XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Income Statement (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
OPERATING REVENUES        
Electric $ 2,134 $ 2,018 $ 4,372 $ 3,977
Gas 395 366 1,277 1,108
Steam 98 118 439 450
Non-utility 284 316 612 468
TOTAL OPERATING REVENUES 2,911 2,818 6,700 6,003
OPERATING EXPENSES        
Purchased power 783 768 1,746 1,475
Fuel 34 58 189 205
Gas purchased for resale 151 118 551 368
Other operations and maintenance 801 776 1,627 1,606
Depreciation and amortization 265 255 526 506
Taxes, other than income taxes 467 457 966 931
TOTAL OPERATING EXPENSES 2,501 2,432 5,605 5,091
Gain on sale of solar energy projects 45   45  
OPERATING INCOME 455 386 1,140 912
OTHER INCOME (DEDUCTIONS)        
Investment and other income 14 7 25 10
Allowance for equity funds used during construction 1 1 3 1
Other deductions (6) (6) (8) (8)
TOTAL OTHER INCOME (DEDUCTIONS) 9 2 20 3
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 464 388 1,160 915
INTEREST EXPENSE        
Interest on long-term debt 147 145 293 288
Other interest 4 6 (5) 142
Allowance for borrowed funds used during construction (1)   (2) (1)
NET INTEREST EXPENSE 150 151 286 429
INCOME BEFORE INCOME TAX EXPENSE 314 237 874 486
INCOME TAX EXPENSE 102 65 300 122
NET INCOME FOR COMMON STOCK 212 172 574 364
Net income for common stock per common share - basic $ 0.73 $ 0.59 $ 1.96 $ 1.24
Net income for common stock per common share - diluted $ 0.72 $ 0.59 $ 1.95 $ 1.24
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0.630 $ 0.615 $ 1.260 $ 1.230
AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC (IN MILLIONS) 292.9 292.9 292.9 292.9
AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED (IN MILLIONS) 294.0 294.3 294.0 294.3
CECONY [Member]
       
OPERATING REVENUES        
Electric 1,978 1,872 4,053 3,686
Gas 360 331 1,149 991
Steam 98 118 439 450
TOTAL OPERATING REVENUES 2,436 2,321 5,641 5,127
OPERATING EXPENSES        
Purchased power 517 469 1,135 924
Fuel 34 58 189 205
Gas purchased for resale 104 98 451 317
Other operations and maintenance 699 676 1,424 1,417
Depreciation and amortization 247 235 486 468
Taxes, other than income taxes 449 439 926 890
TOTAL OPERATING EXPENSES 2,050 1,975 4,611 4,221
OPERATING INCOME 386 346 1,030 906
OTHER INCOME (DEDUCTIONS)        
Investment and other income 1 3 8 5
Allowance for equity funds used during construction 1   1 1
Other deductions (5) (5) (7) (7)
TOTAL OTHER INCOME (DEDUCTIONS) (3) (2) 2 (1)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 383 344 1,032 905
INTEREST EXPENSE        
Interest on long-term debt 130 129 258 256
Other interest 3 5 7 11
Allowance for borrowed funds used during construction     (1) (1)
NET INTEREST EXPENSE 133 134 264 266
INCOME BEFORE INCOME TAX EXPENSE 250 210 768 639
INCOME TAX EXPENSE 78 57 262 209
NET INCOME FOR COMMON STOCK $ 172 $ 153 $ 506 $ 430