PG&E 2013 Annual Report Download - page 50
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PG&E Corporation
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share amounts)
Year ended December 31,
2013 2012 2011
Operating Revenues
Electric ............................................. $ 12,494 $ 12,019 $ 11,606
Natural gas .......................................... 3,104 3,021 3,350
Total operating revenues ................................. 15,598 15,040 14,956
Operating Expenses
Cost of electricity ...................................... 5,016 4,162 4,016
Cost of natural gas ..................................... 968 861 1,317
Operating and maintenance .............................. 5,775 6,052 5,466
Depreciation, amortization, and decommissioning ............... 2,077 2,272 2,215
Total operating expenses ............................... 13,836 13,347 13,014
Operating Income ....................................... 1,762 1,693 1,942
Interest income .......................................977
Interest expense ....................................... (715) (703) (700)
Other income, net ..................................... 40 70 49
Income Before Income Taxes ............................... 1,096 1,067 1,298
Income tax provision ................................... 268 237 440
Net Income ............................................ 828 830 858
Preferred stock dividend requirement of subsidiary ............. 14 14 14
Income Available for Common Shareholders .................... $ 814 $ 816 $ 844
Weighted Average Common Shares Outstanding, Basic ............ 444 424 401
Weighted Average Common Shares Outstanding, Diluted ........... 445 425 402
Net Earnings Per Common Share, Basic ....................... $ 1.83 $ 1.92 $ 2.10
Net Earnings Per Common Share, Diluted ..................... $ 1.83 $ 1.92 $ 2.10
See accompanying Notes to the Consolidated Financial Statements.
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