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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Total operating revenues $ 5,888 $ 5,394 $ 17,387 $ 16,310
Operating Expenses        
Operating and maintenance 3,139 2,250 8,252 7,651
SB 901 securitization charges, net 346 0 908 40
Wildfire-related claims, net of recoveries (32) 9 (35) 153
Wildfire Fund expense 219 118 453 353
Depreciation, amortization, and decommissioning 811 1,002 2,885 2,915
Total operating expenses 5,487 4,668 15,851 14,603
Operating Income 401 726 1,536 1,707
Interest income 154 43 409 70
Interest expense (682) (525) (1,924) (1,355)
Other income, net 62 118 213 246
Income (Loss) Before Income Taxes (65) 362 234 668
Income tax benefit (416) (97) (1,099) (629)
Net Income 351 459 1,333 1,297
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income Available for Common Shareholders $ 348 $ 456 $ 1,323 $ 1,287
Weighted Average Common Shares Outstanding, Basic (in shares) 2,111 1,987 2,041 1,987
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,140 2,132 2,138 2,132
Net Income Per Common Share, Basic (in dollars per share) $ 0.16 $ 0.23 $ 0.65 $ 0.65
Net Income Per Common Share, Diluted (in dollars per share) $ 0.16 $ 0.21 $ 0.62 $ 0.60
Electric        
Operating Revenues        
Total operating revenues $ 4,507 $ 3,895 $ 12,478 $ 11,743
Operating Expenses        
Cost of electricity and natural gas 846 1,032 2,040 2,314
Natural gas        
Operating Revenues        
Total operating revenues 1,381 1,499 4,909 4,567
Operating Expenses        
Cost of electricity and natural gas $ 158 $ 257 $ 1,348 $ 1,177