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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues      
Total operating revenues $ 16,759 $ 17,135 $ 17,666
Operating Expenses      
Operating and maintenance 7,153 6,321 7,326
Wildfire-related claims, net of insurance recoveries 11,771 0 125
Depreciation, amortization, and decommissioning 3,036 2,854 2,755
Total operating expenses 26,459 14,230 15,586
Operating Income (Loss) (9,700) 2,905 2,080
Interest income 76 31 23
Interest expense (929) (888) (829)
Other income, net 424 123 188
Income (Loss) Before Income Taxes (10,129) 2,171 1,462
Income tax provision (benefit) (3,292) 511 55
Net Income (Loss) (6,837) 1,660 1,407
Preferred stock dividend requirement of subsidiary 14 14 14
Income (Loss) Available for Common Shareholders $ (6,851) $ 1,646 $ 1,393
Weighted Average Common Shares Outstanding, Basic (in shares) 517 512 499
Weighted Average Common Shares Outstanding, Diluted (in shares) 517 513 501
Net Earnings (Loss) Per Common Share, Basic (in dollars per share) $ (13.25) $ 3.21 $ 2.79
Net Earnings (Loss) Per Common Share, Diluted (in dollars per share) $ (13.25) $ 3.21 $ 2.78
Pacific Gas & Electric Co      
Operating Revenues      
Total operating revenues $ 16,760 $ 17,138 $ 17,667
Operating Expenses      
Operating and maintenance 7,153 6,383 7,327
Wildfire-related claims, net of insurance recoveries 11,771 0 125
Depreciation, amortization, and decommissioning 3,036 2,854 2,754
Total operating expenses 26,459 14,292 15,586
Operating Income (Loss) (9,699) 2,846 2,081
Interest income 74 30 22
Interest expense (914) (877) (819)
Other income, net 426 119 188
Income (Loss) Before Income Taxes (10,113) 2,118 1,472
Income tax provision (benefit) (3,295) 427 70
Net Income (Loss) (6,818) 1,691 1,402
Preferred stock dividend requirement 14 14 14
Income (Loss) Available for Common Shareholders (6,832) 1,677 1,388
Electric      
Operating Revenues      
Total operating revenues 12,713 13,124 13,864
Operating Expenses      
Cost of goods 3,828 4,309 4,765
Electric | Pacific Gas & Electric Co      
Operating Revenues      
Total operating revenues 12,713 13,127 13,865
Operating Expenses      
Cost of goods 3,828 4,309 4,765
Natural gas      
Operating Revenues      
Total operating revenues 4,046 4,011 3,802
Operating Expenses      
Cost of goods 671 746 615
Natural gas | Pacific Gas & Electric Co      
Operating Revenues      
Total operating revenues 4,047 4,011 3,802
Operating Expenses      
Cost of goods $ 671 $ 746 $ 615