XML 87 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Statements of Cash Flows (Unaudited) - MEC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 653 $ 989
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Allowance for equity funds (83) (49)
Deferred income taxes and investment tax credits, net (81) (11)
Other, net (8) 15
Changes in other operating assets and liabilities, net of effects from acquisitions:    
Trade receivables and other assets 67 161
Pension and other postretirement benefit plans (2) (7)
Accrued property, income and other taxes, net (353) (177)
Accounts payable and other liabilities 113 (106)
Net cash flows from operating activities 1,986 1,095
Cash flows from investing activities:    
Capital expenditures (2,153) (1,848)
Purchases of marketable securities (100) (106)
Proceeds from sales of marketable securities 108 1,091
Other, net 13 0
Net cash flows from investing activities (2,149) (1,778)
Cash flows from financing activities:    
Net (repayments of) proceeds from short-term debt (2,618) 699
Other, net (10) (17)
Net cash flows from financing activities 2,313 20
Net change in cash and cash equivalents and restricted cash and cash equivalents 2,148 (662)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 1,811 1,817
Cash and cash equivalents and restricted cash and cash equivalents at end of period 3,959 1,155
MEC    
Cash flows from operating activities:    
Net income 238 242
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 227 234
Amortization of utility plant to other operating expenses 9 8
Allowance for equity funds (16) (11)
Deferred income taxes and investment tax credits, net 65 32
Settlements of asset retirement obligations 0 (6)
Other, net (9) 8
Changes in other operating assets and liabilities, net of effects from acquisitions:    
Trade receivables and other assets (36) 131
Inventories 6 (3)
Pension and other postretirement benefit plans 0 (3)
Accrued property, income and other taxes, net (137) (263)
Accounts payable and other liabilities (79) (81)
Net cash flows from operating activities 268 288
Cash flows from investing activities:    
Capital expenditures (428) (382)
Purchases of marketable securities (81) (48)
Proceeds from sales of marketable securities 76 42
Other, net 8 4
Net cash flows from investing activities (425) (384)
Cash flows from financing activities:    
Common stock dividends (425) (100)
Proceeds from long-term debt 592 0
Repayments of long-term debt (1) (7)
Net (repayments of) proceeds from short-term debt 15 0
Other, net (1) (1)
Net cash flows from financing activities 180 (108)
Net change in cash and cash equivalents and restricted cash and cash equivalents 23 (204)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 642 268
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 665 $ 64