XML 161 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 1,372 $ 1,261 $ 1,148
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 1,785 1,659 1,495
Nuclear fuel amortization 119 122 114
Deferred income taxes 143 218 640
Allowance for equity funds used during construction (77) (108) (75)
Equity earnings of unconsolidated subsidiaries (39) (35) (30)
Dividends from unconsolidated subsidiaries 40 37 41
Provision for bad debts 42 42 39
Share-based compensation expense 58 45 57
Net realized and unrealized hedging and derivative transactions 45 22 2
Changes in operating assets and liabilities:      
Accounts receivable (20) (105) (60)
Accrued unbilled revenues 42 9 (34)
Inventories (84) (65) (3)
Other current assets 25 18 9
Accounts payable (12) 90 43
Net regulatory assets and liabilities (66) 223 (16)
Other current liabilities (15) (61) (38)
Pension and other employee benefit obligations (135) (179) (133)
Other, net 40 (71) (73)
Net cash provided by operating activities 3,263 3,122 3,126
Investing activities      
Utility capital/construction expenditures (4,225) (3,957) (3,244)
Purchases of investment securities (995) (853) (1,697)
Proceeds from the sale of investment securities 975 833 1,669
Other, net (98) (9) (24)
Net cash used in investing activities (4,343) (3,986) (3,296)
Financing activities      
(Repayments of) proceeds from short-term borrowings, net (443) 225 422
Proceeds from issuance of long-term debt 2,920 1,675 1,518
Repayments of long-term debt, including reacquisition premiums (949) (452) (1,030)
Proceeds from issuance of common stock 458 230 0
Dividends paid (791) (730) (721)
Other, net (14) (20) (21)
Net cash provided by financing activities 1,181 928 168
Net change in cash and cash equivalents 101 64 (2)
Cash and cash equivalents at beginning of period 147 83 85
Cash and cash equivalents at end of period 248 147 83
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (698) (633) (616)
Cash received for income taxes, net 53 27 44
Supplemental disclosure of non-cash investing and financing transactions:      
Accrued property, plant and equipment additions 421 388 464
Inventory transfers to plant, property and equipment 88 129 63
Operating lease right-of-use assets 1,843 0 0
Allowance for equity funds used during construction 77 108 75
Issuance of common stock for reinvested dividends and equity awards $ 63 $ 67 $ 31