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Consolidated Statements of Operations (Unaudited) - NPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenue $ 6,064 $ 4,612 $ 12,145 $ 9,139
Operating expenses:        
Cost of sales 1,110 888 2,679 1,926
Total operating expenses 4,856 3,676 9,604 7,284
Operating income 1,208 936 2,541 1,855
Other income (expense):        
Interest expense (532) (503) (1,062) (986)
Allowance for borrowed funds 14 19 28 36
Allowance for equity funds 30 38 56 72
Other, net 48 52 56 25
Total other income (expense) 1,552 209 (27) (203)
Income (loss) before income tax expense (benefit) and equity income (loss) 2,760 1,145 2,514 1,652
Income tax expense (benefit) 327 (7) (208) (191)
Net income (loss) attributable to parent 2,281 1,116 2,285 1,786
NPC        
Operating revenue 559 509 929 898
Operating expenses:        
Cost of sales 252 197 417 367
Operations and maintenance 77 74 140 156
Depreciation and amortization 100 91 201 181
Property and other taxes 12 11 24 23
Total operating expenses 441 373 782 727
Operating income 118 136 147 171
Other income (expense):        
Interest expense (39) (40) (77) (82)
Allowance for borrowed funds 1 1 2 2
Allowance for equity funds 2 2 3 4
Other, net 9 7 18 6
Total other income (expense) (27) (30) (54) (70)
Income (loss) before income tax expense (benefit) and equity income (loss) 91 106 93 101
Income tax expense (benefit) 9 23 9 22
Net income (loss) attributable to parent $ 82 $ 83 $ 84 $ 79