EMPIRE DISTRICT ELECTRIC CO (EDE) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest on borrowings	43.8	40.6	40.4	40.2	42.6	42.0		36.0
Total interest expense	87.4	80.0	80.9	82.2	82.8	79.1	85.6	36.0
Net interest income	87.4	80.0	80.9	82.2	82.8	79.1	85.6	36.0
Pre-tax income	91.4	106.5	100.9	89.8	123.3	108.4	80.7	58.9
Income taxes	34.8	39.4	37.5	34.1	68.4	61.0	39.5	19.1
Tax rate	38.1%	37.0%	37.1%	38.0%	55.4%	56.3%	48.9%	32.5%
Net income	56.6	67.1	63.4	55.7	55.0	47.4	41.3	39.7
Net margin	41.1%	48.0%	45.7%	43.3%	40.6%	34.9%	27.9%	7.7%

Basic EPS	$1.30	$1.55	$1.48	$1.32	$1.31	$1.17	$1.18	$1.17
Diluted EPS	$1.29	$1.55	$1.48	$1.32	$1.31	$1.17	$1.18	$1.17

Shares outstanding (basic)	43.7	43.3	42.8	42.3	41.9	40.5	34.9	33.8
Shares outstanding (diluted)	43.7	43.3	42.8	42.3	41.9	40.6	35.0	33.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.