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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 233 $ (71)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairment of assets and other charges 4 319
Deferred income taxes, net 102 (52)
Depreciation and amortization 251 240
Amortization of nuclear fuel 19 20
Other adjustments 4 6
Changes in certain assets and liabilities:    
Receivables (29) 21
Receivables - affiliated and related party 13 (2)
Inventories (30) (4)
Prepayments (23) (38)
Regulatory assets (178) (51)
Regulatory liabilities 36 (108)
Accounts payable 66 81
Accounts payable - affiliated and related party 63 (66)
Taxes accrued (99) (99)
Interest accrued (1) 2
Pension and other postretirement benefits (6) 3
Other assets and liabilities (212) 78
Net cash provided by operating activities 213 279
Investing Activities    
Property additions and construction expenditures (346) (415)
Proceeds from investments and sales of assets 9 6
Purchase of investments (1) (7)
Purchase of investments - affiliated 0 (1)
Short-term investments - affiliated 0 15
Other 1 0
Net cash used in investing activities (337) (402)
Financing Activities    
Dividend to parent (218) (105)
Short-term borrowings, net 190 60
Short-term borrowings - affiliated, net 146 187
Other (2) (2)
Net cash provided by financing activities 116 140
Net increase (decrease) in cash, restricted cash and equivalents (8) 17
Cash, restricted cash and equivalents at beginning of period [1] 54 5
Cash, restricted cash and equivalents at end of period [1] 46 22
Significant noncash investing and financing activities:    
Accrued construction expenditures [2] 98 27
Operating leases [2] $ 3 $ 0
[1]

Includes $24 million of restricted cash at December 31, 2021, recorded within other current assets on the Consolidated Balance Sheets. At June 30, 2022, June 30, 2021 and December 31, 2020 there were no restricted cash and equivalent balances.

[2]

See Note 4 for noncash financing activities related to capital contributions associated with the settlement of litigation.