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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Utilities operating revenue $ 2,301 $ 2,398 $ 7,199 $ 6,808
Energy-related businesses 343 360 1,000 1,078
Total revenues 2,644 2,758 8,199 7,886
Operating expenses        
Operation and maintenance (1,044) (845) (2,893) (2,515)
Depreciation and amortization (418) (402) (1,242) (1,174)
Franchise fees and other taxes (139) (127) (397) (369)
Impairment losses (1) (43) (1) (43)
(Loss) gain on sale of assets 0 (3) 0 63
Operating expenses        
Impairment losses 1 43 1 43
Other income (expense), net 29 (7) (163) 103
Interest income 27 22 76 64
Interest expense (264) (279) (818) (797)
Income from continuing operations before income taxes and equity earnings 201 448 1,061 1,235
Income tax expense (99) (61) (60) (150)
Equity earnings 326 266 822 485
Income from continuing operations, net of income tax 428 653 1,823 1,570
(Loss) income from discontinued operations, net of income tax (7) 256 1,850 292
Net income 421 909 3,673 1,862
Earnings attributable to noncontrolling interests (22) (60) (201) (146)
Preferred dividends (48) (36) (121) (107)
Preferred dividends of subsidiary 0 0 (1) (1)
Earnings attributable to common shares $ 351 $ 813 $ 3,350 $ 1,608
Basic EPS:        
Earnings from continuing operations $ 1.23 $ 2.04 $ 5.17 $ 4.86
(Losses) earnings from discontinued operations (0.02) 0.89 6.31 0.97
Earnings attributable to common shares (in usd per share) $ 1.21 $ 2.93 $ 11.48 $ 5.83
Weighted-average common shares outstanding 289,490 277,360 291,771 275,684
Diluted EPS:        
Earnings from continuing operations $ 1.23 $ 2.00 $ 5.15 $ 4.79
(Losses) earnings from discontinued operations (0.02) 0.84 6.28 0.95
Earnings from continuing operations attributable to common shares (in usd per share) $ 1.21 $ 2.84 $ 11.43 $ 5.74
Weighted-average common share outstanding, diluted 290,582 295,789 292,935 279,809
Natural gas [Member]        
Operating expenses        
Operating expenses $ (114) $ (122) $ (582) $ (789)
Electric fuel and purchased power [Member]        
Operating expenses        
Operating expenses (429) (410) (918) (929)
Energy-related businesses [Member]        
Operating expenses        
Operating expenses (90) (94) (200) (265)
San Diego Gas and Electric Company [Member]        
REVENUES        
Electric 1,338 1,271 3,478 3,184
Natural gas 134 156 498 482
Utilities operating revenue 1,472 1,427 3,976 3,666
Operating expenses        
Cost of electric fuel and purchased power 430 411 921 934
Cost of natural gas 27 23 118 136
Operation and maintenance 414 295 1,050 857
Depreciation and amortization 200 196 598 571
Franchise fees and other taxes 86 79 237 220
Total operating expenses 1,157 1,004 2,924 2,718
Operating income 315 423 1,052 948
Other income (expense), net (2) 19 47 60
Interest income 1 1 2 3
Interest expense (103) (106) (307) (311)
Income from continuing operations before income taxes and equity earnings 211 337 794 700
Income tax expense (33) (71) (161) (111)
Net income 178 266 633 589
Earnings attributable to noncontrolling interests 0 (3) 0 (7)
Earnings attributable to common shares 178 263 633 582
Southern California Gas Company [Member]        
REVENUES        
Utilities operating revenue 842 975 3,247 3,142
Operating expenses        
Impairment losses 0 (37) 0 (37)
Operating expenses        
Cost of natural gas 92 101 476 660
Operation and maintenance 521 427 1,526 1,291
Depreciation and amortization 165 154 486 449
Franchise fees and other taxes 48 43 142 132
Impairment losses 0 37 0 37
Total operating expenses 826 762 2,630 2,569
Operating income 16 213 617 573
Other income (expense), net (7) 1 21 18
Interest income 0 0 2 1
Interest expense (39) (36) (119) (104)
Income from continuing operations before income taxes and equity earnings (30) 178 521 488
Income tax expense 6 (35) (95) (50)
Net income (24) 143 426 438
Preferred dividends 0 0 (1) (1)
Earnings attributable to common shares $ (24) $ 143 $ 425 $ 437