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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total operating revenue $ 6,968 $ 6,193 $ 19,113 $ 15,332
Cost of sales 1,385 1,169 4,064 3,095
Total operating expenses 5,134 4,646 14,738 11,930
Operating income 1,834 1,547 4,375 3,402
Interest expense (531) (504) (1,593) (1,490)
Allowance for equity funds 34 50 90 122
Interest and dividend income 18 17 65 57
Other, net 8 36 64 61
Total other income (expense) (159) 1,420 (186) 1,217
Income (loss) before income tax expense (benefit) and equity income (loss) 1,675 2,967 4,189 4,619
Income tax (benefit) expense (355) 80 (563) (111)
Net income (loss) attributable to parent 1,922 2,842 4,207 4,628
SPPC        
Total operating revenue 282 235 711 652
Operations and maintenance 40 40 117 123
Depreciation and amortization 35 36 107 104
Property and other taxes 6 6 18 17
Total operating expenses 207 167 572 521
Operating income 75 68 139 131
Interest expense (14) (14) (41) (42)
Capitalized interest 1 0 2 1
Allowance for equity funds 2 1 5 3
Interest and dividend income 3 1 6 3
Other, net 3 2 9 4
Total other income (expense) (5) (10) (19) (31)
Income (loss) before income tax expense (benefit) and equity income (loss) 70 58 120 100
Income tax (benefit) expense 8 6 13 10
Net income (loss) attributable to parent 62 52 107 90
SPPC | Regulated electric        
Total operating revenue 266 220 636 569
Cost of sales 120 81 295 233
SPPC | Regulated natural gas        
Total operating revenue 16 15 75 83
Cost of sales $ 6 $ 4 $ 35 $ 44