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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 1,525 $ 1,245 $ 1,193
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,341 1,216 1,130
Deferred income taxes 485 783 653
Rate case amortization and accruals (124) (210) (52)
Common equity component of allowance for funds used during construction (11) (10) (5)
Net derivative (gains)/losses (4) (6) 3
Pre-tax gain on sale of retail electric supply business and solar electric production projects (1) (104) 0
Other non-cash items, net (49) 142 77
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (6) (69) 96
Materials and supplies, including fuel oil and gas in storage 5 13 22
Other receivables and other current assets (44) 54 (27)
Taxes receivable 15 87 58
Prepayments (19) 20 (14)
Accounts payable 95 29 (79)
Pensions and retiree benefits obligations, net 414 609 756
Pensions and retiree benefits contributions (467) (515) (756)
Accrued taxes 44 2 (10)
Accrued interest (7) 14 4
Superfund and environmental remediation costs, net (14) 69 22
Distributions from equity investments 108 68 31
System benefit charge 101 244 38
Deferred charges, noncurrent assets and other regulatory assets 2,376 (97) (111)
Deferred credits and other regulatory liabilities (2,524) (68) 182
Other current and noncurrent liabilities 128 (57) 66
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,367 3,459 3,277
INVESTING ACTIVITIES      
Utility construction expenditures (3,028) (2,835) (2,562)
Cost of removal less salvage (248) (206) (219)
Non-utility construction expenditures (415) (845) (492)
Proceeds from sale of assets 34 252 0
Restricted cash 7 (17) (13)
Proceeds from the transfer of assets to NY Transco 0 122 0
Other investing activities 37 31 (72)
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,703) (4,976) (3,657)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (477) (475) 729
Issuance of long-term debt 1,697 2,590 1,147
Retirement of long-term debt (434) (735) (500)
Debt issuance costs (19) (24) (15)
Common stock dividends (803) (763) (733)
Issuance of common shares - public offering 343 702 0
Issuance of common shares for stock plans, net of repurchases 51 51 1
Distribution to noncontrolling interest (1) (1) 0
NET CASH FLOWS FROM FINANCING ACTIVITIES 357 1,345 629
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD 21 (172) 249
BALANCE AT BEGINNING OF PERIOD 776 944 699
BALANCE AT END OF PERIOD 797 772 948
LESS: CHANGE IN CASH BALANCES HELD FOR SALE 0 (4) 4
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 797 776 944
Cash paid/(received) during the period for:      
Interest 725 664 597
Income taxes (29) (180) (36)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 432 388 279
Issuance of common shares for dividend reinvestment 46 46 28
Debt assumed with business acquisitions 0 195 0
Electric and Gas Transmission Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (45) (1,076) 0
Renewable Electric Production Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (45) (402) (299)
CECONY      
OPERATING ACTIVITIES      
Net income 1,104 1,056 1,084
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,195 1,106 1,040
Deferred income taxes 575 545 449
Rate case amortization and accruals (142) (227) (74)
Common equity component of allowance for funds used during construction (10) (8) (4)
Other non-cash items, net (61) (31) (27)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers 15 (23) 87
Materials and supplies, including fuel oil and gas in storage (17) 18 24
Other receivables and other current assets 8 (11) 38
Accounts receivables from affiliated companies 45 81 (58)
Prepayments (8) 13 13
Accounts payable 125 20 (51)
Accounts payable to affiliated companies 0 (2) (11)
Pensions and retiree benefits obligations, net 370 579 714
Pensions and retiree benefits contributions (420) (476) (703)
Accrued taxes 52 1 3
Accrued taxes to affiliated companies (47) 117 (8)
Accrued interest 2 (7) 1
Superfund and environmental remediation costs, net (12) 79 19
System benefit charge 85 221 38
Deferred charges, noncurrent assets and other regulatory assets 2,212 (172) (150)
Deferred credits and other regulatory liabilities (2,242) 179 379
Other current and noncurrent liabilities 37 (20) 16
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,866 3,038 2,819
INVESTING ACTIVITIES      
Utility construction expenditures (2,840) (2,672) (2,410)
Cost of removal less salvage (240) (203) (212)
Restricted cash 2 14 (16)
Proceeds from the transfer of assets to NY Transco 0 122 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,078) (2,739) (2,638)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (450) (433) 583
Issuance of long-term debt 1,200 1,300 650
Retirement of long-term debt 0 (650) (350)
Debt issuance costs (15) (13) (7)
Capital contribution by parent 301 100 13
Dividend to parent (796) (744) (872)
NET CASH FLOWS FROM FINANCING ACTIVITIES 240 (440) 17
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD 28 (141) 198
BALANCE AT BEGINNING OF PERIOD 702 843 645
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 730 702 843
Cash paid/(received) during the period for:      
Interest 602 581 554
Income taxes 108 (162) 163
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable $ 351 $ 295 $ 210