XML 21 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Utility revenues $ 1,862 $ 1,652 $ 4,571 $ 4,136
Non-utility revenues 82 90 136 153
Total 1,944 1,742 4,707 4,289
Expenses:        
Utility natural gas, fuel and purchased power 413 258 1,511 1,193
Non-utility cost of revenues, including natural gas 56 58 91 98
Operation and maintenance 662 677 1,350 1,346
Depreciation and amortization 327 327 645 634
Taxes other than income taxes 135 126 282 269
Total 1,593 1,446 3,879 3,540
Operating Income 351 296 828 749
Other Income (Expense):        
Gain (loss) on equity securities (61) 75 (78) 52
Gain (loss) on indexed debt securities 65 (77) 171 (51)
Gain on sale 0 0 303 0
Interest expense and other finance charges (106) (126) (259) (266)
Interest expense on Securitization Bonds (4) (5) (8) (11)
Other income (expense), net (1) 18 17 37
Total (107) (115) 146 (239)
Income from Continuing Operations Before Income Taxes 244 181 974 510
Income tax expense (benefit) 54 (19) 253 30
Income from Continuing Operations 190 200 721 480
Income from Discontinued Operations (net of tax expense of $-0-, $16, $-0- and $41, respectively) 0 51 0 134
Net Income 190 251 721 614
Income allocated to preferred shareholders 11 30 24 59
Income Available to Common Shareholders $ 179 $ 221 $ 697 $ 555
Basic Earnings (Loss) Per Common Share [Abstract]        
Basic earnings per common share - continuing operations (in dollars per share) $ 0.28 $ 0.29 $ 1.11 $ 0.74
Basic earnings per common share - discontinued operations (in dollars per share) 0 0.09 0 0.24
Basic Earnings Per Common Share (in dollars per share) 0.28 0.38 1.11 0.98
Diluted Earnings (Loss) Per Common Share [Abstract]        
Diluted earnings per common share - continuing operations (in dollars per share) 0.28 0.29 1.10 0.71
Diluted earnings (loss) per common share - discontinued operations (in dollars per share) 0 0.08 0 0.22
Diluted Earnings Per Common Share (in dollars per share) $ 0.28 $ 0.37 $ 1.10 $ 0.93
Weighted Average Number of Shares Outstanding, Basic (in shares) 629,475 585,720 629,306 568,728
Weighted Average Number of Shares Outstanding, Diluted (in shares) 631,663 596,330 631,494 596,130