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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 21 $ 1,307 $ 945
Less: Income (loss) from discontinued operations (3) 4 (7)
Income from continuing operations 24 1,303 952
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 1,737 1,522 1,418
Regulatory impacts of net nuclear decommissioning trust earnings 146 189 158
Other amortization 152 118 120
Asset impairments, lease terminations and other 1,759 47 888
Stock-based compensation 30 30 22
Equity in income from unconsolidated affiliates (86) (106) (42)
Distributions from unconsolidated affiliates 82 92 31
Deferred income taxes and investment tax credits (188) 1,139 (1,457)
Income from leveraged leases (5) (5) (14)
Proceeds from U.S. treasury grants 388 92 0
Changes in operating assets and liabilities:      
Receivables 19 (155) 80
Inventory (56) (49) 20
Margin and collateral deposits - net of collateral received 25 63 30
Prepaid taxes 302 (357) 178
Other current assets (85) (24) (45)
Rent payments in excess of levelized rent expense (136) (149) (160)
Accounts payable 56 (3) 152
Accrued taxes 0 (135) (402)
Other current liabilities (33) 13 31
Derivative assets and liabilities - net 383 (44) (581)
Regulatory assets and liabilities - net (1,080) 278 1,457
Other assets (120) (71) 62
Other liabilities 595 (315) 154
Operating cash flows from discontinued operations (3) 4 (7)
Net cash provided by operating activities 3,906 3,477 3,045
Cash flows from financing activities:      
Long-term debt issued 1,376 1,936 939
Long-term debt issuance costs (35) (38) (25)
Long-term debt repaid (67) (396) (1,044)
Bonds purchased (86) 0 (219)
Preference stock issued - net 123 0 0
Short-term debt financing - net 389 30 (2,058)
Borrowing held in escrow pending completion of project construction (97) 0 0
Settlements of stock-based compensation - net (20) (16) (3)
Cash contributions from noncontrolling interests 0 0 2
Dividends and distributions to noncontrolling interests (59) (52) (117)
Dividends paid (417) (411) (404)
Net cash provided (used) by financing activities 1,107 1,053 (2,929)
Cash flows from investing activities:      
Capital expenditures (4,808) (4,543) (3,282)
Purchase of interest in acquired companies (3) (4) (22)
Proceeds from termination of leases 0 0 1,420
Proceeds from sale of nuclear decommissioning trust investments 2,773 1,432 2,217
Purchases of nuclear decommissioning trust investments and other (2,940) (1,651) (2,416)
Proceeds from partnerships and unconsolidated subsidiaries, net of investment 41 44 11
Investments in other assets 4 (1) (287)
Effect of consolidation and deconsolidation of variable interest entities 0 (91) 0
Net cash used by investing activities (4,933) (4,814) (2,359)
Net increase (decrease) in cash and cash equivalents 80 (284) (2,243)
Cash and cash equivalents, beginning of year 1,389 1,673 3,916
Cash and cash equivalents, end of year $ 1,469 $ 1,389 $ 1,673