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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net Income $ 2,975.8 $ 2,212.6 $ 2,305.6
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 3,289.9 3,090.4 3,202.8
Deferred Income Taxes 58.3 185.1 (137.2)
Loss on the Expected Sale of the Kentucky Operations 0.0 0.0 363.3
Loss on the Sale of the Competitive Contracted Renewables Portfolio 0.0 92.7 0.0
Asset Impairments and Other Related Charges 142.5 85.6 48.8
Impairment of Equity Method Investment 0.0 19.0 188.0
Allowance for Equity Funds Used During Construction (211.0) (174.9) (133.7)
Mark-to-Market of Risk Management Contracts (80.4) 8.8 15.5
Amortization of Nuclear Fuel 102.9 96.6 82.9
Property Taxes (45.4) (41.1) (41.2)
Deferred Fuel Over/Under-Recovery, Net 277.0 892.8 (319.2)
Gain on the Sale of Mineral Rights 0.0 0.0 (116.3)
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset 0.0 0.0 (37.0)
Change in Regulatory Assets (174.3) (315.8) (46.7)
Change in Other Noncurrent Assets (347.6) (465.1) (187.7)
Change in Other Noncurrent Liabilities 306.3 29.0 337.8
Changes in Certain Components of Working Capital:      
Accounts Receivable, Net (156.0) 236.5 (681.7)
Fuel, Materials and Supplies 171.6 (504.0) (313.9)
Accounts Payable 85.1 (253.2) 489.2
Accrued Taxes, Net 240.2 22.5 105.4
Other Current Assets (13.2) (43.9) 109.0
Other Current Liabilities 182.6 (161.4) 54.3
Net Cash Flows from Operating Activities 6,804.3 5,012.2 5,288.0
INVESTING ACTIVITIES      
Construction Expenditures (7,630.7) (7,378.3) (6,671.7)
Purchases of Investment Securities (2,922.5) (2,863.6) (2,784.2)
Sales of Investment Securities 2,878.0 2,795.1 2,743.8
Acquisitions of Nuclear Fuel (139.9) (128.2) (100.7)
Acquisitions of Renewable Energy Facilities (399.5) (155.2) (1,207.3)
Proceeds from Sales of Assets 362.2 1,341.4 218.0
Proceeds from Sale of Equity Method Investment 114.0 0.0 0.0
Other Investing Activities 141.9 122.1 50.3
Net Cash Flows Used for Investing Activities (7,596.5) (6,266.7) (7,751.8)
FINANCING ACTIVITIES      
Issuance of Common Stock, Net 552.1 999.6 826.5
Issuance of Long-term Debt 5,117.0 5,462.8 4,649.7
Issuance of Short-term Debt with Original Maturities greater than 90 Days 723.8 1,069.9 833.9
Change in Short-term Debt with Original Maturities less than 90 Day, Net (159.1) (1,223.1) 1,650.4
Retirement of Long-term Debt (2,685.0) (2,196.1) (2,345.4)
Redemption of Short-term Debt with Original Maturities greater than 90 Days (871.1) (1,128.8) (986.1)
Principal Payments for Finance Lease Obligations (64.8) (68.3) (309.5)
Dividends Paid on Common Stock (1,903.9) (1,760.4) (1,645.2)
Other Financing Activities (49.8) (78.6) (105.4)
Net Cash Flows from Financing Activities 659.2 1,077.0 2,568.9
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (133.0) (177.5) 105.1
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 379.0 556.5 451.4
Cash, Cash Equivalents and Restricted Cash at End of Period $ 246.0 $ 379.0 $ 556.5