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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income $ 284 $ 353
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 191 187
Deferred income taxes 8 (8)
Provision for uncollectible accounts 10 20
Changes in current assets and liabilities:    
Accounts receivable (7) (30)
Accounts payable (61) (23)
Accrued income and other taxes 22 23
Other current assets and liabilities, net (4) (39)
Changes in other assets and liabilities, net 12 7
Changes in affiliate obligations, net (12) (14)
Other, net 10 (5)
Net cash provided by operating activities 453 471
INVESTING ACTIVITIES    
Capital expenditures (203) (277)
Changes in advances to affiliates 658 0
Net increase in note receivable - affiliates (900) 0
Proceeds from sale of property, plant and equipment and other assets 6 3
Net cash used in investing activities (439) (274)
FINANCING ACTIVITIES    
Changes in advances from affiliates 0 (193)
Net cash used in financing activities 0 (193)
Net increase in cash, cash equivalents and restricted cash 14 4
Cash, cash equivalents and restricted cash at beginning of period 28 12
Cash, cash equivalents and restricted cash at end of period 42 16
Supplemental cash flow information:    
Income taxes paid, net (84) (126)
Interest paid, including affiliate interest (net of capitalized interest of $10 and $19) (25) (21)
Supplemental noncash information regarding financing activities:    
Repayment of long-term debt in exchange for reductions of advances from affiliates 0 215
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 40 14
Restricted cash included in Other assets, net 2 2
Total $ 42 $ 16