XML 54 R25.htm IDEA: XBRL DOCUMENT v3.22.0.1
STATEMENTS OF CONSOLIDATED CASH FLOWS - CERC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income (loss) $ 1,486 $ (773) $ 791
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,316 1,189 1,225
Deferred income taxes 213 (429) 69
Goodwill impairment and loss from reclassification to held for sale 0 175 48
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net (98) 90 226
Inventory (140) 9 (52)
Taxes receivable 81 24 (106)
Accounts payable 175 2 (455)
Net regulatory assets and liabilities (2,295) (107) (22)
Other operating activities, net 85 35 128
Net cash provided by operating activities 22 1,995 1,638
Cash Flows from Investing Activities:      
Capital expenditures (3,164) (2,596) (2,506)
Proceeds from divestitures (Note 4) 22 1,215 0
Other investing activities, net 15 36 34
Net cash used in investing activities (1,851) (1,265) (8,421)
Cash Flows from Financing Activities:      
Proceeds from (payments of) commercial paper, net 1,132 (761) 1,891
Proceeds from long-term debt 4,493 799 2,916
Payments of long-term debt, including make-whole premiums (2,968) (1,724) (1,302)
Other financing activities, net (5) (6) (14)
Net cash provided by (used in) financing activities 1,916 (834) 2,776
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 87 (104) (4,007)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 167 271 4,278
Cash, Cash Equivalents and Restricted Cash at End of Year 254 167 271
CERC Corp      
Cash Flows from Operating Activities:      
Net income (loss) 254 81 212
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 326 304 293
Deferred income taxes 77 91 7
Goodwill impairment and loss from reclassification to held for sale 0 93 48
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net (60) 151 252
Accounts receivable/payable–affiliated companies (4) 4 (6)
Inventory (54) 63 (12)
Taxes receivable (28) 0 0
Accounts payable 76 (72) (305)
Net regulatory assets and liabilities (1,979) (52) 76
Other current assets and liabilities (11) 47 (91)
Other assets and liabilities (45) 14 (33)
Other operating activities, net 8 5 25
Net cash provided by operating activities (1,440) 729 466
Cash Flows from Investing Activities:      
Capital expenditures (895) (815) (776)
(Increase) decrease in notes receivable–affiliated companies 0 (9) 114
Proceeds from divestitures (Note 4) 22 365  
Other investing activities, net 14 7 0
Net cash used in investing activities (859) (452) (662)
Cash Flows from Financing Activities:      
Decrease in short-term borrowings, net (27) 0 0
Proceeds from (payments of) commercial paper, net 552 (30) 167
Proceeds from long-term debt 1,699 500 0
Payments of long-term debt, including make-whole premiums (311) (593) 0
Payment of debt issuance costs (10) (4) 0
Dividend to parent 0 (80) (120)
Contribution from parent 180 217 129
Capital distribution to parent associated with the sale of CES 0 (286) 0
Increase (decrease) in notes payable–affiliated companies 224 0 0
Other financing activities, net (1) (2) (3)
Net cash provided by (used in) financing activities 2,306 (278) 173
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 7 (1) (23)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 1 2 25
Cash, Cash Equivalents and Restricted Cash at End of Year $ 8 $ 1 $ 2