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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total operating revenue $ 6,404 $ 6,229 $ 12,515 $ 12,575
Cost of sales 1,527 1,566 3,197 3,521
Total operating expenses 5,549 5,183 10,765 10,862
Operating income 855 1,046 1,750 1,713
Interest expense (675) (599) (1,366) (1,185)
Allowance for equity funds 92 61 175 110
Interest and dividend income 134 127 250 213
Other, net 25 78 56 118
Total other income (expense) (45) 3 (583) 315
Income before income tax expense (benefit) and equity income (loss) 810 1,049 1,167 2,028
Income tax expense (benefit) (308) (255) (679) (417)
Net income (loss) attributable to parent 954 1,075 1,607 2,064
SPPC        
Total operating revenue 296 337 642 737
Operations and maintenance 59 49 115 105
Depreciation and amortization 47 46 94 92
Property and other taxes 6 6 12 13
Total operating expenses 276 311 603 676
Operating income 20 26 39 61
Interest expense (22) (15) (42) (31)
Capitalized interest 2 3 3 5
Allowance for equity funds 6 3 10 5
Interest and dividend income 5 5 9 12
Other, net 2 1 5 2
Total other income (expense) (7) (3) (15) (7)
Income before income tax expense (benefit) and equity income (loss) 13 23 24 54
Income tax expense (benefit) 1 3 2 7
Net income (loss) attributable to parent 12 20 22 47
SPPC | Regulated electric        
Total operating revenue 262 293 522 597
Cost of sales 142 179 293 360
SPPC | Regulated natural gas        
Total operating revenue 34 44 120 140
Cost of sales $ 22 $ 31 $ 89 $ 106