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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net Income $ 1,600 $ 1,193 $ 1,144
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 2,056 2,032 1,920
Impairment of assets 0 443 320
Deferred income taxes 435 133 85
Net derivative (gains)/losses (181) (53) 57
Other non-cash items, net 163 111 (8)
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable - customers (285) (411) (543)
Unbilled revenue and net unbilled revenue deferrals (96) (53) (1)
Reserve adjustments 5 169 78
Materials and supplies, including fuel oil and gas in storage (111) (82) (4)
Prepayments, other receivables and other current assets 31 (234) (179)
Accounts payable 558 44 170
Pensions and retiree benefits obligations, net 176 266 285
Pensions and retiree benefits contributions (39) (472) (478)
Accrued taxes 7 (46) 74
Distributions from equity investments 20 18 39
System benefit charge (41) (34) (119)
Deferred charges, noncurrent assets, leases, net and other regulatory assets (870) (496) (686)
Deferred credits, noncurrent liabilities and other regulatory liabilities 423 248 (58)
Other current liabilities 84 (43) 102
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,935 2,733 2,198
INVESTING ACTIVITIES      
Utility construction expenditures (3,824) (3,630) (3,326)
Cost of removal less salvage (337) (323) (310)
Non-utility construction expenditures (344) (323) (583)
Proceeds from sale of assets 0 629 0
Divestiture of renewable electric projects 0 183 0
Other investing activities 4 10 22
NET CASH FLOWS USED IN INVESTING ACTIVITIES (4,565) (3,484) (4,224)
FINANCING ACTIVITIES      
Net (payment)/issuance of short-term debt 1,702 (382) 178
Issuance of long-term debt 800 2,804 2,925
Retirement of long-term debt (406) (1,960) (518)
Debt issuance costs (13) (40) (47)
Common stock dividends (1,089) (1,030) (975)
Issuance of common shares - public offering 0 775 640
Issuance of common shares for stock plans 57 60 58
Distribution to noncontrolling interest (37) (23) (16)
Sale of equity interest 0 257 0
NET CASH FLOWS FROM FINANCING ACTIVITIES 1,014 461 2,245
CASH, TEMPORARY CASH INVESTMENTS AND RESTRICTED CASH:      
NET CHANGE FOR THE PERIOD 384 (290) 219
BALANCE AT BEGINNING OF PERIOD 1,146 1,436 1,217
BALANCE AT END OF PERIOD 1,530 1,146 1,436
Total cash, temporary cash investments and restricted cash 1,530 1,146 1,436
LESS: CHANGE IN CASH BALANCES HELD FOR SALE 248 0 0
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 1,282 1,146 1,436
Cash paid/(received) during the period for:      
Interest 900 924 920
Income taxes 47 9 38
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Construction expenditures in accounts payable 681 457 478
Issuance of common shares for dividend reinvestment 31 49 48
Electric and Gas Transmission Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects (64) (30) (3)
Renewable Electric Production Projects      
INVESTING ACTIVITIES      
Investments in/acquisitions of projects 0 0 (24)
Software Licenses      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period 2 23 51
Equipment      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION      
Capital expenditures incurred but unpaid as of end of period $ 17 $ 22 $ 28