VECTREN CORP (VVC) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
OPERATING REVENUES
Gas utility	813	772	793
Electric utility	570	606	602	625	619	595	636	608
Nonutility	1,275	1,071	1,041	1,042	1,062	900	870	567
Total operating revenues	2,657	2,448	2,435	2,612	2,491	2,233	2,325	2,130
Total operating revenues growth	8.5%	0.6%	-6.8%	4.8%	11.6%	-4.0%	9.2%	1.9%
OPERATING EXPENSES
Cost of gas sold	272	267	305	469	358	301	375	505
Cost of fuel & purchased power	172	184	188
Cost of nonutility revenues	444	363	355	346	367	295	385	243
Other operating	1,116	932	909
Depreciation & amortization	276	260	256	273	278	255	244	229
Taxes other than income taxes	59	61	60	64	61	56	58	62
Total operating expenses	2,339	2,067	2,073	2,297	2,158	1,880	1,955	1,813
OPERATING INCOME	318	382	362	315	334	353	370	317
Operating margin	12.0%	15.6%	14.9%	12.0%	13.4%	15.8%	15.9%	14.9%

OTHER INCOME
Equity in (losses) of unconsolidated affiliates	-1	0	-1	-1	60	23	32	9
Other income – net	77	29	20	20	18	8	-4	5
Total other income	109	57	40	20	-42	-15	-36	1
INTEREST EXPENSE	-87.7	-85.5	-84.5	-86.7	-87.9	-96.0	-106.5	-104.6
INCOME BEFORE INCOME TAXES	262	325	297	248	204	242	228	208
INCOME TAXES	46	113	100	81	67	83	86	75
NET INCOME AND COMPREHENSIVE INCOME	216	212	197	167	137	159	142	134

WEIGHTED AVERAGE AND DILUTED COMMON SHARES OUTSTANDING (in shares)	83	83	83	83	82	82	82	81

BASIC AND DILUTED EARNINGS PER SHARE OF COMMON STOCK (in dollars per share)	$2.60	$2.55	$2.39	$2.02	$1.66	$1.94	$1.73	$1.65

DIVIDENDS DECLARED PER SHARE OF COMMON STOCK (in dollars per share)	$1.71	$1.62	$1.54	$1.46	$1.43	$1.41	$1.39	$1.37