PG&E 2014 Annual Report Download - page 81

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73
PacicGasandElectricCompany
CONSOLIDATED STATEMENTS OF INCOME
(in millions)
Year ended December 31,
2014 2013 2012
Operating Revenues
Electric $13,656 $12,489 $12,014
Natural gas 3,432 3,104 3,021
Total operating revenues 17,088 15,593 15,035
Operating Expenses
Cost of electricity 5,615 5,016 4,162
Cost of natural gas 954 968 861
Operating and maintenance 5,635 5,742 6,045
Depreciation, amortization, and decommissioning 2,432 2,077 2,272
Total operating expenses 14,636 13,803 13,340
Operating Income 2,452 1,790 1,695
Interest income 8 8 6
Interest expense (720) (690) (680)
Other income, net 77 84 88
Income Before Income Taxes 1,817 1,192 1,109
Income tax provision 384 326 298
Net Income 1,433 866 811
Preferred stock dividend requirement 14 14 14
Income Available for Common Stock $ 1,419 $ 852 $ 797
See accompanying Notes to the Consolidated Financial Statements.