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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income $ 216 $ 363
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 481 425
Deferred income taxes and investment tax credits, net 169 178
Deferred fuel cost (credit) (79) (29)
Allowance for equity funds used during construction (49) (55)
Other adjustments to net income 39 167
Cash provided (used) by changes in operating assets and liabilities    
Receivables (9) (5)
Inventory 8 (127)
Other assets 14 16
Income taxes, net 1 56
Accounts payable 70 1
Accrued pension and other benefits (74) (259)
Other liabilities (36) 49
Net cash provided (used) by operating activities 751 780
Investing activities    
Gross property additions (1,080) (1,004)
Nuclear fuel additions (65) (93)
Purchases of available-for-sale securities and other investments (625) (3,387)
Proceeds from available-for-sale securities and other investments 610 3,364
Other investing activities 81 82
Net cash provided (used) by investing activities (1,079) (1,038)
Financing activities    
Issuance of common stock, net 6 26
Dividends paid on common stock (446) (366)
Payments of short-term debt with original maturities greater than 90 days (65) 0
Proceeds from issuance of short-term debt with original maturities greater than 90 days 65 0
Net increase (decrease) in short-term debt (326) 314
Proceeds from issuance of long-term debt, net 1,432 494
Retirement of long-term debt (450) (700)
Other financing activities (45) (69)
Net cash provided (used) by financing activities 171 (301)
Net increase (decrease) in cash and cash equivalents (157) (559)
Cash and cash equivalents at beginning of period 230 611
Cash and cash equivalents at end of period 73 52
Significant noncash transactions    
Accrued property additions 237 256
Capital expenditures financed through capital leases 116 0
PEC
   
Operating activities    
Net income 83 238
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 330 322
Deferred income taxes and investment tax credits, net 95 119
Deferred fuel cost (credit) (3) 10
Allowance for equity funds used during construction (32) (38)
Other adjustments to net income 42 45
Cash provided (used) by changes in operating assets and liabilities    
Receivables (10) 52
Receivables from affiliated companies 1 17
Inventory 1 (121)
Other assets (2) (8)
Income taxes, net (45) 78
Accounts payable 12 (30)
Payables to affiliated companies 27 (28)
Accrued pension and other benefits (35) (164)
Other liabilities (14) 44
Net cash provided (used) by operating activities 450 536
Investing activities    
Gross property additions (683) (579)
Nuclear fuel additions (50) (80)
Purchases of available-for-sale securities and other investments (271) (286)
Proceeds from available-for-sale securities and other investments 256 262
Changes in advances to affiliated companies (229) 2
Other investing activities 69 9
Net cash provided (used) by investing activities (908) (672)
Financing activities    
Dividends paid on preferred stock (1) (1)
Dividends paid to parent (310) (275)
Net increase (decrease) in short-term debt (188) 198
Proceeds from issuance of long-term debt, net 988 0
Changes in advances from affiliated companies (31) 3
Other financing activities 1 (1)
Net cash provided (used) by financing activities 459 (76)
Net increase (decrease) in cash and cash equivalents 1 (212)
Cash and cash equivalents at beginning of period 20 230
Cash and cash equivalents at end of period 21 18
Significant noncash transactions    
Accrued property additions 150 181
Capital expenditures financed through capital leases 116 0
PEF
   
Operating activities    
Net income 211 215
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 135 84
Deferred income taxes and investment tax credits, net 74 115
Deferred fuel cost (credit) (76) (39)
Allowance for equity funds used during construction (17) (17)
Other adjustments to net income (16) 105
Cash provided (used) by changes in operating assets and liabilities    
Receivables (10) (50)
Receivables from affiliated companies (6) (7)
Inventory 6 (8)
Other assets 19 31
Income taxes, net 31 73
Accounts payable 45 31
Payables to affiliated companies 14 (16)
Accrued pension and other benefits (34) (89)
Other liabilities 24 39
Net cash provided (used) by operating activities 400 467
Investing activities    
Gross property additions (380) (419)
Nuclear fuel additions (15) (13)
Purchases of available-for-sale securities and other investments (353) (3,091)
Proceeds from available-for-sale securities and other investments 353 3,092
Other investing activities 25 73
Net cash provided (used) by investing activities (370) (358)
Financing activities    
Dividends paid on preferred stock (1) (1)
Dividends paid to parent (170) (400)
Payments of short-term debt with original maturities greater than 90 days (65) 0
Proceeds from issuance of short-term debt with original maturities greater than 90 days 65 0
Net increase (decrease) in short-term debt (89) 67
Changes in advances from affiliated companies 235 (3)
Other financing activities (2) (3)
Net cash provided (used) by financing activities (27) (340)
Net increase (decrease) in cash and cash equivalents 3 (231)
Cash and cash equivalents at beginning of period 16 249
Cash and cash equivalents at end of period 19 18
Significant noncash transactions    
Accrued property additions $ 83 $ 73