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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING REVENUES      
Total operating revenues $ 13,676 $ 12,246 $ 12,574
OPERATING EXPENSES      
Depreciation and amortization 2,032 1,920 1,684
Taxes, other than income taxes 2,810 2,575 2,406
TOTAL OPERATING EXPENSES 10,850 9,592 9,898
OPERATING INCOME 2,826 2,654 2,676
OTHER INCOME (DEDUCTIONS)      
Investment income (loss) (420) (214) 96
Other income 22 23 45
Allowance for equity funds used during construction 21 17 14
Other deductions (161) (227) (104)
TOTAL OTHER INCOME (DEDUCTIONS) (538) (401) 51
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 2,288 2,253 2,727
INTEREST EXPENSE      
Interest on long-term debt 930 915 888
Other interest (14) 118 116
Allowance for borrowed funds used during construction (11) (14) (13)
NET INTEREST EXPENSE 905 1,019 991
INCOME BEFORE INCOME TAX EXPENSE 1,383 1,234 1,736
INCOME TAX EXPENSE 190 90 296
NET INCOME 1,193 1,144 1,440
(Loss) Income attributable to non-controlling interest (153) 43 97
NET INCOME FOR COMMON STOCK $ 1,346 $ 1,101 $ 1,343
Net income per common share — basic (in dollars per share) $ 3.86 $ 3.29 $ 4.09
Net income per common share — diluted (in dollars per share) $ 3.85 $ 3.28 $ 4.08
AVERAGE NUMBER OF SHARES OUTSTANDING — BASIC (in shares) 348.4 334.8 328.5
AVERAGE NUMBER OF SHARES OUTSTANDING — DILUTED (in shares) 349.4 335.7 329.5
CECONY      
OPERATING REVENUES      
Total operating revenues $ 11,716 $ 10,647 $ 10,821
OPERATING EXPENSES      
Depreciation and amortization 1,705 1,598 1,373
Taxes, other than income taxes 2,696 2,456 2,295
TOTAL OPERATING EXPENSES 9,256 8,337 8,473
OPERATING INCOME 2,460 2,310 2,348
OTHER INCOME (DEDUCTIONS)      
Investment income (loss) 16 19 40
Allowance for equity funds used during construction 19 14 12
Other deductions (143) (204) (87)
TOTAL OTHER INCOME (DEDUCTIONS) (108) (171) (35)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 2,352 2,139 2,313
INTEREST EXPENSE      
Interest on long-term debt 759 718 672
Other interest 13 33 67
Allowance for borrowed funds used during construction (10) (12) (11)
NET INTEREST EXPENSE 762 739 728
INCOME BEFORE INCOME TAX EXPENSE 1,590 1,400 1,585
INCOME TAX EXPENSE 246 215 335
NET INCOME FOR COMMON STOCK 1,344 1,185 1,250
Electric      
OPERATING REVENUES      
Total operating revenues 9,485 8,730 8,694
Electric | CECONY      
OPERATING REVENUES      
Total operating revenues 8,806 8,103 8,062
Gas      
OPERATING REVENUES      
Total operating revenues 2,638 2,269 2,391
OPERATING EXPENSES      
Operating costs 690 527 880
Gas | CECONY      
OPERATING REVENUES      
Total operating revenues 2,378 2,036 2,132
OPERATING EXPENSES      
Operating costs 541 426 606
Steam      
OPERATING REVENUES      
Total operating revenues 532 508 627
Steam | CECONY      
OPERATING REVENUES      
Total operating revenues 532 508 627
Non-utility      
OPERATING REVENUES      
Total operating revenues 1,021 739 862
Purchased power      
OPERATING EXPENSES      
Operating costs 1,835 1,600 1,546
Purchased power | CECONY      
OPERATING EXPENSES      
Operating costs 1,633 1,432 1,357
Fuel      
OPERATING EXPENSES      
Operating costs 229 156 207
Fuel | CECONY      
OPERATING EXPENSES      
Operating costs 229 156 207
Other operations and maintenance      
OPERATING EXPENSES      
Operating costs 3,254 2,814 3,175
Other operations and maintenance | CECONY      
OPERATING EXPENSES      
Operating costs $ 2,452 $ 2,269 $ 2,635