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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Natural gas $ 1,704 $ 1,278 $ 4,024 $ 3,055
Electric 1,189 1,156 2,306 2,224
Energy-related businesses 654 307 1,037 721
Total revenues 3,547 2,741 7,367 6,000
Operating expenses        
Operation and maintenance (1,162) (1,024) (2,248) (2,025)
Aliso Canyon litigation and regulatory matters (45) 0 (137) 0
Depreciation and amortization (501) (463) (994) (905)
Franchise fees and other taxes (150) (138) (312) (291)
Other (expense) income, net (1) 72 37 107
Interest income 15 15 40 34
Interest expense (271) (258) (514) (517)
Income before income taxes and equity earnings 364 281 1,029 1,049
Income tax expense (80) (139) (414) (297)
Equity earnings 375 313 701 631
Net income 659 455 1,316 1,383
Earnings attributable to noncontrolling interests (88) (10) (122) (43)
Preferred dividends (11) (20) (22) (41)
Preferred dividends of subsidiary (1) (1) (1) (1)
Earnings attributable to common shares $ 559 $ 424 $ 1,171 $ 1,298
Basic EPS:        
Earnings (in dollars per share) $ 1.78 $ 1.38 $ 3.71 $ 4.27
Weighted-average common shares outstanding (in shares) 314,845 307,800 315,595 304,372
Diluted EPS:        
Earnings (in dollars per share) $ 1.77 $ 1.37 $ 3.70 $ 4.24
Weighted-average common shares outstanding (in shares) 315,867 308,607 316,647 306,284
Natural gas        
Operating expenses        
Operating expenses $ (528) $ (261) $ (1,330) $ (610)
Electric fuel and purchased power        
Operating expenses        
Operating expenses (251) (284) (456) (516)
Energy-related businesses        
Operating expenses        
Operating expenses $ (289) $ (119) $ (424) $ (228)