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Consolidated Statements of Cash Flows - NPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 3,020 $ 2,721 $ 5,790
Adjustments to reconcile net income to net cash flows from operating activities:      
Allowance for equity funds (267) (167) (126)
Net power cost deferrals (629) (1,290) (520)
Amortization of deferred energy 354 357 107
Other changes in regulatory assets and liabilities (260) (146) (255)
Deferred income taxes and investment tax credits, net (257) (467) 646
Other, net (46) 59 (57)
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (134) 150 553
Accrued property, income and other taxes, net (58) 397 (489)
Accounts payable and other liabilities 280 579 163
Net cash flows from operating activities 7,132 9,359 8,692
Cash flows from investing activities:      
Capital expenditures (9,148) (7,505) (6,611)
Other, net 17 (28) (94)
Net cash flows from investing activities (5,899) (7,750) (5,763)
Cash flows from financing activities:      
Net proceeds from (repayments of) short-term debt 3,024 (867) (276)
Other, net (54) (274) (70)
Net cash flows from financing activities (1,250) (1,006) (3,131)
Net change in cash and cash equivalents and restricted cash and cash equivalents (6) 573 (201)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 1,817 1,244 1,445
Cash and cash equivalents and restricted cash and cash equivalents at end of period 1,811 1,817 1,244
NPC      
Cash flows from operating activities:      
Net income (loss) 260 298 303
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 432 417 406
Allowance for equity funds (21) (11) (7)
Net power cost deferrals 14 (541) (245)
Amortization of deferred energy 40 160 11
Other changes in regulatory assets and liabilities (13) (15) (19)
Deferred income taxes and investment tax credits, net 26 49 0
Other, net (1) 8 0
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (3) (178) 6
Inventories (36) (29) 5
Accrued property, income and other taxes, net 39 21 (18)
Accounts payable and other liabilities 24 176 63
Net cash flows from operating activities 761 355 505
Cash flows from investing activities:      
Capital expenditures (1,409) (762) (449)
Net proceeds from (issuance of) affiliate note receivable 100 (100) 0
Other, net 0 0 2
Net cash flows from investing activities (1,309) (862) (447)
Cash flows from financing activities:      
Proceeds from long-term debt 494 694 0
Repayments of long-term debt (300) 0 0
Net proceeds from (repayments of) short-term debt 0 (180) 180
Dividends paid (50) 0 (213)
Proceeds from equity contributions 400 25 0
Other, net (19) (17) (16)
Net cash flows from financing activities 525 522 (49)
Net change in cash and cash equivalents and restricted cash and cash equivalents (23) 15 9
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 60 45 36
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 37 $ 60 $ 45