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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 62 $ 46
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 78 73
Deferred income taxes (1) 10
Allowance for equity funds used during construction 3 2
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable 5 10
Accrued unbilled revenues 18 5
Inventories (4) (1)
Other current assets (8) (6)
Accounts payable 2 9
Net regulatory assets and liabilities 4 (47)
Other current liabilities 6 (2)
Pension and other employee benefit obligations (1) (5)
Other, net (2) 2
Net cash provided by operating activities 158 94
Investing activities    
Capital/construction expenditures (155) (111)
Net cash used in investing activities (155) (111)
Financing activities    
(Repayments of) proceeds from short-term borrowings, net (83) (19)
Borrowings under utility money pool arrangement 471 186
Repayments under utility money pool arrangement (404) (153)
Capital contributions from parent 51 40
Dividends paid to parent (48) (38)
Other, net 0 1
Net cash (used in) provided by financing activities (13) 17
Net change in cash, cash equivalents and restricted cash (10) 0
Cash, cash equivalents and restricted cash at beginning of period 11 2
Cash, cash equivalents and restricted cash at end of period 1 2
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (20) (19)
Cash paid for income taxes, net (17) (13)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 23 19
Inventory transfers to property, plant and equipment 2 2
Allowance for equity funds used during construction $ 3 $ 2