View Filing Data

Operation and maintenance

(819,000,000)

(759,000,000)

^[1]

(2,383,000,000)

(2,226,000,000)

^[1]

Franchise fees and other taxes

(380,000,000)

(378,000,000)

^[1]

(1,158,000,000)

(1,106,000,000)

^[1],[2]

(131,000,000)

(114,000,000)

^[1]

(352,000,000)

(325,000,000)

^[1]

(351,000,000)

^[1]

(351,000,000)

^[1]

Income (loss) before income taxes and equity earnings of unconsolidated subsidiaries

351,000,000

^[1]

351,000,000

^[1]

Impairment losses

(4,000,000)

(1,000,000)

^[1]

(1,304,000,000)

(72,000,000)

^[1],[2]

Other income, net

97,000,000

40,000,000

^[1]

196,000,000

322,000,000

^[1]

Interest income

22,000,000

12,000,000

^[1]

76,000,000

26,000,000

^[1]

Interest expense

(232,000,000)

(165,000,000)

^[1]

(685,000,000)

(493,000,000)

^[1]

427,000,000

5,000,000

^[1]

(15,000,000)

1,154,000,000

^[1]

Income tax benefit (expense)

(167,000,000)

84,000,000

^[1]

127,000,000

(378,000,000)

^[1]

Equity earnings

74,000,000

13,000,000

^[1]

50,000,000

26,000,000

^[1]

Net (loss) income

334,000,000

102,000,000

^[1]

162,000,000

802,000,000

^[1],[2]

Earnings attributable to noncontrolling interest

(24,000,000)

(45,000,000)

^[1]

(12,000,000)

(44,000,000)

^[1]

Mandatory convertible preferred stock dividends

(36,000,000)

^[1]

(89,000,000)

^[1]

Earnings attributable to common shares

^[1]

(1,000,000)

^[1]

$ 274,000,000

$ 57,000,000

^[1]

$ 60,000,000

$ 757,000,000

^[1]

Basic earnings per common share

$ 1.00

$ 0.23

^[1]

$ 0.23

$ 3.01

^[1]

Weighted-average number of shares outstanding, basic

273,944

251,692

^[1]

265,963

251,425

^[1]

Diluted earnings per common share

$ 0.99

$ 0.22

^[1]

$ 0.22

$ 2.99

^[1]

Weighted-average number of shares outstanding, diluted (thousands)

275,907

253,364

^[1]

267,644

252,987

^[1]

Cost of electric fuel and purchased power [Member]

Cost of natural gas [Member]

$ (675,000,000)

$ (650,000,000)

^[1]

$ (1,778,000,000)

$ (1,730,000,000)

^[1]

Cost of natural gas, electric fuel and purchased power [Member]

(255,000,000)

(190,000,000)

^[1]

(782,000,000)

(903,000,000)

^[1]

Other cost of sales [Member]

(119,000,000)

(97,000,000)

^[1]

(257,000,000)

(226,000,000)

^[1]

(17,000,000)

(21,000,000)

^[1]

(54,000,000)

(5,000,000)

^[1]

Utilities operating revenue

REVENUES

Electric

1,192,000,000

1,131,000,000

^[1]

3,014,000,000

2,952,000,000

^[1]

Natural gas

107,000,000

105,000,000

^[1]

391,000,000

399,000,000

^[1]

1,299,000,000

1,236,000,000

^[1]

3,405,000,000

3,351,000,000

^[1]

(351,000,000)

^[2]

Cost of electric fuel and purchased power

448,000,000

417,000,000

^[1]

1,045,000,000

994,000,000

^[1]

Cost of natural gas

30,000,000

29,000,000

^[1]

110,000,000

132,000,000

^[1]

Operation and maintenance

262,000,000

253,000,000

^[1]

761,000,000

725,000,000

^[1]

Franchise fees and other taxes

174,000,000

170,000,000

^[2]

509,000,000

499,000,000

^[1]

85,000,000

74,000,000

^[1]

217,000,000

197,000,000

^[1]

Income (loss) before income taxes and equity earnings of unconsolidated subsidiaries

351,000,000

^[2]

Total operating expenses

999,000,000

1,294,000,000

^[1]

2,642,000,000

2,898,000,000

^[1]

Operating income (loss)

300,000,000

(58,000,000)

^[1]

763,000,000

453,000,000

^[1]

Other income, net

24,000,000

20,000,000

^[1]

77,000,000

61,000,000

^[1]

Interest income

1,000,000

^[1]

3,000,000

^[1]

Interest expense

(56,000,000)

(53,000,000)

^[1]

(161,000,000)

(151,000,000)

^[1]

269,000,000

(91,000,000)

^[1]

682,000,000

363,000,000

^[1]

Income tax benefit (expense)

(53,000,000)

72,000,000

^[1]

(151,000,000)

(72,000,000)

^[1]

Net (loss) income

216,000,000

(19,000,000)

^[1]

531,000,000

291,000,000

^[1],[2]

Earnings attributable to noncontrolling interest

(11,000,000)

(9,000,000)

^[1]

(10,000,000)

(15,000,000)

^[1]

Earnings attributable to common shares

205,000,000

(28,000,000)

^[1]

521,000,000

276,000,000

^[1]

Utilities operating revenue

REVENUES

802,000,000

684,000,000

^[1]

2,700,000,000

2,695,000,000

^[1]

Operation and maintenance

Cost of natural gas

224,000,000

153,000,000

^[1]

663,000,000

740,000,000

^[1]

394,000,000

360,000,000

^[1]

1,160,000,000

1,067,000,000

^[1]

Franchise fees and other taxes

141,000,000

132,000,000

414,000,000

384,000,000

^[1]

38,000,000

34,000,000

^[1]

111,000,000

107,000,000

^[1]

Total operating expenses

797,000,000

679,000,000

^[1]

2,348,000,000

2,298,000,000

^[1]

Operating income (loss)

5,000,000

^[1]

352,000,000

397,000,000

^[1]

Other income, net

3,000,000

13,000,000

^[1]

49,000,000

51,000,000

^[1]

Interest income

1,000,000

Interest expense

(29,000,000)

(26,000,000)

^[1]

(82,000,000)

(77,000,000)

^[1]

Income (loss) before income taxes and equity earnings of unconsolidated subsidiaries

(21,000,000)

(7,000,000)

^[1]

320,000,000

372,000,000

^[1]

Income tax benefit (expense)

7,000,000

14,000,000

^[1]

(75,000,000)

(103,000,000)

^[1]

Net (loss) income

(14,000,000)

7,000,000

^[1]

245,000,000

269,000,000

^[1]

Preferred dividend requirements

^[1]

1,000,000

^[1]

Earnings attributable to common shares

$ (14,000,000)

$ 7,000,000

^[1]

$ 244,000,000

$ 268,000,000

^[1]

[1]	As adjusted for the retrospective adoption of ASU 2017-07, which we discuss in Note 2, and a reclassification to conform to current year presentation, which we discuss in Note 1.
[2]	As adjusted for the retrospective adoption of ASU 2016-15 and ASU 2016-18, which we discuss in Note 2.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

$ 334,000,000

$ 102,000,000

^[1]

$ 162,000,000

$ 802,000,000

^[1],[2]

(9,000,000)

47,000,000

32,000,000

86,000,000

Mandatory convertible preferred stock dividends

^[1]

(1,000,000)

^[1]

(36,000,000)

^[1]

(89,000,000)

^[1]

Pretax amount [Member]

477,000,000

(27,000,000)

23,000,000

1,136,000,000

(16,000,000)

27,000,000

(78,000,000)

76,000,000

22,000,000

7,000,000

145,000,000

(29,000,000)

(14,000,000)

11,000,000

(8,000,000)

16,000,000

(8,000,000)

45,000,000

59,000,000

63,000,000

469,000,000

18,000,000

82,000,000

1,199,000,000

(1,000,000)

Income tax (expense) benefit [Member]

81,000,000

1,198,000,000

(167,000,000)

84,000,000

127,000,000

(378,000,000)

(7,000,000)

(1,000,000)

(45,000,000)

13,000,000

4,000,000

(4,000,000)

3,000,000

(6,000,000)

(3,000,000)

(5,000,000)

(42,000,000)

7,000,000

(170,000,000)

79,000,000

85,000,000

(371,000,000)

Net-of-tax amount [Member]

85,000,000

(371,000,000)

310,000,000

57,000,000

150,000,000

758,000,000

(16,000,000)

27,000,000

(78,000,000)

76,000,000

15,000,000

6,000,000

100,000,000

(16,000,000)

(10,000,000)

7,000,000

(5,000,000)

10,000,000

(11,000,000)

40,000,000

17,000,000

70,000,000

299,000,000

97,000,000

167,000,000

828,000,000

(1,000,000)

Noncontrolling Interests (after-tax) [Member]

166,000,000

827,000,000

24,000,000

45,000,000

12,000,000

44,000,000

(2,000,000)

(1,000,000)

(5,000,000)

10,000,000

4,000,000

8,000,000

20,000,000

6,000,000

2,000,000

7,000,000

15,000,000

16,000,000

26,000,000

52,000,000

27,000,000

60,000,000

27,000,000

60,000,000

Total [Member]

334,000,000

102,000,000

162,000,000

802,000,000

(18,000,000)

26,000,000

(83,000,000)

86,000,000

19,000,000

14,000,000

120,000,000

(10,000,000)

(10,000,000)

7,000,000

(5,000,000)

10,000,000

(9,000,000)

47,000,000

32,000,000

86,000,000

325,000,000

149,000,000

194,000,000

888,000,000

(1,000,000)

193,000,000

887,000,000

216,000,000

(19,000,000)

^[1]

531,000,000

291,000,000

^[1],[2]

San Diego Gas and Electric Company [Member] | Pretax amount [Member]

(4,000,000)

4,000,000

1,000,000

8,000,000

258,000,000

(100,000,000)

672,000,000

348,000,000

(8,000,000)

1,000,000

(8,000,000)

1,000,000

(8,000,000)

1,000,000

(8,000,000)

1,000,000

San Diego Gas and Electric Company [Member] | Income tax (expense) benefit [Member]

250,000,000

(99,000,000)

664,000,000

349,000,000

(53,000,000)

72,000,000

(151,000,000)

(72,000,000)

2,000,000

2,000,000

San Diego Gas and Electric Company [Member] | Net-of-tax amount [Member]

(51,000,000)

72,000,000

(149,000,000)

(72,000,000)

205,000,000

(28,000,000)

521,000,000

276,000,000

(6,000,000)

1,000,000

(6,000,000)

1,000,000

(6,000,000)

1,000,000

(6,000,000)

1,000,000

San Diego Gas and Electric Company [Member] | Noncontrolling Interests (after-tax) [Member]

199,000,000

(27,000,000)

515,000,000

277,000,000

11,000,000

9,000,000

10,000,000

15,000,000

2,000,000

3,000,000

7,000,000

2,000,000

3,000,000

7,000,000

San Diego Gas and Electric Company [Member] | Total [Member]

13,000,000

12,000,000

17,000,000

22,000,000

216,000,000

(19,000,000)

531,000,000

291,000,000

2,000,000

3,000,000

7,000,000

(6,000,000)

1,000,000

(6,000,000)

1,000,000

(4,000,000)

4,000,000

1,000,000

8,000,000

212,000,000

(15,000,000)

532,000,000

299,000,000

(14,000,000)

7,000,000

^[1]

245,000,000

269,000,000

^[1]

Southern California Gas Company [Member] | Pretax amount [Member]

1,000,000

(21,000,000)

(7,000,000)

320,000,000

372,000,000

1,000,000

1,000,000

Southern California Gas Company [Member] | Income tax (expense) benefit [Member]

(21,000,000)

(7,000,000)

321,000,000

373,000,000

7,000,000

14,000,000

(75,000,000)

(103,000,000)

Southern California Gas Company [Member] | Net-of-tax amount [Member]

7,000,000

14,000,000

(75,000,000)

(103,000,000)

(14,000,000)

7,000,000

245,000,000

269,000,000

1,000,000

1,000,000

Cash and cash equivalents

$ (14,000,000)

$ 7,000,000

$ 246,000,000

$ 270,000,000

[1]	As adjusted for the retrospective adoption of ASU 2017-07, which we discuss in Note 2, and a reclassification to conform to current year presentation, which we discuss in Note 1.
[2]	As adjusted for the retrospective adoption of ASU 2016-15 and ASU 2016-18, which we discuss in Note 2.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)

Sep. 30, 2018

Dec. 31, 2017

Current assets:

$ 212,000,000

$ 288,000,000

^[1]

Accounts receivable – trade, net

73,000,000

62,000,000

^[1]

1,252,000,000

1,307,000,000

^[1]

Accounts receivable – other, net

411,000,000

277,000,000

^[1]

43,000,000

37,000,000

^[1]

Income taxes receivable

99,000,000

110,000,000

^[1]

Inventories

345,000,000

307,000,000

^[1]

92,000,000

325,000,000

^[1]

96,000,000

66,000,000

^[1]

339,000,000

299,000,000

^[1]

Assets held for sale

1,881,000,000

127,000,000

^[1]

202,000,000

136,000,000

^[1]

Total current assets

5,045,000,000

3,341,000,000

^[1]

Other assets:

3,000,000

14,000,000

^[1]

682,000,000

598,000,000

^[1]

Nuclear decommissioning trusts

1,469,000,000

1,517,000,000

^[1]

1,042,000,000

1,033,000,000

^[1]

Investment in Oncor Holdings

9,553,000,000

^[1]

Other investments

2,561,000,000

2,527,000,000

^[1]

Goodwill

2,363,000,000

2,397,000,000

^[1]

Other intangible assets

229,000,000

596,000,000

^[1]

Dedicated assets in support of certain benefit plans

443,000,000

455,000,000

^[1]

474,000,000

418,000,000

^[1]

116,000,000

170,000,000

^[1]

Property, plant and equipment

275,000,000

93,000,000

^[1]

Sundry

852,000,000

792,000,000

^[1]

Total other assets

20,062,000,000

10,610,000,000

^[1]

Property, plant and equipment:

47,734,000,000

48,108,000,000

^[1]

Less accumulated depreciation and amortization

(12,236,000,000)

(11,605,000,000)

^[1]

35,498,000,000

36,503,000,000

^[1]

Total assets

60,605,000,000

50,454,000,000

^[1]

Current liabilities:

Short-term debt

2,897,000,000

1,540,000,000

^[1]

Accounts payable – trade

1,199,000,000

1,350,000,000

^[1]

Accounts payable – other

176,000,000

173,000,000

^[1]

Dividends and interest payable

7,000,000

^[1]

495,000,000

342,000,000

^[1]

Accrued compensation and benefits

356,000,000

439,000,000

^[1]

284,000,000

109,000,000

^[1]

1,464,000,000

1,427,000,000

^[1]

Reserve for Aliso Canyon costs

63,000,000

109,000,000

^[1]

Customer deposits

172,000,000

162,000,000

^[1]

161,000,000

84,000,000

^[1]

Liabilities held for sale

339,000,000

299,000,000

^[1]

156,000,000

49,000,000

^[1]

Total current liabilities

722,000,000

545,000,000

^[1]

8,491,000,000

6,635,000,000

^[1]

Long-term debt

21,335,000,000

16,445,000,000

^[1]

Deferred credits and other liabilities:

Customer advances for construction

146,000,000

150,000,000

^[1]

Pension and other postretirement benefit plan obligations, net of plan assets

36,000,000

35,000,000

^[1]

1,052,000,000

1,148,000,000

^[1]

Deferred investment tax credits

2,231,000,000

2,767,000,000

^[1]

25,000,000

28,000,000

^[1]

3,974,000,000

3,922,000,000

^[1]

2,750,000,000

2,732,000,000

^[1]

235,000,000

316,000,000

^[1]

Deferred credits and other

102,000,000

^[1]

1,117,000,000

1,136,000,000

^[1]

Total deferred credits and other liabilities

11,668,000,000

12,234,000,000

^[1]

Commitments and contingencies (Note 11)

^[1]

Equity:

Common stock

5,485,000,000

3,149,000,000

^[1]

Retained earnings

9,485,000,000

10,147,000,000

^[1]

Accumulated other comprehensive income (loss)

(612,000,000)

(626,000,000)

^[1]

Total shareholders’ equity

16,617,000,000

12,670,000,000

^[1]

Preferred stock of subsidiary

20,000,000

^[1]

Other noncontrolling interests

2,474,000,000

2,450,000,000

^[1]

Total equity

19,111,000,000

15,140,000,000

^[1]

Total liabilities and equity

60,605,000,000

50,454,000,000

^[1]

Cash and cash equivalents

Current assets:

27,000,000

12,000,000

^[1]

Accounts receivable – trade, net

17,000,000

6,000,000

^[1]

470,000,000

362,000,000

^[1]

Accounts receivable – other, net

133,000,000

79,000,000

^[1]

1,000,000

^[1]

Inventories

103,000,000

105,000,000

^[1]

Prepaid expenses

97,000,000

58,000,000

^[1]

77,000,000

316,000,000

^[1]

34,000,000

42,000,000

^[1]

119,000,000

116,000,000

^[1]

35,000,000

4,000,000

^[1]

Total current assets

1,113,000,000

1,100,000,000

^[1]

Other assets:

11,000,000

^[1]

Nuclear decommissioning trusts

399,000,000

451,000,000

^[1]

1,042,000,000

1,033,000,000

^[1]

Property, plant and equipment

153,000,000

83,000,000

^[1]

Sundry

281,000,000

328,000,000

^[1]

Total other assets

1,875,000,000

1,906,000,000

^[1]

Property, plant and equipment:

20,749,000,000

19,787,000,000

^[1]

Less accumulated depreciation and amortization

(5,225,000,000)

(4,949,000,000)

^[1]

15,524,000,000

14,838,000,000

^[1]

Total assets

18,512,000,000

17,844,000,000

^[1]

Current liabilities:

Short-term debt

48,000,000

253,000,000

^[1]

Accounts payable

413,000,000

501,000,000

^[1]

Accrued compensation and benefits

303,000,000

40,000,000

^[1]

Interest payable

58,000,000

41,000,000

^[1]

91,000,000

122,000,000

^[1]

73,000,000

18,000,000

^[1]

Accrued franchise fees

58,000,000

59,000,000

^[1]

336,000,000

220,000,000

^[1]

92,000,000

77,000,000

^[1]

46,000,000

60,000,000

^[1]

Customer deposits

69,000,000

^[1]

119,000,000

116,000,000

^[1]

Total current liabilities

78,000,000

46,000,000

^[1]

1,784,000,000

1,622,000,000

^[1]

Long-term debt

5,404,000,000

5,335,000,000

^[1]

Deferred credits and other liabilities:

Customer advances for construction

47,000,000

57,000,000

^[1]

Pension and other postretirement benefit plan obligations, net of plan assets

172,000,000

182,000,000

^[1]

Deferred investment tax credits

1,632,000,000

1,530,000,000

^[1]

16,000,000

18,000,000

^[1]

2,319,000,000

2,225,000,000

^[1]

774,000,000

762,000,000

^[1]

107,000,000

153,000,000

^[1]

Deferred credits and other

29,000,000

^[1]

328,000,000

334,000,000

^[1]

Total deferred credits and other liabilities

5,424,000,000

5,261,000,000

^[1]

Commitments and contingencies (Note 11)

^[1]

Equity:

Accumulated other comprehensive income (loss)

^[1]

Common stock

1,338,000,000

^[1]

Retained earnings

4,539,000,000

4,268,000,000

^[1]

(14,000,000)

(8,000,000)

^[1]

Total shareholders’ equity

5,863,000,000

5,598,000,000

^[1]

Other noncontrolling interests

37,000,000

28,000,000

^[1]

Total equity

5,900,000,000

5,626,000,000

^[1]

Total liabilities and equity

18,512,000,000

17,844,000,000

^[1]

Cash and cash equivalents

Current assets:

4,000,000

8,000,000

^[1]

Accounts receivable – trade, net

342,000,000

517,000,000

^[1]

Accounts receivable – other, net

106,000,000

90,000,000

^[1]

49,000,000

4,000,000

^[1]

Income taxes receivable

4,000,000

10,000,000

^[1]

Inventories

156,000,000

124,000,000

^[1]

12,000,000

9,000,000

^[1]

178,000,000

179,000,000

^[1]

47,000,000

38,000,000

^[1]

Total current assets

898,000,000

979,000,000

^[1]

Other assets:

984,000,000

983,000,000

^[1]

474,000,000

418,000,000

^[1]

Property, plant and equipment

108,000,000

9,000,000

^[1]

Sundry

348,000,000

364,000,000

^[1]

Total other assets

1,914,000,000

1,774,000,000

^[1]

Property, plant and equipment:

17,732,000,000

16,772,000,000

^[1]

Less accumulated depreciation and amortization

(5,597,000,000)

(5,366,000,000)

^[1]

12,135,000,000

11,406,000,000

^[1]

Total assets

14,947,000,000

14,159,000,000

^[1]

Current liabilities:

Short-term debt

116,000,000

^[1]

Accounts payable – trade

453,000,000

502,000,000

^[1]

Accounts payable – other

93,000,000

^[1]

Accrued compensation and benefits

51,000,000

35,000,000

^[1]

137,000,000

151,000,000

^[1]

211,000,000

91,000,000

^[1]

Reserve for Aliso Canyon costs

3,000,000

501,000,000

^[1]

Customer deposits

101,000,000

89,000,000

^[1]

161,000,000

84,000,000

^[1]

178,000,000

179,000,000

^[1]

Total current liabilities

274,000,000

205,000,000

^[1]

1,662,000,000

2,046,000,000

^[1]

Long-term debt

3,427,000,000

2,485,000,000

^[1]

Deferred credits and other liabilities:

Customer advances for construction

99,000,000

92,000,000

^[1]

Pension obligation, net of plan assets

663,000,000

789,000,000

^[1]

Deferred investment tax credits

1,121,000,000

995,000,000

^[1]

9,000,000

10,000,000

^[1]

1,655,000,000

1,697,000,000

^[1]

1,941,000,000

1,885,000,000

^[1]

Deferred credits and other

58,000,000

^[1]

210,000,000

253,000,000

^[1]

Total deferred credits and other liabilities

5,756,000,000

5,721,000,000

^[1]

Commitments and contingencies (Note 11)

^[1]

Equity:

Accumulated other comprehensive income (loss)

22,000,000

^[1]

Common stock

866,000,000

^[1]

Retained earnings

3,234,000,000

3,040,000,000

^[1]

(20,000,000)

(21,000,000)

^[1]

Total shareholders’ equity

4,102,000,000

3,907,000,000

^[1]

Total equity

4,102,000,000

3,907,000,000

Total liabilities and equity

14,947,000,000

14,159,000,000

^[1]

Convertible Preferred Stock Series A [Member]

Equity:

Convertible Preferred Stock Series B [Member]

1,693,000,000

^[1]

Equity:

$ 566,000,000

$ 0

^[1]

[1]	Derived from audited financial statements.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
$ in Millions

Sep. 30, 2018

Dec. 31, 2017

$ 1,464

$ 1,427

^[1]

35,498

36,503

^[1]

Stockholders' Equity Attributable to Parent [Abstract]

$ 21,335

$ 16,445

^[1]

Preferred stock, shares authorized

50,000,000

Common stock, shares authorized

750,000,000

Common stock, shares outstanding

274,000,000

251,000,000

Common stock, No par value (in dollars per share)

$ 0

Otay Mesa VIE [Member]

$ 287

$ 10

302

321

284

336

220

^[1]

15,524

14,838

^[1]

Stockholders' Equity Attributable to Parent [Abstract]

$ 5,404

$ 5,335

^[1]

Preferred stock, shares authorized

45,000,000

Common stock, shares authorized

255,000,000

Common stock, shares outstanding

117,000,000

Common stock, No par value (in dollars per share)

$ 0

San Diego Gas and Electric Company [Member] | Otay Mesa VIE [Member]

$ 287

$ 10

302

321

284

501

^[1]

12,135

11,406

^[1]

Stockholders' Equity Attributable to Parent [Abstract]

$ 3,427

$ 2,485

^[1]

Preferred stock, shares authorized

11,000,000

Common stock, shares authorized

1,000,000

100,000,000

Common stock, shares outstanding

91,000,000

Common stock, No par value (in dollars per share)

$ 0

Convertible Preferred Stock Series A [Member]

Stockholders' Equity Attributable to Parent [Abstract]

Preferred stock, shares outstanding

17,250,000

17,250,000

Convertible Preferred Stock Series B [Member]

Stockholders' Equity Attributable to Parent [Abstract]

Preferred stock, shares outstanding

5,750,000

5,750,000

[1]	Derived from audited financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

CASH FLOWS FROM OPERATING ACTIVITIES

Net income

$ 162

$ 802

^[1],[2]

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income taxes and investment tax credits

1,158

1,106

^[1],[2]

(289)

302

^[1]

351

^[2]

Impairment losses

1,304

^[1],[2]

Equity earnings

(50)

(26)

^[1]

(44)

(142)

^[1]

Net change in other working capital components

139

^[1]

444

229

^[1]

Changes in other noncurrent assets and liabilities, net

(56)

^[1]

(177)

(72)

^[1]

Net cash provided by operating activities

2,591

2,704

^[1]

CASH FLOWS FROM INVESTING ACTIVITIES

Expenditures for property, plant and equipment

(2,815)

(2,880)

^[1]

Expenditures for investments and acquisitions

(9,921)

(110)

^[1]

Proceeds from sale of assets

Distributions from investments

^[1]

Purchases of nuclear decommissioning trust assets

(703)

(1,082)

^[1]

Proceeds from sales of nuclear decommissioning trust assets

703

1,082

^[1]

Advances to unconsolidated affiliates

(84)

(321)

^[1]

Repayments of advances to unconsolidated affiliates

^[1]

Net cash used in investing activities

^[1]

(12,704)

(3,260)

^[1]

CASH FLOWS FROM FINANCING ACTIVITIES

Common dividends paid

(645)

(561)

^[1]

Preferred dividends paid

(53)

^[1]

Preferred dividends paid by subsidiary

(1)

^[1]

Issuances of mandatory convertible preferred stock, net of $41 in offering costs

2,259

^[1]

Issuances of common stock, net of $41 in offering costs in 2018

2,261

^[1]

Repurchases of common stock

(20)

(15)

^[1]

Issuances of debt (maturities greater than 90 days)

8,628

2,395

^[1]

Payments on debt (maturities greater than 90 days)

(2,967)

(1,829)

^[1]

Increase (decrease) in short-term debt, net

707

475

^[1]

Proceeds from sales of noncontrolling interest, net of $1 in offering costs

^[1]

Net distributions to noncontrolling interests

(101)

(109)

^[1]

Settlement of cross-currency swaps

(33)

^[1]

Net cash provided by (used in) financing activities

(80)

(11)

^[1]

10,045

381

^[1]

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(8)

^[1]

Decrease in cash, cash equivalents and restricted cash

(76)

(164)

^[1]

Cash, cash equivalents and restricted cash beginning balance

364

425

^[1]

Cash, cash equivalents and restricted cash ending balance

288

261

^[1]

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Interest payments, net of amounts capitalized

584

414

^[1]

Income tax payments, net of refunds

120

126

^[1]

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES

Assets acquired

9,670

^[1]

Liabilities assumed

(104)

^[1]

Cash paid

9,566

^[1]

Accrued capital expenditures

424

476

^[1]

Accrued Merger-related transaction and financing costs

^[1]

Increase in capital lease obligations for investment in property, plant and equipment

502

^[1]

Equitization of note receivable due from unconsolidated affiliate

^[1]

Common dividends issued in stock

^[1]

Preferred stock [Member]

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES

^[1]

Common Stock [Member]

252

214

^[1]

CASH FLOWS FROM OPERATING ACTIVITIES

Net income

531

291

^[1],[2]

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income taxes and investment tax credits

509

499

^[2]

(5)

^[1]

351

^[1]

(1)

^[1]

Net change in other working capital components

(30)

(31)

^[1]

150

^[1]

Changes in other noncurrent assets and liabilities, net

(16)

(10)

^[1]

Net cash provided by operating activities

1,231

1,172

^[1]

CASH FLOWS FROM INVESTING ACTIVITIES

Expenditures for property, plant and equipment

(1,194)

(1,122)

^[1]

Purchases of nuclear decommissioning trust assets

(703)

(1,082)

^[1]

Proceeds from sales by nuclear decommissioning trusts

703

1,082

^[1]

(Increase) decrease in loans to affiliate, net

^[1]

Net cash used in investing activities

^[1]

(1,194)

(1,085)

^[1]

CASH FLOWS FROM FINANCING ACTIVITIES

Common dividends paid

(450)

^[1]

Issuances of debt (maturities greater than 90 days)

398

^[1]

Payments on debt (maturities greater than 90 days)

(204)

(183)

^[1]

Increase (decrease) in short-term debt, net

(205)

185

^[1]

Capital distributions made by VIE, net

(8)

(20)

^[1]

Debt issuance costs

(3)

(4)

^[1]

Net cash provided by (used in) financing activities

(22)

(74)

^[1]

Increase in cash, cash equivalents and restricted cash

^[1]

Cash, cash equivalents and restricted cash beginning balance

^[1]

Cash, cash equivalents and restricted cash ending balance

^[1]

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Interest payments, net of amounts capitalized

139

134

^[1]

Income tax payments, net of refunds

^[1]

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES

Accrued capital expenditures

113

135

^[1]

Increase in capital lease obligations for investment in property, plant and equipment

500

^[1]

250

^[1]

CASH FLOWS FROM OPERATING ACTIVITIES

Net income

245

269

^[2]

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income taxes and investment tax credits

414

384

^[2]

^[1]

Net change in other working capital components

(4)

(22)

^[1]

391

359

^[1]

Changes in other noncurrent assets and liabilities, net

(56)

^[1]

(178)

(74)

^[1]

Net cash provided by operating activities

882

1,066

^[1]

CASH FLOWS FROM INVESTING ACTIVITIES

Expenditures for property, plant and equipment

(1,127)

(1,033)

^[1]

(Increase) decrease in loans to affiliate, net

(88)

^[1]

Net cash used in investing activities

^[1]

(1,209)

(1,033)

^[1]

CASH FLOWS FROM FINANCING ACTIVITIES

Preferred dividends paid by subsidiary

(1)

^[1]

Issuances of debt (maturities greater than 90 days)

949

^[1]

Payments on debt (maturities greater than 90 days)

(500)

^[1]

Increase (decrease) in short-term debt, net

(116)

(36)

^[1]

Debt issuance costs

(9)

^[1]

Net cash provided by (used in) financing activities

323

(37)

^[1]

Increase (decrease) in cash and cash equivalents

(4)

^[1]

Cash, cash equivalents and restricted cash beginning balance

^[1]

Cash, cash equivalents and restricted cash ending balance

^[1]

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Interest payments, net of amounts capitalized

^[1]

Income tax payments, net of refunds

(1)

^[1]

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES

Accrued capital expenditures

178

148

^[1]

Increase in capital lease obligations for investment in property, plant and equipment

^[1]