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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES:    
Regulated Distribution $ 2,576 $ 2,500
Regulated Transmission 323 313
Other 77 42
Total revenues [1] 2,976 2,855
OPERATING EXPENSES:    
Fuel 187 204
Purchased power 825 791
Other operating expenses 962 657
Provision for depreciation 294 250
Amortization (deferral) of regulatory assets, net (148) 83
General taxes 259 242
Total operating expenses 2,379 2,227
OPERATING INCOME 597 628
OTHER INCOME (EXPENSE):    
Miscellaneous income 67 14
Interest expense (250) (245)
Capitalized financing costs 15 12
Total other expense (168) (219)
INCOME BEFORE INCOME TAXES 429 409
INCOME TAXES 252 152
INCOME FROM CONTINUING OPERATIONS 177 257
Discontinued operations (net of income tax benefits of $890 and $26) (Note 3) 1,192 (52)
NET INCOME 1,369 205
INCOME ALLOCATED TO PREFERRED STOCKHOLDERS (Note 4) 156 0
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 1,213 $ 205
EARNINGS PER SHARE OF COMMON STOCK (Note 4):    
Basic - Continuing Operations (in dollars per share) $ 0.04 $ 0.58
Basic - Discontinued Operations (in dollars per share) 2.51 (0.12)
Basic - Net Income Attributable to Common Stockholders (in dollars per share) 2.55 0.46
Diluted - Continuing Operations (in dollars per share) 0.04 0.58
Diluted - Discontinued Operations (in dollars per share) 2.50 (0.12)
Diluted - Net Income Attributable to Common Stockholders (in dollars per share) $ 2.54 $ 0.46
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:    
Basic, in shares 476 443
Diluted, in shares 478 444
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share $ 0.72 $ 0.72
Excise taxes collected $ 102 $ 100
[1] Includes excise tax collections of $102 million and $100 million in the three months ended March 31, 2018 and 2017, respectively.