CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
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Revenues: | ||||
Utility revenues | $ 1,222 | $ 1,177 | $ 2,768 | $ 2,725 |
Non-utility revenues | 921 | 397 | 2,110 | 833 |
Total | 2,143 | 1,574 | 4,878 | 3,558 |
Expenses: | ||||
Utility natural gas | 150 | 126 | 600 | 564 |
Non-utility natural gas | 882 | 370 | 2,011 | 784 |
Operation and maintenance | 535 | 513 | 1,095 | 1,034 |
Depreciation and amortization | 254 | 289 | 480 | 549 |
Taxes other than income taxes | 99 | 94 | 195 | 195 |
Total | 1,920 | 1,392 | 4,381 | 3,126 |
Operating Income | 223 | 182 | 497 | 432 |
Other Income (Expense): | ||||
Gain on marketable securities | 23 | 20 | 67 | 110 |
Loss on indexed debt securities | (13) | (130) | (23) | (186) |
Interest and other finance charges | (77) | (86) | (155) | (173) |
Interest on securitization bonds | (20) | (23) | (40) | (47) |
Equity in earnings of unconsolidated affiliate, net | 59 | 31 | 131 | 91 |
Other, net | 16 | 14 | 33 | 21 |
Total | (12) | (174) | 13 | (184) |
Income Before Income Taxes | 211 | 8 | 510 | 248 |
Income tax expense | 76 | 10 | 183 | 96 |
Net Income (Loss) | $ 135 | $ (2) | $ 327 | $ 152 |
Basic Earnings (Loss) Per Share | $ 0.31 | $ (0.01) | $ 0.76 | $ 0.35 |
Diluted Earnings (Loss) Per Share | 0.31 | (0.01) | 0.75 | 0.35 |
Dividends Declared Per Share | $ 0.2675 | $ 0.2575 | $ 0.5350 | $ 0.5150 |
Weighted Average Shares Outstanding, Basic | 430,996,000 | 430,653,000 | 430,896,000 | 430,530,000 |
Weighted Average Shares Outstanding, Diluted | 433,797,000 | 430,653,000 | 433,697,000 | 432,973,000 |
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- Definition This item represents the net total realized and unrealized gain (loss) included in earnings f or the period related to indexed debt securities. No definition available.
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- Definition Interest and debt related expenses associated with transition and system restoration bonds. 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 Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References 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 Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to 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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- References No definition available.
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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 Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of regulated operating revenues recognized during the period. No definition available.
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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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- References No definition available.
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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 amount of unregulated operating revenues recognized during the period. No definition available.
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- Definition Amount of operating expense for purchased gas and petroleum of regulated operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of operating expenses for the period that are associated with the utility's normal revenue producing operation; including selling, general, and administrative expenses, costs incurred for routine plant repairs and maintenance, and operations. No definition available.
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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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