PG&E 2008 Annual Report Download - page 85

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83
Year ended December 31,
(in millions, except per share amounts) 2008 2007 2006
Operating Revenues
Electric $10,738 $ 9,480 $ 8,752
Natural gas 3,890 3,757 3,787
Total operating revenues 14,628 13,237 12,539
Operating Expenses
Cost of electricity 4,425 3,437 2,922
Cost of natural gas 2,090 2,035 2,097
Operating and maintenance 4,201 3,881 3,703
Depreciation, amortization, and decommissioning 1,651 1,770 1,709
Total operating expenses 12,367 11,123 10,431
Operating Income 2,261 2,114 2,108
Interest income 94 164 188
Interest expense (728) (762) (738)
Other income (expense), net (18) 29 (13)
Income Before Income Taxes 1,609 1,545 1,545
Income tax provision 425 539 554
Income From Continuing Operations 1,184 1,006 991
Discontinued Operations
NEGT income tax benefi t 154 — —
Net Income $ 1,338 $ 1,006 $ 991
Weighted Average Common Shares Outstanding, Basic 357 351 346
Weighted Average Common Shares Outstanding, Diluted 358 353 349
Earnings Per Common Share from Continuing Operations, Basic $ 3.23 $ 2.79 $ 2.78
Net Earnings Per Common Share, Basic $ 3.64 $ 2.79 $ 2.78
Earnings Per Common Share from Continuing Operations, Diluted $ 3.22 $ 2.78 $ 2.76
Net Earnings Per Common Share, Diluted $ 3.63 $ 2.78 $ 2.76
Dividends Declared Per Common Share $ 1.56 $ 1.44 $ 1.32
CONSOLIDATED STATEMENTS OF INCOME
PG&E Corporation
See accompanying Notes to the Consolidated Financial Statements.