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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING REVENUES    
Total operating revenues $ 3,514 $ 3,364
OPERATING EXPENSES    
Depreciation and amortization 413 348
Taxes, other than income taxes 605 570
TOTAL OPERATING EXPENSES 2,728 2,609
OPERATING INCOME 786 755
OTHER INCOME (DEDUCTIONS)    
Investment income 24 20
Other income 11 6
Allowance for equity funds used during construction 3 4
Other deductions (24) (45)
TOTAL OTHER INCOME (DEDUCTIONS) 14 (15)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 800 740
INTEREST EXPENSE    
Interest on long-term debt 221 190
Other interest 29 7
Allowance for borrowed funds used during construction (3) (2)
NET INTEREST EXPENSE 247 195
INCOME BEFORE INCOME TAX EXPENSE 553 545
INCOME TAX EXPENSE 108 117
NET INCOME 445 428
Income attributable to non-controlling interest 21 0
Net income for common stock $ 424 $ 428
Net income per common share - basic (dollars per share) $ 1.31 $ 1.38
Net income per common share - diluted (dollars per share) $ 1.31 $ 1.37
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 322.5 310.4
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 323.4 311.6
Electric    
OPERATING REVENUES    
Total operating revenues $ 1,941 $ 1,877
Gas    
OPERATING REVENUES    
Total operating revenues 1,034 939
OPERATING EXPENSES    
Operating costs 442 378
Steam    
OPERATING REVENUES    
Total operating revenues 321 314
Non-utility    
OPERATING REVENUES    
Total operating revenues 218 234
Power    
OPERATING EXPENSES    
Operating costs 368 353
Fuel    
OPERATING EXPENSES    
Operating costs 106 124
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs 794 836
CECONY    
OPERATING REVENUES    
Total operating revenues 3,039 2,884
OPERATING EXPENSES    
Depreciation and amortization 334 310
Taxes, other than income taxes 575 539
TOTAL OPERATING EXPENSES 2,313 2,179
OPERATING INCOME 726 705
OTHER INCOME (DEDUCTIONS)    
Investment income 9 5
Allowance for equity funds used during construction 3 3
Other deductions (19) (39)
TOTAL OTHER INCOME (DEDUCTIONS) (7) (31)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 719 674
INTEREST EXPENSE    
Interest on long-term debt 169 163
Other interest 17 5
Allowance for borrowed funds used during construction (3) (2)
NET INTEREST EXPENSE 183 166
INCOME BEFORE INCOME TAX EXPENSE 536 508
INCOME TAX EXPENSE 124 119
Net income for common stock 412 389
CECONY | Electric    
OPERATING REVENUES    
Total operating revenues 1,797 1,729
CECONY | Gas    
OPERATING REVENUES    
Total operating revenues 921 841
OPERATING EXPENSES    
Operating costs 317 273
CECONY | Steam    
OPERATING REVENUES    
Total operating revenues 321 314
CECONY | Power    
OPERATING EXPENSES    
Operating costs 322 303
CECONY | Fuel    
OPERATING EXPENSES    
Operating costs 106 124
CECONY | Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 659 $ 630