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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenue:        
Total operating revenue $ 6,968 $ 6,193 $ 19,113 $ 15,332
Energy:        
Cost of sales 1,385 1,169 4,064 3,095
Operations and maintenance 1,001 1,033 2,972 2,564
Depreciation and amortization 946 789 2,797 2,323
Property and other taxes 194 152 593 456
Real estate 1,608 1,503 4,312 3,492
Total operating expenses 5,134 4,646 14,738 11,930
Operating income 1,834 1,547 4,375 3,402
Other income (expense):        
Interest expense (531) (504) (1,593) (1,490)
Capitalized interest 18 24 46 60
Allowance for equity funds 34 50 90 122
Interest and dividend income 18 17 65 57
Gains on marketable securities, net 294 1,797 1,142 2,407
Other, net 8 36 64 61
Total other income (expense) (159) 1,420 (186) 1,217
Income (loss) before income tax expense (benefit) and equity income (loss) 1,675 2,967 4,189 4,619
Income tax (benefit) expense (355) 80 (563) (111)
Equity loss (5) (41) (234) (91)
Net income 2,025 2,846 4,518 4,639
Net income attributable to noncontrolling interests 103 4 311 11
Net income (loss) attributable to parent 1,922 2,842 4,207 4,628
Preferred dividends 26 0 101 0
Earnings on common shares 1,896 2,842 4,106 4,628
Energy        
Operating revenue:        
Total operating revenue 5,225 4,451 14,375 11,504
Real estate        
Operating revenue:        
Total operating revenue $ 1,743 $ 1,742 $ 4,738 $ 3,828