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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income (loss) including noncontrolling interests $ 1,008 $ (239)
Net income (loss) 1,008 (270)
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 685 759
Deferred income taxes and investment tax credits 216 (65)
Impairment of assets and other charges 95 768
Net losses (gains) on nuclear decommissioning trust funds and other investments (152) 526
Other adjustments 4 4
Changes in:    
Accounts receivable 334 245
Inventories 73 71
Deferred fuel and purchased gas costs, net (149) 162
Prepayments 24 38
Accounts payable 21 (164)
Accrued interest, payroll and taxes (177) (234)
Customer deposits (9) (13)
Margin deposit assets and liabilities (60) 46
Net realized and unrealized changes related to derivative activities (218) 36
Other operating assets and liabilities (243) (307)
Net cash provided by operating activities 1,452 1,633
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (1,328) (1,462)
Acquisition of solar development projects (23) (8)
Proceeds from sales of securities 1,765 602
Purchases of securities (1,765) (631)
Contributions to equity method affiliates (977) (11)
Acquisition of equity method investments 0 (178)
Other 20 47
Net cash used in investing activities (2,308) (1,641)
Financing Activities    
Issuance of short-term debt, net 1,921 1,279
Issuance of short-term notes 0 500
Repayment of supplemental 364-day credit facility borrowings (225) 0
Issuance of long-term debt 150 950
Repayment of long-term debt (161) (932)
Issuance of common stock 48 78
Common dividend payments (508) (788)
Dividends and distributions 0 0
Other (54) (81)
Net cash provided by (used in) financing activities 1,171 1,006
Increase (decrease) in cash, restricted cash and equivalents 315 998
Cash, restricted cash and equivalents at beginning of period 247 269
Cash, restricted cash and equivalents at end of period 562 1,267
Virginia Electric and Power Company    
Operating Activities    
Net income (loss) 374 (280)
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 365 357
Deferred income taxes and investment tax credits 87 (135)
Impairment of assets and other charges (benefit) (51) 764
Other adjustments (29) 53
Changes in:    
Accounts receivable 317 123
Affiliated receivables and payables (144) 24
Inventories 21 5
Deferred fuel and purchased gas costs, net (159) 70
Prepayments (4) (5)
Accounts payable 0 99
Accrued interest, payroll and taxes 54 13
Net realized and unrealized changes related to derivative activities 18 (12)
Other operating assets and liabilities (65) 73
Net cash provided by operating activities 784 1,149
Investing Activities    
Plant construction and other property additions (766) (764)
Purchases of nuclear fuel (46) (25)
Acquisition of solar development projects (10) (6)
Proceeds from sales of securities 789 294
Purchases of securities (791) (310)
Other 41 37
Net cash used in investing activities (783) (774)
Financing Activities    
Issuance of short-term debt, net 375 (108)
Issuance (repayment) of affiliated current borrowings, net (203) (106)
Common dividend payments (150) (108)
Other (2) (1)
Net cash provided by (used in) financing activities 20 (323)
Increase (decrease) in cash, restricted cash and equivalents 21 52
Cash, restricted cash and equivalents at beginning of period 35 24
Cash, restricted cash and equivalents at end of period $ 56 $ 76