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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income including noncontrolling interests $ 546 $ 710
Net income 538 697 [1]
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 748 729
Deferred income taxes and investment tax credits 301 395
Gains on the sale of assets (159) (25)
Charges associated with North Anna and offshore wind legislation 287 0
Other adjustments (55) (12)
Changes in:    
Accounts receivable 153 92
Inventories 2 (10)
Deferred fuel and purchased gas costs, net (322) 48
Prepayments (34) (88)
Accounts payable (258) (149)
Accrued interest, payroll and taxes (50) (67)
Margin deposit assets and liabilities 204 21
Other operating assets and liabilities 84 147
Net cash provided by operating activities 1,447 1,791
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (2,389) (1,937)
Acquisition of solar development projects (58) (13)
Proceeds from sales of securities 686 862
Purchases of securities (703) (885)
Proceeds from the sale of assets to Blue Racer 84 47
Proceeds from the sale of electric retail energy marketing business 187 0
Restricted cash equivalents 8 23
Other (1) 18
Net cash used in investing activities (2,186) (1,885)
Financing Activities    
Issuance (repayment) of short-term debt, net 1,152 (307)
Issuance of long-term debt 1,150 2,350
Repayment of long-term debt, including redemption premiums (660) (1,185)
Repayment of junior subordinated notes 0 (258)
Subsidiary preferred stock redemption (125) 0
Issuance of common stock 71 144
Common dividend payments (698) (650)
Subsidiary preferred dividend payments (6) (8)
Other (42) (50)
Net cash provided by financing activities 842 36
Increase (decrease) in cash and cash equivalents 103 (58)
Cash and cash equivalents at beginning of period 316 [2] 248
Cash and cash equivalents at end of period 419 190
Significant noncash investing activities:    
Accrued capital expenditures 309 172
Virginia Electric and Power Company
   
Operating Activities    
Net income 393 552
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 521 499
Deferred income taxes and investment tax credits 246 199
Charges associated with North Anna and offshore wind legislation 287 0
Other adjustments (17) (39)
Changes in:    
Accounts receivable 26 (52)
Inventories (31) (4)
Deferred fuel and purchased gas costs, net (359) (4)
Prepayments (138) (47)
Accounts payable 18 (30)
Other operating assets and liabilities (37) 41
Net cash provided by operating activities 909 1,115
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (1,385) (1,217)
Purchases of nuclear fuel (131) (90)
Proceeds from sales of securities 299 324
Purchases of securities (311) (354)
Other (11) 0
Net cash used in investing activities (1,539) (1,337)
Financing Activities    
Issuance (repayment) of short-term debt, net 481 92
Repayment of affiliated current borrowings, net (97) (385)
Issuance of long-term debt 750 1,250
Repayment of long-term debt, including redemption premiums (50) (459)
Subsidiary preferred stock redemption (125) 0
Common dividend payments (270) (268)
Subsidiary preferred dividend payments (6) (8)
Other (11) (14)
Net cash provided by financing activities 672 208
Increase (decrease) in cash and cash equivalents 42 (14)
Cash and cash equivalents at beginning of period 16 [3] 28
Cash and cash equivalents at end of period 58 14
Significant noncash investing activities:    
Accrued capital expenditures 236 100
Dominion Gas Holdings, LLC
   
Operating Activities    
Net income 257 191
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 96 99
Deferred income taxes and investment tax credits 48 47
Gains on the sale of assets (59) (25)
Other adjustments (7) (8)
Changes in:    
Accounts receivable 12 75
Inventories (18) (7)
Deferred fuel and purchased gas costs, net 40 47
Prepayments 21 28
Accounts payable (152) (96)
Payables to affiliates (32) (10)
Accrued interest, payroll and taxes (22) (21)
Other operating assets and liabilities (23) (22)
Net cash provided by operating activities 161 298
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (249) (253)
Proceeds from the sale of assets to Blue Racer 47 108
Other (6) 1
Net cash used in investing activities (208) (144)
Financing Activities    
Repayment of affiliated current borrowings, net 196 (150)
Distribution payments (145) 0
Other (2) 0
Net cash provided by financing activities 49 (150)
Increase (decrease) in cash and cash equivalents 2 4
Cash and cash equivalents at beginning of period 8 [4] 12
Cash and cash equivalents at end of period 10 16
Significant noncash investing activities:    
Accrued capital expenditures 40 38
Extinguishment of affiliated current borrowings in exchange for assets sold to affiliate $ 67 $ 0
[1] Net of $47 million and $(76) million tax for the three months ended June 30, 2014 and 2013, respectively, and net of $126 million and $(22) million for the six months ended June 30, 2014 and 2013, respectively.
[2] Dominion’s Consolidated Balance Sheet at December 31, 2013 has been derived from the audited Consolidated Financial Statements at that date.
[3] Virginia Power’s Consolidated Balance Sheet at December 31, 2013 has been derived from the audited Consolidated Financial Statements at that date.
[4] Dominion Gas’ Consolidated Balance Sheet at December 31, 2013 has been derived from the Audited Consolidated Financial Statements at that date.