XML 156 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
NET INCOME $ 1,062 $ 1,141 $ 1,062
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 1,024 955 884
Deferred income taxes 40 584 491
Rate case amortization and accruals 10 42 49
Common equity component of allowance for funds used during construction (4) (4) (11)
Net derivative (gains)/losses (74) (68) 19
Pre-tax gains on the termination of LILO transactions (95)    
Other non-cash items (net) 91 52 128
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable-customers, less allowance for uncollectibles (29) (99) 50
Special deposits (257) (13) (4)
Materials and supplies, including fuel oil and gas in storage (33) 26 (8)
Other receivables and other current assets 34 40 55
Prepayments 23 (14) 196
Accounts payable (118) 111 (195)
Pensions and retiree benefits obligations 829 903 635
Pensions and retiree benefits contributions (887) (870) (628)
Accrued taxes 314 (26) 98
Accrued interest 96 (7) 5
Superfund and environmental remediation costs (net) (4) 7 (9)
Deferred charges, noncurrent assets and other regulatory assets (202) (306) 24
Deferred credits and other regulatory liabilities 627 92 234
Other assets 61 (31)  
Other liabilities 44 84 62
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,552 2,599 3,137
INVESTING ACTIVITIES      
Utility construction expenditures (2,339) (1,917) (1,887)
Cost of removal less salvage (217) (175) (167)
Non-utility construction expenditures (199) (152) (80)
Investments in solar energy projects (175) (309) (20)
Proceeds from grants related to solar energy projects 93 30 4
Increase in restricted cash (22)    
Proceeds from the termination of LILO transactions 200    
NET CASH FLOWS USED IN INVESTING ACTIVITIES (2,659) (2,523) (2,150)
FINANCING ACTIVITIES      
Net proceeds of short-term debt 912 539  
Issuance of long-term debt 919 400  
Retirement of long-term debt (709) (305) (4)
Debt issuance costs (6) (4)  
Common stock dividends (721) (709) (693)
Issuance of common shares for stock plans, net of repurchases (8) (9) 31
Preferred stock dividends   (3) (11)
Preferred stock redemption   (239)  
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 387 (330) (677)
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD 280 (254) 310
BALANCE AT BEGINNING OF PERIOD 394 648 338
BALANCE AT END OF PERIOD 674 394 648
Cash paid/(refunded) during the period for:      
Interest 574 571 563
Income taxes 69 46 (236)
CECONY [Member]
     
OPERATING ACTIVITIES      
NET INCOME 1,020 1,017 989
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME      
Depreciation and amortization 946 894 829
Deferred income taxes 222 365 462
Rate case amortization and accruals 10 42 49
Common equity component of allowance for funds used during construction (2) (2) (8)
Other non-cash items (net) (80) 14 96
CHANGES IN ASSETS AND LIABILITIES      
Accounts receivable-customers, less allowance for uncollectibles (15) (131) 48
Materials and supplies, including fuel oil and gas in storage (15) 23 (2)
Other receivables and other current assets (88) (40) 170
Prepayments (21) 4 (3)
Accounts payable (58) 102 (132)
Pensions and retiree benefits obligations 803 837 544
Pensions and retiree benefits contributions (830) (804) (576)
Accrued taxes 207 94 95
Accrued interest 6   3
Superfund and environmental remediation costs (net) (4) 9 (9)
Deferred charges, noncurrent assets and other regulatory assets (148) (239) 102
Deferred credits and other regulatory liabilities 666 100 224
Other liabilities 24 61 52
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,643 2,346 2,933
INVESTING ACTIVITIES      
Utility construction expenditures (2,207) (1,788) (1,785)
Cost of removal less salvage (210) (170) (162)
NET CASH FLOWS USED IN INVESTING ACTIVITIES (2,417) (1,958) (1,947)
FINANCING ACTIVITIES      
Net proceeds of short-term debt 789 421  
Issuance of long-term debt 700 400  
Retirement of long-term debt (700) (300)  
Debt issuance costs (7) (4)  
Dividend to parent (728) (682) (681)
Preferred stock dividends   (3) (11)
Preferred stock redemption   (239)  
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 54 (407) (692)
CASH AND TEMPORARY CASH INVESTMENTS:      
NET CHANGE FOR THE PERIOD 280 (19) 294
BALANCE AT BEGINNING OF PERIOD 353 372 78
BALANCE AT END OF PERIOD 633 353 372
Cash paid/(refunded) during the period for:      
Interest 500 513 504
Income taxes $ 163 $ 62 $ (198)