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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net Income $ 903 $ 802
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 907 833
Deferred Income Taxes 188 165
Asset Impairments and Other Related Charges 31 0
Allowance for Equity Funds Used During Construction (70) (57)
Mark-to-Market of Risk Management Contracts 100 (15)
Property Taxes (108) (88)
Deferred Fuel Over/Under-Recovery, Net (122) (75)
Change in Other Noncurrent Assets (351) (131)
Change in Other Noncurrent Liabilities 433 142
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (36) (2)
Fuel, Materials and Supplies (39) 139
Accounts Payable 108 6
Accrued Taxes, Net (244) (153)
Other Current Assets (115) (23)
Other Current Liabilities (66) (93)
Net Cash Flows from Operating Activities 1,519 1,450
INVESTING ACTIVITIES    
Construction Expenditures (2,830) (2,100)
Purchases of Investment Securities (575) (603)
Sales of Investment Securities 555 587
Acquisitions of Generation Facilities (965) 0
Acquisitions of Nuclear Fuel (13) (36)
Contribution in Aid of Construction Advances 260 55
Other Investing Activities (1) (5)
Net Cash Flows Used for Investing Activities (3,569) (2,102)
FINANCING ACTIVITIES    
Capital Contribution from Noncontrolling Interest 96 0
Issuance of Common Stock 358 75
Issuance of Long-term Debt 2,906 562
Issuance of Short-term Debt with Original Maturities greater than 90 Days 0 320
Change in Short-term Debt with Original Maturities less than 90 Days, Net 47 752
Retirement of Long-term Debt (678) (229)
Redemption of Short-term Debt with Original Maturities Greater than 90 Days 0 (250)
Principal Payments for Finance Lease Obligations (24) (13)
Dividends Paid on Common Stock (520) (500)
Dividends Paid to Noncontrolling Interest (35) (1)
Other Financing Activities (29) (18)
Net Cash Flows from (Used for) Financing Activities 2,121 698
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 71 46
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 268 246
Cash, Cash Equivalents and Restricted Cash at End of Period $ 339 $ 292