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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
1 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2023
May 17, 2023
Jun. 30, 2024
Operating Activities      
Net Income (Loss) $ 31 $ 465 $ 777
Non-cash reconciliation adjustments:      
Unrealized (gains) losses on derivative instruments (39) 65 36
(Gain) loss on Cumulus Data Campus Sale and ERCOT Sale 0 0 (886)
(Gain) loss on sales of assets, net 0 (50) 0
Nuclear fuel amortization 25 33 63
Depreciation, amortization and accretion 27 208 144
Impairments 0 381 0
NDT funds (gain) loss, net (excluding interest and fees) (33) (43) (80)
Deferred income taxes 16 195 94
Reorganization (income) expense, net 0 (933) 0
Other 17 7 (58)
Changes in assets and liabilities:      
Accounts receivable, net (5) 261 (14)
Inventory, net (11) 10 90
Other assets 22 98 34
Accounts payable and accrued liabilities (89) (69) (114)
Accrued interest 25 (124) (1)
Other liabilities 13 (42) 65
Net cash provided by (used in) operating activities (1) 462 150
Investing Activities      
Property, plant and equipment expenditures (20) (138) (45)
Nuclear fuel expenditures (14) (49) (44)
NDT funds investment sale proceeds 273 949 1,095
NDT funds investment purchases (279) (959) (1,110)
Equity investments in affiliates 0 (8) (5)
Proceeds from Cumulus Data Campus Sale and ERCOT Sale (Note 17) 0 0 1,089
Proceeds from the sale of assets 0 46 1
Other investing activities 2 2 (2)
Net cash provided by (used in) investing activities (38) (157) 979
Financing Activities      
Contributions from member 0 1,393 0
Financing proceeds at Emergence, net of discount 0 2,219 0
Repayment of Prepetition Secured Indebtedness 0 (3,898) 0
Payment of make-whole premiums on Prepetition Secured Indebtedness 0 (152) 0
LMBE-MC TLB payments (1) (7) 0
Cumulus Digital TLF repayment 0 0 (182)
Share repurchases (Note 15) 0 0 (654)
Repurchase of noncontrolling interest 0 0 (39)
Cash settlement of restricted stock units 0 0 (28)
Deferred finance costs 0 (74) 0
Derivatives with financing elements 0 (20) 0
Other 1 0 (12)
Net cash provided by (used in) financing activities 0 (539) (915)
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash and Cash Equivalents (39) (234) 214
Beginning of period cash and cash equivalents and restricted cash and cash equivalents 754 988 901
End of period cash and cash equivalents and restricted cash and cash equivalents $ 715 $ 754 $ 1,115