XML 31 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 657 $ 928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 493 442
Deferred income taxes and investment tax credits 347 97
Equity earnings (326) (318)
Foreign currency transaction losses, net 19 19
Share-based compensation expense 17 17
Fixed-price contracts and other derivatives 105 130
Other 50 59
Net change in working capital components 326 84
Insurance receivable for Aliso Canyon costs 0 31
Distributions from investments 204 208
Changes in other noncurrent assets and liabilities, net (285) (195)
Net cash provided by operating activities 1,607 1,502
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (1,204) (1,181)
Expenditures for investments and acquisitions (85) (115)
Purchases of nuclear decommissioning trust assets (242) (288)
Proceeds from sales of nuclear decommissioning trust assets 242 288
Advances to unconsolidated affiliates 0 (8)
Distributions from investments 0 4
Other (1) (1)
Net cash used in investing activities (1,290) (1,301)
CASH FLOWS FROM FINANCING ACTIVITIES    
Common dividends paid (349) (301)
Preferred dividends paid 0 (36)
Issuances of common stock 3 0
Repurchases of common stock (226) (37)
Issuances of debt (maturities greater than 90 days) 4,023 102
Payments on debt (maturities greater than 90 days) and finance leases (1,048) (1,093)
(Decrease) increase in short-term debt, net (720) 932
Advances from unconsolidated affiliates 18 20
Proceeds from sales of noncontrolling interests 13 7
Distributions to noncontrolling interests (53) 0
Contributions from noncontrolling interests 6 0
Other (29) (1)
Net cash provided by (used in) financing activities 1,638 (407)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0 (1)
Increase (decrease) in cash, cash equivalents and restricted cash 1,955 (207)
Total cash, cash equivalents and restricted cash on the Condensed Consolidated Statements of Cash Flows 2,536 778
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest payments, net of amounts capitalized 233 225
Income tax payments, net of refunds 80 30
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures 468 499
Increase in finance lease obligations for investment in PP&E 13 15
Increase in ARO for investment in PP&E, net 23 8
Conversion of mandatory convertible preferred stock 0 1,693
Preferred stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid 11 32
Common Stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid $ 362 $ 333