2022 Q3 Form 10-Q Financial Statement

#000146659322000051 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $383.9M $400.0M $374.9M
YoY Change 21.36% 40.07% 43.25%
Cost Of Revenue $199.1M $176.6M $172.3M
YoY Change 38.16% 32.09% 42.15%
Gross Profit $184.8M $223.4M $202.6M
YoY Change 7.3% 47.08% 44.21%
Gross Profit Margin 48.14% 55.85% 54.04%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.72M $23.57M $23.55M
YoY Change -0.43% 1.71% 6.43%
% of Gross Profit 12.29% 10.55% 11.62%
Operating Expenses $68.65M $102.3M $104.3M
YoY Change -29.72% 11.16% 8.33%
Operating Profit $116.1M $121.1M $98.30M
YoY Change 55.82% 102.38% 122.4%
Interest Expense -$9.259M -$8.991M -$8.948M
YoY Change -4.03% -5.9% -4.81%
% of Operating Profit -7.97% -7.43% -9.1%
Other Income/Expense, Net -$174.0K -$889.0K $260.0K
YoY Change -185.71% -221.12% -77.59%
Pretax Income $106.8M $111.9M $89.63M
YoY Change 65.31% 122.2% 151.93%
Income Tax $22.51M $26.00M $17.63M
% Of Pretax Income 21.09% 23.23% 19.67%
Net Earnings $84.24M $85.94M $72.00M
YoY Change 59.68% 104.28% 137.41%
Net Earnings / Revenue 21.95% 21.48% 19.21%
Basic Earnings Per Share $2.02 $2.07 $1.73
Diluted Earnings Per Share $2.01 $2.05 $1.72
COMMON SHARES
Basic Shares Outstanding 41.63M shares 41.60M shares 41.55M shares
Diluted Shares Outstanding 41.97M shares 41.94M shares 41.87M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.99M $61.99M $1.371M
YoY Change 5637.97% 4088.45% 14.25%
Cash & Equivalents $72.99M $61.99M $1.371M
Short-Term Investments
Other Short-Term Assets $17.41M $15.92M $14.50M
YoY Change -2.2% 16.03% 52.34%
Inventory $146.4M $147.0M $145.9M
Prepaid Expenses
Receivables $193.8M $198.9M $190.5M
Other Receivables $0.00 $7.143M $8.139M
Total Short-Term Assets $460.5M $471.4M $402.4M
YoY Change 37.47% 54.6% 55.39%
LONG-TERM ASSETS
Property, Plant & Equipment $2.187B $2.150B $2.128B
YoY Change 4.96% 3.71% 3.28%
Goodwill $37.57M $37.57M $37.57M
YoY Change 0.0% 0.0% 0.0%
Intangibles $8.218M $8.493M $8.768M
YoY Change -11.81% -11.48% -11.16%
Long-Term Investments $52.97M $53.56M $57.89M
YoY Change -4.49% -4.04% 6.42%
Other Assets $35.42M $32.62M $32.36M
YoY Change 3.88% 6.3% 10.29%
Total Long-Term Assets $2.437B $2.404B $2.389B
YoY Change 2.49% 1.58% 1.26%
TOTAL ASSETS
Total Short-Term Assets $460.5M $471.4M $402.4M
Total Long-Term Assets $2.437B $2.404B $2.389B
Total Assets $2.898B $2.876B $2.792B
YoY Change 6.81% 7.63% 6.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $122.0M $133.3M $119.0M
YoY Change -9.92% 1.58% 5.26%
Accrued Expenses $73.11M $24.80M $19.85M
YoY Change 156.93% 4.32% 12.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $97.77M
YoY Change -100.0% -100.0% -27.5%
Long-Term Debt Due $0.00 $30.00M $29.99M
YoY Change -100.0% -78.57% -78.57%
Total Short-Term Liabilities $241.9M $288.2M $373.2M
YoY Change -52.59% -40.4% -18.78%
LONG-TERM LIABILITIES
Long-Term Debt $823.8M $823.7M $734.1M
YoY Change 38.54% 31.89% 17.55%
Other Long-Term Liabilities $60.94M $62.99M $63.50M
YoY Change -2.25% 1.34% -0.13%
Total Long-Term Liabilities $648.3M $647.1M $637.4M
YoY Change -1.17% -0.21% -1.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $241.9M $288.2M $373.2M
Total Long-Term Liabilities $648.3M $647.1M $637.4M
Total Liabilities $890.1M $935.3M $1.011B
YoY Change -23.66% -17.37% -8.65%
SHAREHOLDERS EQUITY
Retained Earnings $560.4M $493.4M $424.6M
YoY Change 67.59% 65.64% 56.11%
Common Stock $630.6M $630.1M $629.5M
YoY Change 0.69% 0.73% 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.184B $1.117B $1.047B
YoY Change
Total Liabilities & Shareholders Equity $2.898B $2.876B $2.792B
YoY Change 6.81% 7.63% 6.61%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $84.24M $85.94M $72.00M
YoY Change 59.68% 104.28% 137.41%
Depreciation, Depletion And Amortization $22.72M $23.57M $23.55M
YoY Change -0.43% 1.71% 6.43%
Cash From Operating Activities $112.3M $130.2M $45.42M
YoY Change 30.36% 144.42% 197.42%
INVESTING ACTIVITIES
Capital Expenditures -$52.44M -$42.08M -$28.71M
YoY Change 29.72% 57.07% -42.69%
Acquisitions
YoY Change
Other Investing Activities -$1.225M -$365.0K -$2.739M
YoY Change 371.15% -40.36% -349.0%
Cash From Investing Activities -$53.66M -$42.45M -$31.45M
YoY Change 31.91% 54.9% -35.84%
FINANCING ACTIVITIES
Cash Dividend Paid $17.18M
YoY Change 6.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -47.68M -27.15M -$14.13M
YoY Change 4.33% 5.83% -141.81%
NET CHANGE
Cash From Operating Activities 112.3M 130.2M $45.42M
Cash From Investing Activities -53.66M -42.45M -$31.45M
Cash From Financing Activities -47.68M -27.15M -$14.13M
Net Change In Cash 11.00M 60.62M -$166.0K
YoY Change -5387.5% 27834.56% -438.78%
FREE CASH FLOW
Cash From Operating Activities $112.3M $130.2M $45.42M
Capital Expenditures -$52.44M -$42.08M -$28.71M
Free Cash Flow $164.8M $172.3M $74.13M
YoY Change 30.16% 115.19% 13.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001466593
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-53713
dei Entity Registrant Name
EntityRegistrantName
OTTER TAIL CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MN
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-0383995
dei Entity Address Address Line1
EntityAddressAddressLine1
215 South Cascade Street
dei Entity Address Address Line2
EntityAddressAddressLine2
Box 496
dei Entity Address City Or Town
EntityAddressCityOrTown
Fergus Falls
dei Entity Address State Or Province
EntityAddressStateOrProvince
MN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
56538-0496
dei City Area Code
CityAreaCode
866
dei Local Phone Number
LocalPhoneNumber
410-8780
dei Security12b Title
Security12bTitle
Common Shares, par value $5.00 per share
dei Trading Symbol
TradingSymbol
OTTR
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41630799 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61989000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1537000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
225838000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
174953000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
146964000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
148490000 usd
CY2022Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
20675000 usd
CY2021Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
27342000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
15923000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
17032000 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
471389000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
369354000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
37572000 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
53555000 usd
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
56690000 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
32618000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
32057000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2149919000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2124605000 usd
CY2022Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
121954000 usd
CY2021Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
125508000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8493000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9044000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
37572000 usd
CY2022Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
2404111000 usd
CY2021Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2385476000 usd
CY2022Q2 us-gaap Assets
Assets
2875500000 usd
CY2021Q4 us-gaap Assets
Assets
2754830000 usd
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
91163000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
29996000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
29983000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
133287000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
135089000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24803000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
31704000 usd
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
22037000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
19245000 usd
CY2022Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
19458000 usd
CY2021Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
24844000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
58572000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
55671000 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
288153000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
387699000 usd
CY2022Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
51783000 usd
CY2021Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
73973000 usd
CY2022Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
66665000 usd
CY2021Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
66481000 usd
CY2022Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
235456000 usd
CY2021Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
234430000 usd
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
213919000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
188268000 usd
CY2022Q2 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
16288000 usd
CY2021Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
16661000 usd
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
62994000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
62527000 usd
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
647105000 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
642340000 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
823699000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
734014000 usd
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41630799 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41551524 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
208154000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
207758000 usd
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
421951000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
419760000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
493351000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
369783000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6913000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6524000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1116543000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
990777000 usd
CY2022Q2 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1940242000 usd
CY2021Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1724791000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2875500000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2754830000 usd
CY2022Q2 us-gaap Revenues
Revenues
400040000 usd
CY2021Q2 us-gaap Revenues
Revenues
285608000 usd
us-gaap Revenues
Revenues
774944000 usd
us-gaap Revenues
Revenues
547318000 usd
CY2022Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
14714000 usd
CY2021Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
12164000 usd
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
29567000 usd
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
26878000 usd
CY2022Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
24162000 usd
CY2021Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
11135000 usd
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
44691000 usd
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
30395000 usd
CY2022Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
42379000 usd
CY2021Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
36729000 usd
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
86659000 usd
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
78150000 usd
CY2022Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
152466000 usd
CY2021Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
122578000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
304225000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
224555000 usd
CY2022Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
17252000 usd
CY2021Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
15669000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
34457000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
29362000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23566000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23169000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
47113000 usd
CY2022Q2 ottr Utilities Operating Expense Property Taxes
UtilitiesOperatingExpensePropertyTaxes
4435000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45295000 usd
CY2021Q2 ottr Utilities Operating Expense Property Taxes
UtilitiesOperatingExpensePropertyTaxes
4342000 usd
ottr Utilities Operating Expense Property Taxes
UtilitiesOperatingExpensePropertyTaxes
8866000 usd
ottr Utilities Operating Expense Property Taxes
UtilitiesOperatingExpensePropertyTaxes
8662000 usd
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
278974000 usd
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
225786000 usd
us-gaap Costs And Expenses
CostsAndExpenses
555578000 usd
us-gaap Costs And Expenses
CostsAndExpenses
443297000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
121066000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
59822000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
219366000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
104021000 usd
CY2022Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
8991000 usd
CY2021Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
9555000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
17939000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13556000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
18953000 usd
CY2022Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-751000 usd
CY2021Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
624000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-772000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
1006000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-889000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
734000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-629000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1892000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
111937000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50377000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
201570000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
85954000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8308000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43630000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
85937000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 usd
us-gaap Net Income Loss
NetIncomeLoss
157940000 usd
us-gaap Net Income Loss
NetIncomeLoss
72398000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41597000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41573000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41478000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41944000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41818000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41907000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41759000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.75
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.77
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
85937000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 usd
us-gaap Net Income Loss
NetIncomeLoss
157940000 usd
us-gaap Net Income Loss
NetIncomeLoss
72398000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-20000 usd
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-10000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-81000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-20000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-74000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-40000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-305000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-75000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-37000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-50000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
216000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
29000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-103000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-106000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-141000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
84000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-291000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
32000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
101000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-389000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
85969000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42170000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
157551000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
72614000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1047138000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
20000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
85937000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
32000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
607000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4125
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17191000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1116543000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
887866000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
19000 usd
CY2021Q2 ottr Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plans
StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlans
-41000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
101000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1327000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16218000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
915123000 usd
ottr Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plans
StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlans
-67000 usd
us-gaap Net Income Loss
NetIncomeLoss
72398000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
990777000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2924000 usd
us-gaap Net Income Loss
NetIncomeLoss
157940000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-389000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5511000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.825
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34372000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1116543000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
870966000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1488000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
216000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5524000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
32426000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
915123000 usd
us-gaap Net Income Loss
NetIncomeLoss
157940000 usd
us-gaap Net Income Loss
NetIncomeLoss
72398000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
47113000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45295000 usd
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-373000 usd
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-372000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
25160000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11327000 usd
us-gaap Pension Contributions
PensionContributions
20000000 usd
us-gaap Pension Contributions
PensionContributions
10000000 usd
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
617000 usd
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
172000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5511000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5524000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4893000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2864000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
50885000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
49465000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2889000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10859000 usd
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
-5604000 usd
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
-5753000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3240000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
12920000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1933000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16905000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3394000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-468000 usd
us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
-3859000 usd
us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
-4811000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
475000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
3303000 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
5944000 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
4074000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-73895000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
169000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
175630000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68574000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
70791000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
76891000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2840000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4562000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76403000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-91163000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
46960000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
90000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
34372000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
32426000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2942000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1507000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2806000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4712000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41283000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8146000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
60452000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
317000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1537000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1163000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61989000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1480000 usd
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11116000 usd
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
24390000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Reclassifications</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%">Certain reclassifications of amounts previously reported have been made to the accompanying consolidated statements of shareholders' equity and consolidated statements of cash flows to maintain consistency and comparability between periods presented. The reclassifications had no impact on previously reported shareholders' equity, net cash provided by operating activities, net cash used in investing activities, net cash (used in) provided by financing activities, or cash and cash equivalents.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 us-gaap Revenues
Revenues
400040000 usd
CY2021Q2 us-gaap Revenues
Revenues
285608000 usd
us-gaap Revenues
Revenues
774944000 usd
us-gaap Revenues
Revenues
547318000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
85937000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 usd
us-gaap Net Income Loss
NetIncomeLoss
157940000 usd
us-gaap Net Income Loss
NetIncomeLoss
72398000 usd
CY2022Q2 us-gaap Assets
Assets
2875500000 usd
CY2021Q4 us-gaap Assets
Assets
2754830000 usd
CY2022Q2 us-gaap Revenues
Revenues
400040000 usd
CY2021Q2 us-gaap Revenues
Revenues
285608000 usd
us-gaap Revenues
Revenues
774944000 usd
us-gaap Revenues
Revenues
547318000 usd
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
200682000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
142297000 usd
CY2022Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
7143000 usd
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
10591000 usd
CY2022Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
19770000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
23901000 usd
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
227595000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
176789000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1757000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1836000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
225838000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
174953000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1836000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3215000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
382000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
284000 usd
ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
461000 usd
ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
773000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1757000 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2726000 usd
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
79735000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
72882000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
34700000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
35705000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
32529000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
39903000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
146964000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
148490000 usd
CY2022Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
37502000 usd
CY2021Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
41078000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
8351000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9202000 usd
CY2022Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
2122000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
949000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5546000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5432000 usd
CY2022Q2 us-gaap Other Investments
OtherInvestments
34000 usd
CY2021Q4 us-gaap Other Investments
OtherInvestments
29000 usd
CY2022Q2 us-gaap Investments
Investments
53555000 usd
CY2021Q4 us-gaap Investments
Investments
56690000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2149919000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2124605000 usd
CY2022Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
20675000 usd
CY2022Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
121954000 usd
CY2021Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
27342000 usd
CY2021Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
125508000 usd
CY2022Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
19458000 usd
CY2022Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
235456000 usd
CY2021Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
24844000 usd
CY2021Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
234430000 usd
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
340000000 usd
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
7844000 usd
CY2022Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
332156000 usd
CY2021Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
235678000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
857000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
767000000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
29996000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
29983000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3305000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3003000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
823699000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
734014000 usd
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1480000 usd
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2843000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2959000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
5684000 usd
CY2022Q2 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
204000 usd
CY2021Q2 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-123000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-324000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-7000 usd
CY2022Q2 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
1276000 usd
CY2021Q2 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
2966000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
3283000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
5691000 usd
CY2022Q2 ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.042
CY2021Q2 ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.063
ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.043
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.068
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.020
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.005
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.024
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.001
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.003
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.002
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.003
CY2022Q2 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
0.009
CY2021Q2 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
-0.010
ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
0.006
ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
-0.008
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.232
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.165
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.158
CY2022Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-75000 usd
CY2021Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-1000 usd
CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-107000 usd
CY2021Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-102000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
32000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
101000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-306000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-32000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
83000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-248000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-389000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
216000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
600000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41597000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41573000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41478000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
347000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
318000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
334000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
281000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41944000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41818000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41907000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41759000 shares

Files In Submission

Name View Source Status
0001466593-22-000051-index-headers.html Edgar Link pending
0001466593-22-000051-index.html Edgar Link pending
0001466593-22-000051.txt Edgar Link pending
0001466593-22-000051-xbrl.zip Edgar Link pending
a2022q210-qex311.htm Edgar Link pending
a2022q210-qex312.htm Edgar Link pending
a2022q210-qex321.htm Edgar Link pending
a2022q210-qex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
ottr-20220630.htm Edgar Link pending
ottr-20220630.xsd Edgar Link pending
ottr-20220630_cal.xml Edgar Link unprocessable
ottr-20220630_def.xml Edgar Link unprocessable
ottr-20220630_htm.xml Edgar Link completed
ottr-20220630_lab.xml Edgar Link unprocessable
ottr-20220630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending