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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
$ in Millions
6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Operating activities    
Net income $ 582 $ 553
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 942 881
Nuclear fuel amortization 65 58
Deferred income taxes 0 47
Allowance for equity funds used during construction (61) (40)
Equity earnings of unconsolidated subsidiaries (17) (19)
Dividends from unconsolidated subsidiaries 21 20
Provision for Bad Debts 26 17
Share-based compensation expense 41 35
Changes in operating assets and liabilities:    
Accounts receivable 19 105
Accrued unbilled revenues 97 115
Inventories 15 25
Other current assets 7 19
Accounts payable (160) (157)
Net regulatory assets and liabilities 12 25
Other current liabilities (241) (195)
Pension and other employee benefit obligations (146) (139)
Other, net (54) (16)
Net cash provided by operating activities 1,148 1,334
Investing activities    
Capital/construction expenditures (2,569) (1,689)
Purchases of investment securities (1,160) (488)
Proceeds from the sale of investment securities 1,150 478
Other, net (1) (9)
Net cash used in investing activities (2,580) (1,708)
Financing activities    
Proceeds from short-term borrowings, net 815 559
Proceeds from issuances of long-term debt 2,447 819
Repayments of long-term debt, including reacquisition premiums 0 (400)
Dividends paid (421) (387)
Other, net (23) (11)
Net cash provided by financing activities 2,818 580
Net change in cash, cash equivalents and restricted cash 1,386 206
Cash, cash equivalents and restricted cash at beginning of period 248 147
Cash, cash equivalents and restricted cash at end of period (a) 1,634 [1] 353
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (364) (344)
Cash (paid) received for income taxes, net (10) 54
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 436 304
Inventory transfers to property, plant and equipment 194 40
Operating lease right-of-use assets 8 1,843
Allowance for equity funds used during construction 61 40
Issuance of common stock for equity awards 35 $ 32
MEC Holdings LLC [Member]    
Supplemental disclosure of non-cash investing and financing transactions:    
Restricted Cash 9  
Restricted Cash $ 9  
[1] (a) As of June 30, 2020, $9 million of cash was recorded in Prepayments and other current assets related to MEC.