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Condensed Consolidated Statements of Cash Flows - Progress Energy - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,700 $ 1,639
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 2,923 2,753
Equity component of AFUDC (99) (83)
Impairment of assets and other charges 206 131
Deferred income taxes 67 119
Payments for asset retirement obligations (255) (263)
Provision for rate refunds (65) (13)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions 351 15
Receivables (180) 85
Inventory (12) 153
Other current assets (1,144) (297)
Increase (decrease) in    
Accounts payable 408 (297)
Taxes accrued (49) 219
Other current liabilities 99 (326)
Other assets 55 77
Other liabilities 91 (47)
Net cash provided by operating activities 4,035 3,873
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (5,117) (4,636)
Purchases of debt and equity securities (2,184) (3,182)
Proceeds from sales and maturities of debt and equity securities 2,225 3,217
Other (384) (137)
Net cash used in investing activities (5,492) (5,614)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 5,714 4,627
Payments for the redemption of long-term debt (3,147) (2,002)
Other (101) (72)
Net cash provided by financing activities 1,576 1,750
Net increase in cash, cash equivalents and restricted cash 119 9
Cash, cash equivalents and restricted cash at beginning of period 520 556
Cash, cash equivalents and restricted cash at end of period 639 565
Significant non-cash transactions:    
Accrued capital expenditures 1,264 990
Progress Energy    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 813 701
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,209 1,104
Equity component of AFUDC (33) (23)
Impairment of assets and other charges 4 37
Deferred income taxes 95 163
Payments for asset retirement obligations (137) (139)
Provision for rate refunds (30) (7)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions 314 16
Receivables (246) (12)
Receivables from affiliated companies 117 88
Inventory (30) 76
Other current assets (417) (247)
Increase (decrease) in    
Accounts payable 161 44
Accounts payable to affiliated companies 459 42
Taxes accrued 93 97
Other current liabilities 74 (79)
Other assets (76) (33)
Other liabilities (2) (156)
Net cash provided by operating activities 2,368 1,672
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,944) (1,745)
Purchases of debt and equity securities (996) (1,160)
Proceeds from sales and maturities of debt and equity securities 1,032 1,201
Notes receivable from affiliated companies (108)  
Other (21) (69)
Net cash used in investing activities (2,037) (1,773)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 940 19
Payments for the redemption of long-term debt (1,019) (41)
Notes receivable from affiliated companies 80 34
Dividends to parent (250)  
Other (3) (3)
Net cash provided by financing activities (252) 9
Net increase in cash, cash equivalents and restricted cash 79 (92)
Cash, cash equivalents and restricted cash at beginning of period 113 200
Cash, cash equivalents and restricted cash at end of period 192 108
Significant non-cash transactions:    
Accrued capital expenditures $ 455 $ 329