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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 47 $ 32
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 39 37
Deferred income taxes (1) 9
Allowance for equity funds used during construction 2 1
Provision for bad debts 2 0
Changes in operating assets and liabilities:    
Accounts receivable (17) 4
Accrued unbilled revenues 18 10
Inventories 4 2
Other current assets 5 6
Accounts payable (8) (9)
Net regulatory assets and liabilities 4 (47)
Other current liabilities 15 (3)
Pension and other employee benefit obligations (1) (5)
Other, net 3 1
Net cash provided by operating activities 108 36
Investing activities    
Capital/construction expenditures (87) (51)
Net cash used in investing activities (87) (51)
Financing activities    
(Repayments of) proceeds from short-term borrowings, net (83) 7
Borrowings under utility money pool arrangement 235 (56)
Repayments under utility money pool arrangement (187) 43
Capital contributions from parent 31 39
Dividends paid to parent (27) (20)
Other, net 1 2
Net cash (used in) provided by financing activities (30) 15
Net change in cash, cash equivalents and restricted cash (9) 0
Cash, cash equivalents and restricted cash at beginning of period 11 2
Cash, cash equivalents and restricted cash at end of period 2 2
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (10) (10)
Cash paid for income taxes, net 0 (1)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 17 14
Inventory transfers to property, plant and equipment 1 1
Allowance for equity funds used during construction $ 2 $ 1