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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 4,614 $ 2,874 $ 2,455
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 6,419 6,084 5,843
Equity in losses (earnings) of unconsolidated affiliates 9 (98) (114)
Losses on sales of Commercial Renewables Disposal Groups 14 1,725 1,748
Equity component of AFUDC (233) (198) (197)
Impairment of assets and other charges 38 85 434
Deferred income taxes 987 3 (200)
Contributions to qualified pension plans (100) (100) (58)
Payments for asset retirement obligations (545) (632) (584)
Provision for rate refunds (27) (63) (130)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions (103) (18) 19
Receivables (23) 443 (788)
Inventory (212) (706) (476)
Other current assets 885 (267) (1,498)
Increase (decrease) in      
Accounts payable 1,329 (800) 805
Taxes accrued 32 126 10
Other current liabilities (11) (26) (153)
Other assets (1,170) 914 (1,577)
Other liabilities 451 584 410
Net cash provided by operating activities 12,328 9,878 5,927
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (12,280) (12,604) (11,367)
Contributions to equity method investments (8) (34) (58)
Return of investment capital 25 16 6
Purchases of debt and equity securities (5,703) (3,761) (4,243)
Proceeds from sales and maturities of debt and equity securities 5,803 3,824 4,333
Proceeds from the sales of other assets 49 149 83
Proceeds from the sales of Commercial Renewables Disposal Groups, net of cash divested 0 734 0
Other (1,009) (799) (727)
Net cash used in investing activities (13,123) (12,475) (11,973)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 8,956 10,028 11,874
Proceeds from the issuance of common stock 405 8 9
Redemption of preferred stock (1,000) 0 0
Payments for the redemption of long-term debt (3,357) (4,737) (4,396)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 557 610 80
Payments for the redemption of short-term debt with original maturities greater than 90 days (1,096) (125) (287)
Notes payable and commercial paper (388) (343) 781
Contributions from noncontrolling interests 47 278 1,377
Dividends paid (3,213) (3,244) (3,179)
Other (52) (124) (130)
Net cash provided by financing activities 859 2,351 6,129
Net increase (decrease) in cash, cash equivalents and restricted cash 64 (246) 83
Cash, cash equivalents and restricted cash at beginning of period 357 603 520
Cash, cash equivalents and restricted cash at end of period 421 357 603
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 3,284 2,883 2,361
Cash paid for (received from) income taxes, net (includes transferable tax credit sale proceeds of $558, $28 and $0, respectively) (400) 1 (6)
Significant non-cash transactions:      
Accrued capital expenditures $ 1,909 $ 1,908 $ 1,766