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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 673 $ 582
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,043 942
Nuclear fuel amortization 56 65
Deferred income taxes (67) 0
Allowance for equity funds used during construction (32) (61)
Earnings from equity method investments (34) (17)
Dividends from equity method investments 21 21
Provision for bad debts 27 26
Share-based compensation expense 21 41
Changes in operating assets and liabilities:    
Accounts receivable (63) 19
Accrued unbilled revenues 14 97
Inventories 7 15
Other current assets 24 7
Accounts payable (15) (160)
Net regulatory assets and liabilities (794) 12
Other current liabilities (265) (241)
Pension and other employee benefit obligations (128) (146)
Other, net 1 (54)
Net cash provided by operating activities 489 1,148
Investing activities    
Capital/construction expenditures (1,967) (2,569)
Purchase of investment securities (628) (1,160)
Proceeds from the sale of investment securities 410 1,150
Other, net (17) (1)
Net cash used in investing activities (2,202) (2,580)
Financing activities    
Proceeds from short-term borrowings, net 1,161 815
Proceeds from issuances of long-term debt 1,821 2,447
Repayments of long-term debt, including reacquisition premiums (399) 0
Dividends paid (460) (421)
Other, net (1) (23)
Net cash provided by financing activities 2,122 2,818
Net change in cash, cash equivalents and restricted cash 409 1,386
Cash, cash equivalents and restricted cash at beginning of period 129 248
Cash, cash equivalents and restricted cash at end of period (a) 538 1,634
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (390) (364)
Cash paid for income taxes, net (5) (10)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 509 436
Inventory transfers to property, plant and equipment 43 194
Operating lease right-of-use assets 1 8
Allowance for equity funds used during construction 32 61
Issuance of common stock for equity awards $ 35 $ 35