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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net Income $ 1,144 $ 1,440 $ 1,382
Net income 1,101 1,343 1,382
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,920 1,684 1,438
Impairment of assets 320 0 0
Deferred income taxes 85 308 408
Rate case amortization and accruals (40) (116) (117)
Common equity component of allowance for funds used during construction (17) (14) (12)
Net derivative (gains)/losses 57 27 8
(Gain) on Sale of Assets 0 (14) 0
Unbilled revenue and net unbilled revenue deferrals (1) (3) 18
(Gain) on existing project interests due to acquisition of Sempra Solar Holdings, LLC 0 0 (131)
Other non-cash items, net 127 (18) 115
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (543) 23 (140)
Materials and supplies, including fuel oil and gas in storage (4) 6 (20)
Revenue decoupling mechanism receivable (61) (76) 0
Other receivables and other current assets (134) 54 (62)
Taxes receivable (6) 29 27
Prepayments (11) (73) (7)
Accounts payable 170 10 (46)
Pensions and retiree benefits obligations, net 285 357 325
Pensions and retiree benefits contributions (478) (357) (479)
Accrued taxes 74 10 (49)
Accrued interest (4) 24 (35)
Superfund and environmental remediation costs, net (22) (9) (19)
Distributions from equity investments 39 57 107
System benefit charge (119) 20 92
Deferred charges, noncurrent assets and other regulatory assets (653) (492) (393)
Deferred credits and other regulatory liabilities 10 278 436
Other current and noncurrent liabilities 60 (21) (151)
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,198 3,134 2,695
INVESTING ACTIVITIES      
Utility construction expenditures (3,326) (3,238) (3,251)
Cost of removal less salvage (310) (295) (258)
Non-utility construction expenditures (583) (248) (246)
Acquisition of Sempra Solar Holdings, LLC, net of cash acquired 0 0 (1,488)
Proceeds from sale of assets 0 192 5
Other investing activities 22 22 34
NET CASH FLOWS USED IN INVESTING ACTIVITIES (4,224) (3,782) (5,471)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt 178 (874) 1,989
Issuance of long-term debt 2,925 3,017 3,030
Retirement of long-term debt (518) (1,195) (1,938)
Debt issuance costs (47) (32) (61)
Common stock dividends (975) (924) (842)
Issuance of common shares - public offering 640 825 705
Issuance of common shares for stock plans 58 54 53
Distribution to noncontrolling interest (16) (12) 2
NET CASH FLOWS FROM FINANCING ACTIVITIES 2,245 859 2,938
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD 219 211 162
BALANCE AT BEGINNING OF PERIOD 1,217 1,006 844
BALANCE AT END OF PERIOD 1,436 1,217 1,006
Cash paid/(received) during the period for:      
Interest 920 876 805
Income taxes 38 (26) 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 478 336 369
Issuance of common shares for dividend reinvestment 48 47 47
Debt assumed with business acquisitions 0 0 568
Electric and Gas Transmission Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (3) (205) (248)
Renewable Electric Production Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (24) (10) (19)
CECONY      
OPERATING ACTIVITIES      
Net income 1,185 1,250 1,196
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,598 1,373 1,276
Deferred income taxes 168 128 354
Rate case amortization and accruals (40) (117) (133)
Common equity component of allowance for funds used during construction (14) (12) (11)
(Gain) on Sale of Assets 0 (14) 0
Unbilled revenue and net unbilled revenue deferrals (47) (3) (4)
Other non-cash items, net 66 7 13
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (516) 3 (153)
Materials and supplies, including fuel oil and gas in storage 2 11 (17)
Revenue decoupling mechanism receivable (53) (76) 0
Other receivables and other current assets (49) 54 (96)
Accounts receivables from affiliated companies (61) 141 (150)
Prepayments 19 (61) (9)
Accounts payable 145 (7) (27)
Accounts payable to affiliated companies 9 (4) 7
Pensions and retiree benefits obligations, net 253 330 293
Pensions and retiree benefits contributions (438) (325) (440)
Accrued taxes 61 11 (47)
Accrued taxes to affiliated companies 1 0 (72)
Accrued interest 13 1 (1)
Superfund and environmental remediation costs, net (30) (12) (18)
System benefit charge (112) 18 86
Deferred charges, noncurrent assets and other regulatory assets (603) (486) (314)
Deferred credits and other regulatory liabilities 92 306 549
Other current and noncurrent liabilities 44 (14) (78)
NET CASH FLOWS FROM OPERATING ACTIVITIES 1,693 2,502 2,204
INVESTING ACTIVITIES      
Utility construction expenditures (3,112) (3,028) (3,051)
Cost of removal less salvage (304) (288) (255)
Proceeds from sale of assets 0 192 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,416) (3,124) (3,306)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt 523 (55) 1,042
Issuance of long-term debt 2,200 1,300 2,740
Retirement of long-term debt (350) (475) (1,836)
Debt issuance costs (34) (21) (30)
Capital contribution by parent 500 900 120
Dividend to parent (982) (912) (846)
NET CASH FLOWS FROM FINANCING ACTIVITIES 1,857 737 1,190
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD 134 115 88
BALANCE AT BEGINNING OF PERIOD 933 818 730
BALANCE AT END OF PERIOD 1,067 933 818
Cash paid/(received) during the period for:      
Interest 693 676 662
Income taxes 102 73 195
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 417 285 299
Software Licenses      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 51 80 100
Software Licenses | CECONY      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 48 76 95
Equipment      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 28 33 0
Equipment | CECONY      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period $ 28 $ 33 $ 0