PG&E 2012 Annual Report Download - page 57
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PG&E Corporation
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share amounts)
Year ended December 31,
2012 2011 2010
Operating Revenues
Electric ............................................. $ 12,019 $ 11,606 $ 10,645
Natural gas .......................................... 3,021 3,350 3,196
Total operating revenues ................................. 15,040 14,956 13,841
Operating Expenses
Cost of electricity ...................................... 4,162 4,016 3,898
Cost of natural gas ..................................... 861 1,317 1,291
Operating and maintenance .............................. 6,052 5,466 4,439
Depreciation, amortization, and decommissioning ............... 2,272 2,215 1,905
Total operating expenses ............................... 13,347 13,014 11,533
Operating Income ....................................... 1,693 1,942 2,308
Interest income .......................................779
Interest expense ....................................... (703) (700) (684)
Other income, net ..................................... 70 49 27
Income Before Income Taxes ............................... 1,067 1,298 1,660
Income tax provision ................................... 237 440 547
Net Income ............................................ 830 858 1,113
Preferred stock dividend requirement of subsidiary ............. 14 14 14
Income Available for Common Shareholders .................... $ 816 $ 844 $ 1,099
Weighted Average Common Shares Outstanding, Basic ............ 424 401 382
Weighted Average Common Shares Outstanding, Diluted ........... 425 402 392
Net Earnings Per Common Share, Basic ....................... $ 1.92 $ 2.10 $ 2.86
Net Earnings Per Common Share, Diluted ..................... $ 1.92 $ 2.10 $ 2.82
Dividends Declared Per Common Share ....................... $ 1.82 $ 1.82 $ 1.82
See accompanying Notes to the Consolidated Financial Statements.
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