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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net income (loss) $ 148 $ 122
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Pre-tax gain from the sale of certain generation facilities (595) 0
Depreciation 218 164
Amortization 93 93
Defined benefit plans - expense 23 23
Deferred income taxes and investment tax credits (142) (46)
Impairment of assets 214 6
Unrealized (gains) losses on derivatives, and other hedging activities 83 (40)
Other 17 38
Change in current assets and current liabilities    
Accounts receivable (18) 50
Accounts payable (28) (135)
Unbilled revenues 24 80
Fuel, materials and supplies 23 33
Prepayments (5) 37
Counterparty collateral (57) 36
Taxes payable 212 (2)
Other (10) (33)
Other operating activities    
Defined benefit plans - funding 0 (74)
Other assets 3 2
Other liabilities 4 1
Net cash provided by operating activities 207 355
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (268) (179)
Proceeds from the sale of certain generation facilities 1,525 0
Expenditures for intangible assets (29) (19)
Purchases of nuclear plant decommissioning trust investments (101) (108)
Proceeds from the sale of nuclear plant decommissioning trust investments 92 100
Net (increase) decrease in restricted cash and cash equivalents 53 67
Other investing activities 18 12
Net cash provided by (used in) investing activities 1,290 (127)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 600
Retirement of long-term debt (394) (2)
Contributions from predecessor member 0 82
Distributions to predecessor member 0 (214)
Net increase (decrease) in short-term debt (150) (668)
Other financing activities (3) (26)
Net cash provided by (used in) financing activities (547) (228)
Net Increase (Decrease) in Cash and Cash Equivalents 950 0
Cash and Cash Equivalents at Beginning of Period 141 352
Cash and Cash Equivalents at End of Period 1,091 352
Talen Energy Supply    
Cash Flows from Operating Activities    
Net income (loss) 155 122
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Pre-tax gain from the sale of certain generation facilities (595) 0
Depreciation 218 164
Amortization 93 93
Defined benefit plans - expense 23 23
Deferred income taxes and investment tax credits (137) (46)
Impairment of assets 214 6
Unrealized (gains) losses on derivatives, and other hedging activities 83 (40)
Other 17 38
Change in current assets and current liabilities    
Accounts receivable (27) 50
Accounts payable (31) (135)
Unbilled revenues 24 80
Fuel, materials and supplies 23 33
Prepayments (5) 37
Counterparty collateral (57) 36
Taxes payable 212 (2)
Other (10) (33)
Other operating activities    
Defined benefit plans - funding 0 (74)
Other assets 3 2
Other liabilities 4 1
Net cash provided by operating activities 207 355
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (268) (179)
Proceeds from the sale of certain generation facilities 1,525 0
Expenditures for intangible assets (29) (19)
Purchases of nuclear plant decommissioning trust investments (101) (108)
Proceeds from the sale of nuclear plant decommissioning trust investments 92 100
Net (increase) decrease in restricted cash and cash equivalents 53 67
Other investing activities 18 12
Net cash provided by (used in) investing activities 1,290 (127)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 600
Retirement of long-term debt (394) (2)
Contributions from predecessor member 0 82
Distributions to predecessor member 0 (215)
Net increase (decrease) in short-term debt (150) (668)
Other financing activities (3) (25)
Net cash provided by (used in) financing activities (547) (228)
Net Increase (Decrease) in Cash and Cash Equivalents 950 0
Cash and Cash Equivalents at Beginning of Period 141 352
Cash and Cash Equivalents at End of Period $ 1,091 $ 352