XML 98 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Total revenues [1] $ 11,035 $ 11,261 $ 10,928
OPERATING EXPENSES:      
Fuel 497 538 497
Purchased power 2,927 3,109 2,926
Other operating expenses 2,952 3,133 2,802
Provision for depreciation 1,220 1,136 1,027
Amortization (deferral) of regulatory assets, net (79) (150) 308
General taxes 1,008 993 940
Total operating expenses 8,525 8,759 8,500
OPERATING INCOME 2,510 2,502 2,428
OTHER INCOME (EXPENSE):      
Miscellaneous income, net 243 205 53
Pension and OPEB mark-to-market adjustment (674) (144) (102)
Interest expense (1,033) (1,116) (1,005)
Capitalized financing costs 71 65 52
Total other expense (1,393) (990) (1,002)
INCOME BEFORE INCOME TAXES 1,117 1,512 1,426
INCOME TAXES 213 490 1,715
INCOME (LOSS) FROM CONTINUING OPERATIONS 904 1,022 (289)
Discontinued operations (Note 3) [2] 8 326 (1,435)
NET INCOME (LOSS) 912 1,348 (1,724)
INCOME ALLOCATED TO PREFERRED STOCKHOLDERS (Note 1) 4 367 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 908 $ 981 $ (1,724)
EARNINGS (LOSS) PER SHARE OF COMMON STOCK:      
Basic - Continuing Operations (in dollars per share) $ 1.69 $ 1.33 $ (0.65)
Basic - Discontinued Operations (in dollars per share) 0.01 0.66 (3.23)
Basic - Net Income (Loss) Attributable to Common Stockholders (in dollars per share) 1.70 1.99 (3.88)
Diluted - Continuing Operations (in dollars per share) 1.67 1.33 (0.65)
Diluted - Discontinued Operations (in dollars per share) 0.01 0.66 (3.23)
Diluted - Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 1.68 $ 1.99 $ (3.88)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:      
Basic (in shares) 535 492 444
Diluted (in shares) 542 494 444
Distribution services      
REVENUES:      
Total revenues $ 8,720 $ 8,937 $ 8,685
Transmission      
REVENUES:      
Total revenues 1,510 1,335 1,307
Other      
REVENUES:      
Total revenues $ 805 $ 989 $ 936
[1] Includes excise and gross receipts tax collections of $373 million, $386 million and $370 million in 2019, 2018 and 2017, respectively.
[2] Net of income tax benefit of $5 million, $1,251 million, and $820 million in 2019, 2018 and 2017, respectively.