Annual Income Statement

Time Frame: Annual | Quarterly

Period Ended 12/31/18 12/31/17 12/31/16 12/31/15 12/31/14
  Update Reclassified Reclassified Update Update
  03/07/19 03/07/19 03/07/19 05/02/18 05/02/18
In millions of USD (except for per share items)
Electric Operations 12,657.00 12,320.00 11,869.00 11,524.00 13,413.00
Revenue 12,657.00 12,320.00 11,869.00 11,524.00 13,413.00
Total Revenue 12,657.00 12,320.00 11,869.00 11,524.00 13,413.00
Purchased Power 5,406.00 4,873.00 4,527.00 4,266.00 5,593.00
Cost of Revenue, Total 5,406.00 4,873.00 4,527.00 4,266.00 5,593.00
Operations & Maintenance 2,797.00 2,844.00 2,898.00 2,990.00 3,149.00
Depreciation 1,871.00 2,041.00 2,007.00 1,919.00 1,720.00
Depreciation/Amortization 1,871.00 2,041.00 2,007.00 1,919.00 1,720.00
Impairment-Assets Held for Use 78.00 738.00 21.00 5.00 157.00
Other Unusual Expense (Income) 2,669.00 0.00 0.00 -- --
Unusual Expense (Income) 2,747.00 738.00 21.00 5.00 157.00
Property & Other Taxes 395.00 377.00 354.00 336.00 322.00
Other Operating Expense -7.00 -9.00 0.00 -- --
Other Operating Expenses, Total 388.00 368.00 354.00 336.00 322.00
Total Operating Expense 13,209.00 10,864.00 9,807.00 9,516.00 10,941.00
Operating Income -552.00 1,456.00 2,062.00 2,008.00 2,472.00
Interest Expense - Non-Operating -734.00 -639.00 -581.00 -555.00 -560.00
Interest Expense, Net Non-Operating -734.00 -639.00 -581.00 -555.00 -560.00
Interest Income(Exp), Net Non-Operating 197.00 132.00 109.00 174.00 147.00
Interest Inc.(Exp.),Net-Non-Op., Total -537.00 -507.00 -472.00 -381.00 -413.00
Other Non-Operating Income (Expense) -- -- -- -59.00 -80.00
Other, Net -- -- -- -59.00 -80.00
Net Income Before Taxes -1,089.00 949.00 1,590.00 1,568.00 1,979.00
Provision for Income Taxes -739.00 -185.00 177.00 486.00 443.00
Net Income After Taxes -350.00 1,134.00 1,413.00 1,082.00 1,536.00
Minority Interest 14.00 21.00 9.00 16.00 3.00
Net Income Before Extra. Items -336.00 1,155.00 1,422.00 1,098.00 1,539.00
Discontinued Operations -- -- 1.00 14.00 185.00
Extraordinary Item 0.00 -466.00 0.00 -- --
Tax on Extraordinary Items 34.00 0.00 11.00 21.00 --
Total Extraordinary Items 34.00 -466.00 12.00 35.00 185.00
Net Income -302.00 689.00 1,434.00 1,133.00 1,724.00
Preferred Dividends -121.00 -124.00 -123.00 -113.00 -112.00
Miscellaneous Earnings Adjustment 0.00 0.00 0.00 -- --
Total Adjustments to Net Income -121.00 -124.00 -123.00 -113.00 -112.00
Income Available to Com Excl ExtraOrd -457.00 1,031.00 1,299.00 985.00 1,427.00
Income Available to Com Incl ExtraOrd -423.00 565.00 1,311.00 1,020.00 1,612.00
Basic Weighted Average Shares 326.00 326.00 326.00 326.00 326.00
Basic EPS Excluding Extraordinary Items -1.40 3.16 3.98 3.02 4.38
Basic EPS Including Extraordinary Items -1.30 1.73 4.02 3.13 4.94
Dilution Adjustment -- -- -- 1.00 1.00
Diluted Net Income -423.00 565.00 1,311.00 1,021.00 1,613.00
Diluted Weighted Average Shares 326.00 328.00 330.00 329.00 329.00
Diluted EPS Excluding ExtraOrd Items -1.40 3.14 3.94 3.00 4.34
Diluted EPS Including ExtraOrd Items -1.30 1.72 3.97 3.10 4.90
DPS - Common Stock Primary Issue 2.42 2.17 1.92 1.67 1.42
Gross Dividends - Common Stock 791.00 727.00 646.00 564.00 483.00
Total Special Items 2,747.00 738.00 21.00 5.00 157.00
Normalized Income Before Taxes 1,658.00 1,687.00 1,611.00 1,573.00 2,136.00
Effect of Special Items on Income Taxes 961.45 258.30 2.34 1.55 35.14
Inc Tax Ex Impact of Sp Items 222.45 73.30 179.34 487.55 478.14
Normalized Income After Taxes 1,435.55 1,613.70 1,431.66 1,085.45 1,657.86
Normalized Inc. Avail to Com. 1,328.55 1,510.70 1,317.66 988.45 1,548.86
Basic Normalized EPS 4.08 4.63 4.04 3.03 4.75
Diluted Normalized EPS 4.08 4.61 3.99 3.01 4.71
Depreciation, Supplemental 1,940.00 2,115.00 2,098.00 2,005.00 1,815.00
Interest Expense, Supplemental 734.00 639.00 581.00 555.00 560.00
Stock-Based Compensation, Supplemental 20.00 179.00 60.00 29.00 40.00
Minority Interest, Supplemental 14.00 21.00 9.00 16.00 3.00
Audit Fees -- 6.23 6.51 6.33 6.42
Audit-Related Fees -- 0.22 0.06 0.24 0.12
Tax Fees -- 0.60 0.69 1.40 2.60
All Other Fees -- 0.14 0.10 1.25 0.07
Operating Margin -4.36 11.82 17.37 17.42 18.43
Pretax Margin -8.60 7.70 13.40 13.61 14.75
Effective Tax Rate -- -19.49 11.13 30.99 22.39
Net Profit Margin -3.61 8.37 10.94 8.55 10.64
Normalized EBIT 2,195.00 2,194.00 2,083.00 2,013.00 2,629.00
Normalized EBITDA 4,135.00 4,309.00 4,181.00 4,018.00 4,444.00
Current Tax - Domestic -57.00 -221.00 -46.00 18.00 -99.00
Current Tax - Local -155.00 4.00 33.00 19.00 20.00
Current Tax - Total -212.00 -217.00 -13.00 37.00 -79.00
Deferred Tax - Domestic -386.00 104.00 176.00 340.00 454.00
Deferred Tax - Local -141.00 -72.00 14.00 109.00 68.00
Deferred Tax - Total -527.00 32.00 190.00 449.00 522.00
Income Tax - Total -739.00 -185.00 177.00 486.00 443.00
Interest Cost - Domestic 140.00 164.00 172.00 170.00 181.00
Service Cost - Domestic 126.00 138.00 139.00 142.00 133.00
Prior Service Cost - Domestic 3.00 3.00 4.00 5.00 5.00
Expected Return on Assets - Domestic -228.00 -212.00 -220.00 -233.00 -229.00
Actuarial Gains and Losses - Domestic 9.00 21.00 27.00 40.00 12.00
Curtailments & Settlements - Domestic 0.00 6.00 0.00 0.00 41.00
Other Pension, Net - Domestic 15.00 -28.00 -21.00 -6.00 8.00
Domestic Pension Plan Expense 65.00 92.00 101.00 118.00 151.00
Interest Cost - Post-Retirement 80.00 86.00 97.00 102.00 117.00
Service Cost - Post-Retirement 37.00 31.00 35.00 46.00 40.00
Prior Service Cost - Post-Retirement -1.00 -3.00 -2.00 -12.00 -36.00
Expected Return on Assets - Post-Retir. -121.00 -110.00 -112.00 -116.00 -108.00
Actuarial Gains and Losses - Post-Retir. -- 0.00 0.00 3.00 6.00
Other Post-Retirement, Net 0.00 1.00 2.00 1.00 3.00
Post-Retirement Plan Expense -5.00 5.00 20.00 24.00 22.00
Defined Contribution Expense - Domestic 74.00 70.00 69.00 73.00 71.00
Total Pension Expense 134.00 167.00 190.00 215.00 244.00
Discount Rate - Domestic 3.46 3.94 4.18 3.85 4.50
Discount Rate - Post-Retirement 3.70 4.29 4.55 4.16 5.00
Expected Rate of Return - Domestic 6.50 6.50 7.00 7.00 7.00
Expected Rate of Return - Post-Retir. 5.30 5.30 5.60 5.50 5.50
Compensation Rate - Domestic 4.10 4.00 4.00 4.00 4.00
Total Plan Interest Cost 220.00 250.00 269.00 272.00 298.00
Total Plan Service Cost 163.00 169.00 174.00 188.00 173.00
Total Plan Expected Return -349.00 -322.00 -332.00 -349.00 -337.00
Total Plan Other Expense 15.00 -27.00 -19.00 -5.00 11.00

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