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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues      
Total operating revenues $ 20,642 $ 18,469 $ 17,129
Operating Expenses      
Operating and maintenance 10,200 8,684 8,725
Wildfire-related claims, net of recoveries 258 251 11,435
Wildfire fund expense 517 413 0
Depreciation, amortization, and decommissioning 3,403 3,468 3,234
Total operating expenses 18,759 16,714 27,223
Operating Income (Loss) 1,883 1,755 (10,094)
Interest income 20 39 82
Interest expense (1,601) (1,260) (934)
Other income, net 457 483 250
Reorganization items, net (11) (1,959) (346)
Income (Loss) Before Income Taxes 748 (942) (11,042)
Income tax provision (benefit) 836 362 (3,400)
Net Loss (88) (1,304) (7,642)
Preferred stock dividend requirement of subsidiary 14 14 14
Loss Attributable to Common Shareholders $ (102) $ (1,318) $ (7,656)
Weighted Average Common Shares Outstanding, Basic (in shares) 1,985 1,257 528
Weighted Average Common Shares Outstanding, Diluted (in shares) 1,985 1,257 528
Net Loss Per Common Share, Basic (in dollars per share) $ (0.05) $ (1.05) $ (14.50)
Net Loss Per Common Share, Diluted (in dollars per share) $ (0.05) $ (1.05) $ (14.50)
Electric      
Operating Revenues      
Total operating revenues $ 15,131 $ 13,858 $ 12,740
Operating Expenses      
Cost of electricity and natural gas 3,232 3,116 3,095
Natural gas      
Operating Revenues      
Total operating revenues 5,511 4,611 4,389
Operating Expenses      
Cost of electricity and natural gas $ 1,149 $ 782 $ 734