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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues        
Total operating revenues $ 4,533 $ 3,943 $ 8,839 $ 7,954
Operating Expenses        
Operating and maintenance 2,141 1,942 4,108 4,029
Wildfire-related claims, net of insurance recoveries 170 3,900 170 3,900
Wildfire fund expense 173 0 173 0
Depreciation, amortization, and decommissioning 874 796 1,729 1,593
Total operating expenses 4,251 7,583 7,902 11,405
Operating Income (Loss) 282 (3,640) 937 (3,451)
Interest income 12 22 28 44
Interest expense (199) (60) (453) (163)
Other income, net 100 66 197 137
Reorganization items, net (1,624) (56) (1,800) (183)
Income (Loss) Before Income Taxes (1,429) (3,668) (1,091) (3,616)
Income tax provision (benefit) 539 (1,119) 503 (1,203)
Net Loss (1,968) (2,549) (1,594) (2,413)
Preferred stock dividend requirement of subsidiary 4 4 7 7
Loss Attributable to Common Shareholders $ (1,972) $ (2,553) $ (1,601) $ (2,420)
Weighted Average Common Shares Outstanding, Basic (in shares) 529 529 529 528
Weighted Average Common Shares Outstanding, Diluted (in shares) 529 529 529 528
Net Loss Per Common Share, Basic (in dollars per share) $ (3.73) $ (4.83) $ (3.03) $ (4.58)
Net Loss Per Common Share, Diluted (in dollars per share) $ (3.73) $ (4.83) $ (3.03) $ (4.58)
Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues $ 4,533 $ 3,943 $ 8,839 $ 7,954
Operating Expenses        
Operating and maintenance 2,145 1,940 4,110 4,044
Wildfire-related claims, net of insurance recoveries 170 3,900 170 3,900
Wildfire fund expense 173 0 173 0
Depreciation, amortization, and decommissioning 874 796 1,729 1,593
Total operating expenses 4,255 7,581 7,904 11,420
Operating Income (Loss) 278 (3,638) 935 (3,466)
Interest income 12 22 28 43
Interest expense (189) (60) (441) (161)
Other income, net 93 64 186 130
Reorganization items, net (111) (57) (204) (168)
Income (Loss) Before Income Taxes 83 (3,669) 504 (3,622)
Income tax provision (benefit) 556 (1,119) 526 (1,205)
Net Loss (473) (2,550) (22) (2,417)
Preferred stock dividend requirement of subsidiary 4 4 7 7
Loss Attributable to Common Shareholders (477) (2,554) (29) (2,424)
Electric        
Operating Revenues        
Total operating revenues 3,435 2,946 6,475 5,738
Operating Expenses        
Cost of goods 759 837 1,304 1,436
Electric | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 3,435 2,946 6,475 5,738
Operating Expenses        
Cost of goods 759 837 1,304 1,436
Natural gas        
Operating Revenues        
Total operating revenues 1,098 997 2,364 2,216
Operating Expenses        
Cost of goods 134 108 418 447
Natural gas | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 1,098 997 2,364 2,216
Operating Expenses        
Cost of goods $ 134 $ 108 $ 418 $ 447