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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net income $ 852 $ 1,020
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 400 423
Deferred income taxes (17) (3)
Provision for uncollectible accounts 28 16
Accrued interest on affiliate note 0 28
Changes in current assets and liabilities:    
Accounts receivable (70) (12)
Accounts payable 31 (16)
Accrued income and other taxes 3 (3)
Other current assets and liabilities, net (48) (65)
Changes in other noncurrent assets and liabilities, net 33 (9)
Changes in affiliate obligations, net (30) (26)
Other, net 4 5
Net cash provided by operating activities 1,186 1,358
INVESTING ACTIVITIES    
Capital expenditures (459) (350)
Changes in advances to affiliates (730) (993)
Proceeds from sale of property, plant and equipment and other assets 2 42
Net cash used in investing activities (1,187) (1,301)
FINANCING ACTIVITIES    
Payments of long-term debt (2) 0
Changes in advances from affiliates 0 (55)
Net cash used in financing activities (2) (55)
Net (decrease) increase in cash, cash equivalents and restricted cash (3) 2
Cash, cash equivalents and restricted cash at beginning of period 10 4
Cash, cash equivalents and restricted cash at end of period 7 6
Supplemental cash flow information:    
Income taxes paid, net (302) (343)
Interest paid, including affiliate interest (net of capitalized interest of $22 and $13) (53) (56)
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 5 5
Restricted cash - noncurrent 2 1
Total $ 7 $ 6