XML 67 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues    
Electric $ 2,203 $ 2,325
Natural gas 583 794
Other 25 22
Total operating revenues 2,811 3,141
Operating expenses    
Electric fuel and purchased power 797 914
Cost of natural gas sold and transported 285 479
Cost of sales — other 9 10
Operating and maintenance expenses 579 597
Conservation and demand side management expenses 74 72
Depreciation and amortization 463 433
Taxes (other than income taxes) 149 150
Total operating expenses 2,356 2,655
Operating income 455 486
Other (expense) income, net (11) 4
Equity earnings of unconsolidated subsidiaries 11 9
Allowance for funds used during construction — equity 23 20
Interest charges and financing costs    
Interest charges — includes other financing costs of $7 and $6, respectively 199 189
Allowance for funds used during construction — debt (10) (10)
Total interest charges and financing costs 189 179
Income before income taxes 289 340
Income tax (benefit) expense (6) 25
Net income $ 295 $ 315
Weighted average common shares outstanding:    
Basic (in shares) 526 515
Diluted (in shares) 527 516
Earnings per average common share:    
Basic (in dollars per share) $ 0.56 $ 0.61
Diluted (in dollars per share) $ 0.56 $ 0.61