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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 1,707 $ 1,827 $ 1,665
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,315 1,364 1,436
Deferred income taxes 41 100 48
Provision for uncollectible accounts 66 51 60
Accrued interest on affiliate note 61 61 43
Net loss on early retirement of debt 63 0 30
Changes in current assets and liabilities:      
Accounts receivable 88 (19) 40
Accounts payable (58) (50) 69
Accrued income and other taxes 1 (46) (34)
Other current assets and liabilities, net (220) 60 40
Other current assets and liabilities - affiliates, net 0 1 8
Changes in other noncurrent assets and liabilities, net 52 15 473
Changes in affiliate obligations, net (70) (49) (105)
Other, net 25 17 18
Net cash provided by operating activities 3,071 3,332 3,791
INVESTING ACTIVITIES      
Capital expenditures (1,091) (1,055) (1,040)
Changes in advances to affiliates 1,842    
Payments for advance to affiliate   (694) (119)
Proceeds from sale of property, plant and equipment and other assets 3 26 6
Net cash provided by (used in) investing activities 754 (1,723) (1,153)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 115 0 0
Payments of long-term debt (2,796) (12) (1,359)
Dividends paid (1,725) (1,600) (1,275)
Changes in advances from affiliates 592 0 0
Net cash used in financing activities (3,814) (1,612) (2,634)
Net increase (decrease) in cash, cash equivalents and restricted cash 11 (3) 4
Cash, cash equivalents and restricted cash at beginning of period 4 7 3
Cash, cash equivalents and restricted cash at end of period 15 4 7
Supplemental cash flow information:      
Income taxes (paid) refunded, net (556) (539) 8
Interest paid (net of capitalized interest of $29, $27 and $24) (310) (378) (466)
Cash, cash equivalents and restricted cash:      
Total $ 4 $ 4 $ 3