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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues        
Total operating revenues $ 4,234 $ 4,250 $ 8,290 $ 8,518
Operating Expenses        
Operating and maintenance 1,786 1,605 3,390 3,129
Wildfire-related claims, net of insurance recoveries 2,125 46 2,118 53
Depreciation, amortization, and decommissioning 746 712 1,498 1,424
Total operating expenses 5,699 3,515 9,156 6,916
Operating Income (Loss) (1,465) 735 (866) 1,602
Interest income 12 8 21 13
Interest expense (226) (225) (446) (443)
Other income, net 106 26 214 60
Income (Loss) Before Income Taxes (1,573) 544 (1,077) 1,232
Income tax provision (benefit) (593) 134 (542) 243
Net Income (Loss) (980) 410 (535) 989
Preferred stock dividend requirement of subsidiary 4 4 7 7
Preferred stock dividend requirement     0  
Income (Loss) Available for Common Shareholders and Common Stock $ (984) $ 406 $ (542) $ 982
Weighted Average Common Shares Outstanding, Basic (in shares) 516 511 516 510
Weighted Average Common Shares Outstanding, Diluted (in shares) 516 513 517 512
Net Earnings (Loss) Per Common Share, Basic (in dollars per share) $ (1.91) $ 0.79 $ (1.05) $ 1.93
Net Earnings (Loss) Per Common Share, Diluted (in dollars per share) (1.91) 0.79 (1.05) 1.92
Dividends Declared Per Common Share (in dollars per share) $ 0 $ 0.53 $ 0 $ 1.02
Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues $ 4,234 $ 4,250 $ 8,290 $ 8,521
Operating Expenses        
Operating and maintenance 1,786 1,604 3,390 3,129
Wildfire-related claims, net of insurance recoveries 2,125 (46) 2,118 (53)
Depreciation, amortization, and decommissioning 746 712 1,498 1,424
Total operating expenses 5,699 3,514 9,156 6,916
Operating Income (Loss) (1,465) 736 (866) 1,605
Interest income 11 7 20 12
Interest expense (222) (222) (439) (438)
Other income, net 108 24 217 55
Income (Loss) Before Income Taxes (1,568) 545 (1,068) 1,234
Income tax provision (benefit) (592) 136 (544) 256
Net Income (Loss) (976) 409 (524) 978
Preferred stock dividend requirement of subsidiary     0  
Preferred stock dividend requirement 4 4 7 7
Income (Loss) Available for Common Shareholders and Common Stock (980) 405 (531) 971
Electric        
Operating Revenues        
Total operating revenues 3,312 3,323 6,263 6,388
Operating Expenses        
Cost of goods 963 1,123 1,782 1,970
Electric | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 3,312 3,324 6,263 6,391
Operating Expenses        
Cost of goods 963 1,123 1,782 1,970
Natural gas        
Operating Revenues        
Total operating revenues 922 927 2,027 2,130
Operating Expenses        
Cost of goods 79 121 368 446
Natural gas | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 922 926 2,027 2,130
Operating Expenses        
Cost of goods $ 79 $ 121 $ 368 $ 446