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Condensed Financial Statements (Notes)
 12 Months Ended
Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]  
Condensed Financial Statements [Text Block]
Schedule I
 
As of December 31,
 
2019
 
2018
ASSETS
Current assets:
 
 
 
Cash and cash equivalents
$
13

 
$
9

Accounts receivable - affiliate
87

 
100

Notes receivable - affiliate
181

 
156

Income tax receivable
3

 
103

Other current assets
8

 
15

Total current assets
292

 
383

 
 
 
 
Investments in subsidiaries
40,204

 
36,602

Other investments
1,300

 
1,579

Goodwill
1,221

 
1,221

Other assets
695

 
546

 
 
 
 
Total assets
$
43,712

 
$
40,331

LIABILITIES AND EQUITY
Current liabilities:
 
 
 
Accounts payable and other current liabilities
$
194

 
$
183

Notes payable - affiliate
240

 
328

Short-term debt
1,590

 
983

Current portion of BHE senior debt
350

 
—

Total current liabilities
2,374

 
1,494

 
 
 
 
BHE senior debt
8,231

 
8,577

BHE junior subordinated debentures
100

 
100

Notes payable - affiliate
2

 
1

Other long-term liabilities
530

 
543

Total liabilities
11,237

 
10,715

 
 
 
 
Equity:
 
 
 
BHE shareholders' equity:
 
 
 
Common stock - 115 shares authorized, no par value, 77 shares issued and outstanding
—

 
—

Additional paid-in capital
6,389

 
6,371

Long-term income tax receivable
(530
)
 
(457
)
Retained earnings
28,296

 
25,624

Accumulated other comprehensive loss, net
(1,706
)
 
(1,945
)
Total BHE shareholders' equity
32,449

 
29,593

Noncontrolling interest
26

 
23

Total equity
32,475

 
29,616

 
 
 
 
Total liabilities and equity
$
43,712

 
$
40,331


The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF OPERATIONS
(Amounts in millions)

 
Years Ended December 31,
 
2019
 
2018
 
2017
 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
General and administration
$
49

 
$
21

 
$
55

Depreciation and amortization
5

 
4

 
4

Total operating expenses
54

 
25

 
59

 
 
 
 
 
 
Operating loss
(54
)
 
(25
)
 
(59
)
 
 
 
 
 
 
Other income (expense):
 
 
 
 
 
Interest expense
(452
)
 
(438
)
 
(475
)
Other, net
(271
)
 
(537
)
 
(369
)
Total other income (expense)
(723
)
 
(975
)
 
(844
)
 
 
 
 
 
 
Loss before income tax benefit and equity income
(777
)
 
(1,000
)
 
(903
)
Income tax benefit
(312
)
 
(513
)
 
(335
)
Equity income
3,419

 
3,058

 
3,441

Net income
2,954

 
2,571

 
2,873

Net income attributable to noncontrolling interest
3

 
3

 
3

Net income attributable to BHE shareholders
$
2,951

 
$
2,568

 
$
2,870


The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(Amounts in millions)

 
Years Ended December 31,
 
2019
 
2018
 
2017
 
 
 
 
 
 
Net income
$
2,954

 
$
2,571

 
$
2,873

Other comprehensive income (loss), net of tax
239

 
(462
)
 
1,113

Comprehensive income
3,193

 
2,109

 
3,986

Comprehensive income attributable to noncontrolling interests
3

 
3

 
3

Comprehensive income attributable to BHE shareholders
$
3,190

 
$
2,106

 
$
3,983


The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF CASH FLOWS
(In millions)

 
Years Ended December 31,
 
2019
 
2018
 
2017
 
 
 
 
 
 
Cash flows from operating activities
$
1,780

 
$
1,885

 
$
2,450

 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
Investments in subsidiaries
(1,972
)
 
(1,791
)
 
(1,566
)
Purchases of investments
(42
)
 
(44
)
 
(71
)
Proceeds from sale of investments
42

 
45

 
68

Notes receivable from affiliate, net
(112
)
 
(72
)
 
(305
)
Other, net
(5
)
 
(22
)
 
(8
)
Net cash flows from investing activities
(2,089
)
 
(1,884
)
 
(1,882
)
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
Proceeds from BHE senior debt
—

 
3,166

 
—

Repayments of BHE senior debt
—

 
(1,045
)
 
(1,379
)
Repayments of BHE subordinated debt
—

 
—

 
(944
)
Common stock purchases
(293
)
 
(107
)
 
(19
)
Net proceeds from (repayments of) short-term debt
607

 
(2,348
)
 
2,498

Tender offer premium paid
—

 
—

 
(406
)
Other, net
(1
)
 
(4
)
 
(5
)
Net cash flows from financing activities
313

 
(338
)
 
(255
)
 
 
 
 
 
 
Net change in cash and cash equivalents
4

 
(337
)
 
313

Cash and cash equivalents at beginning of year
9

 
346

 
33

Cash and cash equivalents at end of year
$
13

 
$
9

 
$
346


The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
NOTES TO CONDENSED FINANCIAL STATEMENTS

Basis of Presentation - The condensed financial information of BHE investments in subsidiaries are presented under the equity method of accounting. Under this method, the assets and liabilities of subsidiaries are not consolidated. The investments in subsidiaries are recorded in the Condensed Balance Sheets. The income from operations of subsidiaries is reported on a net basis as equity income in the Condensed Statements of Operations.

Other investments - BHE's investment in BYD Company Limited ("BYD") common stock is accounted for as a marketable security with changes in fair value recognized in net income. As of December 31, 2019 and 2018, the fair value of BHE's investment in BYD common stock was $1,122 million and $1,435 million

Dividends and distributions from subsidiaries - Cash dividends paid to BHE by its subsidiaries for the years ended December 31, 2019, 2018 and 2017 were $2.0 billion, $2.3 billion and $3.0 billion, respectively. In January 2020, BHE received cash dividends from its subsidiaries totaling $118 million.

Guarantees and commitments - BHE has issued guarantees and letters of credit in respect of subsidiary and equity method investments aggregating $277 million and commitments, subject to satisfaction of certain specified conditions, to provide equity contributions in support of renewable tax equity investments totaling $2.4 billion.

See the notes to the consolidated BHE financial statements in Part II, Item 8 for other disclosures regarding long-term obligations (Notes 9, 10 and 11) and shareholders' equity (Note 18).
MidAmerican Funding LLC [Member]  
Condensed Financial Statements, Captions [Line Items]  
Condensed Financial Statements [Text Block]
MIDAMERICAN FUNDING, LLC
PARENT COMPANY ONLY
NOTES TO CONDENSED FINANCIAL STATEMENTS

Incorporated by reference are MidAmerican Funding, LLC and Subsidiaries Consolidated Statements of Changes in Equity for the three years ended December 31, 2019 in Part II, Item 8.

Basis of Presentation - The condensed financial information of MidAmerican Funding, LLC's ("MidAmerican Funding's") investments in subsidiaries is presented under the equity method of accounting. Under this method, the assets and liabilities of subsidiaries are not consolidated. The investments in and advances to subsidiaries are recorded on the Condensed Balance Sheets. The income from operations of the subsidiaries is reported on a net basis as equity in undistributed earnings of subsidiary companies on the Condensed Statements of Operations. The Condensed Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the years ended December 31, 2019, 2018 and 2017.

Payable to Affiliate - MHC, Inc. ("MHC") settles all obligations of MidAmerican Funding including primarily interest costs on, and repayments of, MidAmerican Funding's long-term debt and income taxes. MHC paid $12 million and $130 million in 2019 and 2017, respectively, and received $2 million in 2018 on behalf of MidAmerican Funding. In 2019, MHC transferred to MidAmerican Funding $440 million of its receivable from MidAmerican Funding in the form of a dividend.

Distribution to Parent - In 2019, MidAmerican Funding recorded a noncash dividend of $8 million for the transfer to BHE of corporate aircraft owned by MHC.

See the notes to the consolidated MidAmerican Funding financial statements in Part II, Item 8 for other disclosures.