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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 $ 1,346 $ 1,101 $ 1,343
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 2,032 1,920 1,684
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)
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
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)
Superfund and environmental remediation costs (10) (22) (9)
Accrued taxes (46) 74 10
Accrued interest 4 (4) 24
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)
Proceeds from sale of assets 629 0 192
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,484) (4,224) (3,782)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (382) 178 (874)
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)
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
CECONY      
OPERATING ACTIVITIES      
Net income 1,344 1,185 1,250
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,705 1,598 1,373
Deferred income taxes 124 168 128
Rate case amortization and accruals (16) (40) (117)
Common equity component of allowance for funds used during construction (19) (14) (12)
Gain on Sale of Assets 0 0 (14)
Unbilled revenue and net unbilled revenue deferrals (16) (47) (3)
Other non-cash items, net 33 (8) 0
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (412) (516) 3
Reserve adjustments 166 74 7
Materials and supplies, including fuel oil and gas in storage (78) 2 11
Revenue decoupling mechanism receivable (62) (53) (76)
Other receivables and other current assets (85) (49) 54
Accounts receivables from affiliated companies 96 (61) 141
Prepayments (53) 19 (61)
Accounts payable 65 145 (7)
Accounts payable to affiliated companies (4) 9 (4)
Pensions and retiree benefits obligations, net 283 253 330
Pensions and retiree benefits contributions (433) (438) (325)
Superfund and environmental remediation costs (18) (30) (12)
Accrued taxes (54) 61 11
Accrued taxes to affiliated companies 9 1 0
Accrued interest 1 13 1
System benefit charge (32) (112) 18
Deferred charges, noncurrent assets and other regulatory assets (544) (603) (486)
Deferred credits and other regulatory liabilities 128 92 306
Other current and noncurrent liabilities 58 44 (14)
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,186 1,693 2,502
INVESTING ACTIVITIES      
Utility construction expenditures (3,413) (3,112) (3,028)
Cost of removal less salvage (316) (304) (288)
Proceeds from sale of assets 0 0 192
NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,729) (3,416) (3,124)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt (299) 523 (55)
Issuance of long-term debt 2,250 2,200 1,300
Retirement of long-term debt (640) (350) (475)
Debt issuance costs (27) (34) (21)
Capital contribution by parent 1,100 500 900
Dividend to parent (988) (982) (912)
NET CASH FLOWS FROM FINANCING ACTIVITIES 1,396 1,857 737
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD (147) 134 115
BALANCE AT BEGINNING OF PERIOD 1,067 933 818
BALANCE AT END OF PERIOD 920 1,067 933
Cash paid/(received) during the period for:      
Interest 739 693 676
Income taxes 5 102 73
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 406 417 285
Software Licenses      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 23 51 80
Software Licenses | CECONY      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 22 48 76
Equipment      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 22 28 33
Equipment | CECONY      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period $ 22 $ 28 $ 33