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Consolidated Statements of Cash Flows - SPPC - 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
Accrued property, income and other taxes, net 144 (58) 397
Accounts payable and other liabilities 252 280 579
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)
Proceeds from sales of marketable securities 2,615 2,520 2,464
Net cash flows from investing activities (6,035) (5,899) (7,750)
Cash flows from financing activities:      
Long-term debt reacquired (2,794) (2,821) (1,494)
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
SPPC      
Cash flows from operating activities:      
Net income (loss) 85 117 118
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 181 185 149
Allowance for equity funds (22) (14) (7)
Net power cost deferrals 135 117 (267)
Amortization of deferred energy 28 83 97
Other changes in regulatory assets and liabilities 5 1 (1)
Deferred income taxes and investment tax credits, net (49) (56) 31
Other, net (1) 0 3
Changes in other operating assets and liabilities, net of effects from acquisitions:      
Trade receivables and other assets 13 (7) (52)
Inventories (44) (38) (14)
Accrued property, income and other taxes, net (10) 18 (13)
Accounts payable and other liabilities 149 13 65
Net cash flows from operating activities 470 419 109
Cash flows from investing activities:      
Capital expenditures (674) (388) (351)
Proceeds from sales of marketable securities 1 0 0
Net cash flows from investing activities (673) (388) (351)
Cash flows from financing activities:      
Proceeds from long-term debt 233 393 248
Long-term debt reacquired 0 0 (265)
Repayments of long-term debt 0 (250) 0
Net (repayments of) proceeds from short-term debt 0 0 (159)
Notes payable to affiliate, net 0 (70) 70
Dividends paid (200) (100) (70)
Proceeds from equity contributions 150 0 465
Other, net (8) (8) (7)
Net cash flows from financing activities 175 (35) 282
Net change in cash and cash equivalents and restricted cash and cash equivalents (28) (4) 40
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 52 56 16
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 24 $ 52 $ 56