XML 16 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES:    
Total revenues [1] $ 2,883 $ 2,862
OPERATING EXPENSES:    
Fuel 131 139
Purchased power 781 820
Other operating expenses 779 940
Provision for depreciation 297 277
Amortization (deferral) of regulatory assets, net 5 (148)
General taxes 261 254
Total operating expenses 2,254 2,282
OPERATING INCOME 629 580
OTHER INCOME (EXPENSE):    
Miscellaneous income, net 54 67
Interest expense (253) (248)
Capitalized financing costs 18 15
Total other expense (181) (166)
INCOME BEFORE INCOME TAXES 448 414
INCOME TAXES 93 233
INCOME FROM CONTINUING OPERATIONS 355 181
Discontinued operations (Note 3)(2) [2] (35) 1,188
NET INCOME 320 1,369
INCOME ALLOCATED TO PREFERRED STOCKHOLDERS (Note 4) 5 156
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 315 $ 1,213
EARNINGS PER SHARE OF COMMON STOCK (Note 4):    
Basic - Continuing Operations (in dollars per share) $ 0.66 $ 0.05
Basic - Discontinued Operations (in dollars per share) (0.07) 2.50
Basic - Net Income Attributable to Common Stockholders (in dollars per share) 0.59 2.55
Diluted - Continuing Operations (in dollars per share) 0.66 0.05
Diluted - Discontinued Operations (in dollars per share) (0.07) 2.49
Diluted - Net Income Attributable to Common Stockholders (in dollars per share) $ 0.59 $ 2.54
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic, in shares 530 476
Diluted, in shares 533 478
Excise taxes collected $ 102 $ 102
Income tax expense (benefit) 5 (871)
Distribution Services and Retail Generation [Member]    
REVENUES:    
Total revenues 2,309 2,295
Transmission [Member]    
REVENUES:    
Total revenues 352 319
Other [Member]    
REVENUES:    
Total revenues $ 222 $ 248
[1] Includes excise and gross receipts tax collections of $102 million in the three months ended March 31, 2019 and 2018
[2] Net of income tax expense (benefits) of $5 million and $(871) million for the three months ended March 31, 2019 and 2018, respectively.