XML 49 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
OPERATING REVENUES        
Electric $ 2,762 $ 2,786 $ 6,937 $ 7,158
Gas 237 237 1,293 1,514
Steam 58 46 529 485
Non-utility 386 321 1,088 934
TOTAL OPERATING REVENUES 3,443 3,390 9,847 10,091
OPERATING EXPENSES        
Purchased power 860 875 2,404 2,621
Fuel 31 41 216 231
Gas purchased for resale 64 76 415 627
Other operations and maintenance 869 857 2,485 2,483
Depreciation and amortization 285 270 840 796
Taxes, other than income taxes 504 452 1,459 1,419
TOTAL OPERATING EXPENSES 2,613 2,571 7,819 8,177
Gain on sale of solar electric production projects 0 0 0 45
OPERATING INCOME 830 819 2,028 1,959
OTHER INCOME (DEDUCTIONS)        
Investment and other income 12 28 31 53
Allowance for equity funds used during construction 1 1 3 4
Other deductions (4) (3) (11) (12)
TOTAL OTHER INCOME 9 26 23 45
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 839 845 2,051 2,004
INTEREST EXPENSE        
Interest on long-term debt 157 145 469 438
Other interest (income) 6 5 19 (1)
Allowance for borrowed funds used during construction (1) 0 (2) (2)
NET INTEREST EXPENSE 162 150 486 435
INCOME BEFORE INCOME TAX EXPENSE 677 695 1,565 1,569
INCOME TAX EXPENSE 249 259 548 559
NET INCOME FOR COMMON STOCK $ 428 $ 436 $ 1,017 $ 1,010
Net income for common stock per common share-basic (dollars per share) $ 1.46 $ 1.49 $ 3.47 $ 3.45
Net income for common stock per common share-diluted (dollars per share) 1.45 1.48 3.46 3.44
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK (dollars per share) $ 0.65 $ 0.630 $ 1.95 $ 1.890
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (IN MILLIONS) (shares) 292.9 292.9 292.9 292.9
AVERAGE NUMBER OF SHARES OUTSTANDING-DILUTED (IN MILLIONS) (shares) 294.2 294.0 294.2 294.0
CECONY        
OPERATING REVENUES        
Electric $ 2,558 $ 2,582 $ 6,416 $ 6,635
Gas 213 210 1,177 1,359
Steam 58 46 529 485
TOTAL OPERATING REVENUES 2,829 2,838 8,122 8,479
OPERATING EXPENSES        
Purchased power 526 573 1,423 1,707
Fuel 31 42 216 231
Gas purchased for resale 30 36 282 487
Other operations and maintenance 750 748 2,140 2,172
Depreciation and amortization 262 250 773 737
Taxes, other than income taxes 485 433 1,399 1,359
TOTAL OPERATING EXPENSES 2,084 2,082 6,233 6,693
OPERATING INCOME 745 756 1,889 1,786
OTHER INCOME (DEDUCTIONS)        
Investment and other income (1) 12 3 20
Allowance for equity funds used during construction 1 1 3 3
Other deductions (3) (3) (10) (10)
TOTAL OTHER INCOME (3) 10 (4) 13
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 742 766 1,885 1,799
INTEREST EXPENSE        
Interest on long-term debt 141 130 423 388
Other interest 5 4 14 11
Allowance for borrowed funds used during construction (1) 0 (2) (1)
NET INTEREST EXPENSE 145 134 435 398
INCOME BEFORE INCOME TAX EXPENSE 597 632 1,450 1,401
INCOME TAX EXPENSE 222 233 515 496
NET INCOME FOR COMMON STOCK $ 375 $ 399 $ 935 $ 905