XML 26 R10.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income including noncontrolling interests $ 711 $ 1,008
Net income 711 1,008
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 773 685
Deferred income taxes and investment tax credits 246 216
Impairment of assets and other charges (benefits) (13) 95
Gains on sales of assets and equity method investments (34)  
Net (gains) losses on nuclear decommissioning trust funds and other investments 113 (152)
Other adjustments (72) 153
Changes in:    
Accounts receivable 28 185
Inventories 80 73
Deferred fuel and purchased gas costs, net (256) (149)
Prepayments 21 24
Accounts payable 52 21
Accrued interest, payroll and taxes (192) (177)
Customer deposits (1) (9)
Margin deposit assets and liabilities (52) (60)
Net realized and unrealized changes related to derivative activities 29 (218)
Pension and other postretirement benefits (117) (44)
Other operating assets and liabilities (191) (199)
Net cash provided by operating activities 1,125 1,452
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (1,622) (1,328)
Acquisition of solar development projects (37) (23)
Proceeds from sales of securities 814 1,765
Purchases of securities (824) (1,765)
Proceeds from sale of assets and equity method investments 146  
Contributions to equity method affiliates (15) (977)
Other (36) 20
Net cash used in investing activities (1,574) (2,308)
Financing Activities    
Issuance of short-term debt, net 234 1,921
Repayment of supplemental 364-day credit facility borrowings   (225)
Issuance of long-term debt 1,000 150
Repayment of long-term debt (39) (161)
Issuance of common stock 45 48
Common dividend payments (541) (508)
Other (64) (54)
Net cash provided by (used in) financing activities 635 1,171
Increase in cash, restricted cash and equivalents 186 315
Cash, restricted cash and equivalents at beginning of period 408 247
Cash, restricted cash and equivalents at end of period 594 562
Virginia Electric and Power Company    
Operating Activities    
Net income 357 374
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 425 365
Deferred income taxes and investment tax credits 105 87
Impairment of assets and other charges (benefits)   (51)
Other adjustments 3 115
Changes in:    
Accounts receivable 76 173
Affiliated receivables and payables 9 (144)
Inventories 34 21
Deferred fuel and purchased gas costs, net (297) (159)
Prepayments 3 (4)
Accounts payable 90  
Accrued interest, payroll and taxes 57 54
Margin deposit assets and liabilities (125) 2
Other operating assets and liabilities (52) (49)
Net cash provided by operating activities 685 784
Investing Activities    
Plant construction and other property additions (1,037) (766)
Purchases of nuclear fuel (27) (46)
Acquisition of solar development projects (37) (10)
Proceeds from sales of securities 392 789
Purchases of securities (415) (791)
Other (5) 41
Net cash used in investing activities (1,129) (783)
Financing Activities    
Issuance (repayment) of affiliated current borrowings, net (464) (203)
Issuance (repayment) of short-term debt, net (59) 375
Issuance of long-term debt 1,000  
Common dividend payments   (150)
Other (23) (2)
Net cash provided by (used in) financing activities 454 20
Increase in cash, restricted cash and equivalents 10 21
Cash, restricted cash and equivalents at beginning of period 26 35
Cash, restricted cash and equivalents at end of period $ 36 $ 56