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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Utilities operating revenue $ 2,398 $ 2,102 $ 6,808 $ 6,112
Energy-related businesses 360 463 1,078 1,164
Total revenues 2,758 2,565 7,886 7,276
Operating expenses        
Operation and maintenance (845) (792) (2,515) (2,275)
Depreciation and amortization (402) (366) (1,174) (1,115)
Franchise fees and other taxes (127) (131) (369) (352)
Operating expenses        
Impairment losses (43) (4) (43) (1,304)
(Loss) gain on sale of assets (3) 0 63 0
Other (expense) income, net (7) 96 103 192
Interest income 22 19 64 66
Interest expense (279) (222) (797) (656)
Income (loss) from continuing operations before income taxes and equity earnings 448 345 1,235 (245)
Income tax (expense) benefit (61) (139) (150) 221
Equity earnings 266 74 485 49
Income from continuing operations, net of income tax 653 280 1,570 25
Income from discontinued operations, net of income tax 256 54 292 137
Net income 909 334 1,862 162
Earnings attributable to noncontrolling interests (60) (24) (146) (12)
Mandatory convertible preferred stock dividends (36) (36) (107) (89)
Preferred dividends of subsidiary 0 0 (1) (1)
Earnings attributable to common shares $ 813 $ 274 $ 1,608 $ 60
Basic earnings (losses) per common share:        
Earnings (losses) from continuing operations attributable to common shares (in usd per share) $ 2.04 $ 0.83 $ 4.86 $ (0.21)
Earnings from discontinued operations attributable to common shares (in usd per share) 0.89 0.17 0.97 0.44
Earnings attributable to common shares (in usd per share) $ 2.93 $ 1.00 $ 5.83 $ 0.23
Weighted-average common shares outstanding 277,360 273,944 275,684 265,963
Diluted earnings (losses) per common share:        
Earnings (losses) from continuing operations attributable to common shares (in usd per share) $ 2.00 $ 0.82 $ 4.79 $ (0.21)
Earnings from discontinued operations attributable to common shares (in usd per share) 0.84 0.17 0.95 0.44
Earnings from continuing operations attributable to common shares (n usd per share) $ 2.84 $ 0.99 $ 5.74 $ 0.23
Weighted-average common share outstanding, diluted 295,789 275,907 279,809 265,963
Natural gas [Member]        
Operating expenses        
Operating expenses $ (122) $ (255) $ (789) $ (782)
Electric fuel and purchased power [Member]        
Operating expenses        
Operating expenses (410) (446) (929) (1,037)
Energy-related businesses [Member]        
Operating expenses        
Operating expenses (94) (119) (265) (258)
San Diego Gas and Electric Company [Member]        
REVENUES        
Electric 1,271 1,192 3,184 3,014
Natural gas 156 107 482 391
Utilities operating revenue 1,427 1,299 3,666 3,405
Operating expenses        
Cost of electric fuel and purchased power 411 448 934 1,045
Cost of natural gas 23 30 136 110
Operation and maintenance 295 262 857 761
Depreciation and amortization 196 174 571 509
Franchise fees and other taxes 79 85 220 217
Total operating expenses 1,004 999 2,718 2,642
Operating income 423 300 948 763
Other (expense) income, net 19 24 60 77
Interest income 1 1 3 3
Interest expense (106) (56) (311) (161)
Income (loss) from continuing operations before income taxes and equity earnings 337 269 700 682
Income tax (expense) benefit (71) (53) (111) (151)
Net income 266 216 589 531
Earnings attributable to noncontrolling interests (3) (11) (7) (10)
Earnings attributable to common shares 263 205 582 521
Southern California Gas Company [Member]        
REVENUES        
Utilities operating revenue 975 802 3,142 2,700
Operating expenses        
Cost of natural gas 101 224 660 663
Operation and maintenance 427 394 1,291 1,160
Depreciation and amortization 154 141 449 414
Franchise fees and other taxes 43 38 132 111
Impairment losses (37) 0 (37) 0
Total operating expenses 762 797 2,569 2,348
Operating income 213 5 573 352
Other (expense) income, net 1 3 18 49
Interest income 0 0 1 1
Interest expense (36) (29) (104) (82)
Income (loss) from continuing operations before income taxes and equity earnings 178 (21) 488 320
Income tax (expense) benefit (35) 7 (50) (75)
Net income 143 (14) 438 245
Preferred dividends 0 0 (1) (1)
Earnings attributable to common shares $ 143 $ (14) $ 437 $ 244