XML 90 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
NET INCOME $ 361 $ 192
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME    
Depreciation and amortization 261 251
Deferred income taxes 195 (87)
Rate case amortization and accruals 32 10
Common equity component of allowance for funds used during construction (1) (1)
Net derivative gains (20) (45)
Other non-cash items (net) 4 192
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable - customers, less allowance for uncollectibles (315) (135)
Special deposits 324 (438)
Materials and supplies, including fuel oil and gas in storage 60 60
Other receivables and other current assets 8 85
Prepayments (353) (263)
Accounts payable 113 (84)
Pensions and retiree benefits obligations 193 250
Pensions and retiree benefits contributions (200) (235)
Accrued taxes (378) (18)
Accrued interest (39) 174
Superfund and environmental remediation costs (net) 9  
Deferred charges, noncurrent assets and other regulatory assets (103) 12
Deferred credits and other regulatory liabilities 86 (5)
Other assets 27 10
Other liabilities (40) (9)
NET CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES 224 (84)
INVESTING ACTIVITIES    
Utility construction expenditures (498) (538)
Cost of removal less salvage (47) (47)
Non-utility construction expenditures (61) (91)
Investments in solar energy projects (80)  
Proceeds from grants related to solar energy projects 36 13
Increase in restricted cash 16  
NET CASH FLOWS USED IN INVESTING ACTIVITIES (634) (663)
FINANCING ACTIVITIES    
Net proceeds of short-term debt (621) 482
Issuance of long-term debt 850 700
Retirement of long-term debt (200) (509)
Debt issuance costs (6) (7)
Common stock dividends (184) (180)
Issuance of common shares for stock plans, net of repurchases (1) (1)
NET CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES (162) 485
CASH AND TEMPORARY CASH INVESTMENTS:    
NET CHANGE FOR THE PERIOD (572) (262)
BALANCE AT BEGINNING OF PERIOD 674 394
BALANCE AT END OF PERIOD 102 132
Cash paid during the period for:    
Interest 91 90
Income taxes 416 24
CECONY [Member]
   
OPERATING ACTIVITIES    
NET INCOME 334 277
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME    
Depreciation and amortization 240 233
Deferred income taxes 178 241
Rate case amortization and accruals 32 10
Common equity component of allowance for funds used during construction (1)  
Other non-cash items (net) 2 (10)
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable - customers, less allowance for uncollectibles (265) (102)
Materials and supplies, including fuel oil and gas in storage 46 49
Other receivables and other current assets (49) (15)
Prepayments (295) (310)
Accounts payable 12 (58)
Pensions and retiree benefits obligations 184 239
Pensions and retiree benefits contributions (200) (235)
Accrued taxes (214) (79)
Accrued interest 40 46
Superfund and environmental remediation costs (net) 9  
Deferred charges, noncurrent assets and other regulatory assets (115) 39
Deferred credits and other regulatory liabilities 105 (14)
Other liabilities (32) 39
NET CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES 11 350
INVESTING ACTIVITIES    
Utility construction expenditures (464) (515)
Cost of removal less salvage (46) (47)
NET CASH FLOWS USED IN INVESTING ACTIVITIES (510) (562)
FINANCING ACTIVITIES    
Net proceeds of short-term debt (541) (108)
Issuance of long-term debt 850 700
Retirement of long-term debt (200) (505)
Debt issuance costs (6) (7)
Dividend to parent (178) (182)
NET CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES (75) (102)
CASH AND TEMPORARY CASH INVESTMENTS:    
NET CHANGE FOR THE PERIOD (574) (314)
BALANCE AT BEGINNING OF PERIOD 633 353
BALANCE AT END OF PERIOD 59 39
Cash paid during the period for:    
Interest 85 84
Income taxes $ 276 $ 45