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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 727 $ 660 $ 588
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 854 754 656
Deferred income taxes (10) 21 2
Allowance for equity funds used during construction (32) (28) (35)
Provision for bad debts 38 26 24
Changes in operating assets and liabilities:      
Accounts receivable (227) (58) (51)
Accrued unbilled revenues (169) (52) (5)
Inventories (86) (71) (27)
Other current assets 12 (23) (8)
Accounts payable 183 66 (14)
Net regulatory assets and liabilities 82 (526) 58
Other current liabilities 8 30 45
Pension and other employee benefit obligations (13) (53) (41)
Other, net (112) (19) (18)
Net cash provided by operating activities 1,255 727 1,174
Investing activities      
Utility capital/construction expenditures (1,880) (1,604) (1,671)
Investments in utility money pool arrangement (45) (273) (122)
Repayments from utility money pool arrangement 45 273 122
Net cash used in investing activities (1,880) (1,604) (1,671)
Financing activities      
Proceeds from short-term borrowings, net 146 11 136
Borrowings under utility money pool arrangement 1,199 743 1,189
Repayments under utility money pool arrangement (1,199) (800) (1,171)
Proceeds from issuance of long-term debt 686 737 735
Repayments of long-term debt (300) 0 (400)
Capital contributions from parent 569 650 856
Dividends paid to parent (491) (467) (831)
Net cash provided by financing activities 610 874 514
Net change in cash and cash equivalents (15) (3) 17
Cash, cash equivalents and restricted cash at beginning of period 25 28 11
Cash, cash equivalents and restricted cash at end of period 10 25 28
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (250) (230) (211)
Cash paid for income taxes, net (79) (14) (23)
Supplemental disclosure of non-cash investing and financing transactions:      
Accrued property, plant and equipment additions 233 157 197
Inventory transfers to property, plant and equipment 12 10 35
Operating lease right-of-use assets 140 0 14
Allowance for equity funds used during construction 32 28 35
Net income 727 660 588
Depreciation, Amortization and Accretion, Net 854 754 656
Deferred Income Tax Expense (Benefit) (10) 21 2
Allowance for funds used during construction — equity 32 28 35
Provision for bad debts 38 26 24
Increase (Decrease) in Accounts and Other Receivables 227 58 51
Increase (Decrease) in Accrued Unbilled Revenues 169 52 5
Increase (Decrease) in Inventories 86 71 27
Increase (Decrease) in Prepaid Expense and Other Assets (12) 23 8
Increase (Decrease) in Accounts Payable 183 66 (14)
Increase (Decrease) in Regulatory Assets and Liabilities (82) 526 (58)
Increase (Decrease) in Other Current Liabilities 8 30 45
Increase (Decrease) in Employee Related Liabilities (13) (53) (41)
Other, net (112) (19) (18)
Net Cash Provided by (Used in) Operating Activities 1,255 727 1,174
Payments to Acquire Productive Assets 1,880 1,604 1,671
Investments In Utility Money Pool Arrangement 45 273 122
Repayments From Utility Money Pool Arrangement 45 273 122
Net Cash Provided by (Used in) Investing Activities (1,880) (1,604) (1,671)
Proceeds from short-term borrowings, net 146 11 136
Borrowings Under Utility Money Pool Arrangement 1,199 743 1,189
Repayments Under Utility Money Pool Arrangement 1,199 800 1,171
Proceeds from issuance of long-term debt 686 737 735
Repayments of Long-term Debt 300 0 400
Capital contributions from parent 569 650 856
Payments of Ordinary Dividends, Common Stock 491 467 831
Net Cash Provided by (Used in) Financing Activities 610 874 514
Net change in cash and cash equivalents (15) (3) 17
Cash, cash equivalents and restricted cash at end of period 10 25 28
Interest Paid, Excluding Capitalized Interest, Operating Activities 250 230 211
Income Taxes Paid, Net 79 14 23
Accrued property, plant and equipment additions 233 157 197
Inventory transfers to property, plant and equipment 12 10 35
Operating lease right-of-use assets 140 0 14
Allowance for equity funds used during construction $ 32 $ 28 $ 35