XML 26 R11.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - CECONY - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income $ 2,185 $ 1,470
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME    
Depreciation and amortization 1,506 1,593
Deferred income taxes 99 317
Rate case amortization and accruals 67 55
Other non-cash items, net (87) 180
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable – customers 179 (140)
Allowance for uncollectible accounts – customers (46) (12)
Materials and supplies, including fuel oil and gas in storage 53 (96)
Revenue decoupling mechanism receivable (130) 23
Other receivables and other current assets 144 (120)
Unbilled revenue and net unbilled revenue deferrals 78 (40)
Prepayments 841 588
Accounts payable (573) 61
Pensions and retiree benefits obligations, net (161) 105
Pensions and retiree benefits contributions (30) (34)
Accrued taxes (1) (10)
Accrued interest 108 126
Deferred charges, noncurrent assets, leases, net and other regulatory assets (613) (550)
Deferred credits, noncurrent liabilities and other regulatory liabilities (31) 468
Other current liabilities 110 0
NET CASH FLOWS FROM OPERATING ACTIVITIES 1,181 2,618
INVESTING ACTIVITIES    
Utility construction expenditures (3,097) (2,844)
Cost of removal less salvage (289) (247)
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES 352 (3,346)
FINANCING ACTIVITIES    
Net issuance (retirement) of short-term debt (1,160) 1,003
Issuance of long-term debt 500 0
Debt issuance costs (5) 0
NET CASH FLOWS USED IN FINANCING ACTIVITIES (2,517) (177)
CASH AND TEMPORARY CASH INVESTMENTS    
NET CHANGE FOR THE PERIOD (984) (905)
BALANCE AT BEGINNING OF PERIOD 1,530 1,146
BALANCE AT END OF PERIOD 546 241
Cash paid/(received) during the period for:    
Interest 624 583
Income taxes 360 30
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Construction expenditures in accounts payable 419 486
Software Licenses    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Capital expenditures incurred but unpaid as of end of period 0 2
Equipment    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Capital expenditures incurred but unpaid as of end of period 11 17
CECONY    
OPERATING ACTIVITIES    
Net income 1,308 1,138
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME    
Depreciation and amortization 1,428 1,341
Deferred income taxes 674 235
Rate case amortization and accruals 52 41
Other non-cash items, net (75) 173
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable – customers 185 (134)
Allowance for uncollectible accounts – customers (45) (7)
Materials and supplies, including fuel oil and gas in storage 36 (71)
Revenue decoupling mechanism receivable (128) 24
Other receivables and other current assets (115) 42
Unbilled revenue and net unbilled revenue deferrals 77 16
Accounts receivable from affiliated companies (400) (66)
Prepayments 699 559
Accounts payable (408) (12)
Accounts payable to affiliated companies 7 4
Pensions and retiree benefits obligations, net (161) 101
Pensions and retiree benefits contributions (28) (22)
Accrued interest 128 109
System benefit charge 48 (4)
Deferred charges, noncurrent assets, leases, net and other regulatory assets (598) (553)
Deferred credits, noncurrent liabilities and other regulatory liabilities (15) 409
Other current liabilities 81 (13)
NET CASH FLOWS FROM OPERATING ACTIVITIES 1,221 2,191
INVESTING ACTIVITIES    
Utility construction expenditures (2,894) (2,687)
Cost of removal less salvage (284) (242)
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES (3,178) (2,929)
FINANCING ACTIVITIES    
Net issuance (retirement) of short-term debt (502) 428
Issuance of long-term debt 500 0
Debt issuance costs (5) (1)
Capital contribution by Con Edison 1,720 150
Dividend to Con Edison (792) (734)
NET CASH FLOWS USED IN FINANCING ACTIVITIES 921 (157)
CASH AND TEMPORARY CASH INVESTMENTS    
NET CHANGE FOR THE PERIOD (1,036) (895)
BALANCE AT BEGINNING OF PERIOD 1,056 920
BALANCE AT END OF PERIOD 20 25
Cash paid/(received) during the period for:    
Interest 538 466
Income taxes 90 60
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Construction expenditures in accounts payable 399 414
CECONY | Nonrelated Party    
CHANGES IN ASSETS AND LIABILITIES    
Accrued taxes (42) (3)
CECONY | Related Party    
CHANGES IN ASSETS AND LIABILITIES    
Accrued taxes (89) 2
CECONY | Software Licenses    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Capital expenditures incurred but unpaid as of end of period 0 2
CECONY | Equipment    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Capital expenditures incurred but unpaid as of end of period $ 11 $ 17