XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Total operating revenues $ 5,941 $ 5,888 $ 17,788 $ 17,387
Operating Expenses        
Operating and maintenance 2,683 3,139 8,076 8,252
SB 901 securitization charges, net 33 346 33 908
Wildfire-related claims, net of recoveries 74 (32) 70 (35)
Wildfire Fund expense 139 219 295 453
Depreciation, amortization, and decommissioning 1,059 811 3,134 2,885
Total operating expenses 4,912 5,487 14,349 15,851
Operating Income 1,029 401 3,439 1,536
Interest income 156 154 495 409
Interest expense (795) (682) (2,322) (1,924)
Other income, net 83 62 241 213
Income (Loss) Before Income Taxes 473 (65) 1,853 234
Income tax provision (benefit) (106) (416) 15 (1,099)
Net Income 579 351 1,838 1,333
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income Available for Common Shareholders 576 348 1,828 1,323
Income Available for Common Shareholders $ 576 $ 348 $ 1,828 $ 1,323
Weighted Average Common Shares Outstanding, Basic (in shares) 2,137 2,111 2,136 2,041
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,143 2,140 2,142 2,138
Net Income Per Common Share, Basic (in dollars per share) $ 0.27 $ 0.16 $ 0.86 $ 0.65
Net Income Per Common Share, Diluted (in dollars per share) $ 0.27 $ 0.16 $ 0.85 $ 0.62
Electric        
Operating Revenues        
Total operating revenues $ 4,538 $ 4,507 $ 13,048 $ 12,478
Operating Expenses        
Cost of electricity and natural gas 835 846 1,919 2,040
Natural gas        
Operating Revenues        
Total operating revenues 1,403 1,381 4,740 4,909
Operating Expenses        
Cost of electricity and natural gas $ 89 $ 158 $ 822 $ 1,348