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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenue:    
Total operating revenue $ 6,346 $ 6,030
Energy:    
Cost of sales 1,955 1,460
Operations and maintenance 1,542 943
Depreciation and amortization 1,050 1,007
Property and other taxes 212 205
Real estate 920 1,179
Total operating expenses 5,679 4,794
Operating income 667 1,236
Other income (expense):    
Interest expense (586) (532)
Capitalized interest 24 17
Allowance for equity funds 49 38
Interest and dividend income 86 23
Gains (losses) on marketable securities, net 699 (1,257)
Other, net 40 5
Total other income (expense) 312 (1,706)
Income (loss) before income tax expense (benefit) and equity income (loss) 979 (470)
Income tax expense (benefit) (162) (507)
Equity income (loss) (38) (57)
Net income (loss) 1,103 (20)
Net income attributable to noncontrolling interests 114 109
Net income (loss) attributable to parent 989 (129)
Preferred dividends 8 16
Earnings (loss) on common shares 981 (145)
Energy    
Operating revenue:    
Total operating revenue 5,471 4,823
Real estate    
Operating revenue:    
Total operating revenue $ 875 $ 1,207