Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Restated)
Electric Operations 33,039.00 34,438.00 35,978.00 33,558.00
Revenue 33,039.00 34,438.00 35,978.00 33,558.00
Total Revenue 33,039.00 34,438.00 35,978.00 33,558.00
Purchased Power 13,091.00 14,460.00 15,541.00 12,904.00
Cost of Revenue, Total 13,091.00 14,460.00 15,541.00 12,904.00
Operations & Maintenance 8,908.00 8,124.00 8,848.00 9,557.00
Depreciation 5,935.00 5,209.00 5,410.00 4,867.00
Amortization of Intangibles, Operating 92.00 80.00 72.00 92.00
Depreciation/Amortization 6,027.00 5,289.00 5,482.00 4,959.00
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Other Unusual Expense (Income) -24.00 -32.00 -56.00 -216.00
Unusual Expense (Income) -24.00 -32.00 -56.00 -216.00
Property & Other Taxes 1,714.00 1,732.00 1,783.00 1,731.00
Other Operating Expense 500.00 491.00 489.00 235.00
Other Operating Expenses, Total 2,214.00 2,223.00 2,272.00 1,966.00
Total Operating Expense 30,216.00 30,064.00 32,087.00 29,170.00
Operating Income 2,823.00 4,374.00 3,891.00 4,388.00
Interest Expense - Non-Operating -1,635.00 -1,616.00 -1,554.00 -1,560.00
Interest Expense, Net Non-Operating -1,635.00 -1,616.00 -1,554.00 -1,560.00
Interest Income (Expense), Net-Non-Operating, Total -1,635.00 -1,616.00 -1,554.00 -1,560.00
Other Non-Operating Income (Expense) 1,145.00 1,227.00 -112.00 947.00
Other, Net 1,145.00 1,227.00 -112.00 947.00
Net Income Before Taxes 2,333.00 3,985.00 2,225.00 3,775.00
Income Tax – Total 373.00 774.00 118.00 -126.00
Income After Tax 1,960.00 3,211.00 2,107.00 3,901.00
Minority Interest 9.00 -92.00 -74.00 -90.00
Equity In Affiliates -6.00 -183.00 -28.00 -32.00
Net Income Before Extraordinary Items 1,963.00 2,936.00 2,005.00 3,779.00
Net Income 1,963.00 2,936.00 2,005.00 3,779.00
Income Available to Common Excluding Extraordinary Items 1,963.00 2,936.00 2,005.00 3,779.00
Income Available to Common Stocks Including Extraordinary Items 1,963.00 2,936.00 2,005.00 3,779.00
Basic Weighted Average Shares 976.00 973.00 967.00 947.00
Basic EPS Excluding Extraordinary Items 2.01 3.02 2.07 3.99
Basic EPS Including Extraordinary Items 2.01 3.02 2.07 3.99
Dilution Adjustment -- -- -- --
Diluted Net Income 1,963.00 2,936.00 2,005.00 3,779.00
Diluted Weighted Average Shares 977.00 974.00 969.00 949.00
Diluted EPS Excluding Extraordinary Items 2.01 3.01 2.07 3.98
Diluted EPS Including Extraordinary Items 2.01 3.01 2.07 3.98
DPS - Common Stock Primary Issue 1.53 1.45 1.38 1.31
Gross Dividends - Common Stock 1,495.00 1,412.00 1,339.00 1,243.00
Impairment-Assets Held for Use, Supplemental 396.00 123.00 35.00 321.00
Litigation Charge, Supplemental -- -19.00 0.00 0.00
Other Unusual Expense (Income), Supplemental 817.00 51.00 51.00 74.00
Non-Recurring Items, Total 1,213.00 155.00 86.00 395.00
Total Special Items 1,189.00 123.00 30.00 179.00
Normalized Income Before Taxes 3,522.00 4,108.00 2,255.00 3,954.00
Effect of Special Items on Income Taxes 190.10 23.89 1.59 62.65
Income Taxes Excluding Impact of Special Items 563.10 797.89 119.59 -63.35
Normalized Income After Taxes 2,958.90 3,310.11 2,135.41 4,017.35
Normalized Income Available to Common 2,961.90 3,035.11 2,033.41 3,895.35
Basic Normalized EPS 3.03 3.12 2.10 4.11
Diluted Normalized EPS 3.03 3.12 2.10 4.10
Amortization of Intangibles, Supplemental 92.00 80.00 109.00 237.00
Depreciation, Supplemental 6,435.00 5,209.00 5,410.00 4,867.00
Interest Expense, Supplemental 1,635.00 1,616.00 1,554.00 1,560.00
Interest Capitalized, Supplemental -22.00 -24.00 -31.00 -63.00
Rental Expense, Supplemental 292.00 639.00 670.00 709.00
Stock-Based Compensation, Supplemental 64.00 57.00 154.00 117.00
Equity in Affiliates, Supplemental -6.00 -183.00 -28.00 -32.00
Minority Interest, Supplemental 9.00 -92.00 -74.00 -90.00
Audit-Related Fees, Supplemental 25.34 26.60 27.72 --
Audit-Related Fees 0.93 1.57 1.44 --
Tax Fees, Supplemental 0.79 2.16 1.09 --
All Other Fees Paid to Auditor, Supplemental 1.48 0.74 0.38 --
Operating Margin 8.54 12.70 10.81 13.08
Pretax Margin 7.06 11.57 6.18 11.25
Effective Tax Rate 15.99 19.42 5.30 -3.34
Net Profit Margin 5.94 8.53 5.57 11.26
Normalized EBIT 4,012.00 4,497.00 3,921.00 4,567.00
Normalized EBITDA 10,539.00 9,786.00 9,440.00 9,671.00
Current Tax - Domestic 26.00 85.00 226.00 194.00
Current Tax - Local 42.00 5.00 -1.00 14.00
Current Tax - Total 68.00 90.00 225.00 208.00
Deferred Tax - Domestic 156.00 489.00 -99.00 -470.00
Deferred Tax - Local 177.00 267.00 16.00 161.00
Deferred Tax - Total 333.00 756.00 -83.00 -309.00
Other Tax -28.00 -72.00 -24.00 -25.00
Income Tax - Total 373.00 774.00 118.00 -126.00
Interest Cost - Domestic 757.00 883.00 -- --
Service Cost - Domestic 387.00 357.00 -- --
Prior Service Cost - Domestic 4.00 0.00 -- --
Expected Return on Assets - Domestic -1,270.00 -1,225.00 -- --
Actuarial Gains and Losses - Domestic 512.00 414.00 -- --
Curtailments & Settlements - Domestic 14.00 17.00 -- --
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 404.00 446.00 -- --
Interest Cost - Post-Retirement 154.00 188.00 -- --
Service Cost - Post-Retirement 90.00 93.00 -- --
Prior Service Cost - Post-Retirement -124.00 -179.00 -- --
Expected Return on Assets - Post-Retirement -163.00 -153.00 -- --
Actuarial Gains and Losses - Post-Retirement 49.00 45.00 -- --
Curtailments & Settlements - Post-Retirement 0.00 1.00 -- --
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 6.00 -5.00 -- --
Defined Contribution Expense - Domestic 158.00 161.00 -- --
Total Pension Expense 568.00 602.00 -- --
Discount Rate - Domestic 3.34 -- -- --
Discount Rate - Post-Retirement 3.31 -- -- --
Expected Rate of Return - Domestic 7.00 -- -- --
Expected Rate of Return - Post-Retirement 6.69 -- -- --
Compensation Rate - Domestic -- -- -- --
Compensation Rate - Post-Retirement -- -- -- --
Total Plan Interest Cost 911.00 1,071.00 -- --
Total Plan Service Cost 477.00 450.00 -- --
Total Plan Expected Return -1,433.00 -1,378.00 -- --
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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