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Consolidated Statements of Cash Flows (Unaudited) - PAC - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 2,064 $ 2,768
Adjustments to reconcile net income to net cash flows from operating activities:    
Allowance for equity funds (110) (80)
Net power cost deferrals (446) (288)
Amortization of net power cost deferrals 279 119
Other changes in regulatory assets and liabilities (66) (57)
Deferred income taxes and investment tax credits, net (117) 385
Other, net (93) 37
Changes in other operating assets and liabilities, net of effects from acquisitions:    
Trade receivables and other assets (60) (156)
Derivative collateral, net (224) 189
Accrued property, income and other taxes, net 530 489
Accounts payable and other liabilities 52 457
Wildfires insurance receivable (133) (161)
Wildfires liability 524 225
Net cash flows from operating activities 3,665 5,147
Cash flows from investing activities:    
Capital expenditures (4,025) (3,382)
Other, net 16 (18)
Net cash flows from investing activities (3,674) (3,452)
Cash flows from financing activities:    
Other, net (36) (248)
Net cash flows from financing activities 625 (605)
Net change in cash and cash equivalents and restricted cash and cash equivalents 623 1,057
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 1,817 1,244
Cash and cash equivalents and restricted cash and cash equivalents at end of period 2,440 2,301
PAC    
Cash flows from operating activities:    
Net income (loss) (14) 212
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 558 559
Allowance for equity funds (61) (28)
Net power cost deferrals (255) (62)
Amortization of net power cost deferrals 71 27
Other changes in regulatory assets and liabilities (54) (41)
Deferred income taxes and investment tax credits, net (68) 29
Other, net (2) 12
Changes in other operating assets and liabilities, net of effects from acquisitions:    
Trade receivables and other assets 113 17
Inventories (59) (16)
Derivative collateral, net (90) 69
Accrued property, income and other taxes, net 161 152
Accounts payable and other liabilities 216 219
Wildfires insurance receivable (133) (161)
Wildfires liability 524 225
Net cash flows from operating activities 907 1,213
Cash flows from investing activities:    
Capital expenditures (1,529) (894)
Other, net 0 6
Net cash flows from investing activities (1,529) (888)
Cash flows from financing activities:    
Proceeds from long-term debt 1,189 0
Repayments of long-term debt (309) (9)
Dividends paid (300) (100)
Other, net (3) (2)
Net cash flows from financing activities 577 (111)
Net change in cash and cash equivalents and restricted cash and cash equivalents (45) 214
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 674 186
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 629 $ 400