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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenue $ 2,598 $ 2,747 $ 5,519 $ 6,156
Operating Expenses        
Electric fuel and other energy-related purchases 551 591 1,185 1,544
Purchased electric capacity 45 90 113 184
Purchased gas 56 111 175 361
Other operations and maintenance 665 709 1,368 1,311
Depreciation, depletion and amortization 361 339 712 682
Other taxes 139 134 303 299
Total operating expenses 1,817 1,974 3,856 4,381
Income from operations 781 773 1,663 1,775
Other income 72 56 126 116
Interest and related charges 239 221 465 444
Income from operations including noncontrolling interests before income tax expense 614 608 1,324 1,447
Income tax expense 152 190 331 489
Net Income Including Noncontrolling Interests 462 418 993 958
Noncontrolling Interests 10 5 17 9
Net Income Attributable to Dominion $ 452 $ 413 $ 976 $ 949
Earnings Per Common Share        
Net income attributable to Dominion - Basic $ 0.73 $ 0.70 $ 1.61 $ 1.61
Net income attributable to Dominion - Diluted 0.73 0.70 1.61 1.60
Dividends Declared Per Common Share (dollars per share) $ 0.7000 $ 0.6475 $ 1.4000 $ 1.2950
Virginia Electric and Power Company        
Operating Revenue [1] $ 1,776 $ 1,813 $ 3,666 $ 3,950
Operating Expenses        
Electric fuel and other energy-related purchases [1] 475 497 1,011 1,307
Purchased electric capacity 45 90 113 184
Affiliated suppliers 64 69 165 144
Other 322 376 671 697
Depreciation, depletion and amortization 247 231 495 469
Other taxes 70 69 144 143
Total operating expenses 1,223 1,332 2,599 2,944
Income from operations 553 481 1,067 1,006
Other income 18 21 34 36
Interest and related charges 113 108 227 216
Income from operations including noncontrolling interests before income tax expense 458 394 874 826
Income tax expense 178 148 331 311
Net Income Attributable to Dominion 280 246 543 515
Dominion Gas Holdings, LLC        
Operating Revenue [2] 368 395 799 926
Operating Expenses        
Purchased gas [2] 16 21 50 95
Other energy-related purchases 1 7 4 13
Affiliated suppliers 16 17 43 38
Other 58 107 155 160
Depreciation, depletion and amortization 52 53 95 104
Other taxes 39 37 91 92
Total operating expenses 182 242 438 502
Income from operations 186 153 361 424
Other income 9 4 15 13
Interest and related charges 23 18 45 35
Income from operations including noncontrolling interests before income tax expense 172 139 331 402
Income tax expense 67 54 128 156
Net Income Attributable to Dominion $ 105 $ 85 $ 203 $ 246
[1] See Note 17 for amounts attributable to affiliates.
[2] See Note 17 for amounts attributable to related parties.