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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,463 $ 4,105 $ 2,362
Less: Income from discontinued operations, net of income tax 0 (1,850) (363)
Income from continuing operations, net of income tax 1,463 2,255 1,999
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,855 1,666 1,569
Deferred income taxes and investment tax credits (78) 159 189
Impairment losses 3 1 43
(Gain) loss on sale of assets (36) 3 (63)
Equity earnings 1,343 1,015 580
Foreign currency transaction losses (gains), net 18 25 (21)
Share-based compensation expense 63 71 75
Fixed-price contracts and other derivatives 206 (7) (11)
Other 167 139 58
Net change in other working capital components:      
Accounts receivable (599) (328) (97)
Due to/from unconsolidated affiliates, net (1) 12 1
Income taxes receivable/payable, net (38) (94) (166)
Inventories (87) (35) (22)
Other current assets (220) 38 (88)
Accounts payable 263 74 17
Regulatory balancing accounts, net 249 (231) 13
Reserve for Aliso Canyon costs 1,532 141 (144)
Other current liabilities (105) (127) (99)
Intercompany activities with discontinued operations, net 0 0 378
Insurance receivable for Aliso Canyon costs 85 (106) 122
Distributions from investments 941 651 247
Wildfire fund, current and noncurrent 0 0 (323)
Reserve for Aliso Canyon costs, noncurrent 0 294 0
Changes in other noncurrent assets and liabilities, net (496) 56 (399)
Net cash provided by continuing operations 3,842 3,642 2,698
Net cash (used in) provided by discontinued operations 0 (1,051) 390
Net cash provided by operating activities 3,842 2,591 3,088
CASH FLOWS FROM INVESTING ACTIVITIES      
Expenditures for property, plant and equipment (5,015) (4,676) (3,708)
Expenditures for investments and acquisitions (633) (652) (1,797)
Proceeds from sale of assets 38 19 899
Distributions from investments 366 761 9
Purchases of nuclear decommissioning trust assets (961) (1,439) (914)
Proceeds from sales of nuclear decommissioning trust assets 961 1,439 914
Advances to unconsolidated affiliates (8) (92) (16)
Repayments of advances to unconsolidated affiliates 38 7 3
Disbursement for note receivable (305) 0 0
Intercompany activities with discontinued operations, net 0 0 8
Other 11 15 21
Net cash used in continuing operations (5,508) (4,618) (4,581)
Net cash provided by (used in) discontinued operations 0 5,171 (12)
Net cash (used in) provided by investing activities (5,508) 553 (4,593)
CASH FLOWS FROM FINANCING ACTIVITIES      
Common dividends paid (1,331) (1,174) (993)
Preferred dividends paid (99) (157) (142)
Proceeds from Issuance of Preferred Stock and Preference Stock 0 891 0
Issuances of common stock, net 5 11 1,830
Repurchases of common stock (339) (566) (26)
Issuances of debt (maturities greater than 90 days) 3,773 6,051 4,296
Payments on debt (maturities greater than 90 days) and finance leases (5,489) (5,864) (3,667)
Increase (decrease) in short-term debt, net 1,913 (1,759) 656
Advances from unconsolidated affiliates 40 64 155
Purchases of noncontrolling interests (224) (248) (30)
Proceeds from sales of noncontrolling interests, net 3,206 26 5
Proceeds from (Payments to) Noncontrolling Interests 4 1 98
Intercompany activities with discontinued operations, net 0 0 (266)
Other (199) (50) (49)
Net cash provided by continuing operations 1,260 (2,774) 1,867
Net cash (used in) provided by discontinued operations 0 401 (392)
Net cash provided by financing activities 1,260 (2,373) 1,475
Effect of exchange rate changes in continuing operations 2 0 0
Effect of exchange rate changes in discontinued operations 0 (3) 1
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2 (3) 1
Increase (decrease) in cash and cash equivalents (404) 768 (29)
Cash, cash equivalents and restricted cash, including discontinued operations, January 1 985 217 246
Cash, cash equivalents and restricted cash, including discontinued operations, December 31 581 985 217
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest payments, net of amounts capitalized 1,163 1,046 1,051
Income tax payments (refunds), net 230 1,385 360
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued commercial paper proceeds 0 0 67
Accrued interest receivable from unconsolidated affiliate 0 0 55
Contribution to Cameron LNG JV 0 50 0
Distribution from Cameron LNG JV 0 50 0
Increase in Cameron LNG JV investment for guarantee 22 0 0
Repayment of advances from unconsolidated affiliate in lieu of distribution 45 0 0
Accrued capital expenditures 591 535 515
Increase in finance lease obligations for investment in PP&E 43 77 38
Derecognized PP&E for net investment in sales-type lease 44 0 0
Increase in ARO for investment in PP&E 153 142 36
Equitization of long-term debt for deficit held by NCI 0 22 0
Accrued purchase price adjustment for sale of NCI 13 0 0
Issuance of common stock in exchange for NCI and related AOCI 1,373 0 0
Common dividends issued in stock 0 22 55
Conversion of mandatory convertible preferred stock 2,258 0 0
Common Stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared but not paid 349 301 283
Preferred stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared but not paid $ 11 $ 47 $ 36