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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net Income $ 1,440 $ 1,382 $ 1,525
Net income 1,343 1,382 1,525
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,684 1,438 1,341
Deferred income taxes 308 408 485
Rate case amortization and accruals (116) (117) (124)
Common equity component of allowance for funds used during construction (14) (12) (11)
Net derivative (gains)/losses 27 8 (4)
(Gain) on Sale of Assets (14) 0 0
Unbilled revenue and net unbilled revenue deferrals (3) 18 (113)
(Gain) on sale of retail electric supply business and solar electric production projects 0 0 (1)
(Gain) on existing project interests due to acquisition of Sempra Solar Holdings, LLC 0 (131) 0
Other non-cash items, net (18) 115 5
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers 23 (140) 9
Materials and supplies, including fuel oil and gas in storage 6 (20) 5
Revenue decoupling mechanism receivable (76) 0 0
Other receivables and other current assets 54 (62) 0
Taxes receivable 29 27 15
Prepayments (73) (7) (19)
Accounts payable 10 (46) 95
Pensions and retiree benefits obligations, net 357 325 414
Pensions and retiree benefits contributions (357) (479) (467)
Accrued taxes 10 (49) 44
Accrued interest 24 (35) (7)
Superfund and environmental remediation costs, net (9) (19) (14)
Distributions from equity investments 57 107 108
System benefit charge 20 92 101
Deferred charges, noncurrent assets and other regulatory assets (492) (393) 2,376
Deferred credits and other regulatory liabilities 278 436 (2,524)
Other current and noncurrent liabilities (21) (151) 128
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,134 2,695 3,367
INVESTING ACTIVITIES      
Utility construction expenditures (3,238) (3,251) (3,028)
Cost of removal less salvage (295) (258) (248)
Non-utility construction expenditures (248) (246) (415)
Acquisition of Sempra Solar Holdings, LLC, net of cash acquired 0 (1,488) 0
Proceeds from sale of assets 192 5 34
Other investing activities 22 34 37
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,782) (5,471) (3,710)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (874) 1,989 (477)
Issuance of long-term debt 3,017 3,030 1,697
Retirement of long-term debt (1,195) (1,938) (434)
Debt issuance costs (32) (61) (19)
Common stock dividends (924) (842) (803)
Issuance of common shares - public offering 825 705 343
Issuance of common shares for stock plans 54 53 51
Distribution to noncontrolling interest (12) 2 (1)
NET CASH FLOWS FROM FINANCING ACTIVITIES 859 2,938 357
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD 211 162 14
BALANCE AT BEGINNING OF PERIOD 1,006 844 830
BALANCE AT END OF PERIOD 1,217 1,006 844
Cash paid/(received) during the period for:      
Interest 876 805 725
Income taxes (26) 0 (29)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 336 369 432
Issuance of common shares for dividend reinvestment 47 47 46
Electric and Gas Transmission Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (205) (248) (45)
Renewable Electric Production Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (10) (19) (45)
CECONY      
OPERATING ACTIVITIES      
Net income 1,250 1,196 1,104
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,373 1,276 1,195
Deferred income taxes 128 354 575
Rate case amortization and accruals (117) (133) (142)
Common equity component of allowance for funds used during construction (12) (11) (10)
(Gain) on Sale of Assets (14) 0 0
Unbilled revenue and net unbilled revenue deferrals (3) (4) (17)
Other non-cash items, net 7 13 (59)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers 3 (153) 15
Materials and supplies, including fuel oil and gas in storage 11 (17) (17)
Revenue decoupling mechanism receivable (76) 0 0
Other receivables and other current assets 54 (96) 23
Accounts receivables from affiliated companies 141 (150) 45
Prepayments (61) (9) (8)
Accounts payable (7) (27) 125
Accounts payable to affiliated companies (4) 7 0
Pensions and retiree benefits obligations, net 330 293 370
Pensions and retiree benefits contributions (325) (440) (420)
Accrued taxes 11 (47) 52
Accrued taxes to affiliated companies 0 (72) (47)
Accrued interest 1 (1) 2
Superfund and environmental remediation costs, net (12) (18) (12)
System benefit charge 18 86 85
Deferred charges, noncurrent assets and other regulatory assets (486) (314) 2,212
Deferred credits and other regulatory liabilities 306 549 (2,242)
Other current and noncurrent liabilities (14) (78) 37
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,502 2,204 2,866
INVESTING ACTIVITIES      
Utility construction expenditures (3,028) (3,051) (2,840)
Cost of removal less salvage (288) (255) (240)
Proceeds from sale of assets 192 0 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,124) (3,306) (3,080)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (55) 1,042 (450)
Issuance of long-term debt 1,300 2,740 1,200
Retirement of long-term debt (475) (1,836) 0
Debt issuance costs (21) (30) (15)
Capital contribution by parent 900 120 301
Dividend to parent (912) (846) (796)
NET CASH FLOWS FROM FINANCING ACTIVITIES 737 1,190 240
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD 115 88 26
BALANCE AT BEGINNING OF PERIOD 818 730 704
BALANCE AT END OF PERIOD 933 818 730
Cash paid/(received) during the period for:      
Interest 676 662 602
Income taxes 73 195 108
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 285 299 351
Software Licenses      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 80 100 0
Software Licenses | CECONY      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 76 95 0
Equipment      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 33 0 0
Equipment | CECONY      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period $ 33 $ 0 $ 0