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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues (Note K) $ 5,023 $ 4,189 $ 14,698 $ 12,442
Cost of sales and fuel (exclusive of items shown separately below) 3,027 2,799 8,815 8,628
Operations and maintenance 512 308 1,481 833
Depreciation and amortization 274 177 790 509
General taxes 70 44 239 148
Transaction costs (Note B) 10 123 17 133
Other operating (income) expense, net (Note C) 2 (1) (65) (782)
Operating income 1,128 739 3,421 2,973
Equity in net earnings from investments (Note I) 92 49 256 132
Other income, net 17 22 28 43
Interest expense (net of capitalized interest of $19, $8, $47 and $32, respectively) (325) (215) (923) (561)
Income before income taxes 912 595 2,782 2,587
Income taxes (219) (141) (670) (616)
Net income 693 454 2,112 1,971
Less: Preferred stock dividends 1 1 1 1
Net income available to common shareholders $ 692 $ 453 $ 2,111 $ 1,970
Basic EPS (Note H) (in dollars per share) $ 1.18 $ 0.99 $ 3.61 $ 4.37
Diluted EPS (Note H) (in dollars per share) $ 1.18 $ 0.99 $ 3.60 $ 4.36
Average shares (millions)        
Basic (in shares) 584.8 457.3 584.5 451.2
Diluted (in shares) 586.7 458.2 586.1 452.1
Commodity sales        
Revenues        
Total revenues (Note K) $ 4,083 $ 3,760 $ 12,005 $ 11,287
Services        
Revenues        
Total revenues (Note K) $ 940 $ 429 $ 2,693 $ 1,155