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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenue:        
Total operating revenue $ 7,170 $ 7,500 $ 19,745 $ 20,142
Energy:        
Cost of sales 2,009 1,959 5,530 4,944
Operations and maintenance 1,184 1,064 3,518 3,024
Wildfire losses, net of recoveries 1,263 0 1,671 64
Depreciation and amortization 1,015 1,102 3,035 3,154
Property and other taxes 204 200 613 604
Real estate 1,181 1,352 3,351 4,086
Total operating expenses 6,856 5,677 17,718 15,876
Operating income 314 1,823 2,027 4,266
Other income (expense):        
Interest expense (603) (555) (1,788) (1,637)
Capitalized interest 36 19 93 54
Allowance for equity funds 76 43 186 123
Interest and dividend income 110 40 323 93
(Losses) gains on marketable securities, net (76) (3,270) 926 (1,999)
Other, net (3) 5 115 (16)
Total other income (expense) (460) (3,718) (145) (3,382)
Income (loss) before income tax expense (benefit) and equity income (loss) (146) (1,895) 1,882 884
Income tax expense (benefit) (777) (1,213) (1,194) (1,571)
Equity income (loss) (60) (13) (197) (153)
Net income (loss) 571 (695) 2,879 2,302
Net income attributable to noncontrolling interests 77 147 321 376
Net income (loss) attributable to parent 494 (842) 2,558 1,926
Preferred dividends 8 8 25 37
Earnings (loss) on common shares 486 (850) 2,533 1,889
Energy        
Operating revenue:        
Total operating revenue 5,958 6,095 16,362 15,858
Real estate        
Operating revenue:        
Total operating revenue $ 1,212 $ 1,405 $ 3,383 $ 4,284