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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
OPERATING REVENUES        
Total operating revenues $ 2,744 $ 2,696 $ 6,258 $ 6,060
OPERATING EXPENSES        
Depreciation and amortization 418 354 831 702
Taxes, other than income taxes 578 540 1,183 1,110
TOTAL OPERATING EXPENSES 2,286 2,270 5,014 4,880
OPERATING INCOME 458 426 1,244 1,180
OTHER INCOME (DEDUCTIONS)        
Investment income 22 36 45 57
Other income 4 6 15 11
Allowance for equity funds used during construction 4 3 7 7
Other deductions (27) (48) (50) (92)
TOTAL OTHER INCOME (DEDUCTIONS) 3 (3) 17 (17)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 461 423 1,261 1,163
INTEREST EXPENSE        
Interest on long-term debt 219 190 440 380
Other interest 47 9 77 16
Allowance for borrowed funds used during construction (3) (2) (7) (5)
NET INTEREST EXPENSE 263 197 510 391
INCOME BEFORE INCOME TAX EXPENSE 198 226 751 772
INCOME TAX EXPENSE 19 38 127 156
NET INCOME 179 188 624 616
Income attributable to non-controlling interest 27 0 48 0
NET INCOME FOR COMMON STOCK $ 152 $ 188 $ 576 $ 616
Net income per common share - basic (dollars per share) $ 0.46 $ 0.60 $ 1.77 $ 1.98
Net income per common share - diluted (dollars per share) $ 0.46 $ 0.60 $ 1.77 $ 1.98
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 328.3 310.8 325.2 310.6
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 329.2 311.9 326.1 311.7
Electric        
OPERATING REVENUES        
Total operating revenues $ 1,971 $ 1,951 $ 3,912 $ 3,828
Gas        
OPERATING REVENUES        
Total operating revenues 449 489 1,484 1,428
OPERATING EXPENSES        
Operating costs 131 194 573 572
Steam        
OPERATING REVENUES        
Total operating revenues 90 96 411 410
Non-utility        
OPERATING REVENUES        
Total operating revenues 234 160 451 394
Power        
OPERATING EXPENSES        
Operating costs 352 388 719 742
Fuel        
OPERATING EXPENSES        
Operating costs 26 38 133 162
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 781 756 1,575 1,592
CECONY        
OPERATING REVENUES        
Total operating revenues 2,331 2,338 5,371 5,222
OPERATING EXPENSES        
Depreciation and amortization 339 316 673 626
Taxes, other than income taxes 550 512 1,125 1,051
TOTAL OPERATING EXPENSES 1,955 1,956 4,270 4,135
OPERATING INCOME 376 382 1,101 1,087
OTHER INCOME (DEDUCTIONS)        
Investment income 4 4 13 8
Allowance for equity funds used during construction 3 3 6 6
Other deductions (22) (42) (41) (81)
TOTAL OTHER INCOME (DEDUCTIONS) (15) (35) (22) (67)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 361 347 1,079 1,020
INTEREST EXPENSE        
Interest on long-term debt 165 162 334 324
Other interest 19 7 36 12
Allowance for borrowed funds used during construction (2) (2) (6) (4)
NET INTEREST EXPENSE 182 167 364 332
INCOME BEFORE INCOME TAX EXPENSE 179 180 715 688
INCOME TAX EXPENSE 27 31 151 150
NET INCOME FOR COMMON STOCK 152 149 564 538
CECONY | Electric        
OPERATING REVENUES        
Total operating revenues 1,833 1,807 3,630 3,536
CECONY | Gas        
OPERATING REVENUES        
Total operating revenues 408 435 1,330 1,276
OPERATING EXPENSES        
Operating costs 76 118 393 391
CECONY | Steam        
OPERATING REVENUES        
Total operating revenues 90 96 411 410
CECONY | Power        
OPERATING EXPENSES        
Operating costs 313 343 635 645
CECONY | Fuel        
OPERATING EXPENSES        
Operating costs 26 38 133 162
CECONY | Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 651 $ 629 $ 1,311 $ 1,260