PG&E 2012 Annual Report Download - page 63
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Pacific Gas and Electric Company
CONSOLIDATED STATEMENTS OF INCOME
(in millions)
Year ended December 31,
2012 2011 2010
Operating Revenues
Electric ............................................. $ 12,014 $ 11,601 $ 10,644
Natural gas .......................................... 3,021 3,350 3,196
Total operating revenues ............................... 15,035 14,951 13,840
Operating Expenses
Cost of electricity ...................................... 4,162 4,016 3,898
Cost of natural gas ..................................... 861 1,317 1,291
Operating and maintenance .............................. 6,045 5,459 4,432
Depreciation, amortization, and decommissioning ............... 2,272 2,215 1,905
Total operating expenses ............................... 13,340 13,007 11,526
Operating Income ....................................... 1,695 1,944 2,314
Interest income .......................................659
Interest expense ....................................... (680) (677) (650)
Other income, net ..................................... 88 53 22
Income Before Income Taxes ............................... 1,109 1,325 1,695
Income tax provision ................................... 298 480 574
Net Income ............................................ 811 845 1,121
Preferred stock dividend requirement ....................... 14 14 14
Income Available for Common Stock ......................... $ 797 $ 831 $ 1,107
See accompanying Notes to the Consolidated Financial Statements.
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