PG&E 2007 Annual Report Download - page 89

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87
Year ended December 31,
(in millions) 2007 2006 2005
Operating Revenues
Electric $ 9,481 $ 8,752 $ 7,927
Natural gas 3,757 3,787 3,777
Total operating revenues 13,238 12,539 11,704
Operating Expenses
Cost of electricity 3,437 2,922 2,410
Cost of natural gas 2,035 2,097 2,191
Operating and maintenance 3,872 3,697 3,399
Depreciation, amortization, and decommissioning 1,769 1,708 1,734
Total operating expenses 11,113 10,424 9,734
Operating Income 2,125 2,115 1,970
Interest income 150 175 76
Interest expense (732) (710) (554)
Other income, net 52 7 16
Income Before Income Taxes 1,595 1,587 1,508
Income tax provision 571 602 574
Net Income 1,024 985 934
Preferred stock dividend requirement 14 14 16
Income Available for Common Stock $ 1,010 $ 971 $ 918
CONSOLIDATED STATEMENTS OF INCOME
Paciļ¬ c Gas and Electric Company
See accompanying Notes to the Consolidated Financial Statements.