XML 38 R15.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Statements of Consolidated Cash Flows - Houston Electric - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 531 $ 363
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 318 307
Deferred income taxes 28 66
Changes in other assets and liabilities:    
Accounts receivable and unbilled revenues, net (201) 29
Inventory 132 99
Accounts payable (85) (55)
Net regulatory assets and liabilities 135 (2,297)
Other current assets and liabilities 82 (121)
Other non-current assets and liabilities (25) 3
Other operating activities, net 58 2
Net cash provided by (used in) operating activities 580 (1,681)
Cash Flows from Investing Activities:    
Capital expenditures (846) (594)
Other investing activities, net 18 (10)
Net cash provided by (used in) investing activities 1,934 (604)
Cash Flows from Financing Activities:    
Proceeds from long-term debt 792 2,795
Payments of long-term debt, including make-whole premiums (1,113) (388)
Payment of debt issuance costs (8) (20)
Payment of obligation for finance lease (171) 0
Other, net (6) (4)
Net cash provided by (used in) financing activities (2,621) 2,285
Net Decrease in Cash, Cash Equivalents and Restricted Cash (107) 0
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 254 167
Cash, Cash Equivalents and Restricted Cash at End of Period 147 167
Houston Electric    
Cash Flows from Operating Activities:    
Net income 61 53
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 162 141
Deferred income taxes 9 (5)
Changes in other assets and liabilities:    
Accounts receivable and unbilled revenues, net 15 21
Accounts receivable/payable–affiliated companies 38 (49)
Inventory (12) (7)
Accounts payable (62) 14
Net regulatory assets and liabilities (75) (63)
Other current assets and liabilities (56) (59)
Other non-current assets and liabilities (5) 3
Other operating activities, net (2) (2)
Net cash provided by (used in) operating activities 73 47
Cash Flows from Investing Activities:    
Capital expenditures (491) (314)
Increase in notes receivable–affiliated companies (354) (665)
Other investing activities, net (3) (3)
Net cash provided by (used in) investing activities (848) (982)
Cash Flows from Financing Activities:    
Proceeds from long-term debt 792 1,096
Payments of long-term debt, including make-whole premiums (38) (138)
Decrease in notes payable–affiliated companies (512) (8)
Dividend to parent (37) 0
Contribution from parent 637 0
Payment of debt issuance costs (8) (10)
Payment of obligation for finance lease (171) 0
Other, net 1 0
Net cash provided by (used in) financing activities 664 940
Net Decrease in Cash, Cash Equivalents and Restricted Cash (111) 5
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 233 154
Cash, Cash Equivalents and Restricted Cash at End of Period $ 122 $ 159