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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues      
Total operating revenues $ 24,428 $ 21,680 $ 20,642
Operating Expenses      
Total deduction to Operating Expenses 11,924 9,809 10,200
SB 901 securitization charges, net 1,267 608 0
Wildfire-related claims, net of recoveries 64 237 258
Wildfire Fund expense 567 477 517
Depreciation, amortization, and decommissioning 3,738 3,856 3,403
Total operating expenses 21,757 19,843 18,759
Operating Income 2,671 1,837 1,883
Interest income 606 162 20
Interest expense (2,850) (1,917) (1,601)
Other income, net 272 394 457
Reorganization items, net 0 0 (11)
Income Before Income Taxes 699 476 748
Income tax benefit (1,557) (1,338) 836
Net Income 2,256 1,814 (88)
Preferred stock dividend requirement of subsidiary 14 14 14
Income Available for Common Shareholders $ 2,242 $ 1,800 $ (102)
Weighted Average Common Shares Outstanding, Basic (in shares) 2,064 1,987 1,985
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,138 2,132 1,985
Net Income Per Common Share, Basic (in dollars per share) $ 1.09 $ 0.91 $ (0.05)
Net Income Per Common Share, Diluted (in dollars per share) $ 1.05 $ 0.84 $ (0.05)
Electric      
Operating Revenues      
Total operating revenues $ 17,424 $ 15,060 $ 15,131
Operating Expenses      
Cost of electricity and natural gas 2,443 2,756 3,232
Natural gas      
Operating Revenues      
Total operating revenues 7,004 6,620 5,511
Operating Expenses      
Cost of electricity and natural gas $ 1,754 $ 2,100 $ 1,149