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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenue [1] $ 3,970 $ 3,088 $ 7,828 $ 6,554
Operating Expenses        
Electric fuel and other energy-related purchases 718 623 1,509 1,367
Purchased electric capacity 24 23 63 37
Purchased (excess) gas 227 64 957 404
Other operations and maintenance 1,283 873 2,285 1,668
Depreciation and amortization 661 463 1,312 961
Other taxes 284 166 576 365
Impairment of assets and other charges 312 134 1,147 135
Total operating expenses 3,509 2,346 7,849 4,937
Income (loss) from operations 461 742 (21) 1,617
Other income 92 185 480 285
Interest and related charges 452 361 921 675
Income (loss) from operations including noncontrolling interests before income tax expense 101 566 (462) 1,227
Income tax expense (benefit) 43 88 157 223
Net Income (Loss) Including Noncontrolling Interests 58 478 (619) 1,004
Noncontrolling Interests 4 29 7 52
Net Income (loss) $ 54 $ 449 $ (626) $ 952
Earnings Per Common Share        
Net income (loss) attributable to Dominion Energy - Basic $ 0.07 $ 0.69 $ (0.78) $ 1.46
Net income (loss) attributable to Dominion Energy - Diluted $ 0.05 $ 0.69 $ (0.78) $ 1.46
Virginia Electric and Power Company        
Operating Revenue $ 1,938 $ 1,829 $ 3,903 $ 3,577
Operating Expenses        
Electric fuel and other energy-related purchases [2] 536 508 1,132 1,099
Purchased electric capacity 13 23 46 37
Affiliated suppliers 127 74 213 157
Other 438 365 631 681
Depreciation and amortization 299 247 603 544
Other taxes 90 79 175 162
Impairment of assets and other charges 197   743  
Total operating expenses 1,700 1,296 3,543 2,680
Income (loss) from operations 238 533 360 897
Other income 16 21 53 24
Interest and related charges [2] 135 126 270 258
Income (loss) from operations including noncontrolling interests before income tax expense 119 428 143 663
Income tax expense (benefit) 19 89 23 140
Net Income (Loss) Including Noncontrolling Interests 100 339 120 523
Net Income (loss) 100 339 120 523
Dominion Energy Gas Holdings, LLC        
Operating Revenue [3] 530 508 1,096 898
Operating Expenses        
Purchased (excess) gas [3] (3) (6) 9 8
Other energy-related purchases 1 2 1 2
Affiliated suppliers 54 38 93 69
Other 156 151 293 285
Depreciation and amortization 92 88 182 150
Other taxes 38 25 78 52
Impairment of assets and other charges 13 126 13 126
Gains on sales of assets   (6)   (51)
Total operating expenses 351 418 669 641
Income (loss) from operations 179 90 427 257
Earnings from equity method investee 9 11 22 31
Other income 44 16 85 33
Interest and related charges 86 46 173 50
Income (loss) from operations including noncontrolling interests before income tax expense 146 71 361 271
Income tax expense (benefit) 23 (13) 66 31
Net income from continuing operations 123 84 295 240
Net income from discontinued operations 26 45 80 102
Net Income (Loss) Including Noncontrolling Interests 149 129 375 342
Noncontrolling Interests 30 46 66 79
Net Income (loss) $ 119 $ 83 $ 309 $ 263
[1] See Note 10 for amounts attributable to related parties.
[2] See Note 20 for amounts attributable to affiliates.
[3] See Note 20 for amounts attributable to related parties.