XML 29 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOW (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 90 $ 327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 656 480
Amortization of deferred financing costs 18 12
Deferred income taxes (12) 95
Unrealized gain on marketable securities (23) (67)
Loss on indexed debt securities 272 23
Write-down of natural gas inventory 1 0
Equity in earnings of unconsolidated affiliate, net of distributions (9) (131)
Pension contributions (64) (18)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 232 234
Inventory 52 (20)
Taxes receivable (39) 30
Accounts payable (246) (158)
Fuel cost recovery 69 (12)
Non-trading derivatives, net 64 (49)
Margin deposits, net (9) (43)
Interest and taxes accrued (64) (17)
Net regulatory assets and liabilities 57 (34)
Other current assets (4) 10
Other current liabilities (13) (29)
Other assets (3) (1)
Other liabilities 60 27
Other, net 8 18
Net cash provided by operating activities 1,093 677
Cash Flows from Investing Activities:    
Capital expenditures (697) (649)
Acquisitions, net of cash acquired 0 (132)
Distributions from unconsolidated affiliate in excess of cumulative earnings 30 149
Proceeds from sale of marketable securities 398 0
Other, net 2 (8)
Net cash used in investing activities (267) (640)
Cash Flows from Financing Activities:    
Decrease in short-term borrowings, net (39) (11)
Proceeds from (payments of) commercial paper, net (1,188) 284
Proceeds from long-term debt, net 997 298
Payments of long-term debt (230) (469)
Debt issuance costs (35) (6)
Payment of dividends on common stock (240) (230)
Distribution to ZENS note holders (16) 0
Other, net (5) (4)
Net cash provided by (used in) financing activities (756) (138)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 70 (101)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 296 381
Cash, Cash Equivalents and Restricted Cash at End of Period 366 280
Cash and Cash Equivalents at Beginning of Period 260  
Cash and Cash Equivalents at End of Period 328  
Houston Electric [Member]    
Cash Flows from Operating Activities:    
Net income 153 93
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 495 332
Amortization of deferred financing costs 6 6
Deferred income taxes (38) 23
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net (107) (63)
Accounts receivable/payable–affiliated companies 78 (35)
Inventory (6) (1)
Taxes receivable (23) (38)
Accounts payable (6) 57
Interest and taxes accrued (45) (41)
Net regulatory assets and liabilities (59) (59)
Other current assets 4 2
Other current liabilities (11) (7)
Other assets 2 4
Other liabilities 2 1
Other, net (2) 5
Net cash provided by operating activities 443 279
Cash Flows from Investing Activities:    
Capital expenditures (441) (414)
Decrease (increase) in notes receivable–affiliated companies (26) 5
Other, net (1) (9)
Net cash used in investing activities (468) (418)
Cash Flows from Financing Activities:    
Proceeds from long-term debt, net 398 298
Payments of long-term debt (230) (219)
Decrease in notes payable–affiliated companies (60) 0
Dividend to parent (63) (42)
Debt issuance costs (4) (3)
Other, net 1 1
Net cash provided by (used in) financing activities 42 35
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 17 (104)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 274 381
Cash, Cash Equivalents and Restricted Cash at End of Period 291 277
Cash and Cash Equivalents at Beginning of Period 238  
Cash and Cash Equivalents at End of Period 253  
CERC Corp [Member]    
Cash Flows from Operating Activities:    
Net income 166 201
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 145 134
Amortization of deferred financing costs 4 4
Deferred income taxes 41 115
Write-down of natural gas inventory 1 0
Equity in earnings of unconsolidated affiliate, net of distributions (9) (131)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 339 295
Accounts receivable/payable–affiliated companies (14) (1)
Inventory 58 (18)
Accounts payable (248) (203)
Fuel cost recovery 69 (12)
Non-trading derivatives, net 61 (49)
Margin deposits, net (9) (43)
Interest and taxes accrued (21) (27)
Net regulatory assets and liabilities 92 (1)
Other current assets 7 12
Other current liabilities 8 (14)
Other assets 4 5
Other liabilities 52 10
Other, net 0 1
Net cash provided by operating activities 746 278
Cash Flows from Investing Activities:    
Capital expenditures (230) (223)
Acquisitions, net of cash acquired 0 (132)
Distributions from unconsolidated affiliate in excess of cumulative earnings 30 149
Other, net 3 1
Net cash used in investing activities (197) (205)
Cash Flows from Financing Activities:    
Decrease in short-term borrowings, net (39) (11)
Proceeds from (payments of) commercial paper, net (333) 149
Proceeds from long-term debt, net 599 0
Decrease in notes payable–affiliated companies (570) 0
Dividend to parent (211) (248)
Debt issuance costs (5) (1)
Contribution from parent 0 38
Other, net (1) 0
Net cash provided by (used in) financing activities (560) (73)
Net Decrease in Cash and Cash Equivalents (11) 0
Cash and Cash Equivalents at Beginning of Period 12 1
Cash and Cash Equivalents at End of Period $ 1 $ 1