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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,618 $ 2,285 $ 1,463
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,227 2,019 1,855
Deferred income taxes and investment tax credits 249 392 (78)
Gain on sale of assets (1) 0 (36)
Equity earnings (1,481) (1,498) (1,343)
Foreign currency transaction (gains) losses, net (2) 24 18
Share-based compensation expense 80 71 63
Fixed-price contracts and other derivatives (666) 863 206
Bad debt expense 458 122 55
Other (11) 32 115
Net change in working capital components:      
Accounts receivable 168 (976) (599)
Due to/from unconsolidated affiliates, net 26 (31) (1)
Income taxes receivable/payable, net 142 (29) (38)
Inventories (80) (17) (87)
Other current assets 11 (1,608) (220)
Accounts payable (270) 430 263
Regulatory balancing accounts, net 260 36 249
Reserve for Aliso Canyon costs (98) (1,851) 1,532
Other current liabilities 1,270 228 (105)
Insurance receivable for Aliso Canyon costs 0 360 85
Distributions from investments 912 854 941
Changes in other noncurrent assets and liabilities, net (594) (564) (496)
Net cash provided by operating activities 6,218 1,142 3,842
CASH FLOWS FROM INVESTING ACTIVITIES      
Expenditures for property, plant and equipment (8,397) (5,357) (5,015)
Expenditures for investments and acquisitions (382) (376) (633)
Proceeds from sale of assets 3 0 38
Distributions from investments 0 0 366
Purchases of nuclear decommissioning trust assets (610) (700) (961)
Proceeds from sales of nuclear decommissioning trust assets 661 762 961
Advances to unconsolidated affiliates 0 0 (8)
Repayments of advances to unconsolidated affiliates 0 626 38
Disbursement for note receivable 0 0 (305)
Other 9 6 11
Net cash used in investing activities (8,716) (5,039) (5,508)
CASH FLOWS FROM FINANCING ACTIVITIES      
Common dividends paid (1,483) (1,430) (1,331)
Preferred dividends paid (44) (44) (99)
Issuances of common stock, net 145 4 5
Repurchases of common stock (32) (478) (339)
Issuances of debt (maturities greater than 90 days) 7,669 9,984 3,773
Payments on debt (maturities greater than 90 days) and finance leases (6,294) (4,510) (5,489)
Increase (decrease) in short-term debt, net 552 (1,266) 1,913
Advances from unconsolidated affiliates 31 28 40
Proceeds from sales of noncontrolling interests, net 1,219 1,732 3,206
Purchases of noncontrolling interests 0 0 (224)
Distributions to noncontrolling interests (730) (237) 0
Contributions from noncontrolling interests 1,570 31 4
Settlement of cross-currency swaps (99) 0 0
Other (85) (35) (199)
Net cash provided by financing activities 2,419 3,779 1,260
Effect of exchange rate changes on cash, cash equivalents and restricted cash 6 (1) 2
(Decrease) increase in cash, cash equivalents and restricted cash (73) (119) (404)
Cash and cash equivalents, January 1 389 462 581
Cash, cash equivalents and restricted cash, January 1 462    
Cash, cash equivalents and restricted cash, December 31 389 462  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest payments, net of amounts capitalized 1,172 1,014 1,163
Income tax payments (refunds), net 197 284 230
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Increase in Cameron LNG JV investment for guarantee 0 0 22
Repayment of advances from unconsolidated affiliate in lieu of distribution 36 32 45
Accrued capital expenditures 1,052 590 591
Increase in finance lease obligations for investment in PP&E 57 57 43
Derecognized PP&E for net investment in sales-type lease 0 0 44
Increase in ARO for investment in PP&E 33 91 153
Issuance of common stock in exchange for NCI and related AOCI 0 0 1,373
Conversion of mandatory convertible preferred stock 0 0 2,258
Contributions from NCI 200 0 0
Common Stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared but not paid 376 360 349
Preferred stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared but not paid $ 11 $ 11 $ 11