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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenue:        
Total operating revenue $ 6,064 $ 4,612 $ 12,145 $ 9,139
Energy:        
Cost of sales 1,110 888 2,679 1,926
Operations and maintenance 1,037 794 1,971 1,531
Depreciation and amortization 936 725 1,851 1,534
Property and other taxes 189 153 399 304
Real estate 1,584 1,116 2,704 1,989
Total operating expenses 4,856 3,676 9,604 7,284
Operating income 1,208 936 2,541 1,855
Other income (expense):        
Interest expense (532) (503) (1,062) (986)
Capitalized interest 14 19 28 36
Allowance for equity funds 30 38 56 72
Interest and dividend income 26 20 47 40
Gains on marketable securities, net 1,966 583 848 610
Other, net 48 52 56 25
Total other income (expense) 1,552 209 (27) (203)
Income (loss) before income tax expense (benefit) and equity income (loss) 2,760 1,145 2,514 1,652
Income tax expense (benefit) 327 (7) (208) (191)
Equity loss (50) (32) (229) (50)
Net income 2,383 1,120 2,493 1,793
Net income attributable to noncontrolling interests 102 4 208 7
Net income (loss) attributable to parent 2,281 1,116 2,285 1,786
Preferred dividends 37 0 75 0
Earnings on common shares 2,244 1,116 2,210 1,786
Energy        
Operating revenue:        
Total operating revenue 4,301 3,419 9,150 7,053
Real estate        
Operating revenue:        
Total operating revenue $ 1,763 $ 1,193 $ 2,995 $ 2,086