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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:        
Commodity revenue $ 1,852 $ 2,128 $ 3,795 $ 4,666
Mark-to-market gain (loss) (113) 467 232 523
Other revenue 5 4 9 9
Operating revenues 1,744 [1] 2,599 [1] 4,036 [2] 5,198 [2]
Operating expenses:        
Commodity expense 1,110 1,367 2,457 3,125
Mark-to-market (gain) loss (148) 280 (4) 290
Fuel and purchased energy expense 962 1,647 2,453 3,415
Operating and maintenance expense 266 245 506 484
Depreciation and amortization expense 163 175 327 349
General and other administrative expense 31 34 62 66
Other operating expenses 14 19 31 38
Total operating expenses 1,436 2,120 3,379 4,352
Impairment losses 0 40 0 55
(Income) from unconsolidated subsidiaries (4) (5) (4) (11)
Income from operations 312 444 661 802
Interest expense 167 157 336 306
(Gain) loss on extinguishment of debt 8 3 8 (1)
Other (income) expense, net 5 5 9 28
Income before income taxes 132 279 308 469
Income tax expense (benefit) (31) 9 15 19
Net income (loss) 163 270 293 450
Net income attributable to the noncontrolling interest 0 (4) (2) (9)
Net income attributable to Calpine $ 163 $ 266 $ 291 $ 441
[1] Includes intersegment revenues of $70 million and $100 million in the West, $214 million and $348 million in Texas, $24 million and $228 million in the East and $2 million and $1 million in Retail for the three months ended June 30, 2020 and 2019, respectively.
[2] Includes intersegment revenues of $189 million and $262 million in the West, $432 million and $559 million in Texas, $199 million and $365 million in the East and $3 million and $4 million in Retail for the six months ended June 30, 2020 and 2019, respectively.