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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenue $ 3,179 $ 3,132 $ 9,376 $ 8,651
Operating Expenses        
Electric fuel and other energy-related purchases 638 606 1,711 1,791
Purchased (excess) electric capacity 21 (6) (8) 107
Purchased gas 24 77 441 252
Other operations and maintenance 649 765 2,166 2,133
Depreciation, depletion and amortization 485 400 1,421 1,112
Other taxes 162 145 519 448
Total operating expenses 1,979 1,987 6,250 5,843
Income from operations 1,200 1,145 3,126 2,808
Other income 73 63 249 189
Interest and related charges 305 250 905 715
Income from operations including noncontrolling interests before income tax expense 968 958 2,470 2,282
Income tax expense 272 230 683 561
Net Income Including Noncontrolling Interests 696 728 1,787 1,721
Noncontrolling Interests 31 38 100 55
Net Income Attributable to Dominion Energy $ 665 $ 690 $ 1,687 $ 1,666
Earnings Per Common Share        
Net income attributable to Dominion Energy - Basic $ 1.03 $ 1.10 $ 2.66 $ 2.72
Net income attributable to Dominion Energy - Diluted 1.03 1.10 2.66 2.71
Dividends Declared Per Common Share $ 0.7700 $ 0.7000 $ 2.2800 $ 2.1000
Virginia Electric and Power Company        
Operating Revenue [1] $ 2,154 $ 2,211 $ 5,732 $ 5,877
Operating Expenses        
Electric fuel and other energy-related purchases [1] 549 516 1,414 1,527
Purchased (excess) electric capacity 21 (6) (8) 107
Affiliated suppliers 76 73 229 238
Other 297 370 897 1,041
Depreciation, depletion and amortization 288 270 854 765
Other taxes 76 74 233 218
Total operating expenses 1,307 1,297 3,619 3,896
Income from operations 847 914 2,113 1,981
Other income 13 13 57 47
Interest and related charges [1] 128 118 373 345
Income from operations including noncontrolling interests before income tax expense 732 809 1,797 1,683
Income tax expense 273 306 664 637
Net Income Attributable to Dominion Energy 459 503 1,133 1,046
Dominion Energy Gas Holdings, LLC        
Operating Revenue [2] 401 382 1,313 1,181
Operating Expenses        
Purchased gas [2] 19 21 100 71
Other energy-related purchases 4 4 11 8
Affiliated suppliers 20 20 65 63
Other 53 113 312 268
Depreciation, depletion and amortization 57 55 167 150
Other taxes 42 36 139 127
Total operating expenses 195 249 794 687
Income from operations 206 133 519 494
Earnings from equity method investee 4 5 15 14
Other income 6 2 16 8
Interest and related charges [2] 25 23 72 68
Income from operations including noncontrolling interests before income tax expense 191 117 478 448
Income tax expense 74 34 176 162
Net Income Attributable to Dominion Energy $ 117 $ 83 $ 302 $ 286
[1] See Note 17 for amounts attributable to affiliates.
[2] See Note 17 for amounts attributable to related parties.