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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues:      
Natural gas $ 9,495 $ 7,868 $ 6,333
Electric 4,334 4,783 4,658
Energy-related businesses 2,891 1,788 1,866
Total revenues 16,720 14,439 12,857
EXPENSES AND OTHER INCOME      
Operation and maintenance (5,459) (4,746) (4,341)
Aliso Canyon litigation and regulatory matters 0 (259) (1,593)
Depreciation and amortization (2,227) (2,019) (1,855)
Franchise fees and other taxes (677) (635) (596)
Gain on sale of assets 1 0 36
Other income, net 131 24 58
Interest income 89 75 69
Interest expense (1,309) (1,054) (1,198)
Income before income taxes and equity earnings 2,627 1,343 219
Income tax expense (490) (556) (99)
Equity earnings 1,481 1,498 1,343
Net income 3,618 2,285 1,463
Earnings attributable to noncontrolling interests (543) (146) (145)
Preferred dividends (44) (44) (63)
Preferred dividends of subsidiary (1) (1) (1)
Earnings attributable to common shares $ 3,030 $ 2,094 $ 1,254
Basic EPS:      
Earnings $ 4.81 $ 3.32 $ 2.01
Weighted-average number of shares outstanding (in shares) 630,296 630,318 623,510
Diluted EPS:      
Earnings $ 4.79 $ 3.31 $ 2.01
Weighted Average Common Shares Outstanding 632,733 632,757 626,073
Cost of natural gas      
EXPENSES AND OTHER INCOME      
Operating expenses $ (3,719) $ (2,603) $ (1,597)
Cost of electric fuel and purchased power      
EXPENSES AND OTHER INCOME      
Operating expenses (375) (937) (1,010)
Energy-related businesses cost of sales      
EXPENSES AND OTHER INCOME      
Operating expenses $ (548) $ (942) $ (611)