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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total operating revenue $ 6,229 $ 6,612 $ 12,575 $ 12,642
Cost of sales 1,566 1,525 3,521 2,985
Total operating expenses 5,183 5,405 10,862 10,199
Operating income 1,046 1,207 1,713 2,443
Interest expense (599) (550) (1,185) (1,082)
Allowance for equity funds 61 42 110 80
Interest and dividend income 127 30 213 53
Other, net 78 (26) 118 (21)
Total other income (expense) 3 2,042 315 336
Income (loss) before income tax expense (benefit) and equity income (loss) 1,049 3,249 2,028 2,779
Income tax expense (benefit) (255) 149 (417) (358)
Net income (loss) attributable to parent 1,075 2,897 2,064 2,768
SPPC        
Total operating revenue 337 258 737 537
Operations and maintenance 49 47 105 88
Depreciation and amortization 46 37 92 73
Property and other taxes 6 6 13 12
Total operating expenses 311 235 676 476
Operating income 26 23 61 61
Interest expense (15) (14) (31) (27)
Capitalized interest 3 0 5 1
Allowance for equity funds 3 2 5 4
Interest and dividend income 5 4 12 7
Other, net 1 0 2 2
Total other income (expense) (3) (8) (7) (13)
Income (loss) before income tax expense (benefit) and equity income (loss) 23 15 54 48
Income tax expense (benefit) 3 2 7 7
Net income (loss) attributable to parent 20 13 47 41
SPPC | Regulated electric        
Total operating revenue 293 230 597 457
Cost of sales 179 129 360 253
SPPC | Regulated natural gas        
Total operating revenue 44 28 140 80
Cost of sales $ 31 $ 16 $ 106 $ 50