The following table should be read in conjunction with the Consolidated Financial Statements included in Item 8. Financial Statements and Supplementary Data.
Dominion Energy’s Consolidated Financial Statements include the results of operations acquired in the SCANA Combination effective January 2019.
Dominion Energy
Year Ended December 31,
2019 (1)
2018 (2)
2017 (3)
2016 (4)
2015
(millions, except per share amounts)
Operating revenue
$
16,572
$
13,366
$
12,586
$
11,737
$
11,683
Net income attributable to Dominion Energy
1,358
2,447
2,999
2,123
1,899
Net income attributable to Dominion Energy per common share-basic
1.66
3.74
4.72
3.44
3.21
Net income attributable to Dominion Energy per common share-diluted
1.62
3.74
4.72
3.44
3.20
Dividends declared per common share
3.67
3.34
3.035
2.80
2.59
Total assets
103,823
77,914
76,585
71,610
58,648
Long-term debt (5)
33,824
31,144
30,948
30,231
23,468
(1)
Includes merger and integration-related costs associated with the SCANA Combination of $1.8 billion after-tax (inclusive of $756 million after-tax charge for refunds of amounts previously collected for the NND Project, $480 million after-tax charge for litigation acquired in the SCANA Combination and $319 million after-tax charge related to a voluntary retirement program), $585 million after-tax charges associated primarily with the planned early retirement of certain electric generation facilities, automated meter reading infrastructure and the termination of a contract with a non-utility generator, partially offset by a $429 million after-tax net gain related to nuclear decommissioning trust funds.
(2)
Includes $568 million after-tax gains on sales of certain merchant generation facilities and equity method investments partially offset by $164 million after-tax charge related to the impairment of certain gathering and processing assets and a $160 million after-tax charge associated with Virginia legislation enacted in March 2018 that required one-time rate credits of certain amounts to utility customers.
(3)
Includes $851 million of tax benefits resulting from the remeasurement of deferred income taxes to the new corporate income tax rate, partially offset by $96 million of after-tax charges associated with equity method investments in wind-powered generation facilities.
(4)
Includes a $122 million after-tax charge related to future ash pond and landfill closure costs at certain utility generation facilities.
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