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STATEMENTS OF CONSOLIDATED CASH FLOWS - HOUSTON ELECTRIC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income (loss) $ 1,057 $ 1,486 $ (773)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 1,288 1,316 1,189
Deferred income taxes 20 213 (429)
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues, net (461) (98) 90
Inventory (259) (140) 9
Accounts payable 203 175 2
Net regulatory assets and liabilities 234 (2,295) (107)
Other operating activities, net 79 85 35
Net cash provided by operating activities 1,810 22 1,995
Cash Flows from Investing Activities:      
Capital expenditures (4,419) (3,164) (2,596)
Other investing activities, net 14 15 36
Net cash used in investing activities (1,628) (1,851) (1,265)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 2,089 4,493 799
Payments of long-term debt, including make-whole premiums (1,795) (2,968) (1,724)
Payment of obligation for finance lease (485) (179) 0
Net cash provided by (used in) financing activities (345) 1,916 (834)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (163) 87 (104)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 254 167 271
Cash, Cash Equivalents and Restricted Cash at End of Year 91 254 167
Houston Electric      
Cash Flows from Operating Activities:      
Net income (loss) 510 381 334
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 670 642 560
Deferred income taxes 86 32 (42)
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues, net (63) (17) (26)
Accounts receivable/payable–affiliated companies 47 (36) 47
Inventory (179) (97) (48)
Accounts payable (7) 66 28
Net regulatory assets and liabilities (41) (237) (11)
Other current assets and liabilities (20) 39 55
Other non-current assets and liabilities (25) 6 4
Other operating activities, net (12) (9) (2)
Net cash provided by operating activities 966 770 899
Cash Flows from Investing Activities:      
Capital expenditures (2,436) (1,619) (1,058)
Increase in notes receivable–affiliated companies 0 0 481
Other investing activities, net 1 2 13
Net cash used in investing activities (2,435) (1,617) (564)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 1,589 1,096 299
Payments of long-term debt, including make-whole premiums (720) (613) (231)
Dividend to parent (316) 0 (551)
Increase in notes payable–affiliated companies 130 504 8
Payment of debt issuance costs (17) (12) (3)
Contribution from parent 1,143 130 62
Payment of obligation for finance lease (485) (179) 0
Net cash provided by (used in) financing activities 1,324 926 (416)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (145) 79 (81)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 233 154 235
Cash, Cash Equivalents and Restricted Cash at End of Year $ 88 $ 233 $ 154