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Statements of Cash Flows - MEC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 3,020 $ 2,721 $ 5,790
Adjustments to reconcile net income to net cash flows from operating activities:      
Allowance for equity funds (267) (167) (126)
Deferred income taxes and investment tax credits, net (257) (467) 646
Other, net (46) 59 (57)
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (134) 150 553
Pension and other postretirement benefit plans (10) (27) (39)
Accrued property, income and other taxes, net (58) 397 (489)
Accounts payable and other liabilities 280 579 163
Net cash flows from operating activities 7,132 9,359 8,692
Cash flows from investing activities:      
Capital expenditures (9,148) (7,505) (6,611)
Purchases of marketable securities (314) (574) (297)
Proceeds from sales of marketable securities 2,520 2,464 273
Other, net 17 (28) (94)
Net cash flows from investing activities (5,899) (7,750) (5,763)
Cash flows from financing activities:      
Other, net (54) (274) (70)
Net cash flows from financing activities (1,250) (1,006) (3,131)
Net change in cash and cash equivalents and restricted cash and cash equivalents (6) 573 (201)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 1,817 1,244 1,445
Cash and cash equivalents and restricted cash and cash equivalents at end of period 1,811 1,817 1,244
MEC      
Cash flows from operating activities:      
Net income (loss) 982 961 894
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 908 1,168 914
Amortization of utility plant to other operating expenses 34 35 34
Allowance for equity funds (59) (51) (39)
Deferred income taxes and investment tax credits, net 90 33 153
Settlements of asset retirement obligations (21) (85) (103)
Other, net 46 51 21
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets 254 (11) (293)
Inventories (87) (43) 44
Pension and other postretirement benefit plans 3 8 (4)
Accrued property, income and other taxes, net 76 40 (71)
Accounts payable and other liabilities (9) 68 67
Net cash flows from operating activities 2,217 2,174 1,617
Cash flows from investing activities:      
Capital expenditures (1,833) (1,869) (1,912)
Purchases of marketable securities (243) (499) (213)
Proceeds from sales of marketable securities 227 492 207
Other, net 12 9 7
Net cash flows from investing activities (1,837) (1,867) (1,911)
Cash flows from financing activities:      
Common stock dividends (1,025) (275) 0
Proceeds from long-term debt 1,338 0 492
Repayments of long-term debt (317) (2) (1)
Other, net (2) (1) (3)
Net cash flows from financing activities (6) (278) 488
Net change in cash and cash equivalents and restricted cash and cash equivalents 374 29 194
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 268 239 45
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 642 $ 268 $ 239