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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 169 $ 165
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 313 314
Amortization of deferred financing costs 7 6
Amortization of intangible assets in non-utility cost of revenues 9 0
Deferred income taxes (14) (17)
Unrealized gain on marketable securities (83) (1)
Loss on indexed debt securities 86 18
Write-down of natural gas inventory 1 1
Equity in earnings of unconsolidated affiliate, net of distributions 12 (9)
Pension contributions (2) (62)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 138 39
Inventory 120 139
Accounts payable (332) (209)
Fuel cost recovery 58 64
Non-trading derivatives, net (40) 64
Margin deposits, net 19 (28)
Interest and taxes accrued (116) (32)
Net regulatory assets and liabilities (3) 42
Other current assets 16 (15)
Other current liabilities (101) 1
Other assets 58 (3)
Other liabilities (39) 5
Other operating activities, net (5) 2
Net cash provided by operating activities 271 484
Cash Flows from Investing Activities:    
Capital expenditures (537) (362)
Acquisitions, net of cash acquired (5,987) 0
Distributions from unconsolidated affiliate in excess of cumulative earnings 0 14
Proceeds from sale of marketable securities 0 16
Other investing activities, net (15) 1
Net cash used in investing activities (6,539) (331)
Cash Flows from Financing Activities:    
Increase (decrease) in short-term borrowings, net 0 (39)
Proceeds from (payments of) commercial paper, net 2,692 (837)
Proceeds from long-term debt, net 721 997
Payments of long-term debt (994) (165)
Long-term revolving credit facility 135 0
Debt issuance costs (8) (7)
Payment of dividends on Common Stock (144) (120)
Payment of dividends on Preferred Stock (43) 0
Distribution to ZENS note holders 0 (16)
Other financing activities, net (14) (5)
Net cash provided by (used in) financing activities 2,345 (192)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (3,923) (39)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 4,278 296
Cash, Cash Equivalents and Restricted Cash at End of Period 355 257
Houston Electric [Member]    
Cash Flows from Operating Activities:    
Net income 27 52
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 175 233
Amortization of deferred financing costs 3 3
Deferred income taxes (15) (20)
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 21 9
Accounts receivable/payable–affiliated companies (32) (5)
Inventory 1 4
Accounts payable 2 (16)
Taxes receivable 5 0
Non-trading derivatives, net 25 0
Interest and taxes accrued (58) (54)
Net regulatory assets and liabilities (44) (26)
Other current assets 13 2
Other current liabilities (7) (2)
Other assets 3 1
Other liabilities (1) (2)
Other operating activities, net (2) 1
Net cash provided by operating activities 66 180
Cash Flows from Investing Activities:    
Capital expenditures (258) (230)
Increase in notes receivable–affiliated companies (979) (133)
Other investing activities, net 0 (1)
Net cash used in investing activities (1,237) (364)
Cash Flows from Financing Activities:    
Proceeds from long-term debt, net 696 398
Payments of long-term debt (175) (165)
Decrease in notes payable–affiliated companies (1) (60)
Dividend to parent (24) (32)
Contribution from parent 590 0
Debt issuance costs (7) (3)
Other financing activities, net (1) 1
Net cash provided by (used in) financing activities 1,078 139
Net Decrease in Cash, Cash Equivalents and Restricted Cash (93) (45)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 370 274
Cash, Cash Equivalents and Restricted Cash at End of Period 277 229
CERC Corp [Member]    
Cash Flows from Operating Activities:    
Net income 138 130
Less: Income from discontinued operations, net of tax 0 52
Income from continuing operations 138 78
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77 73
Amortization of deferred financing costs 3 2
Deferred income taxes 21 14
Write-down of natural gas inventory 1 1
Changes in other assets and liabilities, excluding acquisitions:    
Accounts receivable and unbilled revenues, net 102 29
Accounts receivable/payable–affiliated companies (18) (4)
Inventory 119 135
Accounts payable (255) (173)
Fuel cost recovery 58 64
Non-trading derivatives, net (26) 60
Margin deposits, net 19 (28)
Interest and taxes accrued (8) (10)
Net regulatory assets and liabilities 19 55
Other current assets 7 3
Other current liabilities (8) 19
Other assets (12) 3
Other liabilities 10 4
Other operating activities, net 1 1
Net cash provided by operating activities from continuing operations 248 326
Net cash provided by operating activities from discontinued operations 0 60
Net cash provided by operating activities 248 386
Cash Flows from Investing Activities:    
Capital expenditures (146) (114)
Increase in notes receivable–affiliated companies (106) 0
Other investing activities, net 2 3
Net cash used in investing activities from continuing operations (250) (111)
Net cash provided by investing activities from discontinued operations 0 14
Net cash used in investing activities (250) (97)
Cash Flows from Financing Activities:    
Increase (decrease) in short-term borrowings, net 0 (39)
Proceeds from (payments of) commercial paper, net 11 (172)
Proceeds from long-term debt, net 0 599
Decrease in notes payable–affiliated companies 0 (570)
Dividend to parent (20) (86)
Contribution from parent 0 0
Debt issuance costs 0 (4)
Other financing activities, net (2) (2)
Net cash used in financing activities from continuing operations (11) (274)
Net cash provided by financing activities from discontinued operations 0 0
Net cash provided by (used in) financing activities (11) (274)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (13) 15
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 25 12
Cash, Cash Equivalents and Restricted Cash at End of Period $ 12 $ 27