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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES:    
Net income (loss) $ 757 $ (255)
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 901 859
Provision (benefit) for deferred income taxes 262 (59)
Equity (earnings) losses (266) (130)
Distributions from unconsolidated affiliates 345 323
Impairment of goodwill (Note 10) 0 187
Impairment of equity-method investments (Note 10) 0 938
Amortization of stock-based awards 39 24
Cash provided (used) by changes in current assets and liabilities:    
Accounts receivable (50) 85
Inventories (58) (9)
Other current assets and deferred charges (56) (13)
Accounts payable 94 236
Accrued liabilities 14 (236)
Other, including changes in noncurrent assets and liabilities (10) (20)
Net cash provided (used) by operating activities 1,972 1,930
FINANCING ACTIVITIES:    
Proceeds from long-term debt 898 3,896
Payments of long-term debt (11) (3,226)
Proceeds from issuance of common stock 3 6
Common dividends paid (996) (971)
Dividends and distributions paid to noncontrolling interests (95) (98)
Contributions from noncontrolling interests 6 4
Payments for debt issuance costs (6) (17)
Other – net (12) (10)
Net cash provided (used) by financing activities (213) (416)
INVESTING ACTIVITIES:    
Capital expenditures (1) (685) (613)
Dispositions – net (5) (16)
Contributions in aid of construction 36 19
Proceeds from dispositions of equity-method investments 1 0
Purchases of and contributions to equity-method investments (44) (66)
Other – net (3) 6
Net cash provided (used) by investing activities (700) (670)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 1,059 844
Cash and cash equivalents at beginning of year 142 289
Cash and cash equivalents at end of period 1,201 1,133
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
(1) Increases to property, plant, and equipment (693) (581)
Changes in related accounts payable and accrued liabilities 8 (32)
Capital expenditures $ (685) $ (613)