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For the Year Ended December 31,
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2022
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2021
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2020
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($ in millions)
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Statement of Operations Data | | | | | | | | | | | | | | | | | | | |
Operating revenues
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| | | $ | 19,078 | | | | | $ | 17,938 | | | | | $ | 16,663 | | |
Operating income
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| | | | 3,315 | | | | | | 2,682 | | | | | | 2,191 | | |
Net income from continuing operations after income taxes
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| | | | 2,054 | | | | | | 1,616 | | | | | | 1,099 | | |
Net income from discontinued operations after income taxes
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| | | | 117 | | | | | | 213 | | | | | | 855 | | |
Net income
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| | | | 2,171 | | | | | | 1,829 | | | | | | 1,954 | | |
Cash Flow Data | | | | | | | | | | | | | | | | | | | |
Net cash flows provided by operating activities
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| | | | 4,870 | | | | | | 3,012 | | | | | | 4,235 | | |
Net cash flows used in investing activities
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| | | | (6,990) | | | | | | (3,317) | | | | | | (4,336) | | |
Net cash flows provided by financing activities
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| | | | 1,591 | | | | | | 758 | | | | | | 145 | | |
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For the Year Ended December 31,
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2022
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2021
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($ in millions)
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Balance Sheet Data | | | | | | | | | | | | | |
Property, plant and equipment, net
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| | | $ | 69,076 | | | | | $ | 64,558 | | |
Noncurrent regulatory assets
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| | | | 8,037 | | | | | | 8,224 | | |
Goodwill
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| | | | 6,630 | | | | | | 6,630 | | |
Assets held for sale
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| | | | — | | | | | | 13 | | |
Current assets of discontinued operations
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| | | | — | | | | | | 7,835 | | |
Total assets
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| | | | 95,349 | | | | | | 133,013 | | |
Long-term debt, including long-term debt to financing trusts and long-term
debt due within one year |
| | | | 37,464 | | | | | | 33,292 | | |
Noncurrent regulatory liabilities
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| | | | 9,112 | | | | | | 9,628 | | |
Liabilities held for sale
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| | | | — | | | | | | 3 | | |
Current liabilities of discontinued operations
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| | | | — | | | | | | 7,940 | | |
Total shareholders’ equity
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| | | | 24,744 | | | | | | 34,393 | | |
Total liabilities and shareholders’ equity
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| | | | 95,349 | | | | | | 133,013 | | |
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As of December 31, 2022
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Actual
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As Adjusted
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($ in millions)
(unaudited) |
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Short-term borrowings(a)
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| | | $ | 2,586 | | | | | $ | | | |
Long-term debt(b):
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| | | | 37,464 | | | | | | | | |
20 notes offered hereby
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20 notes offered hereby
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20 notes offered hereby
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Total shareholders’ equity
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| | | | 24,744 | | | | | | | | |
Total capitalization
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| | | $ | 64,794 | | | | | $ | | | |
Underwriter
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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Barclays Capital Inc.
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| | | $ | | | | | $ | | | | | $ | | | |||
Citigroup Global Markets Inc.
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Goldman Sachs & Co. LLC
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J.P. Morgan Securities LLC
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Morgan Stanley & Co. LLC
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MUFG Securities Americas Inc.
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PNC Capital Markets LLC
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SMBC Nikko Securities America, Inc.
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Wells Fargo Securities, LLC
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Loop Capital Markets LLC
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Siebert Williams Shank & Co., LLC
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Huntington Securities, Inc.
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Total
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| | | $ | | | | | | $ | | | | | $ | | | |
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