XML 18 R10.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income including noncontrolling interests $ 997 $ 711
Net income 997 711
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 799 773
Deferred income taxes and investment tax credits 174 246
Impairment of assets and other charges (benefit) 98 (13)
Losses (gains) on sales of assets and equity method investments 0 (34)
Net (gains) losses on nuclear decommissioning trust funds and other investments (134) 113
Other adjustments 23 (72)
Changes in:    
Accounts receivable 519 28
Inventories (21) 80
Deferred fuel and purchased gas costs, net 89 (256)
Prepayments 43 21
Accounts payable (588) 52
Accrued interest, payroll and taxes (161) (192)
Margin deposit assets and liabilities 286 (52)
Net realized and unrealized changes related to derivative activities 232 29
Pension and other postretirement benefits (122) (117)
Other operating assets and liabilities (137) (192)
Net cash provided by operating activities 2,097 1,125
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (2,220) (1,622)
Acquisition of solar development projects (11) (37)
Proceeds from sales of securities 544 814
Purchases of securities (607) (824)
Proceeds from sale of assets and equity method investments 0 146
Contributions to equity method affiliates (10) (15)
Other (2) (36)
Net cash used in investing activities (2,302) (1,574)
Financing Activities    
Issuance (repayment) of short-term debt, net 123 234
364-day term loan facility borrowings 2,500  
Issuance of long-term debt 1,500 1,000
Repayment of long-term debt (2,197) (39)
Supplemental credit facility borrowings 450  
Issuance of common stock 43 45
Common dividend payments (557) (541)
Other (42) (64)
Net cash provided by (used in) financing activities 1,820 635
Increase (decrease) in cash, restricted cash and equivalents 1,615 186
Cash, restricted cash and equivalents at beginning of period 341 408
Cash, restricted cash and equivalents at end of period 1,956 594
Virginia Electric and Power Company    
Operating Activities    
Net income 353 357
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 492 425
Deferred income taxes and investment tax credits (3) 105
Impairment of assets and other charges (benefit) 7  
Other adjustments (9) 3
Changes in:    
Accounts receivable 348 76
Affiliated receivables and payables (52) 9
Inventories (39) 34
Deferred fuel and purchased gas costs, net 193 (297)
Prepayments   3
Accounts payable (103) 90
Accrued interest, payroll and taxes 73 57
Margin deposit assets and liabilities 255 (125)
Net realized and unrealized changes related to derivative activities 449 215
Other operating assets and liabilities (16) (267)
Net cash provided by operating activities 1,948 685
Investing Activities    
Plant construction and other property additions (1,420) (1,037)
Purchases of nuclear fuel (52) (27)
Acquisition of solar development projects (11) (37)
Proceeds from sales of securities 373 392
Purchases of securities (405) (415)
Other (4) (5)
Net cash used in investing activities (1,519) (1,129)
Financing Activities    
Issuance (repayment) of short-term debt, net 69 (59)
Repayment of affiliated current borrowings, net (821) (464)
Issuance of long-term debt 1,500 1,000
Repayment of long-term debt (1,148)  
Other (31) (23)
Net cash provided by (used in) financing activities (431) 454
Increase (decrease) in cash, restricted cash and equivalents (2) 10
Cash, restricted cash and equivalents at beginning of period 24 26
Cash, restricted cash and equivalents at end of period $ 22 $ 36