliationTaxCreditProductionPercent
0.076
CY2020Q1 ottr Effective Income Tax Rate Reconciliation Tax Credit Production Percent
EffectiveIncomeTaxRateReconciliationTaxCreditProductionPercent
0
CY2021Q1 ottr Effective Income Tax Rate Reconciliation Amortization Of Excess Deferred Taxes
EffectiveIncomeTaxRateReconciliationAmortizationOfExcessDeferredTaxes
-0.029
CY2020Q1 ottr Effective Income Tax Rate Reconciliation Amortization Of Excess Deferred Taxes
EffectiveIncomeTaxRateReconciliationAmortizationOfExcessDeferredTaxes
-0.041
CY2021Q1 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
-0.005
CY2020Q1 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
0.007
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.004
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.009
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.001
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.013
CY2021Q1 ottr Effective Income Tax Rate Reconciliation Allowance For Equity Funds Used During Construction Percent
EffectiveIncomeTaxRateReconciliationAllowanceForEquityFundsUsedDuringConstructionPercent
0
CY2020Q1 ottr Effective Income Tax Rate Reconciliation Allowance For Equity Funds Used During Construction Percent
EffectiveIncomeTaxRateReconciliationAllowanceForEquityFundsUsedDuringConstructionPercent
-0.010
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4200000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2800000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41455000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40217000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
245000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
227000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41700000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40444000 shares

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