PG&E 2009 Annual Report Download - page 58

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CONSOLIDATED STATEMENTS OF INCOME
Pacific Gas and Electric Company
Year ended December 31,
(in millions) 2009 2008 2007
Operating Revenues
Electric $10,257 $10,738 $ 9,481
Natural gas 3,142 3,890 3,757
Total operating revenues 13,399 14,628 13,238
Operating Expenses
Cost of electricity 3,711 4,425 3,437
Cost of natural gas 1,291 2,090 2,035
Operating and maintenance 4,343 4,197 3,872
Depreciation, amortization, and decommissioning 1,752 1,650 1,769
Total operating expenses 11,097 12,362 11,113
Operating Income 2,302 2,266 2,125
Interest income 33 91 150
Interest expense (662) (698) (732)
Other income, net 59 28 52
Income Before Income Taxes 1,732 1,687 1,595
Income tax provision 482 488 571
Net Income 1,250 1,199 1,024
Preferred stock dividend requirement 14 14 14
Income Available for Common Stock $ 1,236 $ 1,185 $ 1,010
See accompanying Notes to the Consolidated Financial Statements.
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