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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues    
Total operating revenues $ 5,798 $ 4,716
Operating Expenses    
Operating and maintenance 3,110 2,336
Wildfire-related claims, net of recoveries (1) 172
Wildfire Fund expense 118 119
Depreciation, amortization, and decommissioning 972 888
Total operating expenses 5,262 4,412
Operating Income 536 304
Interest income 8 2
Interest expense (419) (408)
Other income, net 149 127
Income Before Income Taxes 274 25
Income tax benefit (204) (98)
Net Income 478 123
Preferred stock dividend requirement of subsidiary 3 3
Income Available for Common Shareholders $ 475 $ 120
Weighted Average Common Shares Outstanding, Basic (in shares) 1,986 1,985
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,134 2,131
Net Loss Per Common Share, Basic (in dollars per share) $ 0.24 $ 0.06
Net Loss Per Common Share, Diluted (in dollars per share) $ 0.22 $ 0.06
Electric    
Operating Revenues    
Total operating revenues $ 4,158 $ 3,395
Operating Expenses    
Cost of electricity and natural gas 502 590
Natural gas    
Operating Revenues    
Total operating revenues 1,640 1,321
Operating Expenses    
Cost of electricity and natural gas $ 561 $ 307