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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 82 $ 85
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 110 117
Deferred income taxes 10 (29)
Allowance for equity funds used during construction (4) (4)
Provision for bad debts 2 4
Changes in operating assets and liabilities:    
Accounts receivable 11 (1)
Accrued unbilled revenues 8 12
Inventories (9) (5)
Other current assets 5 4
Accounts payable (2) (4)
Net regulatory assets and liabilities (50) 1
Other current liabilities (6) 3
Pension and other employee benefit obligations (7) (7)
Other, net 2 0
Net cash provided by operating activities 152 176
Investing activities    
Capital/construction expenditures (182) (185)
Investments in utility money pool arrangement (71) 0
Repayments from utility money pool arrangement 71 0
Net cash used in investing activities (182) (185)
Financing activities    
Repayments of short-term borrowings, net (19) (65)
Borrowings under utility money pool arrangement 236 0
Repayments under utility money pool arrangement (236) 0
Proceeds from long-term debt 99 98
Capital contributions from parent 42 38
Dividends paid to parent (82) (52)
Net cash provided by financing activities 40 19
Net change in cash, cash equivalents and restricted cash 10 10
Cash, cash equivalents and restricted cash at beginning of period 2 1
Cash, cash equivalents and restricted cash at end of period 12 11
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (29) (28)
Cash paid for income taxes, net (17) (19)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 23 16
Inventory transfers to property, plant and equipment 2 4
Allowance for equity funds used during construction $ 4 $ 4