XML 32 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 1,245 $ 1,193 $ 1,092
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,216 1,130 1,071
Deferred income taxes 783 653 518
Rate case amortization and accruals (210) (52) 121
Common equity component of allowance for funds used during construction (10) (5) (2)
Net derivative (gains)/losses (6) 3 128
Pre-tax gain on sale of retail electric supply business and solar electric production projects (104) 0 (45)
Other non-cash items, net 142 77 (35)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (69) 96 44
Materials and supplies, including fuel oil and gas in storage 13 22 (10)
Other receivables and other current assets 54 (27) 316
Income taxes receivable 87 58 (224)
Prepayments 20 (14) (27)
Accounts payable 29 (79) (9)
Pensions and retiree benefits obligations, net 609 756 822
Pensions and retiree benefits contributions (515) (756) (584)
Accrued taxes 2 (10) (404)
Accrued interest 14 4 (113)
Superfund and environmental remediation costs, net 69 22 28
Distributions from equity investments 68 31 0
System benefit charge 244 38 (37)
Deferred charges, noncurrent assets and other regulatory assets (97) (111) (361)
Deferred credits and other regulatory liabilities (68) 182 498
Other current and noncurrent liabilities (57) 66 44
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,459 3,277 2,831
INVESTING ACTIVITIES      
Utility construction expenditures (2,835) (2,562) (2,239)
Cost of removal less salvage (206) (219) (216)
Non-utility construction expenditures (845) (492) (180)
Proceeds from grants related to solar electric production projects 0 0 36
Proceeds from sale of assets 252 0 108
Restricted cash (17) (13) 15
Proceeds from the transfer of assets to NY Transco 122 0 0
Other investing activities 31 (72) 10
NET CASH FLOWS USED IN INVESTING ACTIVITIES (4,976) (3,657) (2,759)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (475) 729 (651)
Issuance of long-term debt 2,590 1,147 1,850
Retirement of long-term debt (735) (500) (480)
Debt issuance costs (24) (15) (17)
Common stock dividends (763) (733) (739)
Issuance of common shares - public offering 702 0 0
Issuance of common shares for stock plans, net of repurchases 51 1 (10)
Distribution to noncontrolling interest (1) 0 0
NET CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES 1,345 629 (47)
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD (172) 249 25
BALANCE AT BEGINNING OF PERIOD 944 699 674
BALANCE AT END OF PERIOD 772 948 699
LESS: CHANGE IN CASH BALANCES HELD FOR SALE (4) 4 0
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 776 944 699
Cash paid/(received) during the period for:      
Interest 664 597 561
Income taxes (180) (36) 633
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 388 279 179
Issuance of common shares for dividend reinvestment 46 28 11
Debt assumed with business acquisitions 195 0 0
Electric and Gas Transmission Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (1,076) 0 0
Renewable Electric Production Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (402) (299) (293)
CECONY      
OPERATING ACTIVITIES      
Net income 1,056 1,084 1,058
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,106 1,040 991
Deferred income taxes 545 449 331
Rate case amortization and accruals (227) (74) 102
Common equity component of allowance for funds used during construction (8) (4) (1)
Other non-cash items, net (31) (27) (33)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (23) 87 59
Materials and supplies, including fuel oil and gas in storage 18 24 (12)
Other receivables and other current assets (11) 38 48
Accounts receivables from affiliated companies 81 (58) (13)
Prepayments 13 13 (24)
Accounts payable 20 (51) (57)
Accounts payable to affiliated companies (2) (11) (22)
Pensions and retiree benefits obligations, net 579 714 742
Pensions and retiree benefits contributions (476) (703) (544)
Accrued taxes 1 3 0
Accrued taxes to affiliated companies 117 (8) (403)
Accrued interest (7) 1 (22)
Superfund and environmental remediation costs, net 79 19 32
System benefit charge 221 38 (38)
Deferred charges, noncurrent assets and other regulatory assets (172) (150) (334)
Deferred credits and other regulatory liabilities 179 379 475
Other current and noncurrent liabilities (20) 16 95
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,038 2,819 2,430
INVESTING ACTIVITIES      
Utility construction expenditures (2,672) (2,410) (2,094)
Cost of removal less salvage (203) (212) (210)
Restricted cash 14 (16) 0
Proceeds from the transfer of assets to NY Transco 122 0 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (2,739) (2,638) (2,304)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (433) 583 (760)
Issuance of long-term debt 1,300 650 1,850
Retirement of long-term debt (650) (350) (475)
Debt issuance costs (13) (7) (17)
Capital contribution by parent 100 13 0
Dividend to parent (744) (872) (712)
NET CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES (440) 17 (114)
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD (141) 198 12
BALANCE AT BEGINNING OF PERIOD 843 645 633
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 702 843 645
Cash paid/(received) during the period for:      
Interest 581 554 504
Income taxes (162) 163 748
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable $ 295 $ 210 $ 151