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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues    
Total operating revenues $ 4,306 $ 4,011
Operating Expenses    
Operating and maintenance 1,967 2,087
Depreciation, amortization, and decommissioning 855 797
Total operating expenses 3,651 3,822
Operating Income 655 189
Interest income 16 22
Interest expense (254) (103)
Other income, net 97 71
Reorganization items, net (176) (127)
Income Before Income Taxes 338 52
Income tax benefit (36) (84)
Net Income 374 136
Preferred stock dividend requirement of subsidiary 3 0
Income Available for Common Shareholders $ 371 $ 136
Weighted Average Common Shares Outstanding, Basic (in shares) 529 526
Weighted Average Common Shares Outstanding, Diluted (in shares) 648 527
Net Income Per Common Share, Basic (in dollars per share) $ 0.70 $ 0.25
Net Income Per Common Share, Diluted (in dollars per share) $ 0.57 $ 0.25
Pacific Gas & Electric Co    
Operating Revenues    
Total operating revenues $ 4,306 $ 4,011
Operating Expenses    
Operating and maintenance 1,965 2,104
Depreciation, amortization, and decommissioning 855 797
Total operating expenses 3,649 3,839
Operating Income 657 172
Interest income 16 21
Interest expense (252) (101)
Other income, net 93 66
Reorganization items, net (93) (111)
Income Before Income Taxes 421 47
Income tax benefit (30) (86)
Net Income 451 133
Preferred stock dividend requirement of subsidiary 3 0
Income Available for Common Shareholders 448 133
Electric    
Operating Revenues    
Total operating revenues 3,040 2,792
Operating Expenses    
Cost of goods 545 599
Electric | Pacific Gas & Electric Co    
Operating Revenues    
Total operating revenues 3,040 2,792
Operating Expenses    
Cost of goods 545 599
Natural gas    
Operating Revenues    
Total operating revenues 1,266 1,219
Operating Expenses    
Cost of goods 284 339
Natural gas | Pacific Gas & Electric Co    
Operating Revenues    
Total operating revenues 1,266 1,219
Operating Expenses    
Cost of goods $ 284 $ 339