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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total operating revenue $ 6,612 $ 6,064 $ 12,642 $ 12,145
Cost of sales 1,525 1,110 2,985 2,679
Total operating expenses 5,405 4,856 10,199 9,604
Operating income 1,207 1,208 2,443 2,541
Interest expense (550) (532) (1,082) (1,062)
Allowance for equity funds 42 30 80 56
Interest and dividend income 30 26 53 47
Other, net (26) 48 (21) 56
Total other income (expense) 2,042 1,552 336 (27)
Income (loss) before income tax expense (benefit) and equity income (loss) 3,249 2,760 2,779 2,514
Income tax expense (benefit) 149 327 (358) (208)
Net income (loss) attributable to parent 2,897 2,281 2,768 2,285
SPPC        
Total operating revenue 258 209 537 429
Operations and maintenance 47 41 88 77
Depreciation and amortization 37 36 73 72
Property and other taxes 6 6 12 12
Total operating expenses 235 184 476 365
Operating income 23 25 61 64
Interest expense (14) (13) (27) (27)
Capitalized interest 0 1 1 1
Allowance for equity funds 2 2 4 3
Interest and dividend income 4 1 7 3
Other, net 0 2 2 6
Total other income (expense) (8) (7) (13) (14)
Income (loss) before income tax expense (benefit) and equity income (loss) 15 18 48 50
Income tax expense (benefit) 2 1 7 5
Net income (loss) attributable to parent 13 17 41 45
SPPC | Regulated electric        
Total operating revenue 230 189 457 370
Cost of sales 129 93 253 175
SPPC | Regulated natural gas        
Total operating revenue 28 20 80 59
Cost of sales $ 16 $ 8 $ 50 $ 29