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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Utilities operating revenue $ 2,460,000,000 $ 2,277,000,000 [1] $ 7,248,000,000 $ 7,172,000,000 [1]
Energy-related businesses 480,000,000 402,000,000 [1] 1,218,000,000 1,071,000,000 [1]
Total revenues 2,940,000,000 2,679,000,000 [1] 8,466,000,000 8,243,000,000 [1]
Operating expenses        
Operation and maintenance (819,000,000) (759,000,000) [1] (2,383,000,000) (2,226,000,000) [1]
Depreciation and amortization (380,000,000) (378,000,000) [1] (1,158,000,000) (1,106,000,000) [1],[2]
Franchise fees and other taxes (131,000,000) (114,000,000) [1] (352,000,000) (325,000,000) [1]
Write-off of wildfire regulatory asset 0 (351,000,000) [1] 0 (351,000,000) [1]
Operating expenses        
Write-off of wildfire regulatory asset 0 351,000,000 [1] 0 351,000,000 [1]
Impairment losses (4,000,000) (1,000,000) [1] (1,304,000,000) (72,000,000) [1],[2]
Other income, net 97,000,000 40,000,000 [1] 196,000,000 322,000,000 [1]
Interest income 22,000,000 12,000,000 [1] 76,000,000 26,000,000 [1]
Interest expense (232,000,000) (165,000,000) [1] (685,000,000) (493,000,000) [1]
Income (loss) before income taxes and equity earnings of unconsolidated subsidiaries 427,000,000 5,000,000 [1] (15,000,000) 1,154,000,000 [1]
Income tax benefit (expense) (167,000,000) 84,000,000 [1] 127,000,000 (378,000,000) [1]
Equity earnings 74,000,000 13,000,000 [1] 50,000,000 26,000,000 [1]
Net (loss) income 334,000,000 102,000,000 [1] 162,000,000 802,000,000 [1],[2]
Earnings attributable to noncontrolling interest (24,000,000) (45,000,000) [1] (12,000,000) (44,000,000) [1]
Mandatory convertible preferred stock dividends (36,000,000) 0 [1] (89,000,000) 0 [1]
Preferred dividends of subsidiary 0 0 [1] (1,000,000) (1,000,000) [1]
Earnings attributable to common shares $ 274,000,000 $ 57,000,000 [1] $ 60,000,000 $ 757,000,000 [1]
Basic earnings per common share $ 1.00 $ 0.23 [1] $ 0.23 $ 3.01 [1]
Weighted-average number of shares outstanding, basic 273,944 251,692 [1] 265,963 251,425 [1]
Diluted earnings per common share $ 0.99 $ 0.22 [1] $ 0.22 $ 2.99 [1]
Weighted-average number of shares outstanding, diluted (thousands) 275,907 253,364 [1] 267,644 252,987 [1]
Cost of electric fuel and purchased power [Member]        
Operating expenses        
Operating expenses $ (675,000,000) $ (650,000,000) [1] $ (1,778,000,000) $ (1,730,000,000) [1]
Cost of natural gas [Member]        
Operating expenses        
Operating expenses (255,000,000) (190,000,000) [1] (782,000,000) (903,000,000) [1]
Cost of natural gas, electric fuel and purchased power [Member]        
Operating expenses        
Operating expenses (119,000,000) (97,000,000) [1] (257,000,000) (226,000,000) [1]
Other cost of sales [Member]        
Operating expenses        
Operating expenses (17,000,000) (21,000,000) [1] (54,000,000) (5,000,000) [1]
San Diego Gas and Electric Company [Member]        
REVENUES        
Electric 1,192,000,000 1,131,000,000 [1] 3,014,000,000 2,952,000,000 [1]
Natural gas 107,000,000 105,000,000 [1] 391,000,000 399,000,000 [1]
Utilities operating revenue 1,299,000,000 1,236,000,000 [1] 3,405,000,000 3,351,000,000 [1]
Operating expenses        
Write-off of wildfire regulatory asset 0 (351,000,000) 0 (351,000,000) [2]
Operating expenses        
Cost of electric fuel and purchased power 448,000,000 417,000,000 [1] 1,045,000,000 994,000,000 [1]
Cost of natural gas 30,000,000 29,000,000 [1] 110,000,000 132,000,000 [1]
Operation and maintenance 262,000,000 253,000,000 [1] 761,000,000 725,000,000 [1]
Depreciation and amortization 174,000,000 170,000,000 [2] 509,000,000 499,000,000 [1]
Franchise fees and other taxes 85,000,000 74,000,000 [1] 217,000,000 197,000,000 [1]
Write-off of wildfire regulatory asset 0 351,000,000 0 351,000,000 [2]
Total operating expenses 999,000,000 1,294,000,000 [1] 2,642,000,000 2,898,000,000 [1]
Operating income (loss) 300,000,000 (58,000,000) [1] 763,000,000 453,000,000 [1]
Other income, net 24,000,000 20,000,000 [1] 77,000,000 61,000,000 [1]
Interest income 1,000,000 0 [1] 3,000,000 0 [1]
Interest expense (56,000,000) (53,000,000) [1] (161,000,000) (151,000,000) [1]
Income (loss) before income taxes and equity earnings of unconsolidated subsidiaries 269,000,000 (91,000,000) [1] 682,000,000 363,000,000 [1]
Income tax benefit (expense) (53,000,000) 72,000,000 [1] (151,000,000) (72,000,000) [1]
Net (loss) income 216,000,000 (19,000,000) [1] 531,000,000 291,000,000 [1],[2]
Earnings attributable to noncontrolling interest (11,000,000) (9,000,000) [1] (10,000,000) (15,000,000) [1]
Earnings attributable to common shares 205,000,000 (28,000,000) [1] 521,000,000 276,000,000 [1]
Southern California Gas Company [Member]        
REVENUES        
Utilities operating revenue 802,000,000 684,000,000 [1] 2,700,000,000 2,695,000,000 [1]
Operating expenses        
Cost of natural gas 224,000,000 153,000,000 [1] 663,000,000 740,000,000 [1]
Operation and maintenance 394,000,000 360,000,000 [1] 1,160,000,000 1,067,000,000 [1]
Depreciation and amortization 141,000,000 132,000,000 414,000,000 384,000,000 [1]
Franchise fees and other taxes 38,000,000 34,000,000 [1] 111,000,000 107,000,000 [1]
Total operating expenses 797,000,000 679,000,000 [1] 2,348,000,000 2,298,000,000 [1]
Operating income (loss) 5,000,000 5,000,000 [1] 352,000,000 397,000,000 [1]
Other income, net 3,000,000 13,000,000 [1] 49,000,000 51,000,000 [1]
Interest income 0 1,000,000 1,000,000 1,000,000
Interest expense (29,000,000) (26,000,000) [1] (82,000,000) (77,000,000) [1]
Income (loss) before income taxes and equity earnings of unconsolidated subsidiaries (21,000,000) (7,000,000) [1] 320,000,000 372,000,000 [1]
Income tax benefit (expense) 7,000,000 14,000,000 [1] (75,000,000) (103,000,000) [1]
Net (loss) income (14,000,000) 7,000,000 [1] 245,000,000 269,000,000 [1]
Preferred dividend requirements 0 0 [1] 1,000,000 1,000,000 [1]
Earnings attributable to common shares $ (14,000,000) $ 7,000,000 [1] $ 244,000,000 $ 268,000,000 [1]
[1] As adjusted for the retrospective adoption of ASU 2017-07, which we discuss in Note 2, and a reclassification to conform to current year presentation, which we discuss in Note 1.
[2] As adjusted for the retrospective adoption of ASU 2016-15 and ASU 2016-18, which we discuss in Note 2.