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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 363 $ (1,199)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 307 282
Amortization of deferred financing costs 7 7
Deferred income taxes 66 (377)
Goodwill impairment and loss from reclassification to held for sale 0 214
Goodwill Impairment 0 185
Unrealized loss on marketable securities 23 144
Gain on indexed debt securities (26) (135)
Write-down of natural gas inventory 0 3
Equity in (earnings) losses of unconsolidated affiliates (108) 1,475
Distributions from unconsolidated affiliates 39 70
Pension contributions (8) (2)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 29 236
Inventory 99 110
Taxes receivable 3 13
Accounts payable (55) (192)
Non-trading derivatives, net (14) (53)
Margin deposits, net 0 21
Interest and taxes accrued (62) (95)
Net regulatory assets and liabilities (2,297) (27)
Other current assets 0 (5)
Other current liabilities (59) (37)
Other non-current assets 0 19
Other non-current liabilities 17 1
Other, net (5) 4
Net Cash Provided by (Used in) Operating Activities, Total (1,681) 662
Cash Flows from Investing Activities:    
Capital expenditures (594) (664)
Distributions from unconsolidated affiliate in excess of cumulative earnings 0 7
Other, net (10) 3
Net Cash Provided by (Used in) Investing Activities, Total (604) (654)
Cash Flows from Financing Activities:    
Proceeds from (payments of) commercial paper, net 38 (828)
Proceeds from long-term debt 2,795 0
Payments of long-term debt (388) (63)
Proceeds from Lines of Credit 0 1,050
Payment of debt issuance costs (20) 0
Payment of dividends on Common Stock (88) (145)
Payment of dividends on Preferred Stock (48) (42)
Other, net (4) (4)
Net cash provided by (used in) financing activities from continuing operations 2,285 (32)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 0 (24)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 167 271
Cash, Cash Equivalents and Restricted Cash at End of Period 167 247
Houston Electric [Member]    
Cash Flows from Operating Activities:    
Net income (loss) 53 33
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 141 129
Amortization of deferred financing costs 3 3
Deferred income taxes (5) (1)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 21 19
Accounts receivable/payable–affiliated companies (49) (3)
Inventory (7) (10)
Accounts payable 14 (2)
Interest and taxes accrued (73) (80)
Net regulatory assets and liabilities (63) (11)
Other current assets 16 13
Other current liabilities (2) 8
Other non-current assets 3 0
Other non-current liabilities 0 8
Other, net (5) (3)
Net Cash Provided by (Used in) Operating Activities, Total 47 103
Cash Flows from Investing Activities:    
Capital expenditures (314) (286)
Decrease (increase) in notes receivable–affiliated companies (665) 481
Other, net (3) (3)
Net Cash Provided by (Used in) Investing Activities, Total (982) 192
Cash Flows from Financing Activities:    
Proceeds from long-term debt 1,096 0
Payments of long-term debt (138) (63)
Increase (decrease) in notes payable–affiliated companies (8) 133
Dividend to parent 0 (385)
Payment of debt issuance costs (10) 0
Net cash provided by (used in) financing activities from continuing operations 940 (315)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 5 (20)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 154 235
Cash, Cash Equivalents and Restricted Cash at End of Period 159 215
CERC Corp [Member]    
Cash Flows from Operating Activities:    
Net income (loss) 151 67
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 80 74
Amortization of deferred financing costs 1 3
Deferred income taxes 41 23
Goodwill impairment and loss from reclassification to held for sale 0 132
Write-down of natural gas inventory 0 3
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net (41) 169
Accounts receivable/payable–affiliated companies (5) 0
Inventory 64 114
Accounts payable (10) (159)
Non-trading derivatives, net 0 (54)
Margin deposits, net 0 21
Interest and taxes accrued 18 (11)
Net regulatory assets and liabilities (2,065) 10
Other current assets 2 (1)
Other current liabilities (13) (13)
Other non-current assets (2) 18
Other non-current liabilities (8) (15)
Net Cash Provided by (Used in) Operating Activities, Total (1,787) 381
Cash Flows from Investing Activities:    
Capital expenditures (133) (176)
Other, net 2 (1)
Net Cash Provided by (Used in) Investing Activities, Total (131) (177)
Cash Flows from Financing Activities:    
Proceeds from (payments of) commercial paper, net 226 (172)
Proceeds from long-term debt 1,699 0
Dividend to parent 0 (32)
Payment of debt issuance costs (6) 0
Other, net (1) (1)
Net cash provided by (used in) financing activities from continuing operations 1,918 (205)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 0 (1)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1 2
Cash, Cash Equivalents and Restricted Cash at End of Period $ 1 $ 1