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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income $ 120 $ 109
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60 56
Amortization of deferred financing costs 2 2
Deferred income taxes 71 68
Write-down of natural gas inventory 1 2
Equity in (earnings) losses of unconsolidated affiliate, net of distributions (60) 20
Changes in other assets and liabilities:    
Accounts receivable and unbilled revenues, net 37 62
Accounts receivable/payable–affiliated companies (6) 0
Inventory 108 170
Accounts payable (65) (174)
Fuel cost recovery (3) 86
Interest and taxes accrued 3 1
Non-trading derivatives, net 8 1
Margin deposits, net 27 (4)
Other current assets (3) 7
Other current liabilities (2) (18)
Other assets 5 12
Other liabilities 8 11
Other, net 1 0
Net cash provided by operating activities 312 411
Cash Flows from Investing Activities:    
Capital expenditures (98) (102)
Distribution from unconsolidated affiliate in excess of cumulative earnings 74 0
Increase in notes receivable–affiliated companies (24) 0
Decrease in notes receivable–unconsolidated affiliate 363 0
Other, net 0 2
Net cash provided by (used in) investing activities 315 (100)
Cash Flows from Financing Activities:    
Decrease in short-term borrowings, net (40) (53)
Payments of commercial paper, net (219) (62)
Dividends to parent (363) 0
Debt issuance costs (1) 0
Decrease in notes payable–affiliated companies 0 (188)
Net cash used in financing activities (623) (303)
Net Increase in Cash and Cash Equivalents 4 8
Cash and Cash Equivalents at Beginning of Period 0 2
Cash and Cash Equivalents at End of Period 4 10
Cash Payments:    
Interest, net of capitalized interest 28 28
Income taxes, net 0 3
Non-cash transactions:    
Accounts payable related to capital expenditures $ 28 $ 27