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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Total operating revenues $ 5,986 $ 5,290 $ 11,847 $ 11,499
Operating Expenses        
Operating and maintenance 2,757 2,436 5,393 5,113
SB 901 securitization charges, net 0 289 0 562
Wildfire-related claims, net of recoveries (3) (1) (4) (3)
Wildfire Fund expense 78 117 156 234
Depreciation, amortization, and decommissioning 1,053 997 2,075 2,074
Total operating expenses 4,852 4,784 9,437 10,364
Operating Income 1,134 506 2,410 1,135
Interest income 202 143 339 255
Interest expense (812) (640) (1,527) (1,242)
Other income, net 82 66 158 151
Income Before Income Taxes 606 75 1,380 299
Income tax provision (benefit) 82 (335) 121 (683)
Net Income 524 410 1,259 982
Preferred stock dividend requirement of subsidiary 4 4 7 7
Income Available for Common Shareholders 520 406 1,252 975
Income Available for Common Shareholders $ 520 $ 406 $ 1,252 $ 975
Weighted Average Common Shares Outstanding, Basic (in shares) 2,137 2,019 2,136 2,005
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,142 2,139 2,141 2,137
Net Income Per Common Share, Basic (in dollars per share) $ 0.24 $ 0.20 $ 0.59 $ 0.49
Net Income Per Common Share, Diluted (in dollars per share) $ 0.24 $ 0.19 $ 0.58 $ 0.46
Electric        
Operating Revenues        
Total operating revenues $ 4,458 $ 3,852 $ 8,510 $ 7,971
Operating Expenses        
Cost of electricity and natural gas 763 672 1,084 1,194
Natural gas        
Operating Revenues        
Total operating revenues 1,528 1,438 3,337 3,528
Operating Expenses        
Cost of electricity and natural gas $ 204 $ 274 $ 733 $ 1,190