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Condensed Consolidated Statements of Cash Flows - Progress Energy - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,151 $ 761
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,534 1,344
Equity component of AFUDC (55) (46)
Impairment of assets and other charges 1 8
Deferred income taxes 149 90
Payments for asset retirement obligations (115) (117)
Provision for rate refunds (4) (33)
(Increase) decrease in    
Receivables 226 754
Inventory 11 (275)
Other current assets 329 262
Increase (decrease) in    
Accounts payable (553) (1,193)
Taxes accrued (110) (148)
Other current liabilities (208) (266)
Other assets 41 (13)
Other liabilities 149 157
Net cash provided by operating activities 2,474 1,483
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,208) (3,146)
Purchases of debt and equity securities (946) (866)
Proceeds from sales and maturities of debt and equity securities 985 882
Other (166) (149)
Net cash used in investing activities (3,342) (3,209)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 3,481 4,085
Payments for the redemption of long-term debt (1,392) (1,380)
Other (67) (84)
Net cash provided by financing activities 1,029 1,747
Net increase in cash, cash equivalents and restricted cash 161 21
Cash, cash equivalents and restricted cash at beginning of period 357 603
Cash, cash equivalents and restricted cash at end of period 518 624
Significant non-cash transactions:    
Accrued capital expenditures 1,615 1,366
Progress Energy    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 435 359
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 669 554
Equity component of AFUDC (18) (16)
Impairment of assets and other charges 0 5
Deferred income taxes (5) 51
Payments for asset retirement obligations (68) (58)
Provision for rate refunds 0 (14)
(Increase) decrease in    
Receivables 103 188
Receivables from affiliated companies 87 (2)
Inventory (86) (133)
Other current assets 232 319
Increase (decrease) in    
Accounts payable (79) (214)
Accounts payable to affiliated companies 84 (302)
Taxes accrued (57) 36
Other current liabilities (36) (107)
Other assets (134) (212)
Other liabilities 27 4
Net cash provided by operating activities 1,154 458
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,373) (1,275)
Purchases of debt and equity securities (381) (279)
Proceeds from sales and maturities of debt and equity securities 424 304
Notes receivable from affiliated companies 0 (118)
Other (74) (71)
Net cash used in investing activities (1,404) (1,439)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 498 996
Payments for the redemption of long-term debt (73) (66)
Notes payable to affiliated companies (223) 2
Other (1) (1)
Net cash provided by financing activities 201 931
Net increase in cash, cash equivalents and restricted cash (49) (50)
Cash, cash equivalents and restricted cash at beginning of period 135 184
Cash, cash equivalents and restricted cash at end of period 86 134
Significant non-cash transactions:    
Accrued capital expenditures $ 680 $ 516