$OTTR
Otter Tail Corp

2022 Q4 Form 10-Q Financial Statement

#000146659322000075 Filed on November 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $301.4M $383.9M
YoY Change -9.55% 21.36%
Cost Of Revenue $135.0M $199.1M
YoY Change -12.73% 38.16%
Gross Profit $166.4M $184.8M
YoY Change -6.79% 7.3%
Gross Profit Margin 55.2% 48.14%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.77M $22.72M
YoY Change -2.07% -0.43%
% of Gross Profit 13.68% 12.29%
Operating Expenses $111.4M $68.65M
YoY Change 3.82% -29.72%
Operating Profit $54.94M $116.1M
YoY Change -22.79% 55.82%
Interest Expense -$8.818M -$9.259M
YoY Change -3.84% -4.03%
% of Operating Profit -16.05% -7.97%
Other Income/Expense, Net $3.090M -$174.0K
YoY Change 930.0% -185.71%
Pretax Income $49.21M $106.8M
YoY Change -20.99% 65.31%
Income Tax $7.208M $22.51M
% Of Pretax Income 14.65% 21.09%
Net Earnings $42.01M $84.24M
YoY Change -18.62% 59.68%
Net Earnings / Revenue 13.94% 21.95%
Basic Earnings Per Share $2.02
Diluted Earnings Per Share $1.00 $2.01
COMMON SHARES
Basic Shares Outstanding 41.63M shares 41.63M shares
Diluted Shares Outstanding 41.97M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.0M $72.99M
YoY Change 7642.09% 5637.97%
Cash & Equivalents $119.0M $72.99M
Short-Term Investments
Other Short-Term Assets $18.41M $17.41M
YoY Change 8.1% -2.2%
Inventory $146.0M $146.4M
Prepaid Expenses
Receivables $110.5M $193.8M
Other Receivables $9.983M $0.00
Total Short-Term Assets $452.8M $460.5M
YoY Change 22.58% 37.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.213B $2.187B
YoY Change 4.15% 4.96%
Goodwill $37.57M $37.57M
YoY Change 0.0% 0.0%
Intangibles $7.943M $8.218M
YoY Change -12.17% -11.81%
Long-Term Investments $54.85M $52.97M
YoY Change -3.25% -4.49%
Other Assets $41.18M $35.42M
YoY Change 28.45% 3.88%
Total Long-Term Assets $2.449B $2.437B
YoY Change 2.66% 2.49%
TOTAL ASSETS
Total Short-Term Assets $452.8M $460.5M
Total Long-Term Assets $2.449B $2.437B
Total Assets $2.902B $2.898B
YoY Change 5.33% 6.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.4M $122.0M
YoY Change -22.72% -9.92%
Accrued Expenses $32.33M $73.11M
YoY Change -63.0% 156.93%
Deferred Revenue
YoY Change
Short-Term Debt $8.204M $0.00
YoY Change -91.0% -100.0%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $237.6M $241.9M
YoY Change -38.71% -52.59%
LONG-TERM LIABILITIES
Long-Term Debt $823.8M $823.8M
YoY Change 12.24% 38.54%
Other Long-Term Liabilities $60.99M $60.94M
YoY Change -2.47% -2.25%
Total Long-Term Liabilities $622.9M $648.3M
YoY Change -3.03% -1.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $237.6M $241.9M
Total Long-Term Liabilities $622.9M $648.3M
Total Liabilities $860.5M $890.1M
YoY Change -16.46% -23.66%
SHAREHOLDERS EQUITY
Retained Earnings $585.2M $560.4M
YoY Change 58.26% 67.59%
Common Stock $631.2M $630.6M
YoY Change 0.59% 0.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.217B $1.184B
YoY Change
Total Liabilities & Shareholders Equity $2.902B $2.898B
YoY Change 5.33% 6.81%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $42.01M $84.24M
YoY Change -18.62% 59.68%
Depreciation, Depletion And Amortization $22.77M $22.72M
YoY Change -2.07% -0.43%
Cash From Operating Activities $101.3M $112.3M
YoY Change 32.48% 30.36%
INVESTING ACTIVITIES
Capital Expenditures $47.91M -$52.44M
YoY Change -187.88% 29.72%
Acquisitions
YoY Change
Other Investing Activities $392.0K -$1.225M
YoY Change 330.77% 371.15%
Cash From Investing Activities -$47.52M -$53.66M
YoY Change -12.7% 31.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.812M -47.68M
YoY Change -64.17% 4.33%
NET CHANGE
Cash From Operating Activities 101.3M 112.3M
Cash From Investing Activities -47.52M -53.66M
Cash From Financing Activities -7.812M -47.68M
Net Change In Cash 46.01M 11.00M
YoY Change 17261.89% -5387.5%
FREE CASH FLOW
Cash From Operating Activities $101.3M $112.3M
Capital Expenditures $47.91M -$52.44M
Free Cash Flow $53.43M $164.8M
YoY Change -59.22% 30.16%

Facts In Submission

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EntityCentralIndexKey
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dei Amendment Flag
AmendmentFlag
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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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
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
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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
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dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
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dei Local Phone Number
LocalPhoneNumber
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dei Security12b Title
Security12bTitle
Common Shares, par value $5.00 per share
dei Trading Symbol
TradingSymbol
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dei Security Exchange Name
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-46000 usd
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-7000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-127000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-27000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-171000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-26000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-476000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-101000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-37000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-51000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2747000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
18845000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-8000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-154000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-106000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-146000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-22000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-437000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-65000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
120000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-454000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
336000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
84174000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52874000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
241725000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
125488000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1116543000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2022Q3 ottr Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plans
StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlans
-132000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
84239000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-65000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
630000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4125
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17192000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1184023000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
915123000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-126000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
52754000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
120000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
830000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16219000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
952482000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
990777000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2924000 usd
ottr Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plans
StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlans
-132000 usd
us-gaap Net Income Loss
NetIncomeLoss
242179000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-454000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6141000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.2375
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
51564000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1184023000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
870966000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1614000 usd
ottr Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plans
StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlans
-67000 usd
us-gaap Net Income Loss
NetIncomeLoss
125152000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
336000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6354000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.17
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
48645000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
952482000 usd
us-gaap Net Income Loss
NetIncomeLoss
242179000 usd
us-gaap Net Income Loss
NetIncomeLoss
125152000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
69829000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
68109000 usd
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-558000 usd
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-558000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
23648000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18835000 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
938000 usd
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
427000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6141000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6354000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5477000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
64800000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3632000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
22450000 usd
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
-170000 usd
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
-5301000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1789000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
18708000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10681000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
30921000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-13970000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
12027000 usd
us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
-1208000 usd
us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
2350000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
1308000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
5393000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
287973000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154752000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
123227000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
117312000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3803000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5819000 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
8132000 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
5591000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-127556000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117084000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-91163000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
16860000 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
30000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
169000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
51564000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
48645000 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
1633000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3298000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3972000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-88967000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-37559000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
71450000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
109000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72987000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1272000 usd
CY2022Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12438000 usd
CY2021Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14358000 usd
us-gaap Net Income Loss
NetIncomeLoss
242179000 usd
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 financing activities, or cash and cash equivalents.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q3 us-gaap Revenues
Revenues
383856000 usd
CY2021Q3 us-gaap Revenues
Revenues
316294000 usd
us-gaap Revenues
Revenues
1158800000 usd
us-gaap Revenues
Revenues
863612000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
84239000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
52754000 usd
us-gaap Net Income Loss
NetIncomeLoss
125152000 usd
CY2022Q3 us-gaap Assets
Assets
2897904000 usd
CY2021Q4 us-gaap Assets
Assets
2754830000 usd
CY2022Q3 us-gaap Revenues
Revenues
383856000 usd
CY2021Q3 us-gaap Revenues
Revenues
316294000 usd
us-gaap Revenues
Revenues
1158800000 usd
us-gaap Revenues
Revenues
863612000 usd
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
167480000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
142297000 usd
CY2022Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
9052000 usd
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
10591000 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
18813000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
23901000 usd
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
195345000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
176789000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1548000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1836000 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
193797000 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
518000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
177000 usd
ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
806000 usd
ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
1060000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1548000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2332000 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
74249000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
72882000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
33765000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
35705000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
38362000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
39903000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
146376000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
148490000 usd
CY2022Q3 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
37288000 usd
CY2021Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
41078000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
8710000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9202000 usd
CY2022Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1854000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
949000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5084000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5432000 usd
CY2022Q3 us-gaap Other Investments
OtherInvestments
30000 usd
CY2021Q4 us-gaap Other Investments
OtherInvestments
29000 usd
CY2022Q3 us-gaap Investments
Investments
52966000 usd
CY2021Q4 us-gaap Investments
Investments
56690000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
734014000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2186643000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2124605000 usd
CY2022Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
29921000 usd
CY2022Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
116593000 usd
CY2021Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
27342000 usd
CY2021Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
125508000 usd
CY2022Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
21114000 usd
CY2022Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
240545000 usd
CY2021Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
24844000 usd
CY2021Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
234430000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
340000000 usd
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
9919000 usd
CY2022Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
330081000 usd
CY2021Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
235678000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
827000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
767000000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
29983000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3240000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3003000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
823760000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1476000 usd
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2840000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4435000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
8524000 usd
CY2022Q3 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-499000 usd
CY2021Q3 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-8000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-823000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Deferred
DefinedBenefitPlanNetPeriodicBenefitCostCreditDeferred
-15000 usd
CY2022Q3 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
1975000 usd
CY2021Q3 ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
2848000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
5258000 usd
ottr Defined Benefit Plan Net Periodic Benefit Cost Credit Net Of Deferrals
DefinedBenefitPlanNetPeriodicBenefitCostCreditNetOfDeferrals
8539000 usd
CY2022Q3 ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.036
CY2021Q3 ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.050
ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.041
ottr Effective Income Tax Rate Reconciliation Deduction Production Tax Credits Percent
EffectiveIncomeTaxRateReconciliationDeductionProductionTaxCreditsPercent
0.060
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q3 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
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2021Q3 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
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.009
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.016
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.007
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.020
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.001
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.002
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.002
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.003
CY2022Q3 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
0.002
CY2021Q3 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
-0.003
ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
0.004
ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurancePercent
-0.006
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.211
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.183
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.169
CY2022Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-172000 usd
CY2021Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-26000 usd
CY2022Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-107000 usd
CY2021Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-146000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-65000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
120000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-477000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-58000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-23000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-394000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-454000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
336000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
600000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6400000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41600000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41504000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41582000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41487000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
374000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
365000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
348000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
308000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41974000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41869000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41930000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41795000 shares
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
5400000 usd
CY2022Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
5500000 usd
CY2022Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
100000 usd
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
6200000 usd

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