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Consolidated Statements of Cash Flows - PAC - 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
Derivative collateral, net (226) 121 82
Accrued property, income and other taxes, net (58) 397 (489)
Accounts payable and other liabilities 280 579 163
Wildfires insurance receivable (253) (130) 0
Wildfires liability 1,300 172 0
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
PAC      
Cash flows from operating activities:      
Net income (loss) (468) 920 888
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 1,126 1,120 1,088
Allowance for equity funds (144) (71) (50)
Net power cost deferrals (760) (482) (159)
Amortization of deferred energy 231 100 67
Other changes in regulatory assets and liabilities (161) (162) (97)
Deferred income taxes and investment tax credits, net (224) 157 64
Other, net 11 13 (5)
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (38) (88) 15
Inventories (58) 0 8
Prepaid expenses (91) (46) 2
Derivative collateral, net (100) 95 19
Accrued property, income and other taxes, net (40) (46) (37)
Accounts payable and other liabilities 370 267 1
Wildfires insurance receivable (253) (130) 0
Wildfires liability 1,299 172 0
Net cash flows from operating activities 700 1,819 1,804
Cash flows from investing activities:      
Capital expenditures (3,226) (2,166) (1,513)
Other, net 5 5 12
Net cash flows from investing activities (3,221) (2,161) (1,501)
Cash flows from financing activities:      
Proceeds from long-term debt 1,189 1,087 984
Repayments of long-term debt (449) (155) (870)
Net proceeds from (repayments of) short-term debt 1,604 0 (93)
Dividends paid (300) (100) (150)
Other, net (5) (2) (7)
Net cash flows from financing activities 2,039 830 (136)
Net change in cash and cash equivalents and restricted cash and cash equivalents (482) 488 167
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 674 186 19
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 192 $ 674 $ 186