IDACORP INC | 2013 | FY | 3

The following IDACORP consolidated financial statement line items as of and for the years ended December 31, 2012 and 2011 were affected by the change in accounting principle (in thousands of dollars, except for per share amounts).

Consolidated Statements of Income
 
 
2012
 
2011
 
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
(Losses) Earnings of Unconsolidated Equity-Method Investments
 
$
(328
)
 
$
11,617

 
$
11,945

 
$
798

 
$
11,864

 
$
11,066

Income Before Income Taxes
 
195,047

 
206,992

 
11,945

 
114,729

 
125,795

 
11,066

Income Tax Expense (Benefit)
 
26,113

 
33,805

 
7,692

 
(52,133
)
 
(44,355
)
 
7,778

Net Income
 
168,934

 
173,187

 
4,253

 
166,862

 
170,150

 
3,288

Net Income Attributable to IDACORP, Inc.
 
168,761

 
173,014

 
4,253

 
166,693

 
169,981

 
3,288

Earnings Per Share of Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Attributable to IDACORP, Inc. - Basic
 
3.38

 
3.47

 
0.09

 
3.37

 
3.44

 
0.07

Earnings Attributable to IDACORP, Inc. - Diluted
 
3.37

 
3.46

 
0.09

 
3.36

 
3.43

 
0.07


Consolidated Statements of Comprehensive Income
 
 
2012
 
2011
 
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
Net Income
 
$
168,934

 
$
173,187

 
$
4,253

 
$
166,862

 
$
170,150

 
$
3,288

Total Comprehensive Income
 
163,440

 
167,693

 
4,253

 
164,808

 
168,096

 
3,288

Comprehensive Income Attributable to IDACORP, Inc.
 
163,267

 
167,520

 
4,253

 
164,639

 
167,927

 
3,288


Consolidated Balance Sheets
 
 
2012
 
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
Investments
 
$
189,020

 
$
160,794

 
$
(28,226
)
Total Assets
 
5,319,516

 
5,291,290

 
(28,226
)
Deferred income taxes - other liabilities
 
894,616

 
883,377

 
(11,239
)
Retained earnings
 
940,968

 
923,981

 
(16,987
)
Total Liabilities and Equity
 
5,319,516

 
5,291,290

 
(28,226
)

As a result of the change in accounting principle, retained earnings as of January 1, 2011, decreased from $733.9 million, as originally reported using the previously applied method, to $709.4 million using the proportional amortization method, a decrease of $24.5 million.

Consolidated Statements of Cash Flows
 
 
2012
 
2011
 
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
 
As Originally Reported
 
As Currently Reported
 
Effect of Adoption of ASU 2014-01
Net income
 
$
168,934

 
$
173,187

 
$
4,253

 
$
166,862

 
$
170,150

 
$
3,288

Deferred income taxes and investment tax credits
 
26,293

 
33,985

 
7,692

 
(52,913
)
 
(45,135
)
 
7,778

Losses (earnings) of unconsolidated equity-method investments
 
328

 
(11,617
)
 
(11,945
)
 
(798
)
 
(11,864
)
 
(11,066
)

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