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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
3 Months Ended
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities    
Net Income $ 478 $ 123
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 972 888
Bad debt expense 43 76
Allowance for equity funds used during construction (42) (32)
Deferred income taxes and tax credits, net (16) 78
Reorganization items, net (Note 2) 0 (46)
Wildfire Fund expense 118 119
Other 148 41
Effect of changes in operating assets and liabilities:    
Accounts receivable 543 111
Wildfire-related insurance receivable 43 (28)
Inventories (22) 14
Accounts payable 217 143
Wildfire-related claims (631) (558)
Other current assets and liabilities (113) (175)
Regulatory assets, liabilities, and balancing accounts, net 63 340
Other noncurrent assets and liabilities (140) 104
Net cash provided by operating activities 1,661 1,198
Cash Flows from Investing Activities    
Capital expenditures (2,310) (1,778)
Proceeds from sales and maturities of nuclear decommissioning trust investments 421 551
Purchases of nuclear decommissioning trust investments (447) (578)
Other 6 9
Net cash used in investing activities (2,330) (1,796)
Cash Flows from Financing Activities    
Borrowings under credit facilities 1,406 1,985
Repayments under credit facilities (3,151) (4,440)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $22 and $18 at respective dates 2,379 2,382
Repayment of long-term debt (7) (7)
Proceeds from sale of future revenue from transmission tower license sales, net of fees 0 350
Other 11 (41)
Net cash provided by financing activities 638 229
Net change in cash, cash equivalents, and restricted cash (31) (369)
Cash, cash equivalents, and restricted cash at January 1 307 627
Cash, cash equivalents, and restricted cash at March 31 276 258
Less: Restricted cash and restricted cash equivalents (29) (29)
Cash and cash equivalents at March 31 247 229
Cash paid for:    
Interest, net of amounts capitalized (519) (550)
Supplemental disclosures of noncash investing and financing activities    
Capital expenditures financed through accounts payable 975 528
Operating lease liabilities arising from obtaining ROU assets $ 0 $ 4