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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenue:      
Total operating revenue $ 25,602 $ 26,337 $ 25,150
Energy:      
Cost of fuel and energy 7,057 6,757 5,504
Operations and maintenance 4,779 4,153 3,991
Wildfire losses, net of recoveries 1,677 64 0
Depreciation and amortization 4,170 4,230 3,829
Property and other taxes 823 775 789
Real estate 4,316 5,117 5,710
Total operating expenses 22,822 21,096 19,823
Operating income 2,780 5,241 5,327
Other income (expense):      
Interest expense (2,415) (2,216) (2,118)
Capitalized interest 132 76 64
Allowance for equity funds 267 167 126
Interest and dividend income 412 154 89
Gains (losses) on marketable securities, net 669 (2,002) 1,823
Other, net 116 (7) (17)
Total other income (expense) (819) (3,828) (33)
Income before income tax expense (benefit) and equity income (loss) 1,961 1,413 5,294
Income tax expense (benefit) (1,699) (1,916) (1,132)
Equity income (loss) (288) (185) (237)
Net income 3,372 3,144 6,189
Net income attributable to noncontrolling interests 352 423 399
Net income attributable to parent 3,020 2,721 5,790
Preferred dividends 34 46 121
Earnings on common shares 2,986 2,675 5,669
Energy      
Operating revenue:      
Total operating revenue 21,280 21,069 18,935
Real estate      
Operating revenue:      
Total operating revenue $ 4,322 $ 5,268 $ 6,215