XML 27 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Utility revenues $ 1,652 $ 1,476 $ 4,136 $ 3,549
Non-utility revenues 90 99 153 193
Total 1,742 1,575 4,289 3,742
Expenses:        
Utility natural gas, fuel and purchased power 258 202 1,193 811
Non-utility cost of revenues, including natural gas 58 69 98 133
Operation and maintenance 677 643 1,346 1,317
Depreciation and amortization 327 297 634 579
Taxes other than income taxes 126 129 269 265
Goodwill impairment 0 0 0 185
Total 1,446 1,340 3,540 3,290
Operating Income 296 235 749 452
Other Income (Expense):        
Gain (loss) on marketable securities 75 75 52 (69)
Gain (loss) on indexed debt securities (77) (76) (51) 59
Interest expense and other finance charges (119) (128) (232) (267)
Interest expense on Securitization Bonds (5) (7) (11) (15)
Equity in earnings (loss) of unconsolidated affiliates, net 67 43 175 (1,432)
Other income, net 11 22 3 36
Total (48) (71) (64) (1,688)
Income (Loss) from Continuing Operations Before Income Taxes 248 164 685 (1,236)
Income tax expense (benefit) (3) 29 71 (318)
Income (Loss) from Continuing Operations 251 135 614 (918)
Net loss from discontinued operations 0 (30) 0 (176)
Net Income (Loss) 251 105 614 (1,094)
Income allocated to preferred shareholders 30 46 59 75
Income (Loss) Available to Common Shareholders $ 221 $ 59 $ 555 $ (1,169)
Basic Earnings (Loss) Per Common Share [Abstract]        
Basic earnings (loss) per common share - continuing operations (in dollars per share) $ 0.38 $ 0.17 $ 0.98 $ (1.93)
Basic earnings (loss) per common share - discontinued operations (in dollars per share) 0 (0.06) 0 (0.34)
Basic Earnings (Loss) Per Common Share (in dollars per share) 0.38 0.11 0.98 (2.27)
Diluted Earnings (Loss) Per Common Share [Abstract]        
Diluted earnings (loss) per common share - continuing operations (in dollars per share) 0.37 0.17 0.93 (1.93)
Diluted earnings (loss) per common share - discontinued operations (in dollars per share) 0 (0.06) 0 (0.34)
Diluted Earnings (Loss) Per Common Share (in dollars per share) $ 0.37 $ 0.11 $ 0.93 $ (2.27)
Weighted Average Common Shares Outstanding, Basic 585,720,000 528,066,000 568,728,000 515,227,000
Weighted Average Common Shares Outstanding, Diluted 596,330,000 530,837,000 596,130,000 515,227,000
Houston Electric        
Revenues:        
Total $ 786 $ 720 $ 1,470 $ 1,354
Expenses:        
Operation and maintenance 390 364 763 723
Depreciation and amortization 161 140 302 269
Taxes other than income taxes 65 64 128 128
Total 616 568 1,193 1,120
Operating Income 170 152 277 234
Other Income (Expense):        
Interest expense and other finance charges (47) (43) (92) (84)
Interest expense on Securitization Bonds (5) (7) (11) (15)
Other income, net 3 1 8 6
Total (49) (49) (95) (93)
Income (Loss) from Continuing Operations Before Income Taxes 121 103 182 141
Income tax expense (benefit) 18 16 26 21
Net Income (Loss) 103 87 156 120
CERC Corp        
Revenues:        
Utility revenues 549 467 1,717 1,463
Non-utility revenues 25 16 34 31
Total 574 483 1,751 1,494
Expenses:        
Utility natural gas, fuel and purchased power 182 137 805 609
Non-utility cost of revenues, including natural gas 10 7 12 13
Operation and maintenance 194 179 392 388
Depreciation and amortization 80 74 160 148
Taxes other than income taxes 44 44 100 94
Total 510 441 1,469 1,252
Operating Income 64 42 282 242
Other Income (Expense):        
Interest expense and other finance charges (25) (29) (49) (59)
Other income, net 1 0 0 (4)
Total (24) (29) (49) (63)
Income (Loss) from Continuing Operations Before Income Taxes 40 13 233 179
Income tax expense (benefit) (18) (4) 24 31
Income (Loss) from Continuing Operations 58 17 209 148
Net loss from discontinued operations 0 (4) 0 (68)
Net Income (Loss) $ 58 $ 13 $ 209 $ 80