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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues        
Total operating revenues $ 3,943 $ 4,234 $ 7,954 $ 8,290
Operating Expenses        
Operating and maintenance 1,942 1,786 4,029 3,390
Wildfire-related claims, net of insurance recoveries 3,900 2,125 3,900 2,118
Depreciation, amortization, and decommissioning 796 746 1,593 1,498
Total operating expenses 7,583 5,699 11,405 9,156
Operating Loss (3,640) (1,465) (3,451) (866)
Interest income 22 12 44 21
Interest expense (60) (226) (163) (446)
Other income, net 66 106 137 214
Reorganization items, net (56) 0 (183) 0
Loss Before Income Taxes (3,668) (1,573) (3,616) (1,077)
Income tax benefit (1,119) (593) (1,203) (542)
Net Loss (2,549) (980) (2,413) (535)
Preferred stock dividend requirement of subsidiary 4 4 7 7
Loss Attributable to Common Shareholders $ (2,553) $ (984) $ (2,420) $ (542)
Weighted Average Common Shares Outstanding, Basic (in shares) 529 516 528 516
Weighted Average Common Shares Outstanding, Diluted (in shares) 529 516 528 517
Net Loss Per Common Share, Basic (in dollars per share) $ (4.83) $ (1.91) $ (4.58) $ (1.05)
Net Loss Per Common Share, Diluted (in dollars per share) $ (4.83) $ (1.91) $ (4.58) $ (1.05)
Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues $ 3,943 $ 4,234 $ 7,954 $ 8,290
Operating Expenses        
Operating and maintenance 1,940 1,786 4,044 3,390
Wildfire-related claims, net of insurance recoveries 3,900 2,125 3,900 2,118
Depreciation, amortization, and decommissioning 796 746 1,593 1,498
Total operating expenses 7,581 5,699 11,420 9,156
Operating Loss (3,638) (1,465) (3,466) (866)
Interest income 22 11 43 20
Interest expense (60) (222) (161) (439)
Other income, net 64 108 130 217
Reorganization items, net (57) 0 (168) 0
Loss Before Income Taxes (3,669) (1,568) (3,622) (1,068)
Income tax benefit (1,119) (592) (1,205) (544)
Net Loss (2,550) (976) (2,417) (524)
Preferred stock dividend requirement of subsidiary 4 4 7 7
Loss Attributable to Common Shareholders (2,554) (980) (2,424) (531)
Electric        
Operating Revenues        
Total operating revenues 2,946 3,312 5,738 6,263
Operating Expenses        
Cost of goods 837 963 1,436 1,782
Electric | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 2,946 3,312 5,738 6,263
Operating Expenses        
Cost of goods 837 963 1,436 1,782
Natural gas        
Operating Revenues        
Total operating revenues 997 922 2,216 2,027
Operating Expenses        
Cost of goods 108 79 447 368
Natural gas | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 997 922 2,216 2,027
Operating Expenses        
Cost of goods $ 108 $ 79 $ 447 $ 368