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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net Income $ 838 $ 524
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 1,913 1,739
Bad debt expense 76 189
Allowance for equity funds used during construction (82) (61)
Deferred income taxes and tax credits, net (156) 228
Reorganization items, net 0 (62)
Wildfire Fund expense 235 237
Other 428 196
Effect of changes in operating assets and liabilities:    
Accounts receivable 388 (300)
Wildfire-related insurance receivable 123 (108)
Inventories (93) (1)
Accounts payable 432 119
Wildfire-related claims (535) (582)
Other current assets and liabilities (292) (281)
Regulatory assets, liabilities, and balancing accounts, net (1,486) (739)
Other noncurrent assets and liabilities (150) 132
Net cash provided by operating activities 1,639 1,230
Cash Flows from Investing Activities    
Capital expenditures (4,539) (3,620)
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,369 952
Purchases of nuclear decommissioning trust investments (1,341) (948)
Purchases of customer credit trust investments (485) 0
Other 16 48
Net cash used in investing activities (4,980) (3,568)
Cash Flows from Financing Activities    
Borrowings under credit facilities 5,235 4,432
Repayments under credit facilities (5,259) (5,867)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $35 and $33 at respective dates 4,265 3,171
Repayment of long-term debt (4,454) (14)
Proceeds from issuance of SB 901 recovery bonds, net of financing fees of $17 and $0 at respective dates 3,583 0
Proceeds from sale of future revenue from transmission tower license sales, net of fees 0 350
Other (21) (42)
Net cash provided by financing activities 3,349 2,030
Net change in cash, cash equivalents, and restricted cash 8 (308)
Cash, cash equivalents, and restricted cash at January 1 307 627
Cash, cash equivalents, and restricted cash at June 30 315 319
Less: Restricted cash and restricted cash equivalents (76) (12)
Cash and cash equivalents at June 30 239 307
Cash paid for:    
Interest, net of amounts capitalized (703) (702)
Supplemental disclosures of noncash investing and financing activities    
Capital expenditures financed through accounts payable 1,380 614
Operating lease liabilities arising from obtaining ROU assets $ 274 $ 20