XML 17 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:      
Total revenues [1] $ 11,132 $ 10,790 $ 11,035
OPERATING EXPENSES:      
Fuel 481 369 497
Purchased power 2,964 2,701 2,927
Other operating expenses 3,196 3,291 2,952
Provision for depreciation 1,302 1,274 1,220
Amortization (deferral) of regulatory assets, net 269 (53) (79)
General taxes 1,073 1,046 1,008
DPA penalty (Note 13) 230 0 0
Gain on sale of Yards Creek (Note 12) (109) 0 0
Total operating expenses 9,406 8,628 8,525
OPERATING INCOME 1,726 2,162 2,510
OTHER INCOME (EXPENSE):      
Miscellaneous income (expense), net 517 432 243
Pension and OPEB mark-to-market adjustment 382 (477) (674)
Interest expense (1,141) (1,065) (1,033)
Capitalized financing costs 75 77 71
Total other expense (167) (1,033) (1,393)
INCOME BEFORE INCOME TAXES 1,559 1,129 1,117
INCOME TAXES 320 126 213
INCOME FROM CONTINUING OPERATIONS 1,239 1,003 904
Discontinued operations (Note 3) [2] 44 76 8
NET INCOME 1,283 1,079 912
INCOME ALLOCATED TO PREFERRED STOCKHOLDERS (Note 1) 0 0 4
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 1,283 $ 1,079 $ 908
EARNINGS PER SHARE OF COMMON STOCK:      
Basic - Continuing Operations (in dollars per share) $ 2.27 $ 1.85 $ 1.69
Basic - Discontinued Operations (in dollars per share) 0.08 0.14 0.01
Basic - Net Income Attributable to Common Stockholders (in dollars per share) 2.35 1.99 1.70
Diluted - Continuing Operations (in dollars per share) 2.27 1.85 1.67
Diluted - Discontinued Operations (in dollars per share) 0.08 0.14 0.01
Diluted - Net Income Attributable to Common Stockholders (in dollars per share) $ 2.35 $ 1.99 $ 1.68
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 545 542 535
Diluted (in shares) 546 543 542
Distribution services and retail generation      
REVENUES:      
Total revenues $ 9,009 $ 8,688 $ 8,720
Transmission      
REVENUES:      
Total revenues 1,608 1,613 1,510
Other      
REVENUES:      
Total revenues $ 515 $ 489 $ 805
[1] Includes excise and gross receipts tax collections of $374 million, $362 million and $373 million in 2021, 2020 and 2019, respectively.
[2] Net of income tax benefit of $48 million, $59 million, and $5 million in 2021, 2020 and 2019, respectively.