XML 20 R10.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income including noncontrolling interests $ 692 $ 441
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 660 694
Deferred income taxes 82 (237)
Deferred investment tax benefits (10) (10)
Impairment of assets and other charges 46 109
Loss from East Ohio, Questar Gas and PSNC Transactions 0 96
Net (gains) losses on nuclear decommissioning trust funds and other investments 116 (294)
Other adjustments (7) 59
Changes in:    
Accounts receivable 137 133
Inventories 2 16
Prepayments and deposits, net (14) 42
Deferred fuel and purchased gas costs, net (368) 495
Accounts payable (41) (126)
Accrued interest, payroll and taxes (148) 153
Net realized and unrealized changes related to derivative activities 123 257
Pension and other postretirement benefits (70) 201
Other operating assets and liabilities (17) (47)
Net cash provided by operating activities 1,183 1,982
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (3,213) (2,769)
Acquisition of solar development projects (1) (161)
Proceeds from East Ohio, Questar Gas and PSNC Transactions 0 4,275
Proceeds from sales of securities 931 695
Purchases of securities (955) (757)
Contributions to equity method affiliates (3) (7)
Distributions from equity method affiliates 0 126
Other 3 (17)
Net cash provided by (used in) investing activities (3,238) 1,385
Financing Activities    
Repayment of short-term debt, net (416) (330)
364-day term loan facility borrowings 0 3,000
Repayment of 364-day term loan facility borrowings 0 (6,774)
Issuance of long-term debt 3,200 1,000
Repayment and repurchase of long-term debt (400) (942)
Issuance of securitization bonds 0 1,282
Contributions from Stonepeak to OSWP 400 0
Distributions from OSWP to Stonepeak (28) 0
Issuance of common stock 35 31
Common dividend payments (569) (559)
Other (55) (40)
Net cash provided by (used in) financing activities 2,167 (3,332)
Increase in cash, restricted cash and equivalents 112 35
Cash, restricted cash and equivalents at beginning of period 365 301
Cash, restricted cash and equivalents at end of period 477 336
Virginia Electric and Power Company    
Operating Activities    
Net income including noncontrolling interests 528 465
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 439 486
Deferred income taxes 75 284
Deferred investment tax benefits (6) (6)
Impairment of assets and other charges 46 (17)
Net (gains) losses on nuclear decommissioning trust funds and other investments 11 (39)
Other adjustments (26) (3)
Changes in:    
Accounts receivable 66 109
Affiliated receivables and payables 24 (177)
Inventories 13 (13)
Prepayments and deposits, net 1 34
Deferred fuel and purchased gas costs, net (323) 131
Accounts payable 39 (64)
Accrued interest, payroll and taxes 87 121
Net realized and unrealized changes related to derivative activities 121 107
Other operating assets and liabilities 47 57
Net cash provided by operating activities 1,142 1,475
Investing Activities    
Plant construction and other property additions (2,669) (2,058)
Purchases of nuclear fuel (54) (44)
Acquisition of solar development projects (1) 0
Proceeds from sales of securities 568 471
Purchases of securities (588) (516)
Other 16 2
Net cash provided by (used in) investing activities (2,728) (2,145)
Financing Activities    
Repayment of short-term debt, net (706) (455)
Issuance (repayment) of affiliated current borrowings, net 1,175 (499)
Issuance of long-term debt 1,250 1,000
Repayment and repurchase of long-term debt 0 (350)
Issuance of securitization bonds 0 1,282
Contributions from Stonepeak to OSWP 400 0
Distributions from OSWP to Stonepeak (28) 0
Common dividend payments (407) (250)
Other (10) (23)
Net cash provided by (used in) financing activities 1,674 705
Increase in cash, restricted cash and equivalents 88 35
Cash, restricted cash and equivalents at beginning of period 206 90
Cash, restricted cash and equivalents at end of period $ 294 $ 125