XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 353 $ 454
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 187 197
Deferred income taxes (8) (10)
Provision for uncollectible accounts 20 13
Changes in current assets and liabilities:    
Accounts receivable (30) (42)
Accounts payable (23) 6
Accrued income and other taxes 23 27
Other current assets and liabilities, net (39) (34)
Changes in other noncurrent assets and liabilities, net 7 (4)
Changes in affiliate obligations, net (14) (16)
Other, net (5) 5
Net cash provided by operating activities 471 596
INVESTING ACTIVITIES    
Capital expenditures (277) (196)
Changes in advances to affiliates 0 (402)
Proceeds from sale of property, plant and equipment and other assets 3 0
Net cash used in investing activities (274) (598)
FINANCING ACTIVITIES    
Payments of long-term debt 0 (2)
Changes in advances from affiliates (193) 0
Net cash used in financing activities (193) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 4 (4)
Cash, cash equivalents and restricted cash at beginning of period 12 10
Cash, cash equivalents and restricted cash at end of period 16 6
Supplemental cash flow information:    
Income taxes paid, net (126) (161)
Interest paid, including affiliate interest (net of capitalized interest of $19 and $10) (21) (30)
Repayment of long-term debt in exchange for advances from affiliates 215 0
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 14 4
Restricted cash - noncurrent 2 2
Total $ 16 $ 6