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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenue:        
Total operating revenue $ 6,612 $ 6,064 $ 12,642 $ 12,145
Energy:        
Cost of sales 1,525 1,110 2,985 2,679
Operations and maintenance 1,081 1,037 2,024 1,971
Depreciation and amortization 1,045 936 2,052 1,851
Property and other taxes 199 189 404 399
Real estate 1,555 1,584 2,734 2,704
Total operating expenses 5,405 4,856 10,199 9,604
Operating income 1,207 1,208 2,443 2,541
Other income (expense):        
Interest expense (550) (532) (1,082) (1,062)
Capitalized interest 18 14 35 28
Allowance for equity funds 42 30 80 56
Interest and dividend income 30 26 53 47
Gains on marketable securities, net 2,528 1,966 1,271 848
Other, net (26) 48 (21) 56
Total other income (expense) 2,042 1,552 336 (27)
Income (loss) before income tax expense (benefit) and equity income (loss) 3,249 2,760 2,779 2,514
Income tax expense (benefit) 149 327 (358) (208)
Equity loss (83) (50) (140) (229)
Net income 3,017 2,383 2,997 2,493
Net income attributable to noncontrolling interests 120 102 229 208
Net income (loss) attributable to parent 2,897 2,281 2,768 2,285
Preferred dividends 13 37 29 75
Earnings on common shares 2,884 2,244 2,739 2,210
Energy        
Operating revenue:        
Total operating revenue 4,940 4,301 9,763 9,150
Real estate        
Operating revenue:        
Total operating revenue $ 1,672 $ 1,763 $ 2,879 $ 2,995