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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Utilities operating revenue $ 2,434 $ 2,233 $ 5,279 $ 4,898
Energy-related businesses 307 293 721 657
Total revenues 2,741 2,526 6,000 5,555
Operating expenses        
Operation and maintenance (1,024) (898) (2,025) (1,749)
Aliso Canyon litigation and regulatory matters 0 0 0 (100)
Depreciation and amortization (463) (412) (905) (824)
Franchise fees and other taxes (138) (121) (291) (258)
Operating expenses        
Other income (expense), net 72 62 107 (192)
Interest income 15 22 34 49
Interest expense (258) (274) (517) (554)
Income from continuing operations before income taxes and equity earnings 281 463 1,049 860
Income tax (expense) benefit (139) (168) (297) 39
Equity earnings 313 233 631 496
Income from continuing operations, net of income tax 455 528 1,383 1,395
Income from discontinued operations, net of income tax 0 1,777 0 1,857
Net income 455 2,305 1,383 3,252
Earnings attributable to noncontrolling interests (10) (28) (43) (179)
Preferred dividends (20) (37) (41) (73)
Preferred dividends of subsidiary (1) (1) (1) (1)
Earnings attributable to common shares $ 424 $ 2,239 $ 1,298 $ 2,999
Basic EPS:        
Earnings from continuing operations (in dollars per share) $ 1.38 $ 1.58 $ 4.27 $ 3.93
Earnings from discontinued operations (in dollars per share) 0 6.06 0 6.31
Earnings attributable to common shares (in dollars per share) $ 1.38 $ 7.64 $ 4.27 $ 10.24
Weighted-average common shares outstanding 307,800 293,060 304,372 292,925
Diluted EPS:        
Earnings from continuing operations (in dollars per share) $ 1.37 $ 1.58 $ 4.24 $ 3.91
Earnings from discontinued operations (in dollars per share) 0 6.03 0 6.00
Earnings from continuing operations attributable to common shares (in dollars per share) $ 1.37 $ 7.61 $ 4.24 $ 9.91
Weighted-average common shares outstanding, diluted (in shares) 308,607 294,155 306,284 307,962
Natural gas [Member]        
Operating expenses        
Operating expenses $ (261) $ (131) $ (610) $ (468)
Electric fuel and purchased power [Member]        
Operating expenses        
Operating expenses (284) (260) (516) (489)
Energy-related businesses [Member]        
Operating expenses        
Operating expenses (119) (51) (228) (110)
San Diego Gas and Electric Company [Member]        
REVENUES        
Electric 1,158 1,090 2,227 2,140
Natural gas 160 145 428 364
Utilities operating revenue 1,318 1,235 2,655 2,504
Operating expenses        
Cost of electric fuel and purchased power 304 260 545 491
Cost of natural gas 40 31 122 91
Operation and maintenance 373 326 763 636
Depreciation and amortization 220 197 433 398
Franchise fees and other taxes 83 73 171 151
Total operating expenses 1,020 887 2,034 1,767
Operating income 298 348 621 737
Other income (expense), net 22 18 57 49
Interest income 0 0 1 1
Interest expense (101) (103) (203) (204)
Income from continuing operations before income taxes and equity earnings 219 263 476 583
Income tax (expense) benefit (33) (70) (78) (128)
Net income     398 455
Earnings attributable to common shares 186 193 398 455
Southern California Gas Company [Member]        
REVENUES        
Utilities operating revenue 1,124 1,010 2,632 2,405
Operating expenses        
Aliso Canyon litigation and regulatory matters 0 0 0 (100)
Operating expenses        
Cost of natural gas 223 106 496 384
Operation and maintenance 525 462 1,028 905
Depreciation and amortization 180 162 353 321
Franchise fees and other taxes 51 43 109 94
Total operating expenses 979 773 1,986 1,804
Operating income 145 237 646 601
Other income (expense), net (2) (2) 37 28
Interest income 0 1 0 2
Interest expense (40) (40) (79) (80)
Income from continuing operations before income taxes and equity earnings 103 196 604 551
Income tax (expense) benefit (8) (49) (102) (101)
Net income 95 147 502 450
Preferred dividends (1) (1) (1) (1)
Earnings attributable to common shares $ 94 $ 146 $ 501 $ 449