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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenue $ 2,971 $ 3,050 $ 9,127 $ 9,493
Operating Expenses        
Electric fuel and other energy-related purchases 636 743 2,180 2,710
Purchased electric capacity 75 86 259 261
Purchased gas 85 209 446 1,073
Other operations and maintenance 564 614 1,875 1,972
Depreciation, depletion and amortization 355 354 1,037 970
Other taxes 133 123 432 424
Total operating expenses 1,848 2,129 6,229 7,410
Income from operations 1,123 921 2,898 2,083
Other income 11 69 127 166
Interest and related charges 230 231 674 695
Income from operations including noncontrolling interests before income tax expense 904 759 2,351 1,554
Income tax expense 305 228 794 477
Net Income Including Noncontrolling Interests 599 531 1,557 1,077
Noncontrolling Interests 6 2 15 10
Net Income Attributable to Dominion $ 593 $ 529 $ 1,542 $ 1,067
Earnings Per Common Share        
Net income attributable to Dominion - Basic (in dollars per share) $ 1.00 $ 0.91 $ 2.61 $ 1.83
Net income attributable to Dominion - Diluted (in dollars per share) 1.00 0.90 2.60 1.83
Dividends declared per common share (dollars per share) $ 0.6475 $ 0.6000 $ 1.9425 $ 1.80
Virginia Electric and Power Company        
Operating Revenue [1] $ 2,058 $ 2,053 $ 6,008 $ 5,765
Operating Expenses        
Electric fuel and other energy-related purchases [1] 554 649 1,861 1,817
Purchased electric capacity 75 86 259 261
Affiliated suppliers 64 70 208 211
Other 311 331 1,008 1,164
Depreciation, depletion and amortization 244 260 713 695
Other taxes 69 63 212 205
Total operating expenses 1,317 1,459 4,261 4,353
Income from operations 741 594 1,747 1,412
Other income 13 24 49 60
Interest and related charges 116 101 332 311
Income from operations including noncontrolling interests before income tax expense 638 517 1,464 1,161
Income tax expense 253 203 564 454
Net Income Attributable to Dominion 385 314 900 707
Preferred dividends 0 2 0 10
Balance available for common stock 385 312 900 697
Dominion Gas Holdings, LLC        
Operating Revenue [2] 365 391 1,291 1,388
Operating Expenses        
Purchased gas [2] 8 34 103 247
Other energy-related purchases 4 8 17 29
Affiliated suppliers 12 12 50 49
Other [3] 51 79 211 204
Depreciation, depletion and amortization 53 50 157 146
Other taxes 35 31 127 117
Total operating expenses 163 214 665 792
Income from operations 202 177 626 596
Other income 4 5 17 18
Interest and related charges 18 7 53 19
Income from operations including noncontrolling interests before income tax expense 188 175 590 595
Income tax expense 77 68 233 231
Net Income Attributable to Dominion $ 111 $ 107 $ 357 $ 364
[1] See Note 18 for amounts attributable to affiliates.
[2] See Note 18 for amounts attributable to related parties.
[3] Includes gains on the sales of assets to related parties of $59 million for the nine months ended September 30, 2014. See Note 10 for more information.