XML 20 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues        
Total operating revenues $ 5,290 $ 5,118 $ 11,499 $ 10,916
Operating Expenses        
Operating and maintenance 2,436 2,291 5,113 5,401
SB 901 securitization charges, net 289 40 562 40
Wildfire-related claims, net of recoveries (1) 145 (3) 144
Wildfire Fund expense 117 117 234 235
Depreciation, amortization, and decommissioning 997 941 2,074 1,913
Total operating expenses 4,784 4,673 10,364 9,935
Operating Income 506 445 1,135 981
Interest income 143 19 255 27
Interest expense (640) (411) (1,242) (830)
Other income (expense), net 66 (21) 151 128
Income Before Income Taxes 75 32 299 306
Income tax benefit (335) (328) (683) (532)
Net Income 410 360 982 838
Preferred stock dividend requirement of subsidiary 4 4 7 7
Income Available for Common Shareholders $ 406 $ 356 $ 975 $ 831
Weighted Average Common Shares Outstanding, Basic (in shares) 2,019 1,987 2,005 1,987
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,139 2,141 2,137 2,141
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ 0.20 $ 0.18 $ 0.49 $ 0.42
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ 0.19 $ 0.17 $ 0.46 $ 0.39
Electric        
Operating Revenues        
Total operating revenues $ 3,852 $ 3,690 $ 7,971 $ 7,848
Operating Expenses        
Cost of electricity and natural gas 672 780 1,194 1,282
Natural gas        
Operating Revenues        
Total operating revenues 1,438 1,428 3,528 3,068
Operating Expenses        
Cost of electricity and natural gas $ 274 $ 359 $ 1,190 $ 920