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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
NET INCOME $ 1,193 $ 1,092 $ 1,062
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,130 1,071 1,024
Deferred income taxes 653 518 40
Rate case amortization and accruals (52) 121 21
Common equity component of allowance for funds used during construction (5) (2) (4)
Net derivative (gains)/losses 3 128 (74)
Pre-tax gains on termination of LILO transactions 0 0 (95)
Pre-tax gain on sale of solar electric production projects 0 (45) 0
Other non-cash items, net 77 (35) 91
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers 96 44 (29)
Special deposits 5 312 (257)
Materials and supplies, including fuel oil and gas in storage 22 (10) (33)
Other receivables and other current assets (32) 4 34
Income taxes receivable 58 (224) 0
Prepayments (14) (27) 23
Accounts payable (79) (9) (118)
Pensions and retiree benefits obligations, net 756 822 829
Pensions and retiree benefits contributions (756) (584) (887)
Accrued taxes (10) (404) 314
Accrued interest 4 (113) 96
Superfund and environmental remediation costs, net 22 28 (4)
Distributions from equity investments 31 0 0
Deferred charges, noncurrent assets and other regulatory assets (111) (361) (162)
Deferred credits and other regulatory liabilities 182 498 637
Other current and noncurrent liabilities 104 7 44
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,277 2,831 2,552
INVESTING ACTIVITIES      
Utility construction expenditures (2,562) (2,239) (2,339)
Cost of removal less salvage (219) (216) (217)
Non-utility construction expenditures (492) (180) (199)
Investments in/acquisitions of renewable electric production projects (299) (293) (175)
Proceeds from grants related to solar electric production projects 0 36 93
Proceeds from sale of solar electric production projects 0 108 0
Restricted cash (13) 15 (22)
Proceeds from the termination of LILO transactions 0 0 200
Other investing activities (72) 10 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,657) (2,759) (2,659)
FINANCING ACTIVITIES      
Net issuance/(payment) of short-term debt 729 (651) 912
Issuance of long-term debt 1,147 1,850 919
Retirement of long-term debt (500) (480) (709)
Debt issuance costs (15) (17) (6)
Common stock dividends (733) (739) (721)
Issuance of common shares for stock plans, net of repurchases 1 (10) (8)
NET CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES 629 (47) 387
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD 249 25 280
BALANCE AT BEGINNING OF PERIOD 699 674 394
BALANCE AT END OF PERIOD 948 699 674
LESS: HELD FOR SALE 4 0 0
BALANCE AT BEGINNING OF PERIOD 699 674  
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 944 699 674
Cash paid/(received) during the period for:      
Interest 597 561 574
Income taxes (36) 633 69
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 279 179 174
Issuance of common shares for dividend reinvestment 28 11 10
CECONY      
OPERATING ACTIVITIES      
NET INCOME 1,084 1,058 1,020
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,040 991 946
Deferred income taxes 449 331 222
Rate case amortization and accruals (74) 102 10
Common equity component of allowance for funds used during construction (4) (1) (2)
Other non-cash items, net (27) (33) (80)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers 87 59 (15)
Materials and supplies, including fuel oil and gas in storage 24 (12) (15)
Other receivables and other current assets 38 48 (30)
Accounts receivables from affiliated companies (58) (13) (58)
Prepayments 13 (24) (21)
Accounts payable (51) (57) (81)
Accounts payable to affiliates (11) (22) 23
Pensions and retiree benefits obligations, net 714 742 803
Pensions and retiree benefits contributions (703) (544) (830)
Accrued taxes 3 0 9
Accrued taxes to affiliated companies (8) (403) 198
Accrued interest 1 (22) 6
Superfund and environmental remediation costs, net 19 32 (4)
Deferred charges, noncurrent assets and other regulatory assets (150) (334) (148)
Deferred credits and other regulatory liabilities 379 475 666
Other current and noncurrent liabilities 54 57 24
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,819 2,430 2,643
INVESTING ACTIVITIES      
Utility construction expenditures (2,410) (2,094) (2,207)
Cost of removal less salvage (212) (210) (210)
Restricted cash (16) 0 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (2,638) (2,304) (2,417)
FINANCING ACTIVITIES      
Net issuance/(payment) of short-term debt 583 (760) 789
Issuance of long-term debt 650 1,850 700
Retirement of long-term debt (350) (475) (700)
Debt issuance costs (7) (17) (7)
Capital contribution by parent 13 0 0
Dividend to parent (872) (712) (728)
NET CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES 17 (114) 54
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD 198 12 280
BALANCE AT BEGINNING OF PERIOD 645 633 353
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 843 645 633
Cash paid/(received) during the period for:      
Interest 554 504 500
Income taxes 163 748 163
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable $ 210 $ 151 $ 116