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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenue [1] $ 4,269 $ 3,451 $ 12,097 $ 10,005
Operating Expenses        
Electric fuel and other energy-related purchases 774 761 2,283 2,128
Purchased (excess) electric capacity 11 50 74 87
Purchased (excess) gas 153 5 1,110 409
Other operations and maintenance 1,010 770 3,295 2,438
Depreciation and amortization 679 526 1,991 1,487
Other taxes 243 177 819 542
Impairment of assets and other charges 85 12 1,232 147
Total operating expenses 2,955 2,301 10,804 7,238
Income from continuing operations 1,314 1,150 1,293 2,767
Other income 173 373 653 658
Interest and related charges 451 378 1,372 1,053
Income from continuing operations before income tax expense 1,036 1,145 574 2,372
Income tax expense 51 262 208 485
Net income including noncontrolling interest 985 883 366 1,887
Noncontrolling Interests 10 29 17 81
Net income $ 975 $ 854 $ 349 $ 1,806
Earnings Per Common Share        
Net income attributable to Dominion Energy - Basic $ 1.19 $ 1.31 $ 0.42 $ 2.77
Net income attributable to Dominion Energy - Diluted $ 1.17 $ 1.30 $ 0.39 $ 2.77
Virginia Electric and Power Company        
Operating Revenue [2] $ 2,264 $ 2,232 $ 6,167 $ 5,809
Operating Expenses        
Electric fuel and other energy-related purchases [2] 559 648 1,691 1,747
Purchased (excess) electric capacity (1) 50 45 87
Affiliated suppliers 74 72 287 229
Other 379 332 1,010 1,013
Depreciation and amortization 313 295 916 839
Other taxes 82 79 257 241
Impairment of assets and other charges 38   781  
Total operating expenses 1,444 1,476 4,987 4,156
Income from continuing operations 820 756 1,180 1,653
Other income 15 25 68 49
Interest and related charges [2] 138 130 408 388
Income from continuing operations before income tax expense 697 651 840 1,314
Income tax expense 95 131 118 271
Net income 602 520 722 1,043
Dominion Energy Gas Holdings, LLC        
Operating Revenue [3] 502 533 1,598 1,431
Operating Expenses        
Purchased (excess) gas [3] 3 (10) 12 (2)
Other energy-related purchases 1 1 2 3
Affiliated suppliers 32 30 125 97
Other 134 148 427 435
Depreciation and amortization 92 91 274 241
Other taxes 40 35 118 87
Impairment of assets and other charges   1 13 127
Gains on sales of assets (2) (65) (2) (116)
Total operating expenses 300 231 969 872
Income from continuing operations 202 302 629 559
Earnings from equity method investees 8 10 30 41
Other income 46 18 131 51
Interest and related charges [3] 88 52 261 102
Net income from continuing operations 130 209 425 449
Net income from discontinued operations 45 33 125 135
Income from continuing operations before income tax expense 168 278 529 549
Income tax expense 38 69 104 100
Net income including noncontrolling interest 175 242 550 584
Noncontrolling Interests 24 51 90 130
Net income $ 151 $ 191 $ 460 $ 454
[1] See Note 10 for amounts attributable to related parties.
[2] See Note 20 for amounts attributable to affiliates.
[3] See Note 20 for amounts attributable to related parties.