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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net Income $ 1,193 $ 1,144 $ 1,440
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 2,032 1,920 1,684
Impairment of assets 443 320 0
Deferred income taxes 133 85 308
Rate case amortization and accruals (16) (40) (116)
Common equity component of allowance for funds used during construction (21) (17) (14)
Net derivative (gains)/losses (53) 57 27
Gain on Sale of Assets 0 0 (14)
Unbilled revenue and net unbilled revenue deferrals (53) (1) (3)
Other non-cash items, net 148 49 (26)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (411) (543) 23
Reserve adjustments 169 78 8
Materials and supplies, including fuel oil and gas in storage (82) (4) 6
Revenue decoupling mechanism receivable (53) (61) (76)
Other receivables and other current assets (103) (134) 54
Taxes receivable 13 (6) 29
Prepayments (24) (11) (73)
Accounts payable 44 170 10
Pensions and retiree benefits obligations, net 266 285 357
Pensions and retiree benefits contributions (472) (478) (357)
Accrued taxes (46) 74 10
Accrued interest 4 (4) 24
Superfund and environmental remediation costs (10) (22) (9)
Distributions from equity investments 18 39 57
System benefit charge (34) (119) 20
Deferred charges, noncurrent assets and other regulatory assets (563) (653) (492)
Deferred credits and other regulatory liabilities 175 10 278
Other current and noncurrent liabilities 36 60 (21)
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,733 2,198 3,134
INVESTING ACTIVITIES      
Utility construction expenditures (3,630) (3,326) (3,238)
Cost of removal less salvage (323) (310) (295)
Non-utility construction expenditures (323) (583) (248)
Proceeds from sale of assets 629 0 192
Other investing activities 10 22 22
Net (payment)/issuance of short-term debt (382) 178 (874)
Divestiture of renewable electric projects 183 0 0
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,484) (4,224) (3,782)
FINANCING ACTIVITIES      
Issuance of long-term debt 2,804 2,925 3,017
Retirement of long-term debt (1,960) (518) (1,195)
Debt issuance costs (40) (47) (32)
Common stock dividends (1,030) (975) (924)
Issuance of common shares - public offering 775 640 825
Issuance of common shares for stock plans 60 58 54
Distribution to noncontrolling interest (23) (16) (12)
Proceeds from Other Equity 257 0 0
NET CASH FLOWS FROM FINANCING ACTIVITIES 461 2,245 859
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD (290) 219 211
BALANCE AT BEGINNING OF PERIOD 1,436 1,217 1,006
BALANCE AT END OF PERIOD 1,146 1,436 1,217
Cash paid/(received) during the period for:      
Interest 924 920 876
Income taxes 9 38 (26)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 457 478 336
Issuance of common shares for dividend reinvestment 49 48 47
Electric and Gas Transmission Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (30) (3) (205)
Renewable Electric Production Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects 0 (24) (10)
Software Licenses      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 23 51 80
Equipment      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period $ 22 $ 28 $ 33