Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated)
Electric Operations 34,438.00 35,978.00 33,558.00 31,366.00
Revenue 34,438.00 35,978.00 33,558.00 31,366.00
Total Revenue 34,438.00 35,978.00 33,558.00 31,366.00
Purchased Power 14,460.00 15,541.00 12,904.00 12,640.00
Cost of Revenue, Total 14,460.00 15,541.00 12,904.00 12,640.00
Fuel Expense -- -- -- --
Operations & Maintenance 8,124.00 8,848.00 9,557.00 9,954.00
Depreciation 5,209.00 5,410.00 4,867.00 3,936.00
Amortization of Intangibles, Operating 80.00 72.00 92.00 --
Depreciation/Amortization 5,289.00 5,482.00 4,959.00 3,936.00
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Other Unusual Expense (Income) -32.00 -56.00 -216.00 48.00
Unusual Expense (Income) -32.00 -56.00 -216.00 48.00
Property & Other Taxes 1,732.00 1,783.00 1,731.00 1,576.00
Other Operating Expense 491.00 489.00 235.00 0.00
Other Operating Expenses, Total 2,223.00 2,272.00 1,966.00 1,576.00
Total Operating Expense 30,064.00 32,087.00 29,170.00 28,154.00
Operating Income 4,374.00 3,891.00 4,388.00 3,212.00
Interest Expense - Non-Operating -1,616.00 -1,554.00 -1,560.00 -1,536.00
Interest Expense, Net Non-Operating -1,616.00 -1,554.00 -1,560.00 -1,536.00
Interest Income (Expense), Net-Non-Operating, Total -1,616.00 -1,554.00 -1,560.00 -1,536.00
Other Non-Operating Income (Expense) 1,227.00 -112.00 947.00 297.00
Other, Net 1,227.00 -112.00 947.00 297.00
Net Income Before Taxes 3,985.00 2,225.00 3,775.00 1,973.00
Income Tax – Total 774.00 118.00 -126.00 753.00
Income After Tax 3,211.00 2,107.00 3,901.00 1,220.00
Minority Interest -92.00 -74.00 -90.00 -75.00
Equity In Affiliates -183.00 -28.00 -32.00 -24.00
Net Income Before Extraordinary Items 2,936.00 2,005.00 3,779.00 1,121.00
Discontinued Operations -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 2,936.00 2,005.00 3,779.00 1,121.00
Income Available to Common Excluding Extraordinary Items 2,936.00 2,005.00 3,779.00 1,121.00
Income Available to Common Stocks Including Extraordinary Items 2,936.00 2,005.00 3,779.00 1,121.00
Basic Weighted Average Shares 973.00 967.00 947.00 924.00
Basic EPS Excluding Extraordinary Items 3.02 2.07 3.99 1.21
Basic EPS Including Extraordinary Items 3.02 2.07 3.99 1.21
Dilution Adjustment -- -- -- --
Diluted Net Income 2,936.00 2,005.00 3,779.00 1,121.00
Diluted Weighted Average Shares 974.00 969.00 949.00 927.00
Diluted EPS Excluding Extraordinary Items 3.01 2.07 3.98 1.21
Diluted EPS Including Extraordinary Items 3.01 2.07 3.98 1.21
DPS - Common Stock Primary Issue 1.45 1.38 1.31 1.26
Gross Dividends - Common Stock 1,412.00 1,339.00 1,243.00 1,172.00
Impairment-Assets Held for Use, Supplemental 123.00 35.00 321.00 103.00
Litigation Charge, Supplemental -19.00 0.00 0.00 --
Other Unusual Expense (Income), Supplemental 51.00 51.00 74.00 114.00
Non-Recurring Items, Total 155.00 86.00 395.00 217.00
Total Special Items 123.00 30.00 179.00 265.00
Normalized Income Before Taxes 4,108.00 2,255.00 3,954.00 2,238.00
Effect of Special Items on Income Taxes 23.89 1.59 62.65 101.14
Income Taxes Excluding Impact of Special Items 797.89 119.59 -63.35 854.14
Normalized Income After Taxes 3,310.11 2,135.41 4,017.35 1,383.86
Normalized Income Available to Common 3,035.11 2,033.41 3,895.35 1,284.86
Basic Normalized EPS 3.12 2.10 4.11 1.39
Diluted Normalized EPS 3.12 2.10 4.10 1.39
Amortization of Intangibles, Supplemental 80.00 109.00 237.00 307.00
Depreciation, Supplemental 5,209.00 5,410.00 4,867.00 5,269.00
Interest Expense, Supplemental 1,616.00 1,554.00 1,560.00 1,536.00
Interest Capitalized, Supplemental -24.00 -31.00 -63.00 -108.00
Rental Expense, Supplemental 639.00 670.00 709.00 777.00
Stock-Based Compensation, Supplemental 57.00 154.00 117.00 107.00
Equity in Affiliates, Supplemental -183.00 -28.00 -32.00 -24.00
Minority Interest, Supplemental -92.00 -74.00 -90.00 -75.00
Audit-Related Fees, Supplemental -- -- -- --
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental -- -- -- --
All Other Fees Paid to Auditor, Supplemental -- -- -- --
Operating Margin 12.70 10.81 13.08 10.24
Pretax Margin 11.57 6.18 11.25 6.29
Effective Tax Rate 19.42 5.30 -3.34 38.17
Net Profit Margin 8.53 5.57 11.26 3.57
Normalized EBIT 4,497.00 3,921.00 4,567.00 3,477.00
Normalized EBITDA 9,786.00 9,440.00 9,671.00 9,053.00
Current Tax - Domestic 85.00 226.00 194.00 60.00
Current Tax - Local 5.00 -1.00 14.00 39.00
Current Tax - Total 90.00 225.00 208.00 99.00
Deferred Tax - Domestic 489.00 -99.00 -470.00 600.00
Deferred Tax - Local 267.00 16.00 161.00 78.00
Deferred Tax - Total 756.00 -83.00 -309.00 678.00
Other Tax -72.00 -24.00 -25.00 -24.00
Income Tax - Total 774.00 118.00 -126.00 753.00
Interest Cost - Domestic 883.00 -- -- --
Service Cost - Domestic 357.00 -- -- --
Prior Service Cost - Domestic 0.00 -- -- --
Expected Return on Assets - Domestic -1,225.00 -- -- --
Actuarial Gains and Losses - Domestic 414.00 -- -- --
Curtailments & Settlements - Domestic 17.00 -- -- --
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 446.00 -- -- --
Interest Cost - Post-Retirement 188.00 -- -- --
Service Cost - Post-Retirement 93.00 -- -- --
Prior Service Cost - Post-Retirement -179.00 -- -- --
Expected Return on Assets - Post-Retirement -153.00 -- -- --
Actuarial Gains and Losses - Post-Retirement 45.00 -- -- --
Curtailments & Settlements - Post-Retirement 1.00 -- -- --
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense -5.00 -- -- --
Defined Contribution Expense - Domestic 161.00 -- -- --
Total Pension Expense 602.00 -- -- --
Discount Rate - Domestic -- -- -- --
Discount Rate - Post-Retirement -- -- -- --
Expected Rate of Return - Domestic -- -- -- --
Expected Rate of Return - Post-Retirement -- -- -- --
Compensation Rate - Domestic -- -- -- --
Compensation Rate - Post-Retirement -- -- -- --
Total Plan Interest Cost 1,071.00 -- -- --
Total Plan Service Cost 450.00 -- -- --
Total Plan Expected Return -1,378.00 -- -- --
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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