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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenue $ 3,132 $ 2,971 $ 8,651 $ 9,127
Operating Expenses        
Electric fuel and other energy-related purchases 606 636 1,791 2,180
Purchased (excess) electric capacity (6) 75 107 259
Purchased gas 77 85 252 446
Other operations and maintenance 765 564 2,133 1,875
Depreciation, depletion and amortization 400 355 1,112 1,037
Other taxes 145 133 448 432
Total operating expenses 1,987 1,848 5,843 6,229
Income from operations 1,145 1,123 2,808 2,898
Other income 63 11 189 127
Interest and related charges 250 230 715 674
Income from operations including noncontrolling interests before income tax expense 958 904 2,282 2,351
Income tax expense 230 305 561 794
Net Income Including Noncontrolling Interests 728 599 1,721 1,557
Noncontrolling Interests 38 6 55 15
Net Income Attributable to Dominion $ 690 $ 593 $ 1,666 $ 1,542
Earnings Per Common Share        
Net income attributable to Dominion - Basic (in dollars per share) $ 1.10 $ 1.00 $ 2.72 $ 2.61
Net income attributable to Dominion - Diluted (in dollars per share) 1.10 1.00 2.71 2.60
Dividends Declared Per Common Share (dollars per share) $ 0.7000 $ 0.6475 $ 2.1000 $ 1.9425
Virginia Electric and Power Company        
Operating Revenue [1] $ 2,211 $ 2,058 $ 5,877 $ 6,008
Operating Expenses        
Electric fuel and other energy-related purchases [1] 516 554 1,527 1,861
Purchased (excess) electric capacity (6) 75 107 259
Affiliated suppliers 73 64 238 208
Other 370 311 1,041 1,008
Depreciation, depletion and amortization 270 244 765 713
Other taxes 74 69 218 212
Total operating expenses 1,297 1,317 3,896 4,261
Income from operations 914 741 1,981 1,747
Other income 13 13 47 49
Interest and related charges 118 116 345 332
Income from operations including noncontrolling interests before income tax expense 809 638 1,683 1,464
Income tax expense 306 253 637 564
Net Income Attributable to Dominion 503 385 1,046 900
Dominion Gas Holdings, LLC        
Operating Revenue [2] 382 365 1,181 1,291
Operating Expenses        
Purchased gas [2] 21 8 71 103
Other energy-related purchases 4 4 8 17
Affiliated suppliers 20 12 63 50
Other 113 51 268 211
Depreciation, depletion and amortization 55 53 150 157
Other taxes 36 35 127 127
Total operating expenses 249 163 687 665
Income from operations 133 202 494 626
Other income 7 4 22 17
Interest and related charges 23 18 68 53
Income from operations including noncontrolling interests before income tax expense 117 188 448 590
Income tax expense 34 77 162 233
Net Income Attributable to Dominion $ 83 $ 111 $ 286 $ 357
[1] See Note 17 for amounts attributable to affiliates.
[2] See Note 17 for amounts attributable to related parties.