Condensed Statements of Consolidated Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
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Jun. 30, 2013
|
|
Revenues | $ 1,884 | $ 1,894 | $ 5,047 | $ 4,282 |
Expenses: | ||||
Natural gas | 880 | 880 | 2,923 | 2,104 |
Operation and maintenance | 469 | 446 | 948 | 930 |
Depreciation and amortization | 256 | 253 | 491 | 493 |
Taxes other than income taxes | 93 | 92 | 204 | 200 |
Total | 1,698 | 1,671 | 4,566 | 3,727 |
Operating Income | 186 | 223 | 481 | 555 |
Other Income (Expense): | ||||
Gain on marketable securities | 72 | 30 | 42 | 104 |
Loss on indexed debt securities | (50) | (27) | (7) | (78) |
Interest and other finance charges | (89) | (85) | (173) | (183) |
Interest on transition and system restoration bonds | (30) | (34) | (60) | (69) |
Equity in earnings of unconsolidated affiliates, net | 71 | 37 | 162 | 42 |
Other, net | 9 | 0 | 18 | 6 |
Total | (17) | (79) | (18) | (178) |
Income Before Income Taxes | 169 | 144 | 463 | 377 |
Income tax expense | 62 | 244 | 171 | 330 |
Net Income (Loss) | $ 107 | $ (100) | $ 292 | $ 47 |
Basic Earnings (Loss) Per Share | $ 0.25 | $ (0.23) | $ 0.68 | $ 0.11 |
Diluted Earnings (Loss) Per Share | $ 0.25 | $ (0.23) | $ 0.68 | $ 0.11 |
Dividends Declared Per Share | $ 0.2375 | $ 0.2075 | $ 0.4750 | $ 0.4150 |
Weighted Average Shares Outstanding, Basic | 429,773,000 | 428,571,000 | 429,470,000 | 428,268,000 |
Weighted Average Shares Outstanding, Diluted | 431,409,000 | 430,554,000 | 431,106,000 | 430,246,000 |
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- Definition
Gain (loss) on Indexed Debt Securities. No definition available.
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- Definition
Interest on Transition and System Restoration Bonds. No definition available.
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- Definition
The amount of operating expense for the period for recurring costs associated with normal operations including general and administrative expenses, and routine plant mainentnance and repairs. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost of natural gas purchased and associated transportation and storage costs during the period. No definition available.
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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