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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income $ 135 $ 145
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 184 211
Deferred income taxes (77) (19)
Allowance for equity funds used during construction (3) (1)
Provision for bad debts 6 4
Changes in operating assets and liabilities:    
Accounts receivable 3 (56)
Accrued unbilled revenues 12 27
Inventories (23) (15)
Prepayments and other 7 11
Accounts payable (21) 35
Net regulatory assets and liabilities 194 (30)
Other current liabilities (10) 8
Pension and other employee benefit obligations 0 1
Other, net (4) (2)
Net cash provided by operating activities 379 265
Investing activities    
Utility capital/construction expenditures (351) (260)
Net cash used in investing activities (351) (260)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 34 (137)
Proceeds from issuance of long-term debt, net 0 196
Borrowings under utility money pool arrangement 174 258
Repayments under utility money pool arrangement (74) (349)
Capital contributions from parent 0 209
Dividends paid to parent (163) (110)
Net cash (used in) provided by financing activities (29) 67
Net change in cash, cash equivalents and restricted cash (1) 72
Cash, cash equivalents and restricted cash at beginning of period 2 1
Cash, cash equivalents and restricted cash at end of period 1 73
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (65) (71)
Cash (paid) received for income taxes, net (35) 26
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 41 36
Inventory transfers to property, plant and equipment 17 7
Allowance for equity funds used during construction 3 1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1 $ 73