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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income (loss) including noncontrolling interests $ (1,371) $ (619)
Net income (loss) (1,439) (626)
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 1,497 1,472
Deferred income taxes and investment tax credits (231) 107
Provision for refunds and rate credits to electric utility customers 0 953
Impairment of assets and other charges 1,297 1,012
Loss for equity method investee 2,315 0
Charge related to a voluntary retirement program 0 409
Net losses (gains) on nuclear decommissioning trust funds and other investments 117 (371)
Revision to future ash pond and landfill closure costs 0 (113)
Other adjustments 4 4
Changes in:    
Accounts receivable 396 492
Inventories 7 (14)
Deferred fuel and purchased gas costs, net 237 120
Prepayments (193) 22
Accounts payable (191) (446)
Accrued interest, payroll and taxes (313) (264)
Customer deposits (7) (85)
Margin deposit assets and liabilities 19 113
Other operating assets and liabilities (447) (479)
Net cash provided by operating activities 3,136 2,313
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (2,915) (2,112)
Cash and restricted cash acquired in the SCANA Combination 0 389
Acquisition of solar development projects (187) (152)
Proceeds from sales of securities 1,660 882
Purchases of securities (1,710) (888)
Proceeds from sales of assets and equity method investments 0 196
Contributions to equity method affiliates (39) (132)
Acquisition of equity method investments (178) 0
Other 35 (16)
Net cash used in investing activities (3,334) (1,833)
Financing Activities    
Issuance (repayment) of short-term debt, net (525) 2,040
Issuance of short-term notes 1,125 0
Repayment of short-term notes (625) 0
Supplemental 364-Day credit facility borrowings 225 0
Repayment of credit facility borrowings 0 (113)
Issuance of long-term debt 4,355 798
Repayment of long-term debt (2,210) (3,378)
Issuance of 2019 Equity Units 0 1,582
Issuance of common stock 148 325
Common dividend payments (1,577) (1,469)
Dividends and distributions 0 0
Other (245) (96)
Net cash provided by (used in) financing activities 671 (311)
Increase (decrease) in cash, restricted cash and equivalents 473 169
Cash, restricted cash and equivalents at beginning of period 269 391
Cash, restricted cash and equivalents at end of period 742 560
Significant noncash investing and financing activities:    
Accrued capital expenditures [1],[2] 346 311
Leases [1],[2],[3] 35 24
Financing leases 32 22
Virginia Electric and Power Company    
Operating Activities    
Net income (loss) 210 120
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 702 690
Deferred income taxes and investment tax credits (220) (43)
Impairment of assets and other charges 806 608
Charge related to a voluntary retirement program 0 190
Revision to future ash pond and landfill closure costs 0 (113)
Other adjustments 2 (51)
Changes in:    
Accounts receivable 1 68
Affiliated receivables and payables 220 (179)
Inventories (1) (30)
Deferred fuel and purchased gas costs, net 136 153
Prepayments 0 (4)
Accounts payable (9) (35)
Accrued interest, payroll and taxes 18 14
Other operating assets and liabilities 47 (331)
Net realized and unrealized changes related to derivative activities (20) 17
Net cash provided by operating activities 1,892 1,074
Investing Activities    
Plant construction and other property additions (1,474) (1,079)
Purchases of nuclear fuel (154) (67)
Acquisition of solar development projects (19) (150)
Proceeds from sales of securities 530 447
Purchases of securities (549) (478)
Other 18 (11)
Net cash used in investing activities (1,648) (1,338)
Financing Activities    
Issuance (repayment) of short-term debt, net (243) 986
Issuance (repayment) of affiliated current borrowings, net 233 (153)
Issuance of long-term debt 105 198
Repayment of long-term debt (105) (589)
Common dividend payments (215) (189)
Other (3) (2)
Net cash provided by (used in) financing activities (228) 251
Increase (decrease) in cash, restricted cash and equivalents 16 (13)
Cash, restricted cash and equivalents at beginning of period 24 38
Cash, restricted cash and equivalents at end of period 40 25
Significant noncash investing and financing activities:    
Accrued capital expenditures 239 193
Financing leases 20 9
Dominion Energy Gas Holdings, LLC    
Operating Activities    
Net income (loss) including noncontrolling interests 36 375
Net income (loss) (29) 309
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 187 227
Deferred income taxes and investment tax credits (97) 39
Impairment of assets and other charges 482 13
Charge related to a voluntary retirement program 0 73
Other adjustments (1) 15
Changes in:    
Accounts receivable 37 88
Affiliated receivables and payables 362 (48)
Inventories (8) (31)
Prepayments 30 59
Accounts payable 6 (105)
Accrued interest, payroll and taxes (16) (55)
Customer deposits (1) (81)
Other operating assets and liabilities 26 (45)
Pension and other postretirement benefits (35) (64)
Net cash provided by operating activities 1,008 460
Investing Activities    
Plant construction and other property additions (147) (341)
Repayment of loans by affiliates 1,165 0
Advances to affiliates (263) 0
Other (4) (12)
Net cash used in investing activities 751 (353)
Financing Activities    
Issuance (repayment) of short-term debt, net (62) 240
Issuance (repayment) of affiliated current borrowings, net 54 (11)
Repayment of credit facility borrowings 0 (73)
Issuance of affiliated long-term debt 0 395
Repayment of long-term debt 0 (300)
Dividends and distributions (1,725) (348)
Other (1) (1)
Net cash provided by (used in) financing activities (1,734) (98)
Increase (decrease) in cash, restricted cash and equivalents 25 9
Cash, restricted cash and equivalents at beginning of period 39 198
Cash, restricted cash and equivalents at end of period 64 207
Significant noncash investing and financing activities:    
Accrued capital expenditures 24 43
Financing leases $ 1 $ 6
[1] See Note 16 for noncash financing activities related to derivative restructuring, the acquisition of the public interest in Dominion Energy Midstream and the issuance of stock purchase contracts associated with the 2019 Equity Units. See Note 18 to the Consolidated Financial Statements in Dominion Energy’s Annual Report on Form 10-K for the year ended December 31, 2019 for non-cash financing activities related to the remarketing of RSNs.
[2] See Note 3 for noncash investing and financing activities related to the SCANA Combination.
[3] Includes $32 million and $22 million of financing leases at June 30, 2020 and 2019, respectively, and $3 million and $2 million of operating leases at June 30, 2020 and 2019, respectively.