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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ (1,094) $ 364
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 579 622
Depreciation and amortization on assets held for sale 0 31
Amortization of deferred financing costs 15 14
Amortization of intangible assets in non-utility cost of revenues 1 12
Deferred income taxes (477) (21)
Goodwill impairment and loss from reclassification to held for sale 172 0
Goodwill Impairment 185 0
Unrealized loss (gain) on marketable securities 69 (147)
Loss (gain) on indexed debt securities (59) 154
Write-down of natural gas inventory 3 3
Equity in (earnings) losses of unconsolidated affiliates 1,432 (136)
Distributions from unconsolidated affiliates 109 149
Pension contributions (5) (29)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 312 463
Inventory 22 10
Taxes receivable 106 (69)
Accounts payable (221) (594)
Fuel cost recovery 15 78
Non-trading derivatives, net (3) (71)
Margin deposits, net 65 (12)
Interest and taxes accrued 14 (88)
Net regulatory assets and liabilities (80) (77)
Other current assets 1 20
Other current liabilities (39) (156)
Other assets 15 76
Other liabilities 41 (30)
Other operating activities, net 3 8
Net cash provided by operating activities from continuing operations 1,181 574
Cash Flows from Investing Activities:    
Capital expenditures (1,278) (1,169)
Acquisitions, net of cash acquired 0 (5,987)
Increase in notes receivable – unconsolidated affiliate 0 (4)
Distributions from unconsolidated affiliate in excess of cumulative earnings 7 0
Proceeds from divestitures (Note 3) (1,136) 0
Other investing activities, net (8) 11
Net cash used in investing activities from continuing operations (143) (7,149)
Cash Flows from Financing Activities:    
Increase in short-term borrowings, net 19 0
Proceeds from (payments of) commercial paper, net (1,498) 2,221
Proceeds from long-term debt, net 299 1,721
Payments of long-term debt (1,032) (1,077)
Proceeds from (Repayments of) Lines of Credit 0 135
Payment of debt issuance costs (3) (9)
Payment of dividends on Common Stock (227) (288)
Payment of dividends on Preferred Stock (66) (60)
Proceeds from issuance of Common Stock, net 673 0
Proceeds from issuance of Series C Preferred Stock, net 724 0
Other financing activities, net (4) (14)
Net cash provided by (used in) financing activities from continuing operations (1,115) 2,629
Net Decrease in Cash, Cash Equivalents and Restricted Cash (77) (3,946)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 271 4,278
Cash, Cash Equivalents and Restricted Cash at End of Period 194 332
Houston Electric [Member]    
Cash Flows from Operating Activities:    
Net income (loss) 120 127
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 269 351
Amortization of deferred financing costs 5 5
Deferred income taxes (10) (27)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net (102) (56)
Accounts receivable/payable–affiliated companies (6) (35)
Inventory (28) (7)
Taxes receivable 0 (8)
Accounts payable 9 2
Non-trading derivatives, net 15 (25)
Interest and taxes accrued (2) (34)
Net regulatory assets and liabilities (13) (69)
Other current assets 16 18
Other current liabilities 2 (4)
Other assets (1) 10
Other liabilities 12 (3)
Other operating activities, net (8) (5)
Net cash provided by operating activities from continuing operations 278 240
Cash Flows from Investing Activities:    
Capital expenditures (548) (514)
Increase in notes receivable – unconsolidated affiliate 448 (794)
Other investing activities, net (7) (3)
Net cash used in investing activities from continuing operations (107) (1,311)
Cash Flows from Financing Activities:    
Increase in short-term borrowings, net 5 0
Proceeds from long-term debt, net 299 696
Payments of long-term debt (132) (242)
Decrease in notes payable–affiliated companies 0 (1)
Dividend to parent (405) (40)
Contribution from parent 0 590
Payment of debt issuance costs (3) (8)
Other financing activities, net 0 (1)
Net cash provided by (used in) financing activities from continuing operations (236) 994
Net Decrease in Cash, Cash Equivalents and Restricted Cash (65) (77)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 235 370
Cash, Cash Equivalents and Restricted Cash at End of Period 170 293
CERC Corp [Member]    
Cash Flows from Operating Activities:    
Net income (loss) 80 166
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 148 146
Depreciation and amortization on assets held for sale 0 7
Amortization of deferred financing costs 5 4
Deferred income taxes 26 20
Goodwill impairment and loss from reclassification to held for sale 93 0
Write-down of natural gas inventory 3 3
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 357 554
Accounts receivable/payable–affiliated companies (7) (11)
Inventory 52 26
Accounts payable (183) (442)
Fuel cost recovery 14 78
Non-trading derivatives, net (13) (62)
Margin deposits, net 65 (12)
Interest and taxes accrued (27) (31)
Net regulatory assets and liabilities (12) 15
Other current assets 2 7
Other current liabilities (22) (21)
Other assets 7 (2)
Other liabilities 5 3
Other operating activities, net (6) 1
Net cash provided by operating activities from continuing operations 587 449
Cash Flows from Investing Activities:    
Capital expenditures (376) (322)
Increase in notes receivable – unconsolidated affiliate (9) (66)
Proceeds from divestitures (Note 3) (286) 0
Other investing activities, net 2 2
Net cash used in investing activities from continuing operations (97) (386)
Cash Flows from Financing Activities:    
Increase in short-term borrowings, net 14 0
Proceeds from (payments of) commercial paper, net (145) 22
Dividend to parent (72) (103)
Contribution from parent 0 0
Capital distribution to parent associated with the sale of CES (286) 0
Other financing activities, net (2) (2)
Net cash provided by (used in) financing activities from continuing operations (491) (83)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (1) (20)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 2 25
Cash, Cash Equivalents and Restricted Cash at End of Period $ 1 $ 5