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STATEMENTS OF CONSOLIDATED CASH FLOWS - HOUSTON ELECTRIC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income (loss) $ 1,486 $ (773) $ 791
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,316 1,189 1,225
Deferred income taxes 213 (429) 69
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net (98) 90 226
Inventory (140) 9 (52)
Accounts payable 175 2 (455)
Taxes receivable 81 24 (106)
Net regulatory assets and liabilities (2,295) (107) (22)
Other operating activities, net 85 35 128
Net cash provided by operating activities 22 1,995 1,638
Cash Flows from Investing Activities:      
Capital expenditures (3,164) (2,596) (2,506)
Other investing activities, net 15 36 34
Net cash used in investing activities (1,851) (1,265) (8,421)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 4,493 799 2,916
Payments of long-term debt, including make-whole premiums (2,968) (1,724) (1,302)
Payment of obligation for finance lease (179) 0 0
Other financing activities, net (5) (6) (14)
Net cash provided by (used in) financing activities 1,916 (834) 2,776
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 87 (104) (4,007)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 167 271 4,278
Cash, Cash Equivalents and Restricted Cash at End of Year 254 167 271
Houston Electric      
Cash Flows from Operating Activities:      
Net income (loss) 381 334 356
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 642 560 648
Deferred income taxes 32 (42) (24)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net (17) (26) 38
Accounts receivable/payable–affiliated companies (36) 47 (23)
Inventory (97) (48) (12)
Accounts payable 66 28 13
Taxes receivable 0 0 5
Net regulatory assets and liabilities (237) (11) (48)
Other current assets and liabilities 39 55 (26)
Other assets and liabilities 6 4 (7)
Other operating activities, net (9) (2) (2)
Net cash provided by operating activities 770 899 918
Cash Flows from Investing Activities:      
Capital expenditures (1,619) (1,058) (1,025)
(Increase) decrease in notes receivable–affiliated companies 0 481 (481)
Other investing activities, net 2 13 11
Net cash used in investing activities (1,617) (564) (1,495)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 1,096 299 696
Payments of long-term debt, including make-whole premiums (613) (231) (458)
Dividend to parent 0 (551) (376)
Increase (decrease) in notes payable–affiliated companies 504 8 (1)
Payment of debt issuance costs (12) (3) (8)
Contribution from parent 130 62 590
Payment of obligation for finance lease (179) 0 0
Other financing activities, net 0 0 (1)
Net cash provided by (used in) financing activities 926 (416) 442
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 79 (81) (135)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 154 235 370
Cash, Cash Equivalents and Restricted Cash at End of Year $ 233 $ 154 $ 235