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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total operating revenue $ 6,064 $ 4,612 $ 12,145 $ 9,139
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
Interest expense (532) (503) (1,062) (986)
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
SPPC        
Total operating revenue 209 185 429 417
Operations and maintenance 41 41 77 83
Depreciation and amortization 36 34 72 68
Property and other taxes 6 5 12 11
Total operating expenses 184 162 365 354
Operating income 25 23 64 63
Interest expense (13) (14) (27) (28)
Capitalized interest 1 1 1 1
Allowance for equity funds 2 1 3 2
Other, net 3 3 9 4
Total other income (expense) (7) (9) (14) (21)
Income (loss) before income tax expense (benefit) and equity income (loss) 18 14 50 42
Income tax expense (benefit) 1 1 5 4
Net income (loss) attributable to parent 17 13 45 38
SPPC | Regulated electric        
Total operating revenue 189 165 370 349
Cost of sales 93 72 175 152
SPPC | Regulated natural gas        
Total operating revenue 20 20 59 68
Cost of sales $ 8 $ 10 $ 29 $ 40