XML 27 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 606 $ 591 $ 543
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 932 831 798
Nuclear fuel amortization 114 123 119
Deferred income taxes (36) (67) (39)
Allowance for equity funds used during construction (30) (25) (25)
Provision for bad debts 24 24 13
Changes in operating assets and liabilities:      
Accounts receivable (89) (55) 15
Accrued unbilled revenues (71) 1 20
Inventories (22) (14) (29)
Other current assets 3 (9) (3)
Accounts payable 69 (1) (13)
Net regulatory assets and liabilities (282) (87) (140)
Other current liabilities (5) (58) (12)
Pension and other employee benefit obligations (41) (54) (49)
Other, net (50) (8) (29)
Net cash provided by operating activities 1,122 1,192 1,169
Investing activities      
Capital/construction expenditures (1,866) (1,901) (1,417)
Purchase of investment securities (757) (1,398) (995)
Proceeds from the sale of investment securities 743 1,378 975
Investments in utility money pool arrangement (821) (718) (219)
Repayments from utility money pool arrangement 730 718 219
Other, net 1 1 (3)
Net cash used in investing activities (1,970) (1,920) (1,440)
Financing activities      
(Repayments of) proceeds from short-term borrowings, net (179) 149 (120)
Borrowings under utility money pool arrangement 434 136 696
Repayments under utility money pool arrangement (434) (136) (696)
Proceeds from issuance of long-term debt 836 677 580
Repayment of long-term debt 0 (300) 0
Capital contributions from parent 649 527 354
Dividends paid to parent (431) (408) (467)
Other, net 0 3 0
Net cash provided by financing activities 875 648 347
Net change in cash, cash equivalents and restricted cash 27 (80) 76
Cash, cash equivalents and restricted cash at beginning of period 46 126 50
Cash, cash equivalents and restricted cash at end of period 73 46 126
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (245) (230) (209)
Cash received (paid) for income taxes, net 11 (53) (105)
Supplemental disclosure of non-cash investing and financing transactions:      
Accrued property, plant and equipment additions 242 74 95
Inventory transfers to property, plant and equipment 8 24 24
Operating lease right-of-use assets 4 2 629
Allowance for equity funds used during construction $ 30 $ 25 $ 25