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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income including noncontrolling interests $ (550) $ 1,376 $ 2,549
Net income (401) 1,358 2,447
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 2,836 2,977 2,280
Deferred income taxes and investment tax credits (324) 216 517
Gains on sales of assets and equity method investments (63) (167) (1,006)
Contribution to pension plan (250) (21)  
Provision for refunds and rate credits to electric utility customers   800 77
Impairment of assets and other charges 2,345 1,333 395
Loss for equity method investee 2,405    
Charges related to a voluntary retirement program   320  
Net (gains) losses on nuclear decommissioning trusts funds and other investments (412) (626) 102
Charge (revision) for future ash pond and landfill closure costs 11 (113) 81
Other adjustments 159 (5) 19
Changes in:      
Accounts receivable (238) (71) (110)
Inventories 39 (90) (29)
Deferred fuel and purchased gas costs, net 212 195 (247)
Prepayments 7 (225) (51)
Accounts payable 35 (225) 67
Accrued interest, payroll and taxes (53) (78) (12)
Customer deposits (13) (101) 54
Margin deposit assets and liabilities 26 60  
Net realized and unrealized changes related to derivative activities (36) 43 181
Pension and other postretirement benefits (319) (148) (114)
Other operating assets and liabilities (456) (246) 20
Net cash provided by operating activities 5,227 5,204 4,773
Investing Activities      
Plant construction and other property additions (including nuclear fuel) (6,020) (4,980) (4,254)
Cash and restricted cash acquired in the SCANA Combination   389  
Acquisition of solar development projects (311) (341) (151)
Proceeds from sales of assets and equity method investments 143 447 2,542
Proceeds from sales of securities 4,278 1,712 1,804
Purchases of securities (4,379) (1,749) (1,894)
Contributions to equity method affiliates (148) (209) (428)
Acquisition of equity method investments (178)    
Other 12 109 23
Net cash used in investing activities (2,916) (4,622) (2,358)
Financing Activities      
Issuance (repayment) of short-term debt, net (16) 404 (2,964)
Issuance of short-term notes 1,125 3,000 1,450
Repayment and repurchase of short-term notes (1,125) (3,000) (1,450)
Supplemental 364-day credit facility borrowings 225    
Credit facility borrowings (repayments)   (113) 73
Issuance and remarketing of long-term debt 6,577 4,374 6,362
Repayment and repurchase of long-term debt (including redemption premiums) (2,879) (9,116) (5,682)
Proceeds from sale of interest in Cove Point   2,078  
Issuance of 2019 Equity Units   1,582  
Issuance of Series B Preferred Stock   791  
Repurchase of common stock (3,080)    
Issuance of common stock 159 2,515 2,461
Common dividend payments (2,873) (2,983) (2,185)
Other (446) (236) (274)
Net cash used in financing activities (2,333) (704) (2,209)
Increase (decrease) in cash, restricted cash and equivalents (22) (122) 206
Cash, restricted cash and equivalents at beginning of period 269 391 185
Cash, restricted cash and equivalents at end of period 247 269 391
Virginia Electric and Power Company      
Operating Activities      
Net income 1,021 1,149 1,282
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 1,421 1,392 1,309
Deferred income taxes and investment tax credits (206) (80) 224
Impairment of assets and other charges 1,079 624  
Provision for rate credits to customers     77
Charges related to a voluntary retirement program   116  
Charge (revision) for future ash pond and landfill closure costs 11 (113) 81
Other adjustments (61) (86) (21)
Changes in:      
Accounts receivable (266) (196) (60)
Affiliated receivables and payables 78 75 (14)
Inventories 10 (56) 13
Deferred fuel and purchased gas costs, net 131 243 (269)
Prepayments (5) 1 (1)
Accounts payable 6 (31) (26)
Accrued interest, payroll and taxes (4) 5 (8)
Net realized and unrealized changes related to derivative activities (6) 21 119
Other operating assets and liabilities (309) (280) 134
Net cash provided by operating activities 2,900 2,784 2,840
Investing Activities      
Plant construction and other property additions (3,138) (2,642) (2,228)
Purchases of nuclear fuel (199) (157) (173)
Acquisition of solar development projects (35) (182) (141)
Proceeds from sales of securities 884 858 887
Purchases of securities (936) (905) (925)
Other 21 (37) (63)
Net cash used in investing activities (3,403) (3,065) (2,643)
Financing Activities      
Repayment of short-term debt, net (198) (71) (228)
Issuance (repayment) of affiliated current borrowings, net 273 (117) 191
Issuance and remarketing of long-term debt 1,327 1,248 1,300
Repayment and repurchase of long-term debt (including redemption premiums) (427) (591) (964)
Common dividend payments (430) (190) (464)
Other (31) (12) (18)
Net cash used in financing activities 514 267 (183)
Increase (decrease) in cash, restricted cash and equivalents 11 (14) 14
Cash, restricted cash and equivalents at beginning of period 24 38 24
Cash, restricted cash and equivalents at end of period 35 $ 24 $ 38
GT&S Transaction      
Adjustments to reconcile net income (loss) including noncontrolling interests to net cash provided by operating activities:      
Gains on sales of assets and equity method investments (134)    
GT&S Transaction and Q-Pipe Transaction      
Investing Activities      
Proceeds from sales of assets and equity method investments $ 3,687