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STATEMENTS OF CONSOLIDATED CASH FLOWS - HOUSTON ELECTRIC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income (loss) $ 917 $ 1,057 $ 1,486
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,401 1,288 1,316
Deferred income taxes 31 20 213
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues, net 423 (461) (98)
Inventory 167 (259) (140)
Accounts payable (302) 203 175
Taxes receivable (74) (19) 81
Net regulatory assets and liabilities 1,043 234 (2,295)
Other operating activities, net 60 79 85
Net cash provided by operating activities 3,877 1,810 22
Cash Flows from Investing Activities:      
Capital expenditures (4,401) (4,419) (3,164)
Other investing activities, net 24 14 15
Net cash used in investing activities (4,233) (1,628) (1,851)
Cash Flows from Financing Activities:      
Proceeds from long-term debt and term loans 6,044 2,089 4,493
Payments of long-term debt and term loans, including make-whole premiums (3,190) (1,795) (2,968)
Payment of obligation for finance lease 0 (485) (179)
Other financing activities, net (25) (7) (5)
Net cash provided by (used in) financing activities 374 (345) 1,916
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 18 (163) 87
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 91 254 167
Cash, Cash Equivalents and Restricted Cash at End of Year 109 91 254
Houston Electric      
Cash Flows from Operating Activities:      
Net income (loss) 593 510 381
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 748 670 642
Deferred income taxes 160 86 32
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues, net 16 (63) (17)
Accounts receivable/payable–affiliated companies (1) 47 (36)
Inventory 62 (179) (97)
Accounts payable (60) (7) 66
Taxes receivable (38) 0 0
Net regulatory assets and liabilities (130) (41) (237)
Other current assets and liabilities 28 (20) 39
Other non-current assets and liabilities 35 (25) 6
Other operating activities, net (12) (12) (9)
Net cash provided by operating activities 1,401 966 770
Cash Flows from Investing Activities:      
Capital expenditures (2,279) (2,436) (1,619)
Increase in notes receivable–affiliated companies (238) 0 0
Other investing activities, net 14 1 2
Net cash used in investing activities (2,503) (2,435) (1,617)
Cash Flows from Financing Activities:      
Proceeds from long-term debt and term loans 1,398 1,589 1,096
Payments of long-term debt and term loans, including make-whole premiums (156) (720) (613)
Dividend to parent (367) (316) 0
Increase (decrease) in notes payable–affiliated companies (642) 130 504
Payment of debt issuance costs (13) (17) (12)
Contribution from parent 885 1,143 130
Payment of obligation for finance lease 0 (485) (179)
Other financing activities, net (2) 0 0
Net cash provided by (used in) financing activities 1,103 1,324 926
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1 (145) 79
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 88 233 154
Cash, Cash Equivalents and Restricted Cash at End of Year $ 89 $ 88 $ 233