XML 74 R19.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows - Progress Energy - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 2,874 $ 2,455 $ 3,579
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 6,084 5,843 5,663
Equity component of AFUDC (198) (197) (171)
Gains on sales of other assets (52) (22) (13)
Impairment of assets and other charges 85 434 353
Deferred income taxes 3 (200) 191
Contributions to qualified pension plans (100) (58)  
Payments for asset retirement obligations (632) (584) (540)
Provision for rate refunds (63) (130) (70)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions (18) 19 50
Receivables 443 (788) (297)
Inventory (706) (476) (34)
Other current assets (267) (1,498) (1,136)
Increase (decrease) in      
Accounts payable (800) 805 249
Taxes accrued 126 10 284
Other current liabilities (26) (153) (13)
Other assets 914 (1,577) 125
Other liabilities 584 410 95
Net cash provided by operating activities 9,878 5,927 8,290
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (12,604) (11,367) (9,715)
Purchases of debt and equity securities (3,761) (4,243) (6,098)
Proceeds from sales and maturities of debt and equity securities 3,824 4,333 6,103
Other (799) (727) (333)
Net cash used in investing activities (12,475) (11,973) (10,935)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 10,028 11,874 9,052
Payments for the redemption of long-term debt (4,737) (4,396) (5,294)
Other (124) (130) (94)
Net cash provided by financing activities 2,351 6,129 2,609
Net (decrease) increase in cash, cash equivalents and restricted cash (246) 83 (36)
Cash, cash equivalents and restricted cash at beginning of period 603 520 556
Cash, cash equivalents and restricted cash at end of period 357 603 520
Supplemental Disclosures:      
Cash paid for (received from) income taxes 1 (6) (3)
Cash paid for interest, net of amount capitalized 2,883 2,361 2,248
Significant non-cash transactions:      
Accrued capital expenditures 1,908 1,766 1,325
Progress Energy      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 1,956 1,828 1,599
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 2,721 2,405 2,302
Equity component of AFUDC (67) (68) (51)
Gains on sales of other assets (27) (11) (14)
Impairment of assets and other charges 28 12 82
Deferred income taxes (120) 364 247
Contributions to qualified pension plans (22) (13)  
Payments for asset retirement obligations (329) (291) (288)
Provision for rate refunds (24) (58) (36)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions     51
Receivables 21 (322) (97)
Receivables from affiliated companies (68) 117 18
Inventory (322) (183) (26)
Other current assets 287 (937) (551)
Increase (decrease) in      
Accounts payable (266) 222 59
Accounts payable to affiliated companies (248) 206 217
Taxes accrued 124 8 13
Other current liabilities 9 96 (32)
Other assets 357 (1,105) (96)
Other liabilities 108 573 (99)
Net cash provided by operating activities 4,118 2,843 3,298
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (4,917) (4,317) (3,668)
Purchases of debt and equity securities (1,590) (1,341) (2,233)
Proceeds from sales and maturities of debt and equity securities 1,663 1,417 2,322
Other (329) (137) (156)
Net cash used in investing activities (5,173) (4,378) (3,735)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 2,555 2,775 3,095
Payments for the redemption of long-term debt (1,248) (1,173) (1,883)
Notes payable to affiliated companies 200 465 (160)
Dividends to parent (500) (425) (700)
Other (1) (36) (2)
Net cash provided by financing activities 1,006 1,606 350
Net (decrease) increase in cash, cash equivalents and restricted cash (49) 71 (87)
Cash, cash equivalents and restricted cash at beginning of period 184 113 200
Cash, cash equivalents and restricted cash at end of period 135 184 113
Supplemental Disclosures:      
Cash paid for (received from) income taxes 310 79 14
Cash paid for interest, net of amount capitalized 954 854 813
Significant non-cash transactions:      
Accrued capital expenditures $ 806 $ 663 $ 501