XML 66 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (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 Revenue $ 2,813 $ 2,980 $ 6,443 $ 6,503
Operating Expenses        
Electric fuel and other energy-related purchases 633 875 1,967 1,826
Purchased electric capacity 87 88 175 176
Purchased gas 324 297 864 764
Other operations and maintenance 933 728 1,358 1,351
Depreciation, depletion and amortization 308 303 616 600
Other taxes 134 141 301 308
Total operating expenses 2,419 2,432 5,281 5,025
Income from operations 394 548 1,162 1,478
Other income 57 49 97 136
Interest and related charges 227 203 464 431
Income from continuing operations including noncontrolling interests before income tax expense 224 394 795 1,183
Income tax expense 63 116 249 404
Income from continuing operations including noncontrolling interests 161 278 546 779
Loss from discontinued operations 0 [1] (70) [1] 0 [1] (69) [1]
Net Income Including Noncontrolling Interests 161 208 546 710
Noncontrolling Interests 2 6 8 13
Net Income Attributable to Dominion 159 202 538 697 [2]
Amounts Attributable to Dominion:        
Income from continuing operations, net of tax 159 272 538 766
Loss from discontinued operations, net of tax 0 (70) 0 (69)
Earnings Per Common Share-Basic        
Income from continuing operations (dollars per share) $ 0.27 $ 0.47 $ 0.92 $ 1.33
Loss from discontinued operations (dollars per share) $ 0.00 $ (0.12) $ 0.00 $ (0.12)
Earnings Per Common Share - Basic (dollars per share) $ 0.27 $ 0.35 $ 0.92 $ 1.21
Earnings Per Common Share-Diluted        
Income from continuing operations (dollars per share) $ 0.27 $ 0.47 $ 0.92 $ 1.33
Income from discontinued operations (dollars per share) $ 0.00 $ (0.12) $ 0.00 $ (0.12)
Net income attributable to Dominion (dollars per share) $ 0.27 $ 0.35 $ 0.92 $ 1.21
Dividends declared per common share (dollars per share) $ 0.6000 $ 0.5625 $ 1.2000 $ 1.1250
Virginia Electric and Power Company
       
Operating Revenue 1,729 [3] 1,710 [3] 3,712 [3] 3,491 [3]
Operating Expenses        
Electric fuel and other energy-related purchases 518 [3] 528 [3] 1,168 [3] 1,098 [3]
Purchased electric capacity 87 88 175 176
Affiliated suppliers 70 81 141 155
Other 563 274 833 519
Depreciation, depletion and amortization 217 211 435 418
Other taxes 69 65 142 132
Total operating expenses 1,524 1,247 2,894 2,498
Income from operations 205 463 818 993
Other income 21 27 36 52
Interest and related charges 103 84 210 177
Income from continuing operations including noncontrolling interests before income tax expense 123 406 644 868
Income tax expense 54 141 251 316
Net Income Attributable to Dominion 69 265 393 552
Amounts Attributable to Dominion:        
Preferred dividends 2 4 8 8
Balance available for common stock 67 261 385 544
Dominion Gas Holdings, LLC
       
Operating Revenue 428 [4] 430 [4] 997 [4] 1,016 [4]
Operating Expenses        
Purchased gas 76 [4] 63 [4] 213 [4] 177 [4]
Other energy-related purchases 5 18 21 40
Affiliated suppliers 16 17 37 39
Other 93 [5] 161 [5] 125 [5] 269 [5]
Depreciation, depletion and amortization 49 50 96 99
Other taxes 35 33 86 80
Total operating expenses 274 342 578 704
Income from operations 154 88 419 312
Other income 5 3 13 14
Interest and related charges 6 [4] 6 [4] 12 [4] 13 [4]
Income from continuing operations including noncontrolling interests before income tax expense 153 85 420 313
Income tax expense 60 32 163 122
Net Income Attributable to Dominion $ 93 $ 53 $ 257 $ 191
[1] Includes income tax benefit of $49 million for both the three and six months ended June 30, 2013.
[2] Net of $47 million and $(76) million tax for the three months ended June 30, 2014 and 2013, respectively, and net of $126 million and $(22) million for the six months ended June 30, 2014 and 2013, respectively.
[3] See Note 17 for amounts attributable to affiliates.
[4] See Note 17 for amounts attributable to related parties.
[5] Includes gains on the sales of assets to an affiliate of $59 million and $25 million for the six months ended June 30, 2014 and 2013, respectively. See Note 10 for more information.