XML 30 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING REVENUES      
Electric $ 8,741 $ 8,832 $ 9,114
Gas 1,692 1,709 1,933
Steam 551 629 628
Non-utility 1,091 1,384 1,244
TOTAL OPERATING REVENUES 12,075 12,554 12,919
OPERATING EXPENSES      
Purchased power 2,439 2,973 3,417
Fuel 172 248 285
Gas purchased for resale 477 495 811
Other operations and maintenance 3,269 3,344 3,294
Depreciation and amortization 1,216 1,130 1,071
Taxes, other than income taxes 2,031 1,937 1,877
TOTAL OPERATING EXPENSES 9,604 10,127 10,755
Gain on sale of retail electric supply business and solar electric production projects 104 0 45
OPERATING INCOME 2,575 2,427 2,209
OTHER INCOME (DEDUCTIONS)      
Investment and other income 91 35 54
Allowance for equity funds used during construction 10 5 2
Other deductions (37) (16) (14)
TOTAL OTHER INCOME (DEDUCTIONS) 64 24 42
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 2,639 2,451 2,251
INTEREST EXPENSE      
Interest on long-term debt 678 632 587
Other interest 24 24 5
Allowance for borrowed funds used during construction (6) (3) (1)
NET INTEREST EXPENSE 696 653 591
INCOME BEFORE INCOME TAX EXPENSE 1,943 1,798 1,660
INCOME TAX EXPENSE 698 605 568
NET INCOME $ 1,245 $ 1,193 $ 1,092
Net income per common share — basic (dollars per share) $ 4.15 $ 4.07 $ 3.73
Net income per common share — diluted (dollars per share) 4.12 4.05 3.71
DIVIDENDS DECLARED PER COMMON SHARE (dollars per share) $ 2.68 $ 2.60 $ 2.52
AVERAGE NUMBER OF SHARES OUTSTANDING — BASIC (IN MILLIONS) 300.4 293.0 292.9
AVERAGE NUMBER OF SHARES OUTSTANDING — DILUTED (IN MILLIONS) 301.9 294.4 294.0
CECONY      
OPERATING REVENUES      
Electric $ 8,106 $ 8,172 $ 8,437
Gas 1,508 1,527 1,721
Steam 551 629 628
TOTAL OPERATING REVENUES 10,165 10,328 10,786
OPERATING EXPENSES      
Purchased power 1,568 1,719 2,091
Fuel 172 248 285
Gas purchased for resale 319 337 609
Other operations and maintenance 2,806 2,881 2,873
Depreciation and amortization 1,106 1,040 991
Taxes, other than income taxes 1,932 1,856 1,798
TOTAL OPERATING EXPENSES 7,903 8,081 8,647
OPERATING INCOME 2,262 2,247 2,139
OTHER INCOME (DEDUCTIONS)      
Investment and other income 8 5 22
Allowance for equity funds used during construction 8 4 1
Other deductions (16) (14) (12)
TOTAL OTHER INCOME (DEDUCTIONS) 0 (5) 11
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 2,262 2,242 2,150
INTEREST EXPENSE      
Interest on long-term debt 588 567 523
Other interest 19 19 15
Allowance for borrowed funds used during construction (4) (2) (1)
NET INTEREST EXPENSE 603 584 537
INCOME BEFORE INCOME TAX EXPENSE 1,659 1,658 1,613
INCOME TAX EXPENSE 603 574 555
NET INCOME $ 1,056 $ 1,084 $ 1,058