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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,752 $ 1,908
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,197 1,088
Deferred income taxes and investment tax credits (34) 323
Equity earnings (781) (607)
Share-based compensation expense 41 31
Fixed-price contracts and other derivatives 28 (569)
Bad debt expense 94 220
Other (5) (19)
Net change in working capital components (99) 1,474
Distributions from investments 405 402
Changes in other noncurrent assets and liabilities, net (78) (514)
Net cash provided by operating activities 2,520 3,737
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (3,830) (4,282)
Expenditures for investments (387) (184)
Purchases of nuclear decommissioning and other trust assets (401) (322)
Proceeds from sales of nuclear decommissioning and other trust assets 442 356
Other 8 11
Net cash used in investing activities (4,168) (4,421)
CASH FLOWS FROM FINANCING ACTIVITIES    
Common dividends paid (741) (734)
Preferred dividends paid (22) (22)
Issuances of common stock 18 0
Repurchases of common stock (40) (31)
Issuances of debt (maturities greater than 90 days) 3,812 5,614
Payments on debt (maturities greater than 90 days) and finance leases (1,197) (3,392)
Decrease in short-term debt, net (817) (388)
Advances from unconsolidated affiliates 45 14
Proceeds from sale of noncontrolling interests 0 265
Distributions to noncontrolling interests (203) (252)
Contributions from noncontrolling interests 786 543
Settlement of cross-currency swaps 0 (99)
Other (23) (61)
Net cash provided by financing activities 1,618 1,457
Effect of exchange rate changes on cash, cash equivalents and restricted cash (8) 7
(Decrease) increase in cash, cash equivalents and restricted cash (38) 780
Cash, cash equivalents and restricted cash, January 1 389 462
Cash, cash equivalents and restricted cash, June 30 351 1,242
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest payments, net of amounts capitalized 574 612
Income tax payments, net of refunds 233 120
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Repayments of advances from unconsolidated affiliate in lieu of distributions 62 36
Accrued capital expenditures 885 863
Increase in finance lease obligations for investment in PP&E 12 36
Decrease in ARO for investment in PP&E (2) (46)
Common dividends issued in stock 27 0
Contributions from NCI 0 186
Preferred stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid 11 11
Common stock    
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared but not paid $ 393 $ 375