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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 128 $ 107
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 223 204
Nuclear fuel amortization 30 33
Deferred income taxes (8) (15)
Allowance for equity funds used during construction (7) (7)
Provision for bad debts 6 5
Net realized and unrealized hedging and derivatives transactions (6) 9
Changes in operating assets and liabilities:    
Accounts receivable (12) 3
Accrued unbilled revenues 43 52
Inventories 38 20
Accounts payable (38) (43)
Net regulatory assets and liabilities (268) 33
Other current liabilities 26 (4)
Pension and other employee benefit obligations (36) (48)
Other, net (2) (8)
Net cash provided by operating activities 117 341
Investing activities    
Capital/construction expenditures (474) (274)
Purchase of investment securities (199) (835)
Proceeds from the sale of investment securities 194 830
Investments in utility money pool arrangement 0 (305)
Repayments from utility money pool arrangement 0 257
Other, net (2) 1
Net cash used in investing activities (481) (326)
Financing activities    
Repayments of short-term borrowings, net (179) (30)
Borrowings under utility money pool arrangement 434 118
Repayments under utility money pool arrangement (434) (118)
Proceeds from issuance of long-term debt 836 0
Capital contributions from parent 424 114
Dividends paid to parent (106) (94)
Other, net 0 (4)
Net cash provided by (used in) financing activities 975 (14)
Net change in cash, cash equivalents and restricted cash 611 1
Cash, cash equivalents and restricted cash at beginning of period 46 126
Cash, cash equivalents and restricted cash at end of period 657 127
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (72) (75)
Cash received (paid) for income taxes, net 1 (6)
Other Noncash Investing and Financing Items [Abstract]    
Accrued property, plant and equipment additions 222 67
Inventory transfers to property, plant and equipment 5 4
Allowance for equity funds used during construction $ 7 $ 7