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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Natural gas $ 1,587 $ 1,255 $ 5,611 $ 4,310
Electric 1,357 1,305 3,663 3,529
Energy-related businesses 673 453 1,710 1,174
Total revenues 3,617 3,013 10,984 9,013
Operating expenses        
Operation and maintenance (1,206) (1,073) (3,454) (3,098)
Aliso Canyon litigation and regulatory matters (122) (1,571) (259) (1,571)
Depreciation and amortization (506) (471) (1,500) (1,376)
Franchise fees and other taxes (162) (151) (474) (442)
Other (expense) income, net (40) (55) (3) 52
Interest income 18 16 58 50
Interest expense (282) (259) (796) (776)
Income (loss) before income taxes and equity earnings 165 (1,365) 1,194 (316)
Income tax (expense) benefit (21) 342 (435) 45
Equity earnings 417 391 1,118 1,022
Net income (loss) 561 (632) 1,877 751
Earnings attributable to noncontrolling interests (65) (5) (187) (48)
Preferred dividends (11) (11) (33) (52)
Preferred dividends of subsidiary 0 0 (1) (1)
Earnings (losses) attributable to common shares $ 485 $ (648) $ 1,656 $ 650
Basic EPS:        
Earnings (in dollars per share) $ 1.54 $ (2.03) $ 5.25 $ 2.10
Weighted-average common shares outstanding (in shares) 314,724 319,144 315,301 309,350
Diluted EPS:        
Earnings (in dollars per share) $ 1.53 $ (2.03) $ 5.23 $ 2.09
Weighted-average common shares outstanding (in shares) 316,087 319,144 316,457 310,854
Natural gas        
Operating expenses        
Operating expenses $ (505) $ (282) $ (1,835) $ (892)
Electric fuel and purchased power        
Operating expenses        
Operating expenses (307) (312) (763) (828)
Energy-related businesses        
Operating expenses        
Operating expenses $ (340) $ (220) $ (764) $ (448)