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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income including noncontrolling interests $ 993 $ 958
Net income 976 949
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 853 822
Deferred income taxes and investment tax credits 275 399
Gains on the sales of assets and equity method investment in Iroquois (45) (71)
Other adjustments (27) (18)
Changes in:    
Accounts receivable 82 214
Inventories (3) 47
Deferred fuel and purchased gas costs, net 114 28
Prepayments 55 47
Accounts payable (92) (173)
Accrued interest, payroll and taxes 46 (41)
Margin deposit assets and liabilities (13) 186
Other operating assets and liabilities (220) (238)
Net cash provided by operating activities 2,018 2,160
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (3,160) (2,370)
Acquisition of solar development projects 0 (230)
Acquisition of DCG 0 (497)
Proceeds from sales of securities 709 580
Purchases of securities (752) (553)
Restricted cash and cash equivalents (500) 0
Proceeds from assignments of shale development rights 5 28
Other (27) (42)
Net cash used in investing activities (3,725) (3,084)
Financing Activities    
Repayment of short-term debt, net (72) (153)
Repayment and repurchase of short-term notes (600) 0
Issuance of long-term debt 1,930 1,200
Repayment and repurchase of long-term debt (500) (8)
Proceeds from sale of interest in merchant solar projects 117 0
Contributions from SunEdison to Four Brothers and Three Cedars 162 0
Issuance of common stock 1,458 647
Common dividend payments (849) (765)
Other (169) (44)
Net cash provided by financing activities 1,477 877
Decrease in cash and cash equivalents (230) (47)
Cash and cash equivalents at beginning of period 607 [1] 318
Cash and cash equivalents at end of period 377 271
Significant noncash investing and financing activities:    
Accrued capital expenditures 257 319
Virginia Electric and Power Company    
Operating Activities    
Net income 543 515
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 589 555
Deferred income taxes and investment tax credits 228 13
Other adjustments (11) (6)
Changes in:    
Accounts receivable 7 40
Affiliated receivables and payables 295 1
Inventories 13 25
Deferred fuel and purchased gas costs, net 105 (9)
Prepayments (35) 229
Accounts payable (10) (9)
Accrued interest, payroll and taxes 39 38
Other operating assets and liabilities (61) 2
Net cash provided by operating activities 1,702 1,394
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (1,226) (1,292)
Purchases of nuclear fuel (78) (67)
Proceeds from sales of securities 347 209
Purchases of securities (373) (222)
Other (6) (27)
Net cash used in investing activities (1,336) (1,399)
Financing Activities    
Repayment of short-term debt, net (233) 80
Repayment of affiliated current borrowings, net (376) (427)
Issuance of long-term debt 750 700
Repayment and repurchase of long-term debt (457) (6)
Distribution payments to parent 0 (270)
Other (7) (5)
Net cash provided by financing activities (323) 72
Decrease in cash and cash equivalents 43 67
Cash and cash equivalents at beginning of period 18 [2] 15
Cash and cash equivalents at end of period 61 82
Significant noncash investing and financing activities:    
Accrued capital expenditures 142 117
Dominion Gas Holdings, LLC    
Operating Activities    
Net income 203 246
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 95 104
Deferred income taxes and investment tax credits 125 55
Gains on the sales of assets and equity method investment in Iroquois (45) (71)
Other adjustments 4 0
Changes in:    
Accounts receivable 39 106
Affiliated receivables and payables 87 (15)
Deferred fuel and purchased gas costs, net 11 28
Prepayments 29 111
Accounts payable (75) (132)
Accrued interest, payroll and taxes (28) (54)
Other operating assets and liabilities (120) (85)
Net cash provided by operating activities 325 293
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (393) (292)
Proceeds from sale of equity method investment in Iroquois 7 0
Proceeds from assignments of shale development rights 5 28
Other (5) (6)
Net cash used in investing activities (386) (270)
Financing Activities    
Repayment of short-term debt, net (153) 360
Repayment of affiliated current borrowings, net (95) (216)
Issuance of long-term debt 680 0
Distribution payments to parent (150) (164)
Other (8) (1)
Net cash provided by financing activities 274 (21)
Decrease in cash and cash equivalents 213 2
Cash and cash equivalents at beginning of period 13 [3] 9
Cash and cash equivalents at end of period 226 11
Significant noncash investing and financing activities:    
Accrued capital expenditures $ 42 $ 37
[1] Dominion’s Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.
[2] Virginia Power’s Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.
[3] Dominion Gas’ Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.