XML 37 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 881 $ 1,172
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 594 539
Deferred income taxes and investment tax credits 137 253
Equity earnings (348) (219)
Share-based compensation expense 21 17
Fixed-price contracts and other derivatives 16 (374)
Bad debt expense 42 114
Other 7 27
Net change in working capital components 319 451
Distributions from investments 232 199
Changes in other noncurrent assets and liabilities, net (50) (199)
Net cash provided by operating activities 1,851 1,980
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (1,933) (1,830)
Expenditures for investments (193) (85)
Purchases of nuclear decommissioning and other trust assets (197) (181)
Proceeds from sales of nuclear decommissioning and other trust assets 217 199
Other (1) 2
Net cash used in investing activities (2,107) (1,895)
CASH FLOWS FROM FINANCING ACTIVITIES    
Common dividends paid (362) (360)
Issuances of common stock 10 0
Repurchases of common stock (40) (31)
Issuances of debt (maturities greater than 90 days) 2,044 1,986
Payments on debt (maturities greater than 90 days) and finance leases (846) (1,803)
(Decrease) increase in short-term debt, net (498) 168
Advances from unconsolidated affiliates 45 14
Proceeds from sale of noncontrolling interests 0 265
Distributions to noncontrolling interests (111) (43)
Contributions from noncontrolling interests 474 97
Settlement of cross-currency swaps 0 (99)
Other (16) (43)
Net cash provided by financing activities 700 151
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 5
Increase in cash, cash equivalents and restricted cash 445 241
Cash, cash equivalents and restricted cash, January 1 389 462
Cash, cash equivalents and restricted cash, March 31 834 703
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest payments, net of amounts capitalized 274 305
Income tax payments, net of refunds 25 50
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Repayments of advances from unconsolidated affiliate in lieu of distributions 62 0
Accrued capital expenditures 915 1,171
Increase in finance lease obligations for investment in PP&E 7 17
Common dividends issued in stock 14 0
Preferred stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid 11 11
Common stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid $ 392 $ 374