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CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Utility revenues $ 1,555 $ 1,341 $ 3,716 $ 3,235
Non-utility revenues 1,243 845 2,613 2,106
Total 2,798 2,186 6,329 5,341
Expenses:        
Utility natural gas, fuel and purchased power 264 188 999 825
Non-utility cost of revenues, including natural gas [1] 910 790 2,161 2,063
Operation and maintenance 884 578 1,745 1,147
Depreciation and amortization 340 342 653 656
Taxes other than income taxes 113 101 239 212
Total 2,511 1,999 5,797 4,903
Operating Income 287 187 532 438
Other Income (Expense):        
Gain on marketable securities 64 22 147 23
Loss on indexed debt securities (68) (254) (154) (272)
Interest and other finance charges (134) (91) (255) (169)
Interest on Securitization Bonds (10) (14) (22) (30)
Equity in earnings of unconsolidated affiliates, net 74 58 136 127
Other income (expense), net 11 4 31 7
Total (63) (275) (117) (314)
Income (Loss) Before Income Taxes 224 (88) 415 124
Income tax expense (benefit) 29 (13) 51 34
Net Income (Loss) 195 (75) 364 90
Preferred stock dividend requirement 30 0 59 0
Income (Loss) Available to Common Shareholders $ 165 $ (75) $ 305 $ 90
Basic Earnings (Loss) Per Common Share $ 0.33 $ (0.17) $ 0.61 $ 0.21
Diluted Earnings (Loss) Per Common Share $ 0.33 $ (0.17) $ 0.61 $ 0.21
Weighted Average Common Shares Outstanding, Basic 502,200,000 431,523,000 501,862,000 431,378,000
Weighted Average Common Shares Outstanding, Diluted 504,831,000 431,523,000 504,493,000 434,407,000
Houston Electric [Member]        
Revenues:        
Total $ 765 $ 854 $ 1,451 $ 1,609
Expenses:        
Operation and maintenance 359 351 727 693
Depreciation and amortization 176 262 351 495
Taxes other than income taxes 61 60 123 121
Total 596 673 1,201 1,309
Operating Income 169 181 250 300
Other Income (Expense):        
Interest and other finance charges (42) (36) (82) (69)
Interest on Securitization Bonds (10) (14) (22) (30)
Other income (expense), net 6 (3) 10 (6)
Total (46) (53) (94) (105)
Income (Loss) Before Income Taxes 123 128 156 195
Income tax expense (benefit) 23 27 29 42
Net Income (Loss) 100 101 127 153
CERC Corp [Member]        
Revenues:        
Utility revenues 503 487 1,688 1,630
Non-utility revenues 839 841 2,022 2,098
Total 1,342 1,328 3,710 3,728
Expenses:        
Utility natural gas, fuel and purchased power 190 188 815 825
Non-utility cost of revenues, including natural gas [1] 769 790 1,940 2,063
Operation and maintenance 211 217 461 455
Depreciation and amortization 76 72 153 145
Taxes other than income taxes 38 39 87 87
Total 1,284 1,306 3,456 3,575
Operating Income 58 22 254 153
Other Income (Expense):        
Interest and other finance charges (30) (33) (59) (62)
Other income (expense), net 0 (1) (3) (5)
Total (30) (34) (62) (67)
Income (Loss) Before Income Taxes 28 (12) 192 86
Income tax expense (benefit) 0 (4) 26 16
Income (Loss) From Continuing Operations 28 (8) 166 70
Income from discontinued operations (net of tax of $-0-, $14, $-0- and $31, respectively) 0 44 0 96
Net Income (Loss) $ 28 $ 36 $ 166 $ 166
[1]
Income statement impact associated with cash flow hedge activity is related to gains and losses reclassified from Accumulated other comprehensive income into income. Amounts are immaterial for each Registrant in the three and six months ended June 30, 2019 and 2018, respectively.