XML 59 R41.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables represent the Company’s disaggregation of revenue from contracts with customers for the years ended December 31, 2022, 2021, and 2020:
For the Year Ended December 31, 2022
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue
Home(a)
$6,388 $2,088 $2,286 $(1)$10,761 
Business3,229 13,768 1,964 — 18,961 
Total retail revenue(b)
9,617 15,856 4,250 (1)29,722 
Energy revenue(b)
111 641 466 32 1,250 
Capacity revenue(b)
— 232 40 — 272 
Mark-to-market for economic hedging activities(c)
2 (30)(56)1 (83)
Contract amortization— (40)1 — (39)
Other revenue(b)
327 104 5 (15)421 
Total revenue10,057 16,763 4,706 17 31,543 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— (7)41 1 35 
Less: Realized and unrealized ASC 815 revenue(2)84 (93)31 20 
Total revenue from contracts with customers$10,059 $16,686 $4,758 $(15)$31,488 
(a) Home includes Services
(b) The following amounts of retail, energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue$— $110 $— $— $110 
Energy revenue— (31)(8)31 (8)
Capacity revenue— 33 — — 33 
Other revenue(4)2 (29)(1)(32)
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
For the Year Ended December 31, 2021
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue
Home(a)
$5,659 $1,832 $2,059 $(1)$9,549 
Business2,745 10,030 1,237 — 14,012 
Total retail revenue8,404 11,862 3,296 (1)23,561 
Energy revenue(c)
329 508 371 7 1,215 
Capacity revenue(c)
— 718 57 — 775 
Mark-to-market for economic hedging activities(d)
(3)(88)(86)13 (164)
Contract amortization— (26)(4)— (30)
Other revenue(b)(c)
1,565 51 25 (9)1,632 
Total revenue10,295 13,025 3,659 10 26,989 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— (25)3 — (22)
Less: Realized and unrealized ASC 815 revenue130 184 (96)16 234 
Total revenue from contracts with customers$10,165 $12,866 $3,752 $(6)$26,777 
(a) Home includes Services
(b) Other Revenue in Texas includes ancillary revenues of $1.3 billion driven by high pricing during Winter Storm Uri
(c) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Energy revenue$— $131 $2 $3 $136 
Capacity revenue— 149 — — 149 
Other revenue133 (8)(12)— 113 
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
For the Year Ended December 31, 2020
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue
Home(a)
$5,020 $1,210 $103 $(2)$6,331 
Business1,034 95 — — 1,129 
Total retail revenue6,054 1,305 103 (2)7,460 
Energy revenue(b)
24 183 333 (1)539 
Capacity revenue(b)
— 620 61 (1)680 
Mark-to-market for economic hedging activities(c)
2 88 (3)8 95 
Contract amortization— — — — — 
Other revenue(b)
232 53 42 (8)319 
Total revenue6,312 2,249 536 (4)9,093 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— 1 17 — 18 
Less: Realized and unrealized ASC 815 revenue30 314 38 3 385 
Total revenue from contracts with customers$6,282 $1,934 $481 $(7)$8,690 
(a) Home includes Services
(b) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Energy revenue$— $67 $43 $(5)$105 
Capacity revenue— 156 — — 156 
Other revenue28 3 (2)— 29 
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Contract Assets and Liabilities
The following table reflects the contract assets and liabilities included in the Company's balance sheet as of December 31, 2022 and 2021:
(In millions)December 31, 2022December 31, 2021
Deferred customer acquisition costs$126 $133 
Accounts receivable, net - Contracts with customers4,704 3,057 
Accounts receivable, net - Accounted for under topics other than ASC 60664 182 
Accounts receivable, net - Affiliate5 6 
Total accounts receivable, net$4,773 $3,245 
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)$1,952 $1,574 
Deferred revenues (a)
$186 $227 
(a) Deferred revenues from contracts with customers for the years ended December 31, 2022 and 2021 were approximately $175 million and $224 million, respectively