XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenues                
Total operating revenues $ 6,250     $ 5,941     $ 18,131 $ 17,788
Operating Expenses                
Operating and maintenance 2,641     2,683     8,147 8,076
SB 901 securitization charges, net 35     33     35 33
Wildfire-related claims, net of recoveries 1     74     100 70
Wildfire Fund expense 86     139     271 295
Depreciation, amortization, and decommissioning 1,132     1,059     3,302 3,134
Total operating expenses 5,041     4,912     14,606 14,349
Operating Income 1,209     1,029     3,525 3,439
Interest income 94     156     392 495
Interest expense (770)     (795)     (2,296) (2,322)
Other income, net 97     83     251 241
Income Before Income Taxes 630     473     1,872 1,853
Income tax (benefit) expense (220)     (106)     (161) 15
Net Income 850 $ 549 $ 634 579 $ 524 $ 735 2,033 1,838
Preferred stock dividend requirement 27     3     82 10
Income Available for Common Shareholders 823     576     1,951 1,828
Income Available for Common Shareholders $ 823     $ 576     $ 1,951 $ 1,828
Weighted Average Common Shares Outstanding, Basic (in shares) 2,198     2,137     2,197 2,136
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,281     2,143     2,202 2,142
Net Income Per Common Share, Basic (in dollars per share) $ 0.37     $ 0.27     $ 0.89 $ 0.86
Net Income Per Common Share, Diluted (in dollars per share) $ 0.37     $ 0.27     $ 0.89 $ 0.85
Electric                
Operating Revenues                
Total operating revenues $ 4,755     $ 4,538     $ 13,304 $ 13,048
Operating Expenses                
Cost of electricity and natural gas 1,015     835     2,013 1,919
Natural gas                
Operating Revenues                
Total operating revenues 1,495     1,403     4,827 4,740
Operating Expenses                
Cost of electricity and natural gas $ 131     $ 89     $ 738 $ 822