XML 31 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues      
Total operating revenues $ 18,469 $ 17,129 $ 16,759
Operating Expenses      
Operating and maintenance 8,684 8,725 7,153
Wildfire-related claims, net of insurance recoveries 251 11,435 11,771
Wildfire fund expense 413 0 0
Depreciation, amortization, and decommissioning 3,468 3,234 3,036
Total operating expenses 16,714 27,223 26,459
Operating Income (Loss) 1,755 (10,094) (9,700)
Interest income 39 82 76
Interest expense (1,260) (934) (929)
Other income, net 483 250 424
Reorganization items, net (1,959) (346) 0
Loss Before Income Taxes (942) (11,042) (10,129)
Income tax provision (benefit) 362 (3,400) (3,292)
Net Loss (1,304) (7,642) (6,837)
Preferred stock dividend requirement of subsidiary 14 14 14
Loss Attributable to Common Shareholders $ (1,318) $ (7,656) $ (6,851)
Weighted Average Common Shares Outstanding, Basic (in shares) 1,257 528 517
Weighted Average Common Shares Outstanding, Diluted (in shares) 1,257 528 517
Net Loss Per Common Share, Basic (in dollars per share) $ (1.05) $ (14.50) $ (13.25)
Net Loss Per Common Share, Diluted (in dollars per share) $ (1.05) $ (14.50) $ (13.25)
Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues $ 18,469 $ 17,129 $ 16,760
Operating Expenses      
Operating and maintenance 8,707 8,750 7,153
Wildfire-related claims, net of insurance recoveries 251 11,435 11,771
Wildfire fund expense 413 0 0
Depreciation, amortization, and decommissioning 3,469 3,233 3,036
Total operating expenses 16,738 27,247 26,459
Operating Income (Loss) 1,731 (10,118) (9,699)
Interest income 39 82 74
Interest expense (1,111) (912) (914)
Other income, net 470 239 426
Reorganization items, net (310) (320) 0
Loss Before Income Taxes 819 (11,029) (10,113)
Income tax provision (benefit) 408 (3,407) (3,295)
Net Loss 411 (7,622) (6,818)
Preferred stock dividend requirement 14 14 14
Loss Attributable to Common Shareholders 397 (7,636) (6,832)
Electric      
Operating Revenues      
Total operating revenues 13,858 12,740 12,713
Operating Expenses      
Cost of goods 3,116 3,095 3,828
Electric | Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 13,858 12,740 12,713
Operating Expenses      
Cost of goods 3,116 3,095 3,828
Natural gas      
Operating Revenues      
Total operating revenues 4,611 4,389 4,046
Operating Expenses      
Cost of goods 782 734 671
Natural gas | Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 4,611 4,389 4,047
Operating Expenses      
Cost of goods $ 782 $ 734 $ 671