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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,151 $ 761
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,534 1,344
Equity component of AFUDC (55) (46)
(Gains) Losses on sales of Commercial Renewables Disposal Groups (10) 220
Gains on sales of other assets (12) (7)
Impairment of assets and other charges 1 8
Deferred income taxes 149 90
Equity in earnings of unconsolidated affiliates (17) (20)
Payments for asset retirement obligations (115) (117)
Provision for rate refunds (4) (33)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions (33) 5
Receivables 226 754
Inventory 11 (275)
Other current assets 329 262
Increase (decrease) in    
Accounts payable (553) (1,193)
Taxes accrued (110) (148)
Other current liabilities (208) (266)
Other assets 41 (13)
Other liabilities 149 157
Net cash provided by operating activities 2,474 1,483
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,208) (3,146)
Contributions to equity method investments (7) (6)
Purchases of debt and equity securities (946) (866)
Proceeds from sales and maturities of debt and equity securities 985 882
Net proceeds from the sales of other assets 0 76
Other 166 149
Net cash used in investing activities (3,342) (3,209)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 3,481 4,085
Issuance of common stock 4 0
Payments for the redemption of long-term debt (1,392) (1,380)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 294 2
Payments for the redemption of short-term debt with original maturities greater than 90 days (535) (50)
Notes payable and commercial paper 50 (217)
Contributions from noncontrolling interests 0 206
Dividends paid (806) (815)
Other (67) (84)
Net cash provided by financing activities 1,029 1,747
Net increase in cash, cash equivalents and restricted cash 161 21
Cash, cash equivalents and restricted cash at beginning of period 357 603
Cash, cash equivalents and restricted cash at end of period 518 624
Significant non-cash transactions:    
Accrued capital expenditures $ 1,615 $ 1,366