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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue:        
Total operating revenue $ 6,229 $ 6,612 $ 12,575 $ 12,642
Energy:        
Cost of sales 1,566 1,525 3,521 2,985
Operations and maintenance 1,200 1,081 2,742 2,024
Depreciation and amortization 970 1,045 2,020 2,052
Property and other taxes 197 199 409 404
Real estate 1,250 1,555 2,170 2,734
Total operating expenses 5,183 5,405 10,862 10,199
Operating income 1,046 1,207 1,713 2,443
Other income (expense):        
Interest expense (599) (550) (1,185) (1,082)
Capitalized interest 33 18 57 35
Allowance for equity funds 61 42 110 80
Interest and dividend income 127 30 213 53
Gains on marketable securities, net 303 2,528 1,002 1,271
Other, net 78 (26) 118 (21)
Total other income (expense) 3 2,042 315 336
Income (loss) before income tax expense (benefit) and equity income (loss) 1,049 3,249 2,028 2,779
Income tax expense (benefit) (255) 149 (417) (358)
Equity income (loss) (99) (83) (137) (140)
Net income 1,205 3,017 2,308 2,997
Net income attributable to noncontrolling interests 130 120 244 229
Net income (loss) attributable to parent 1,075 2,897 2,064 2,768
Preferred dividends 9 13 17 29
Earnings on common shares 1,066 2,884 2,047 2,739
Energy        
Operating revenue:        
Total operating revenue 4,933 4,940 10,404 9,763
Real estate        
Operating revenue:        
Total operating revenue $ 1,296 $ 1,672 $ 2,171 $ 2,879