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Consolidated Statements of Cash Flows - PAC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 4,300 $ 3,020 $ 2,721
Adjustments to reconcile net income to net cash flows from operating activities:      
Allowance for equity funds (352) (267) (167)
Net power cost deferrals (41) (629) (1,290)
Amortization of deferred energy 584 354 357
Other changes in regulatory assets and liabilities (198) (260) (146)
Deferred income taxes and investment tax credits, net (267) (257) (467)
Other, net 50 (46) 59
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (542) (134) 150
Derivative collateral, net 18 (226) 121
Accrued property, income and other taxes, net 144 (58) 397
Accounts payable and other liabilities 252 280 579
Wildfires insurance receivable 401 (253) (130)
Wildfires liability (187) 1,300 172
Net cash flows from operating activities 8,442 7,132 9,359
Cash flows from investing activities:      
Capital expenditures (9,013) (9,148) (7,505)
Other, net 44 21 (22)
Net cash flows from investing activities (6,035) (5,899) (7,750)
Cash flows from financing activities:      
Net (repayments of) proceeds from short-term debt (3,017) 3,024 (867)
Other, net (37) (54) (274)
Net cash flows from financing activities (2,620) (1,250) (1,006)
Net change in cash and cash equivalents and restricted cash and cash equivalents (225) (6) 573
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 1,811 1,817 1,244
Cash and cash equivalents and restricted cash and cash equivalents at end of period 1,586 1,811 1,817
PAC      
Cash flows from operating activities:      
Net income (loss) 539 (468) 920
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 1,152 1,126 1,120
Allowance for equity funds (203) (144) (71)
Net power cost deferrals (646) (760) (482)
Amortization of deferred energy 556 231 100
Other changes in regulatory assets and liabilities (146) (161) (162)
Deferred income taxes and investment tax credits, net (9) (224) 157
Other, net 18 11 13
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets (81) (38) (88)
Inventories (296) (58) 0
Prepaid expenses (100) (91) (46)
Derivative collateral, net 4 (100) 95
Accrued property, income and other taxes, net 132 (40) (46)
Accounts payable and other liabilities 23 370 267
Wildfires insurance receivable 401 (253) (130)
Wildfires liability (187) 1,299 172
Net cash flows from operating activities 1,157 700 1,819
Cash flows from investing activities:      
Capital expenditures (3,102) (3,226) (2,166)
Other, net 11 5 5
Net cash flows from investing activities (3,091) (3,221) (2,161)
Cash flows from financing activities:      
Proceeds from long-term debt 3,762 1,189 1,087
Repayments of long-term debt (591) (449) (155)
Net (repayments of) proceeds from short-term debt (1,364) 1,604 0
Dividends paid 0 (300) (100)
Other, net (4) (5) (2)
Net cash flows from financing activities 1,803 2,039 830
Net change in cash and cash equivalents and restricted cash and cash equivalents (131) (482) 488
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 192 674 186
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 61 $ 192 $ 674