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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 213 $ 194
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 213 189
Deferred income taxes and investment tax credits 27 43
Allowance for equity funds used during construction (20) (13)
Deferred recovery clauses (10) 37
Receivables, less allowance for credit losses (43) (22)
Prepayments and other deposits (11) (9)
Taxes accrued 20 20
Accounts payable (45) (41)
Regulatory assets and liabilities (2) (12)
Other 4 (4)
Cash flows from operating activities 346 382
Cash flows used in investing activities    
Capital expenditures (588) (653)
Net proceeds from sale of assets 0 6
Cash flows used in investing activities (588) (647)
Cash flows from financing activities    
Equity contributions from Parent 290 265
Proceeds from long-term debt issuance 790 0
Repayment of long-term debt (278) 0
Net decrease in short-term debt (maturities of 90 days or less) (65) (154)
Proceeds from other short-term debt (maturities over 90 days) 0 300
Repayment of other short-term debt (maturities over 90 days) (300) 0
Dividends to Parent (181) (150)
Cash flows from financing activities 256 261
Net increase (decrease) in cash and cash equivalents 14 (4)
Cash and cash equivalents at beginning of period 10 14
Cash and cash equivalents at end of period 24 10
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ (20) $ (12)