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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues        
Total operating revenues $ 5,118 $ 5,215 $ 10,916 $ 9,931
Operating Expenses        
Operating and maintenance 2,291 2,583 5,401 4,919
SB 901 securitization charges, net 40 0 40 0
Wildfire-related claims, net of recoveries 145 (5) 144 167
Wildfire Fund expense 117 118 235 237
Depreciation, amortization, and decommissioning 941 851 1,913 1,739
Total operating expenses 4,673 4,581 9,935 8,993
Operating Income 445 634 981 938
Interest income 19 15 27 17
Interest expense (411) (398) (830) (806)
Other income (expense), net (21) 128 128 255
Reorganization items, net 0 (11) 0 (11)
Income Before Income Taxes 32 368 306 393
Income tax benefit (328) (33) (532) (131)
Net Income 360 401 838 524
Preferred stock dividend requirement of subsidiary 4 4 7 7
Income Available for Common Shareholders $ 356 $ 397 $ 831 $ 517
Weighted Average Common Shares Outstanding, Basic (in shares) 1,987 1,985 1,987 1,985
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,141 2,146 2,141 2,146
Net Income Per Common Share, Basic (in dollars per share) $ 0.18 $ 0.20 $ 0.42 $ 0.26
Net Income Per Common Share, Diluted (in dollars per share) $ 0.17 $ 0.18 $ 0.39 $ 0.24
Electric        
Operating Revenues        
Total operating revenues $ 3,690 $ 3,951 $ 7,848 $ 7,346
Operating Expenses        
Cost of electricity and natural gas 780 847 1,282 1,437
Natural gas        
Operating Revenues        
Total operating revenues 1,428 1,264 3,068 2,585
Operating Expenses        
Cost of electricity and natural gas $ 359 $ 187 $ 920 $ 494