Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified)
Electric Operations 22,226.00 23,320.00 22,748.00 21,831.00
Gas Operations 1,642.00 1,759.00 1,773.00 1,734.00
Revenue 23,868.00 25,079.00 24,521.00 23,565.00
Total Revenue 23,868.00 25,079.00 24,521.00 23,565.00
Purchased Power 460.00 627.00 697.00 632.00
Fuel Purchased for Resale 6,051.00 6,826.00 6,831.00 6,350.00
Cost of Revenue, Total 6,511.00 7,453.00 7,528.00 6,982.00
Fuel Expense -- -- -- --
Operations & Maintenance 5,612.00 6,066.00 6,463.00 5,944.00
Depreciation 4,705.00 4,548.00 4,074.00 3,527.00
Depreciation/Amortization 4,705.00 4,548.00 4,074.00 3,527.00
Impairment-Assets Held for Use 984.00 -8.00 402.00 282.00
Other Unusual Expense (Income) 166.00 4.00 89.00 -28.00
Unusual Expense (Income) 1,150.00 -4.00 491.00 254.00
Property & Other Taxes 1,337.00 1,307.00 1,280.00 1,233.00
Other Operating Expenses, Total 1,337.00 1,307.00 1,280.00 1,233.00
Total Operating Expense 19,315.00 19,370.00 19,836.00 17,940.00
Operating Income 4,553.00 5,709.00 4,685.00 5,625.00
Interest Expense - Non-Operating -2,162.00 -2,204.00 -2,094.00 -1,986.00
Interest Expense, Net Non-Operating -2,162.00 -2,204.00 -2,094.00 -1,986.00
Interest Income, Non-Operating 32.00 31.00 20.00 13.00
Investment Income, Non-Operating -1,851.00 301.00 304.00 356.00
Interest/Investment Income, Non-Operating -1,819.00 332.00 324.00 369.00
Interest Income (Expense), Net-Non-Operating, Total -3,981.00 -1,872.00 -1,770.00 -1,617.00
Gain (Loss) on Sale of Assets -- -- -- --
Other Non-Operating Income (Expense) 267.00 260.00 158.00 258.00
Other, Net 267.00 260.00 158.00 258.00
Net Income Before Taxes 839.00 4,097.00 3,073.00 4,266.00
Income Tax – Total -236.00 519.00 428.00 1,308.00
Income After Tax 1,075.00 3,578.00 2,645.00 2,958.00
Minority Interest 295.00 177.00 22.00 -5.00
Net Income Before Extraordinary Items 1,370.00 3,755.00 2,667.00 2,953.00
Discontinued Operations 7.00 -7.00 19.00 -6.00
Extraordinary Item -- -- -20.00 112.00
Total Extraordinary Items 7.00 -7.00 -1.00 106.00
Net Income 1,377.00 3,748.00 2,666.00 3,059.00
Preferred Dividends -107.00 -41.00 -- --
Total Adjustments to Net Income -107.00 -41.00 -- --
Income Available to Common Excluding Extraordinary Items 1,263.00 3,714.00 2,667.00 2,953.00
Income Available to Common Stocks Including Extraordinary Items 1,270.00 3,707.00 2,666.00 3,059.00
Basic Weighted Average Shares 737.00 729.00 708.00 700.00
Basic EPS Excluding Extraordinary Items 1.71 5.09 3.77 4.22
Basic EPS Including Extraordinary Items 1.72 5.09 3.77 4.37
Diluted Net Income 1,270.00 3,707.00 2,666.00 3,059.00
Diluted Weighted Average Shares 738.00 729.00 708.00 700.00
Diluted EPS Excluding Extraordinary Items 1.71 5.09 3.77 4.22
Diluted EPS Including Extraordinary Items 1.72 5.09 3.77 4.37
DPS - Common Stock Primary Issue 3.82 3.75 3.64 3.49
Gross Dividends - Common Stock 2,815.00 2,735.00 2,578.00 2,450.00
Impairment-Assets Held for Use, Supplemental -- -- 315.00 --
Litigation Charge, Supplemental -- -- 265.00 158.00
Restructuring Charge, Supplemental -- -- 187.00 --
Other Unusual Expense (Income), Supplemental -- -- 104.00 103.00
Non-Recurring Items, Total -- -- 871.00 261.00
Total Special Items 1,150.00 -4.00 1,362.00 515.00
Normalized Income Before Taxes 1,989.00 4,093.00 4,435.00 4,781.00
Effect of Special Items on Income Taxes 402.50 -0.51 189.70 157.90
Income Taxes Excluding Impact of Special Items 166.50 518.49 617.70 1,465.90
Normalized Income After Taxes 1,822.50 3,574.51 3,817.30 3,315.10
Normalized Income Available to Common 2,010.50 3,710.51 3,839.30 3,310.10
Basic Normalized EPS 2.73 5.09 5.42 4.73
Diluted Normalized EPS 2.72 5.09 5.42 4.73
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 5,486.00 5,176.00 4,696.00 4,046.00
Interest Expense, Supplemental 2,162.00 2,204.00 2,094.00 1,986.00
Interest Capitalized, Supplemental -5.00 -5.00 -5.00 -4.00
Rental Expense, Supplemental 283.00 355.00 268.00 241.00
Stock-Based Compensation, Supplemental 84.00 89.00 78.00 68.00
Equity in Affiliates, Supplemental -2,005.00 162.00 83.00 119.00
Minority Interest, Supplemental 295.00 177.00 22.00 -5.00
Audit-Related Fees, Supplemental -- 13.50 14.00 13.60
Audit-Related Fees -- 0.60 0.40 0.20
Tax Fees, Supplemental -- 0.20 0.60 1.70
All Other Fees Paid to Auditor, Supplemental -- -- 0.00 0.10
Operating Margin 19.08 22.76 19.11 23.87
Pretax Margin 3.52 16.34 12.53 18.10
Effective Tax Rate -28.13 12.67 13.93 30.66
Net Profit Margin 5.29 14.81 10.88 12.53
Normalized EBIT 5,703.00 5,705.00 6,047.00 6,140.00
Normalized EBITDA 11,189.00 10,881.00 10,743.00 10,186.00
Current Tax - Domestic -281.00 -299.00 -647.00 -247.00
Current Tax - Foreign 1.00 2.00 3.00 3.00
Current Tax - Local -9.00 10.00 -11.00 4.00
Current Tax - Total -289.00 -287.00 -655.00 -240.00
Deferred Tax - Domestic 155.00 855.00 1,064.00 1,344.00
Deferred Tax - Foreign -- -- -- --
Deferred Tax - Local -92.00 -38.00 29.00 214.00
Deferred Tax - Total 63.00 817.00 1,093.00 1,558.00
Other Tax -10.00 -11.00 -10.00 -10.00
Income Tax - Total -236.00 519.00 428.00 1,308.00
Interest Cost - Domestic 269.00 317.00 311.00 341.00
Service Cost - Domestic 165.00 158.00 184.00 161.00
Prior Service Cost - Domestic 18.00 6.00 -32.00 -2.00
Expected Return on Assets - Domestic -572.00 -567.00 -559.00 -545.00
Actuarial Gains and Losses - Domestic 128.00 108.00 132.00 146.00
Curtailments & Settlements - Domestic -- -- -- 12.00
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -32.00 -32.00 -32.00 8.00
Domestic Pension Plan Expense -24.00 -10.00 4.00 121.00
Interest Cost - Post-Retirement 23.00 30.00 28.00 34.00
Service Cost - Post-Retirement 4.00 4.00 6.00 4.00
Prior Service Cost - Post-Retirement -14.00 -19.00 -19.00 -115.00
Expected Return on Assets - Post-Retirement -13.00 -12.00 -13.00 -14.00
Transition Costs - Post-Retirement -- -- -- --
Other Post-Retirement, Net 10.00 4.00 6.00 10.00
Post-Retirement Plan Expense 10.00 7.00 8.00 -81.00
Defined Contribution Expense - Domestic 213.00 214.00 213.00 179.00
Total Pension Expense 199.00 211.00 225.00 219.00
Discount Rate - Post-Retirement -- -- -- 3.60
Expected Rate of Return - Domestic -- -- -- 6.50
Expected Rate of Return - Post-Retirement -- -- -- 6.50
Total Plan Interest Cost 292.00 347.00 339.00 375.00
Total Plan Service Cost 169.00 162.00 190.00 165.00
Total Plan Expected Return -585.00 -579.00 -572.00 -559.00
Total Plan Other Expense -22.00 -28.00 -26.00 18.00

In millions of USD (except for per share items)

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