XML 91 R41.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - PAC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income attributable to parent $ 2,721 $ 5,790 $ 6,943
Adjustments to reconcile net income to net cash flows from operating activities:      
Allowance for equity funds (167) (126) (165)
Deferred energy (1,290) (520) (62)
Amortization of deferred energy 357 107 (5)
Other changes in regulatory assets and liabilities (146) (255) (348)
Deferred income taxes and investment tax credits, net (467) 646 1,880
Other, net 59 (57) (23)
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets 20 553 (1,318)
Derivative collateral, net 121 82 43
Accrued property, income and other taxes, net 397 (489) (134)
Accounts payable and other liabilities 751 163 501
Net cash flows from operating activities 9,359 8,692 6,224
Cash flows from investing activities:      
Capital expenditures (7,505) (6,611) (6,765)
Other, net 12 (74) 76
Net cash flows from investing activities (7,750) (5,763) (13,165)
Cash flows from financing activities:      
Net repayments of short-term debt (867) (276) (939)
Other, net (274) (70) (162)
Net cash flows from financing activities (1,006) (3,131) 7,103
Net change in cash and cash equivalents and restricted cash and cash equivalents 573 (201) 177
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 1,244 1,445 1,268
Cash and cash equivalents and restricted cash and cash equivalents at end of period 1,817 1,244 1,445
PAC      
Cash flows from operating activities:      
Net income attributable to parent 920 888 739
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 1,120 1,088 1,209
Allowance for equity funds (71) (50) (98)
Deferred energy (482) (159) (1)
Amortization of deferred energy 100 67 50
Other changes in regulatory assets and liabilities (162) (97) (278)
Deferred income taxes and investment tax credits, net 157 64 (124)
Other, net 13 (5) 1
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (264) 17 (169)
Inventories 0 8 (88)
Derivative collateral, net 95 19 23
Accrued property, income and other taxes, net (46) (37) (53)
Accounts payable and other liabilities 439 1 372
Net cash flows from operating activities 1,819 1,804 1,583
Cash flows from investing activities:      
Capital expenditures (2,166) (1,513) (2,540)
Other, net 5 12 30
Net cash flows from investing activities (2,161) (1,501) (2,510)
Cash flows from financing activities:      
Proceeds from long-term debt 1,087 984 987
Repayments of long-term debt (155) (870) (38)
Net repayments of short-term debt 0 (93) (37)
Dividends paid (100) (150) 0
Other, net (2) (7) (2)
Net cash flows from financing activities 830 (136) 910
Net change in cash and cash equivalents and restricted cash and cash equivalents 488 167 (17)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 186 19 36
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 674 $ 186 $ 19