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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 1,877 $ 751
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,500 1,376
Deferred income taxes and investment tax credits 387 (159)
Equity earnings (1,118) (1,022)
Foreign currency transaction losses, net 18 10
Share-based compensation expense 49 48
Fixed-price contracts and other derivatives 200 338
Other 157 70
Reserve for Aliso Canyon costs (1,835) 1,525
Net change in other working capital components (267) (186)
Insurance receivable for Aliso Canyon costs 350 31
Distributions from investments 643 727
Changes in other noncurrent assets and liabilities, net (506) (528)
Net cash provided by operating activities 1,455 2,981
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (3,540) (3,606)
Expenditures for investments and acquisitions (275) (216)
Purchases of nuclear decommissioning trust assets (530) (729)
Proceeds from sales of nuclear decommissioning trust assets 530 729
Advances to unconsolidated affiliates 0 (8)
Repayments of advances to unconsolidated affiliates 626 0
Distributions from investments 0 365
Other 6 9
Net cash used in investing activities (3,183) (3,456)
CASH FLOWS FROM FINANCING ACTIVITIES    
Common dividends paid (1,070) (981)
Preferred dividends paid (22) (77)
Issuances of common stock 4 5
Repurchases of common stock (478) (39)
Issuances of debt (maturities greater than 90 days) 6,711 1,992
Payments on debt (maturities greater than 90 days) and finance leases (3,365) (2,315)
Decrease in short-term debt, net (1,438) 1,999
Advances from unconsolidated affiliates 28 40
Proceeds from sales of noncontrolling interests, net 1,732 7
Purchases of noncontrolling interests 0 (221)
Distributions to noncontrolling interests (146) 0
Contributions from noncontrolling interests 15 0
Other (35) (13)
Net cash provided by financing activities 1,936 397
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) 0
Increase (decrease) in cash, cash equivalents and restricted cash 205 (78)
Cash, cash equivalents and restricted cash, January 1 581 985
Cash, cash equivalents and restricted cash, September 30 786 907
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest payments, net of amounts capitalized 732 741
Income tax payments, net of refunds 241 101
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Increase in Cameron LNG JV investment for guarantee 0 22
Repayment of advances from unconsolidated affiliate in lieu of distribution 32 0
Accrued capital expenditures 738 572
Increase in finance lease obligations for investment in PP&E 33 35
Derecognized PP&E for net investment in sales-type lease 0 44
Increase (decrease) in ARO for investment in PP&E 49 33
Issuance of common stock in exchange for NCI and related AOCI 0 1,373
Conversion of mandatory convertible preferred stock 0 2,258
Preferred stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid 22 22
Common stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid $ 360 $ 351