XML 51 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 2,285 $ 1,463 $ 4,105
Less: Income from discontinued operations, net of income tax 0 0 (1,850)
Income from continuing operations, net of income tax 2,285 1,463 2,255
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,019 1,855 1,666
Deferred income taxes and investment tax credits 392 (78) 159
(Gain) loss on sale of assets 0 (36) 3
Equity earnings (1,498) (1,343) (1,015)
Foreign currency transaction losses, net 24 18 25
Share-based compensation expense 71 63 71
Fixed-price contracts and other derivatives 863 206 (7)
Other 154 170 140
Net change in other working capital components:      
Accounts receivable (976) (599) (328)
Due to/from unconsolidated affiliates, net (31) (1) 12
Income taxes receivable/payable, net (29) (38) (94)
Inventories (17) (87) (35)
Other current assets (1,608) (220) 38
Accounts payable 430 263 74
Regulatory balancing accounts, net 36 249 (231)
Reserve for Aliso Canyon costs (1,851) 1,532 141
Other current liabilities 228 (105) (127)
Insurance receivable for Aliso Canyon costs 360 85 (106)
Distributions from investments 854 941 651
Reserve for Aliso Canyon costs, noncurrent 1 0 294
Changes in other noncurrent assets and liabilities, net (565) (496) 56
Net cash provided by continuing operations 1,142 3,842 3,642
Net cash used in discontinued operations 0 0 (1,051)
Net cash provided by operating activities 1,142 3,842 2,591
CASH FLOWS FROM INVESTING ACTIVITIES      
Expenditures for property, plant and equipment (5,357) (5,015) (4,676)
Expenditures for investments and acquisitions (376) (633) (652)
Proceeds from sale of assets 0 38 19
Distributions from investments   366 761
Purchases of nuclear decommissioning and other trust assets (700) (961) (1,439)
Proceeds from sales of nuclear decommissioning and other trust assets 762 961 1,439
Advances to unconsolidated affiliates 0 (8) (92)
Repayments of advances to unconsolidated affiliates 626 38 7
Disbursement for note receivable 0 (305) 0
Other 6 11 15
Net cash used in continuing operations (5,039) (5,508) (4,618)
Net cash provided by discontinued operations 0 0 5,171
Net cash (used in) provided by investing activities (5,039) (5,508) 553
CASH FLOWS FROM FINANCING ACTIVITIES      
Common dividends paid (1,430) (1,331) (1,174)
Preferred dividends paid (44) (99) (157)
Issuances of preferred stock, net 0 0 891
Issuances of common stock, net 4 5 11
Repurchases of common stock (478) (339) (566)
Issuances of debt (maturities greater than 90 days) 9,984 3,773 6,051
Payments on debt (maturities greater than 90 days) and finance leases (4,510) (5,489) (5,864)
(Decrease) increase in short-term debt, net (1,266) 1,913 (1,759)
Advances from unconsolidated affiliates 28 40 64
Proceeds from sales of noncontrolling interests, net 1,732 3,206 26
Purchases of noncontrolling interests 0 (224) (248)
Distributions to noncontrolling interests (237) 0 0
Contributions from noncontrolling interests 31 4 1
Other (35) (199) (50)
Net cash provided by (used in) continuing operations 3,779 1,260 (2,774)
Net cash provided by discontinued operations 0 0 401
Net cash provided by (used in) financing activities 3,779 1,260 (2,373)
Effect of exchange rate changes in continuing operations (1) 2 0
Effect of exchange rate changes in discontinued operations 0 0 (3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) 2 (3)
(Decrease) increase in cash and cash equivalents (119) (404) 768
Cash, cash equivalents and restricted cash, including discontinued operations, January 1 581 985 217
Cash, cash equivalents and restricted cash, including discontinued operations, December 31 462 581 985
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest payments, net of amounts capitalized 1,014 1,163 1,046
Income tax payments, including discontinued operations, net of refunds 284 230 1,385
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Contribution to Cameron LNG JV 0 0 50
Distribution from Cameron LNG JV 0 0 50
Increase in Cameron LNG JV investment for guarantee 0 22 0
Repayment of advances from unconsolidated affiliate in lieu of distribution 32 45 0
Accrued capital expenditures 590 591 535
Increase in finance lease obligations for investment in PP&E 57 43 77
Derecognized PP&E for net investment in sales-type lease 0 44 0
Increase in ARO for investment in PP&E 91 153 142
Equitization of long-term debt for deficit held by NCI 0 0 22
Accrued purchase price adjustment for sale of NCI 0 13 0
Issuance of common stock in exchange for NCI and related AOCI 0 1,373 0
Common dividends issued in stock 0 0 22
Conversion of mandatory convertible preferred stock 0 2,258 0
Common Stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared but not paid 360 349 301
Preferred stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared but not paid $ 11 $ 11 $ 47