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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues        
Total operating revenues $ 4,432 $ 4,381 $ 12,386 $ 12,671
Operating Expenses        
Operating and maintenance 2,206 1,611 6,235 5,001
Wildfire-related claims, net of insurance recoveries 2,548 (10) 6,448 2,108
Depreciation, amortization, and decommissioning 840 759 2,433 2,257
Total operating expenses 6,732 3,685 18,137 12,841
Operating Income (Loss) (2,300) 696 (5,751) (170)
Interest income 18 14 62 35
Interest expense (52) (232) (215) (678)
Other income, net 62 104 199 318
Reorganization items, net (73) 0 (256) 0
Income (Loss) Before Income Taxes (2,345) 582 (5,961) (495)
Income tax provision (benefit) (729) 15 (1,932) (527)
Net Income (Loss) (1,616) 567 (4,029) 32
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income (Loss) Attributable to Common Shareholders $ (1,619) $ 564 $ (4,039) $ 22
Weighted Average Common Shares Outstanding, Basic (in shares) 529 517 528 516
Weighted Average Common Shares Outstanding, Diluted (in shares) 529 517 528 517
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ (3.06) $ 1.09 $ (7.65) $ 0.04
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ (3.06) $ 1.09 $ (7.65) $ 0.04
Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues $ 4,432 $ 4,382 $ 12,386 $ 12,672
Operating Expenses        
Operating and maintenance 2,208 1,611 6,252 5,002
Wildfire-related claims, net of insurance recoveries 2,548 (10) 6,448 2,108
Depreciation, amortization, and decommissioning 840 759 2,433 2,257
Total operating expenses 6,734 3,685 18,154 12,842
Operating Income (Loss) (2,302) 697 (5,768) (170)
Interest income 18 14 61 34
Interest expense (52) (229) (213) (668)
Other income, net 57 103 187 321
Reorganization items, net (69) 0 (237) 0
Income (Loss) Before Income Taxes (2,348) 585 (5,970) (483)
Income tax provision (benefit) (738) 14 (1,943) (530)
Net Income (Loss) (1,610) 571 (4,027) 47
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income (Loss) Attributable to Common Shareholders (1,613) 568 (4,037) 37
Electric        
Operating Revenues        
Total operating revenues 3,554 3,466 9,292 9,729
Operating Expenses        
Cost of goods 1,070 1,256 2,506 3,038
Electric | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 3,554 3,467 9,292 9,730
Operating Expenses        
Cost of goods 1,070 1,256 2,506 3,038
Natural gas        
Operating Revenues        
Total operating revenues 878 915 3,094 2,942
Operating Expenses        
Cost of goods 68 69 515 437
Natural gas | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 878 915 3,094 2,942
Operating Expenses        
Cost of goods $ 68 $ 69 $ 515 $ 437