XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income (loss) including noncontrolling interests $ 994 $ 3,314 $ (550)
Net income (loss) 994 3,288 (401)
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 3,113 2,768 2,836
Deferred income taxes and investment tax credits 9 487 (324)
Gain from sale of Q-Pipe Group and GT&S Transaction (27) (685) (134)
Contribution to pension plan     (250)
Net loss on sale of interest in renewable generation facilities   211  
Provision for refunds and rate credits to electric utility customers   356  
Impairment of assets and other charges 1,996 182 2,345
Loss from investment in Atlantic Coast Pipeline 7 20 2,405
Losses (gains) on sales of assets and equity method investments 467 (97) (63)
Net (gains) losses on nuclear decommissioning trusts funds and other investments 505 (639) (412)
Other adjustments (28) 294 224
Changes in:      
Accounts receivable (985) (183) (292)
Inventories (216) (74) 39
Deferred fuel and purchased gas costs, net (2,021) (939) 212
Prepayments (68) (20) 7
Accounts payable 556 156 35
Accrued interest, payroll and taxes 41 41 (53)
Margin deposit assets and liabilities 198 (664) 26
Net realized and unrealized changes related to derivative activities (47) 435 (36)
Pension and other postretirement benefits (461) (314) (319)
Other operating assets and liabilities (333) (612) (469)
Net cash provided by operating activities 3,700 4,037 5,227
Investing Activities      
Plant construction and other property additions (including nuclear fuel) (7,591) (5,960) (6,020)
Acquisition of solar development projects (167) (101) (311)
Proceeds from sale of Hope 727    
Proceeds from GT&S Transaction and sale of Q-Pipe Group 19 1,522 3,687
Repayment of Q-Pipe Transaction deposit   (1,265)  
Proceeds from sale of non-wholly-owned nonregulated solar facilities   495  
Proceeds from sales of securities 3,282 3,985 4,278
Purchases of securities (3,067) (3,939) (4,379)
Proceeds from sales of assets and equity method investments 252 159 143
Contributions to equity method affiliates (43) (1,021) (148)
Acquisition of equity method investments     (178)
Short-term deposit (2,000)    
Return of short-term deposit 2,000    
Other (158) (122) 12
Net cash used in investing activities (6,746) (6,247) (2,916)
Financing Activities      
Issuance (repayment) of short-term debt, net 1,109 1,419 (16)
Issuance of short-term notes   1,265 1,125
Repayment and repurchase of short-term notes   (1,265) (1,125)
Issuance of supplemental 364-day credit facility borrowings     225
Repayment of supplemental 364-day credit facility repayments   (225)  
Issuance and remarketing of long-term debt 4,965 6,400 6,577
Repayment and repurchase of long-term debt (including redemption premiums) (1,388) (3,750) (2,879)
Supplemental credit facility borrowings 900 900  
Supplemental credit facility repayments (450) (900)  
Issuance of preferred stock   742  
Series A Preferred Stock redemption (1,610)    
Issuance of common stock 1,866 192 159
Repurchase of common stock     (3,080)
Common dividend payments (2,209) (2,036) (2,873)
Other (204) (371) (446)
Net cash provided by (used in) financing activities 2,979 2,371 (2,333)
Increase (decrease) in cash, restricted cash and equivalents (67) 161 (22)
Cash, restricted cash and equivalents at beginning of period 408 247 269
Cash, restricted cash and equivalents at end of period 341 408 247
Virginia Electric and Power Company      
Operating Activities      
Net income (loss) 1,215 1,712 1,021
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 1,892 1,521 1,421
Deferred income taxes and investment tax credits 191 343 (206)
Impairment of assets and other charges (benefits) 493 (269) 1,079
Provision for refunds to customers   356  
Other adjustments 24 19 (50)
Changes in:      
Accounts receivable (629) (112) (266)
Affiliated receivables and payables 165 (175) 78
Inventories (71) (10) 10
Deferred fuel and purchased gas costs, net (1,393) (652) 131
Prepayments (7) (4) (5)
Accounts payable 145 19 6
Accrued interest, payroll and taxes (4) 21 (4)
Margin deposit assets and liabilities (143) (166) (1)
Net realized and unrealized changes related to derivative activities 109   (6)
Other operating assets and liabilities (159) (106) (308)
Net cash provided by operating activities 1,828 2,497 2,900
Investing Activities      
Plant construction and other property additions (4,909) (3,521) (3,138)
Purchases of nuclear fuel (201) (160) (199)
Acquisition of solar development projects (77) (75) (35)
Proceeds from sales of securities 1,538 1,791 884
Purchases of securities (1,580) (1,789) (936)
Other 34   21
Net cash used in investing activities (5,195) (3,754) (3,403)
Financing Activities      
Issuance (repayment) of short-term debt, net 196 700 (198)
Issuance of affiliated current borrowings, net 1,325 319 273
Issuance and remarketing of long-term debt 2,338 1,000 1,327
Repayment and repurchase of long-term debt (including redemption premiums) (438) (450) (427)
Common dividend payments   (300) (430)
Other (56) (21) (31)
Net cash provided by (used in) financing activities 3,365 1,248 514
Increase (decrease) in cash, restricted cash and equivalents (2) (9) 11
Cash, restricted cash and equivalents at beginning of period 26 35 24
Cash, restricted cash and equivalents at end of period $ 24 $ 26 $ 35