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Condensed Statements of Consolidated Cash Flows - 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
Gain on divestitures (303) 0
Loss on equity securities 17 23
Gain on indexed debt securities (106) (26)
Equity in (earnings) losses of unconsolidated affiliates 0 (108)
Distributions from unconsolidated affiliates 0 39
Pension contributions (2) (8)
Changes in other assets and liabilities:    
Accounts receivable and unbilled revenues, net (201) 29
Inventory 132 99
Taxes receivable 1 3
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)
Proceeds from Sale and Maturity of Marketable Securities 702 0
Proceeds from divestitures 2,060 0
Other investing activities, net 18 (10)
Net cash provided by (used in) investing activities 1,934 (604)
Cash Flows from Financing Activities:    
Decrease in short-term borrowings, net (43) 0
Payment of obligation for finance lease (171) 0
Proceeds from (payments of) commercial paper, net (1,941) 38
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 dividends on Common Stock (107) (88)
Payment of dividends on Preferred Stock (24) (48)
Other financing activities, 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