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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues      
Total operating revenues $ 21,680 $ 20,642 $ 18,469
Operating Expenses      
Operating and maintenance 9,809 10,200 8,684
SB 901 securitization charges, net 608 0 0
Wildfire-related claims, net of recoveries 237 258 251
Wildfire Fund expense 477 517 413
Depreciation, amortization, and decommissioning 3,856 3,403 3,468
Total operating expenses 19,843 18,759 16,714
Operating Income 1,837 1,883 1,755
Interest income 162 20 39
Interest expense (1,917) (1,601) (1,260)
Other income, net 394 457 483
Reorganization items, net 0 (11) (1,959)
Income Before Income Taxes 476 748 (942)
Income tax provision (benefit) (1,338) 836 362
Net Income (Loss) 1,814 (88) (1,304)
Preferred stock dividend requirement of subsidiary 14 14 14
Income (Loss) Attributable to Common Shareholders $ 1,800 $ (102) $ (1,318)
Weighted Average Common Shares Outstanding, Basic (in shares) 1,987 1,985 1,257
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,132 1,985 1,257
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ 0.91 $ (0.05) $ (1.05)
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ 0.84 $ (0.05) $ (1.05)
Electric      
Operating Revenues      
Total operating revenues $ 15,060 $ 15,131 $ 13,858
Operating Expenses      
Cost of electricity and natural gas 2,756 3,232 3,116
Natural gas      
Operating Revenues      
Total operating revenues 6,620 5,511 4,611
Operating Expenses      
Cost of electricity and natural gas $ 2,100 $ 1,149 $ 782