PG&E 2014 Annual Report Download - page 155

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147
PG&E CORPORATION
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF PARENT
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
Years Ended December 31,
(in millions, except per share amounts) 2014 2013 2012
Administrative service revenue $ 51 $ 41 $ 43
Operating expenses (53) (42) (41)
Interest income 1 1 1
Interest expense (14) (25) (22)
Other expense (1) (57) (39)
Equity in earnings of subsidiaries 1,413 848 817
Income before income taxes 1,397 766 759
Income tax benet 39 48 57
Net income $ 1,436 $ 814 $ 816
Other Comprehensive Income
Pension and other postretirement benet plans obligations (net of taxes of $10,
$80, and $72, at respective dates) $ (14) $ 113 $ 108
Net change in investments (net of taxes of $17, $26, and $3, at respective dates) (25) 38 4
Total other comprehensive income (loss) (39) 151 112
Comprehensive Income $ 1,397 $ 965 $ 928
Weighted Average Common Shares Outstanding, Basic 468 444 424
Weighted Average Common Shares Outstanding, Diluted 470 445 425
Earnings per common share, basic $ 3.07 $ 1.83 $ 1.92
Earnings per common share, diluted $ 3.06 $ 1.83 $ 1.92