XML 91 R8.htm IDEA: XBRL DOCUMENT v3.20.1
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income $ 791,000,000 $ 368,000,000 $ 1,792,000,000
Income from discontinued operations (net of tax expense (benefit) of $(31), $2, and $113, respectively) 109,000,000 (28,000,000) 84,000,000
Income (loss) from continuing operations 682,000,000 396,000,000 1,708,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,225,000,000 1,230,000,000 1,020,000,000
Depreciation and amortization on assets held for sale 62,000,000 13,000,000 16,000,000
Amortization of deferred financing costs 29,000,000 48,000,000 24,000,000
Deferred income taxes 69,000,000 48,000,000 (770,000,000)
Amortization of intangible assets in Non-utility cost of revenues 24,000,000 0 0
Goodwill impairment 48,000,000 0 0
Unrealized loss (gain) on marketable securities 282,000,000 (22,000,000) 7,000,000
Loss (gain) on indexed debt securities 292,000,000 232,000,000 (49,000,000)
Write-down of natural gas inventory 4,000,000 2,000,000 0
Equity in earnings of unconsolidated affiliates (230,000,000) (307,000,000) (265,000,000)
Distributions from unconsolidated affiliates 261,000,000 267,000,000 0
Pension contributions (109,000,000) (69,000,000) (48,000,000)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 226,000,000 (154,000,000) (216,000,000)
Inventory (52,000,000) 1,000,000 (7,000,000)
Taxes receivable (106,000,000) 0 30,000,000
Accounts payable (455,000,000) 220,000,000 136,000,000
Fuel cost recovery 92,000,000 33,000,000 (85,000,000)
Non-trading derivatives, net (64,000,000) 103,000,000 (84,000,000)
Margin deposits, net (56,000,000) 5,000,000 (55,000,000)
Interest and taxes accrued 54,000,000 40,000,000 5,000,000
Net regulatory assets and liabilities (114,000,000) 28,000,000 (107,000,000)
Other current assets (22,000,000) 0 (3,000,000)
Other current liabilities (107,000,000) (24,000,000) 34,000,000
Other assets 103,000,000 6,000,000 (4,000,000)
Other liabilities (54,000,000) 12,000,000 36,000,000
Other, net 9,000,000 12,000,000 24,000,000
Net cash provided by operating activities 1,638,000,000 2,136,000,000 1,417,000,000
Cash Flows from Investing Activities:      
Capital expenditures (2,506,000,000) (1,651,000,000) (1,426,000,000)
Acquisitions, net of cash acquired (5,991,000,000) 0 (132,000,000)
Distributions from unconsolidated affiliates in excess of cumulative earnings 42,000,000 30,000,000 297,000,000
Proceeds from sale of marketable securities 0 398,000,000 0
Proceeds from sale of assets 5,000,000 0 0
Purchase of investments (6,000,000) 0 0
Other, net 35,000,000 16,000,000 4,000,000
Net cash provided by (used in) investing activities (8,421,000,000) (1,207,000,000) (1,257,000,000)
Cash Flows from Financing Activities:      
Increase (decrease) in short-term borrowings, net 0 (39,000,000) 4,000,000
Proceeds from (payments of) commercial paper, net 1,891,000,000 (1,543,000,000) 349,000,000
Proceeds from long-term debt, net 2,916,000,000 2,495,000,000 1,096,000,000
Payments of long-term debt (1,302,000,000) (484,000,000) (1,211,000,000)
Loss on reacquired debt 0 0 (5,000,000)
Debt and equity issuance costs (20,000,000) (47,000,000) (13,000,000)
Payment of dividends on Common Stock (577,000,000) (499,000,000) (461,000,000)
Payment of dividends on preferred stock (118,000,000) (11,000,000) 0
Proceeds from issuance of Common Stock, net 0 1,844,000,000 0
Proceeds from issuance of preferred stock, net 0 1,740,000,000 0
Distribution to ZENS holders 0 (398,000,000) 0
Other, net (14,000,000) (5,000,000) (4,000,000)
Net cash provided by (used in) financing activities 2,776,000,000 3,053,000,000 (245,000,000)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (4,007,000,000) 3,982,000,000 (85,000,000)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 4,278,000,000 296,000,000 381,000,000
Cash, Cash Equivalents and Restricted Cash at End of Year 271,000,000 4,278,000,000 296,000,000
CenterPoint Energy Houston Electric, LLC      
Cash Flows from Operating Activities:      
Net income 356,000,000 336,000,000 433,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 648,000,000 917,000,000 724,000,000
Amortization of deferred financing costs 12,000,000 11,000,000 13,000,000
Deferred income taxes (24,000,000) (38,000,000) (98,000,000)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 38,000,000 11,000,000 (73,000,000)
Accounts receivable/payable–affiliated companies (23,000,000) 20,000,000 (46,000,000)
Inventory (12,000,000) (16,000,000) 15,000,000
Taxes receivable 5,000,000 (5,000,000) 6,000,000
Accounts payable 13,000,000 (1,000,000) 59,000,000
Non-trading derivatives, net (25,000,000) 5,000,000 0
Interest and taxes accrued 13,000,000 (2,000,000) 7,000,000
Net regulatory assets and liabilities (48,000,000) (97,000,000) (148,000,000)
Other current assets (5,000,000) (2,000,000) (6,000,000)
Other current liabilities (9,000,000) (26,000,000) 16,000,000
Other assets 5,000,000 (3,000,000) 13,000,000
Other liabilities (12,000,000) 17,000,000 (4,000,000)
Other, net (14,000,000) (12,000,000) (6,000,000)
Net cash provided by operating activities 918,000,000 1,115,000,000 905,000,000
Cash Flows from Investing Activities:      
Capital expenditures (1,025,000,000) (922,000,000) (875,000,000)
(Increase) decrease in notes receivable–affiliated companies (481,000,000) 0 96,000,000
Other, net 11,000,000 11,000,000 3,000,000
Net cash provided by (used in) investing activities (1,495,000,000) (911,000,000) (776,000,000)
Cash Flows from Financing Activities:      
Proceeds from long-term debt, net 696,000,000 398,000,000 298,000,000
Payments of long-term debt (458,000,000) (434,000,000) (411,000,000)
Dividend to parent (376,000,000) (209,000,000) (180,000,000)
Increase (decrease) in notes payable–affiliated companies (1,000,000) (59,000,000) 60,000,000
Debt issuance costs (8,000,000) (4,000,000) (3,000,000)
Contribution from parent 590,000,000 200,000,000 0
Other, net (1,000,000) 0 0
Net cash provided by (used in) financing activities 442,000,000 (108,000,000) (236,000,000)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (135,000,000) 96,000,000 (107,000,000)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 370,000,000 274,000,000 381,000,000
Cash, Cash Equivalents and Restricted Cash at End of Year 235,000,000 370,000,000 274,000,000
CenterPoint Energy Resources Corp.      
Cash Flows from Operating Activities:      
Net income 212,000,000 208,000,000 745,000,000
Income from discontinued operations (net of tax expense (benefit) of $(31), $2, and $113, respectively) 23,000,000 110,000,000 245,000,000
Income (loss) from continuing operations 189,000,000 98,000,000 500,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 293,000,000 280,000,000 263,000,000
Depreciation and amortization on assets held for sale 12,000,000 13,000,000 16,000,000
Amortization of deferred financing costs 9,000,000 9,000,000 9,000,000
Deferred income taxes 7,000,000 64,000,000 (162,000,000)
Goodwill impairment 48,000,000 0 0
Write-down of natural gas inventory 4,000,000 2,000,000 0
Equity in earnings of unconsolidated affiliates 0 184,000,000 265,000,000
Distributions from unconsolidated affiliates 0 176,000,000 0
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 252,000,000 (155,000,000) (143,000,000)
Accounts receivable/payable–affiliated companies (6,000,000) 9,000,000 0
Inventory (12,000,000) 17,000,000 (22,000,000)
Accounts payable (305,000,000) 163,000,000 64,000,000
Fuel cost recovery 86,000,000 33,000,000 (85,000,000)
Non-trading derivatives, net (60,000,000) 98,000,000 (82,000,000)
Margin deposits, net (56,000,000) 5,000,000 (55,000,000)
Interest and taxes accrued 2,000,000 13,000,000 1,000,000
Net regulatory assets and liabilities (10,000,000) 50,000,000 (27,000,000)
Other current assets 1,000,000 4,000,000 2,000,000
Other current liabilities 22,000,000 (3,000,000) 15,000,000
Other assets 5,000,000 5,000,000 (8,000,000)
Other liabilities (38,000,000) 6,000,000 6,000,000
Other, net 0 1,000,000 6,000,000
Net cash provided by operating activities 466,000,000 814,000,000 278,000,000
Cash Flows from Investing Activities:      
Capital expenditures (776,000,000) (633,000,000) (513,000,000)
Acquisitions, net of cash acquired 0 0 (132,000,000)
(Increase) decrease in notes receivable–affiliated companies 114,000,000 (114,000,000) 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 0 47,000,000 297,000,000
Other, net 0 3,000,000 2,000,000
Net cash provided by (used in) investing activities (662,000,000) (697,000,000) (346,000,000)
Cash Flows from Financing Activities:      
Increase (decrease) in short-term borrowings, net 0 (39,000,000) 4,000,000
Proceeds from (payments of) commercial paper, net 167,000,000 (688,000,000) 329,000,000
Proceeds from long-term debt, net 0 599,000,000 298,000,000
Payments of long-term debt 0 0 (550,000,000)
Dividend to parent (120,000,000) (360,000,000) (601,000,000)
Increase (decrease) in notes payable–affiliated companies 0 (570,000,000) 570,000,000
Loss on reacquired debt 0 0 (5,000,000)
Debt issuance costs 0 (5,000,000) (4,000,000)
Contribution from parent 129,000,000 960,000,000 38,000,000
Other, net (3,000,000) (1,000,000) 0
Net cash provided by (used in) financing activities 173,000,000 (104,000,000) 79,000,000
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (23,000,000) 13,000,000 11,000,000
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 25,000,000 12,000,000 1,000,000
Cash, Cash Equivalents and Restricted Cash at End of Year $ 2,000,000 $ 25,000,000 $ 12,000,000