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OGE Energy Corp. 39
Consolidated Statements of Changes in Stockholders’ Equity
฀ ฀ ฀ ฀ Accumulated
฀ ฀ ฀ ฀ Other
฀ ฀ Premium฀on฀ Retained฀ Comprehensive฀ Noncontrolling฀ Treasury
(In฀millions)฀ Common฀Stock฀ Common฀Stock฀ Earnings฀ Income฀(Loss)฀ Interest฀ Stock฀ Total
Balance at December 31, 2012 ฀ $1.0฀฀ $1,046.4฀฀ $1,772.4฀฀ $(49.1)฀฀ $฀305.2฀฀ $(3.5)฀฀ $3,072.4
Net฀income฀฀ —฀฀ —฀฀ 387.6฀฀ —฀฀ 6.2฀฀ —฀฀ 393.8
Other฀comprehensive฀income,฀net฀of฀tax฀฀ —฀฀ —฀฀ —฀฀ 27.0฀฀ 0.1฀฀ —฀฀ 27.1
Dividends฀declared฀on฀common฀stock฀฀ —฀฀ —฀฀ (168.8)฀฀ —฀฀ —฀฀ —฀฀ (168.8)
Issuance฀of฀common฀stock฀฀ —฀฀ 14.2฀฀ —฀฀ —฀฀ —฀฀ —฀฀ 14.2
Stock-based฀compensation฀฀ —฀฀ (1.8)฀฀ —฀฀ —฀฀ (0.8)฀฀ 3.5฀฀ 0.9
Contributions฀from฀noncontrolling฀interest฀partners฀฀ —฀฀ 22.5฀฀ —฀฀ —฀฀ 84.5฀฀ —฀฀ 107.0
Distributions฀to฀noncontrolling฀interest฀partners฀฀ —฀฀ —฀฀ —฀฀ —฀฀ (2.5)฀฀ —฀฀ (2.5)
Deconsolidation฀of฀Enogex฀Holdings฀฀ —฀฀ —฀฀ 0.5฀฀ (6.1)฀฀ (392.7)฀฀ —฀฀ (398.3)
Deferred฀income฀taxes฀attributable฀to฀contributions
฀ from฀noncontrolling฀interest฀partners฀฀ —฀฀ (8.7)฀฀ —฀฀ —฀฀ —฀฀ —฀฀ (8.7)
2-for-1฀forward฀stock฀split฀฀ 1.0฀฀ (1.0)฀฀ —฀฀ —฀฀ —฀฀ —฀฀ —
Balance at December 31, 2013 $2.0฀฀ $1,071.6฀฀ $1,991.7฀฀ $(28.2)฀฀ $฀ ฀ ฀ ฀—฀฀ $฀ ฀—฀฀ $3,037.1
Net฀income฀฀ —฀ —฀ 395.8฀ —฀ —฀ —฀ 395.8
Other฀comprehensive฀income,฀net฀of฀tax฀฀ —฀ —฀ —฀ (13.2)฀ —฀ —฀ (13.2)
Dividends฀declared฀on฀common฀stock฀฀ —฀ —฀ (189.3)฀ —฀ —฀ —฀ (189.3)
Issuance฀of฀common฀stock฀฀ —฀ 13.2฀ —฀ —฀ —฀ —฀ 13.2
Stock-based฀compensation฀฀ —฀ 0.8฀ —฀ —฀ —฀ —฀ 0.8
Balance at December 31, 2014 $2.0฀ $1,085.6฀ $2,198.2฀ $(41.4)฀ $฀ ฀ ฀ ฀—฀ $฀ ฀—฀ $3,244.4
Net฀income฀฀ — — 271.3 — — — 271.3
Other฀comprehensive฀income,฀net฀of฀tax฀฀ — — — 6.3 — — 6.3
Dividends฀declared฀on฀common฀stock฀฀ — — (209.7) — — — (209.7)
Issuance฀of฀common฀stock฀฀ — 7.2 — — — — 7.2
Stock-based฀compensation฀฀ — 6.5 — — — — 6.5
Balance at December 31, 2015 $2.0 $1,099.3 $2,259.8 $(35.1) $ — $ — $3,326.0
The฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements฀are฀an฀integral฀part฀hereof.
38 OGE Energy Corp.
Consolidated Statements of Capitalization
December฀31฀(In฀millions)฀฀2015฀ 2014
Stockholders’ Equity
฀ Common฀stock,฀par฀value฀$0.01฀per฀share;฀authorized฀450.0฀shares;
฀ and฀outstanding฀199.7฀and฀199.4฀shares,฀respectively฀฀ $ 2.0฀ $฀ ฀ ฀ ฀2.0
฀ Premium฀on฀common฀stock฀฀ 1,099.3฀ 1,085.6
฀ Retained฀earnings฀฀ 2,259.8฀ 2,198.2
฀ Accumulated฀other฀comprehensive฀loss,฀net฀of฀tax฀฀ (35.1)฀ (41.4)฀
฀ Total฀stockholders’฀equity฀฀ 3,326.0฀ 3,244.4
Long-Term Debt
Senior฀Notes฀–฀OGE฀Energy
0.93%฀Variable฀Senior฀Notes,฀Series฀Due฀November฀24,฀2017฀ 100.0฀ 100.0
Senior฀Notes฀–฀OG&E
5.15%฀Senior฀Notes,฀Series฀Due฀January฀15,฀2016฀฀ 110.0฀ 110.0
6.50%฀Senior฀Notes,฀Series฀Due฀July฀15,฀2017฀฀ 125.0฀ 125.0
6.35%฀Senior฀Notes,฀Series฀Due฀September฀1,฀2018฀฀ 250.0฀ 250.0
8.25%฀Senior฀Notes,฀Series฀Due฀January฀15,฀2019฀฀ 250.0฀ 250.0
6.65%฀Senior฀Notes,฀Series฀Due฀July฀15,฀2027฀฀ 125.0฀ 125.0
6.50%฀Senior฀Notes,฀Series฀Due฀April฀15,฀2028฀฀ 100.0฀ 100.0
5.75%฀Senior฀Notes,฀Series฀Due฀January฀15,฀2036฀฀ 110.0฀ 110.0
6.45%฀Senior฀Notes,฀Series฀Due฀February฀1,฀2038฀฀ 200.0฀ 200.0
5.85%฀Senior฀Notes,฀Series฀Due฀June฀1,฀2040฀฀ 250.0฀ 250.0
5.25%฀Senior฀Notes,฀Series฀Due฀May฀15,฀2041฀฀ 250.0฀ 250.0
3.90%฀Senior฀Notes,฀Series฀Due฀May฀1,฀2043฀฀ 250.0฀ 250.0฀
4.55%฀Senior฀Notes,฀Series฀Due฀March฀15,฀2044฀ 250.0฀ 250.0
4.00%฀Senior฀Notes,฀Series฀Due฀December฀15,฀2044฀ 250.0฀ 250.0
3.70%฀Tinker฀Debt,฀Due฀August฀31,฀2062฀ 10.0฀ 10.2
Other฀Bonds฀–฀OG&E
0.05%฀–฀0.13%฀Garfield฀Indust ial฀Authority,฀January฀1,฀2025฀ 47.0฀ 47.0
0.06%฀–฀0.19%฀Muskogee฀Industrial฀Authority,฀January฀1,฀2025฀ 32.4฀ 32.4
0.05%฀–฀0.14%฀Muskogee฀Industrial฀Authority,฀June฀1,฀2027฀ 56.0฀ 56.0
Unamortized฀discount฀฀ (9.8)฀ (10.3)
฀ Total฀long-term฀debt฀฀ 2,755.6฀ 2,755.3
฀ ฀ Less฀long-term฀debt฀due฀within฀one฀year฀฀ (110.0)฀ —฀
฀ Total฀long-term฀debt฀(excluding฀debt฀due฀within฀one฀year)฀฀ 2,645.6฀ 2,755.3
Total฀Capitalization฀(including฀long-term฀debt฀due฀within฀one฀year)฀ $6,081.6฀ $5,999.7
The฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements฀are฀an฀integral฀part฀hereof.