XML 29 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income including noncontrolling interests $ 1,721 $ 1,557
Net income 1,666 1,542
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 1,325 1,250
Deferred income taxes and investment tax credits 481 703
Gains on the sales of assets and equity method investment in Iroquois (50) (123)
Other adjustments (78) (1)
Changes in:    
Accounts receivable 19 229
Inventories (10) (3)
Deferred fuel and purchased gas costs, net 84 70
Prepayments 71 45
Accounts payable (89) (222)
Accrued interest, payroll and taxes 205 (13)
Margin deposit assets and liabilities 1 205
Other operating assets and liabilities (294) (244)
Net cash provided by operating activities 3,386 3,453
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (4,536) (3,632)
Acquisition of Dominion Questar, net of cash acquired (4,372) 0
Acquisition of solar development projects (21) (278)
Acquisition of DCG 0 (497)
Proceeds from sales of securities 1,009 937
Purchases of securities (1,065) (921)
Proceeds from assignments of shale development rights 10 80
Other (54) (39)
Net cash used in investing activities (9,029) (4,350)
Financing Activities    
Issuance (repayment) of short-term debt, net (713) (220)
Issuance of short-term notes 1,200 0
Repayment and repurchase of short-term notes (600) 0
Issuance and remarketing of long-term debt 5,730 2,262
Repayment and repurchase of long-term debt (1,169) (675)
Proceeds from sale of interest in merchant solar projects 117 0
Contributions from SunEdison to Four Brothers and Three Cedars 178 0
Issuance of common stock 2,079 717
Common dividend payments (1,287) (1,150)
Other (248) (117)
Net cash provided by financing activities 5,287 817
Increase (decrease) in cash and cash equivalents (356) (80)
Cash and cash equivalents at beginning of period 607 [1] 318
Cash and cash equivalents at end of period 251 238
Significant noncash investing and financing activities:    
Accrued capital expenditures 341 389
Dominion Midstream's acquisition of a noncontrolling partnership interest in Iroquois in exchange for issuance of Dominion Midstream common units 0 216
Virginia Electric and Power Company    
Operating Activities    
Net income 1,046 900
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 903 844
Deferred income taxes and investment tax credits 369 9
Other adjustments (15) 20
Changes in:    
Accounts receivable (99) 10
Affiliated receivables and payables 306 (33)
Inventories 37 11
Deferred fuel and purchased gas costs, net 79 40
Prepayments 15 228
Accounts payable 4 (62)
Accrued interest, payroll and taxes 131 137
Other operating assets and liabilities 8 70
Net cash provided by operating activities 2,784 2,174
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (1,835) (1,840)
Purchases of nuclear fuel (106) (100)
Proceeds from sales of securities 478 407
Purchases of securities (513) (423)
Other (11) (38)
Net cash used in investing activities (1,987) (1,994)
Financing Activities    
Issuance (repayment) of short-term debt, net (691) 1
Repayment of affiliated current borrowings, net (376) (427)
Issuance and remarketing of long-term debt 750 1,112
Repayment and repurchase of long-term debt (476) (421)
Distribution payments to parent 0 (416)
Other (4) (5)
Net cash provided by financing activities (797) (156)
Increase (decrease) in cash and cash equivalents 0 24
Cash and cash equivalents at beginning of period 18 [2] 15
Cash and cash equivalents at end of period 18 39
Significant noncash investing and financing activities:    
Accrued capital expenditures 209 139
Dominion Gas Holdings, LLC    
Operating Activities    
Net income 286 357
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 150 157
Deferred income taxes and investment tax credits 204 75
Gains on the sales of assets and equity method investment in Iroquois (50) (123)
Other adjustments 3 4
Changes in:    
Accounts receivable 56 150
Affiliated receivables and payables 91 (22)
Deferred fuel and purchased gas costs, net 7 19
Prepayments 15 145
Accounts payable (76) (112)
Accrued interest, payroll and taxes (7) (45)
Other operating assets and liabilities (176) (109)
Net cash provided by operating activities 503 496
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (610) (514)
Proceeds from sale of equity method investment in Iroquois 7 0
Proceeds from assignments of shale development rights 10 80
Other (10) (5)
Net cash used in investing activities (603) (439)
Financing Activities    
Issuance (repayment) of short-term debt, net (331) 382
Repayment of affiliated current borrowings, net (95) (186)
Issuance and remarketing of long-term debt 680 0
Distribution payments to parent (150) (244)
Other (9) 0
Net cash provided by financing activities 95 (48)
Increase (decrease) in cash and cash equivalents (5) 9
Cash and cash equivalents at beginning of period 13 [3] 9
Cash and cash equivalents at end of period 8 18
Significant noncash investing and financing activities:    
Accrued capital expenditures $ 42 $ 46
[1] Dominion’s Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.
[2] Virginia Power’s Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.
[3] Dominion Gas’ Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.