Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Restated)
Electric Operations 36,347.00 33,039.00 34,438.00 35,978.00
Revenue 36,347.00 33,039.00 34,438.00 35,978.00
Total Revenue 36,347.00 33,039.00 34,438.00 35,978.00
Purchased Power 16,341.00 13,091.00 14,460.00 15,541.00
Cost of Revenue, Total 16,341.00 13,091.00 14,460.00 15,541.00
Operations & Maintenance 8,145.00 8,908.00 8,124.00 8,848.00
Depreciation 6,970.00 5,935.00 5,209.00 5,410.00
Amortization of Intangibles, Operating 89.00 92.00 80.00 72.00
Depreciation/Amortization 7,059.00 6,027.00 5,289.00 5,482.00
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Other Unusual Expense (Income) -201.00 -24.00 -32.00 -56.00
Unusual Expense (Income) -201.00 -24.00 -32.00 -56.00
Property & Other Taxes 1,766.00 1,714.00 1,732.00 1,783.00
Other Operating Expense 514.00 500.00 491.00 489.00
Other Operating Expenses, Total 2,280.00 2,214.00 2,223.00 2,272.00
Total Operating Expense 33,624.00 30,216.00 30,064.00 32,087.00
Operating Income 2,723.00 2,823.00 4,374.00 3,891.00
Interest Expense - Non-Operating -1,571.00 -1,635.00 -1,616.00 -1,554.00
Interest Expense, Net Non-Operating -1,571.00 -1,635.00 -1,616.00 -1,554.00
Interest Income (Expense), Net-Non-Operating, Total -1,571.00 -1,635.00 -1,616.00 -1,554.00
Other Non-Operating Income (Expense) 1,056.00 1,145.00 1,227.00 -112.00
Other, Net 1,056.00 1,145.00 1,227.00 -112.00
Net Income Before Taxes 2,208.00 2,333.00 3,985.00 2,225.00
Income Tax – Total 370.00 373.00 774.00 118.00
Income After Tax 1,838.00 1,960.00 3,211.00 2,107.00
Minority Interest -123.00 9.00 -92.00 -74.00
Equity In Affiliates -9.00 -6.00 -183.00 -28.00
Net Income Before Extraordinary Items 1,706.00 1,963.00 2,936.00 2,005.00
Net Income 1,706.00 1,963.00 2,936.00 2,005.00
Income Available to Common Excluding Extraordinary Items 1,706.00 1,963.00 2,936.00 2,005.00
Income Available to Common Stocks Including Extraordinary Items 1,706.00 1,963.00 2,936.00 2,005.00
Basic Weighted Average Shares 979.00 976.00 973.00 967.00
Basic EPS Excluding Extraordinary Items 1.74 2.01 3.02 2.07
Basic EPS Including Extraordinary Items 1.74 2.01 3.02 2.07
Dilution Adjustment -- -- -- --
Diluted Net Income 1,706.00 1,963.00 2,936.00 2,005.00
Diluted Weighted Average Shares 980.00 977.00 974.00 969.00
Diluted EPS Excluding Extraordinary Items 1.74 2.01 3.01 2.07
Diluted EPS Including Extraordinary Items 1.74 2.01 3.01 2.07
DPS - Common Stock Primary Issue 1.53 1.53 1.45 1.38
Gross Dividends - Common Stock 1,499.00 1,495.00 1,412.00 1,339.00
Impairment-Assets Held for Use, Supplemental 405.00 396.00 123.00 35.00
Litigation Charge, Supplemental -- -- -19.00 0.00
Restructuring Charge, Supplemental 9.00 -- -- --
Other Unusual Expense (Income), Supplemental 916.00 817.00 51.00 51.00
Non-Recurring Items, Total 1,330.00 1,213.00 155.00 86.00
Total Special Items 1,129.00 1,189.00 123.00 30.00
Normalized Income Before Taxes 3,337.00 3,522.00 4,108.00 2,255.00
Effect of Special Items on Income Taxes 189.19 190.10 23.89 1.59
Income Taxes Excluding Impact of Special Items 559.19 563.10 797.89 119.59
Normalized Income After Taxes 2,777.81 2,958.90 3,310.11 2,135.41
Normalized Income Available to Common 2,645.81 2,961.90 3,035.11 2,033.41
Basic Normalized EPS 2.70 3.03 3.12 2.10
Diluted Normalized EPS 2.70 3.03 3.12 2.10
Amortization of Intangibles, Supplemental 89.00 92.00 80.00 109.00
Depreciation, Supplemental 7,484.00 6,435.00 5,209.00 5,410.00
Interest Expense, Supplemental 1,571.00 1,635.00 1,616.00 1,554.00
Interest Capitalized, Supplemental -16.00 -22.00 -24.00 -31.00
Rental Expense, Supplemental 245.00 292.00 639.00 670.00
Stock-Based Compensation, Supplemental 142.00 64.00 57.00 154.00
Equity in Affiliates, Supplemental -9.00 -6.00 -183.00 -28.00
Minority Interest, Supplemental -123.00 9.00 -92.00 -74.00
Audit-Related Fees, Supplemental 24.43 25.34 26.60 27.72
Audit-Related Fees 1.08 0.93 1.57 1.44
Tax Fees, Supplemental 1.53 0.79 2.16 1.09
All Other Fees Paid to Auditor, Supplemental 1.23 1.48 0.74 0.38
Operating Margin 7.49 8.54 12.70 10.81
Pretax Margin 6.07 7.06 11.57 6.18
Effective Tax Rate 16.76 15.99 19.42 5.30
Net Profit Margin 4.69 5.94 8.53 5.57
Normalized EBIT 3,852.00 4,012.00 4,497.00 3,921.00
Normalized EBITDA 11,425.00 10,539.00 9,786.00 9,440.00
Current Tax - Domestic 322.00 26.00 85.00 226.00
Current Tax - Local 32.00 42.00 5.00 -1.00
Current Tax - Total 354.00 68.00 90.00 225.00
Deferred Tax - Domestic -66.00 156.00 489.00 -99.00
Deferred Tax - Local 100.00 177.00 267.00 16.00
Deferred Tax - Total 34.00 333.00 756.00 -83.00
Other Tax -18.00 -28.00 -72.00 -24.00
Income Tax - Total 370.00 373.00 774.00 118.00
Interest Cost - Domestic 641.00 757.00 883.00 --
Service Cost - Domestic 439.00 387.00 357.00 --
Prior Service Cost - Domestic 3.00 4.00 0.00 --
Expected Return on Assets - Domestic -1,336.00 -1,270.00 -1,225.00 --
Actuarial Gains and Losses - Domestic 598.00 512.00 414.00 --
Curtailments & Settlements - Domestic 27.00 14.00 17.00 --
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 372.00 404.00 446.00 --
Interest Cost - Post-Retirement 114.00 154.00 188.00 --
Service Cost - Post-Retirement 80.00 90.00 93.00 --
Prior Service Cost - Post-Retirement -34.00 -124.00 -179.00 --
Expected Return on Assets - Post-Retirement -158.00 -163.00 -153.00 --
Actuarial Gains and Losses - Post-Retirement 37.00 49.00 45.00 --
Curtailments & Settlements - Post-Retirement 1.00 0.00 1.00 --
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 40.00 6.00 -5.00 --
Defined Contribution Expense - Domestic 143.00 158.00 161.00 --
Total Pension Expense 555.00 568.00 602.00 --
Discount Rate - Domestic 2.58 3.34 -- --
Discount Rate - Post-Retirement 2.51 3.31 -- --
Expected Rate of Return - Domestic 7.00 7.00 -- --
Expected Rate of Return - Post-Retirement 6.46 6.69 -- --
Compensation Rate - Domestic -- -- -- --
Compensation Rate - Post-Retirement -- -- -- --
Total Plan Interest Cost 755.00 911.00 1,071.00 --
Total Plan Service Cost 519.00 477.00 450.00 --
Total Plan Expected Return -1,494.00 -1,433.00 -1,378.00 --
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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