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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 1,736 $ 1,597 $ 1,473
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 2,436 2,143 1,959
Nuclear fuel amortization 118 114 123
Deferred income taxes 140 79 8
Allowance for equity funds used during construction (75) (73) (115)
Earnings from equity method investments (36) (62) (40)
Dividends from equity method investments 37 42 42
Provision for bad debts 73 60 60
Share-based compensation expense 20 31 73
Changes in operating assets and liabilities:      
Accounts receivable (429) (164) (154)
Accrued unbilled revenues (243) (149) (3)
Inventories (203) (126) (80)
Other current assets (58) (34) (45)
Accounts payable 195 138 (33)
Net regulatory assets and liabilities 570 (973) (144)
Other current liabilities 102 (1) 29
Pension and other employee benefit obligations (49) (135) (125)
Other, net (122) (140) (164)
Net Cash Provided by (Used in) Operating Activities, Total 3,932 2,189 2,848
Investing activities      
Capital/construction expenditures (4,638) (4,244) (5,369)
Sale of MEC 0 0 684
Purchase of investment securities (1,332) (757) (1,398)
Proceeds from the sale of investment securities 1,297 743 1,378
Other, net 20 (29) (35)
Net Cash Provided by (Used in) Investing Activities, Total (4,653) (4,287) (4,740)
Financing activities      
(Repayments of) proceeds from short-term borrowings, net (192) 421 (11)
Proceeds from Issuance of Long-term Debt 2,164 2,710 2,940
Repayments of long-term debt (601) (417) (1,001)
Proceeds from Issuance of Common Stock 322 366 727
Payments of Dividends (1,012) (935) (856)
Proceeds from (Payments for) Other Financing Activities (15) (10) (26)
Net Cash Provided by (Used in) Financing Activities, Total 666 2,135 1,773
Net change in cash and cash equivalents (55) 37 (119)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 166 129 248
Cash and Cash Equivalents, at Carrying Value, Ending Balance 111 166 129
Supplemental disclosure of cash flow information:      
Interest Paid, Excluding Capitalized Interest, Operating Activities (887) (788) (758)
Income Taxes Paid, Net (15) (4) 12
Other Noncash Investing and Financing Items [Abstract]      
Capital Expenditures Incurred but Not yet Paid 626 501 400
Inventory transfers to plant, property and equipment 78 87 275
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 141 8 369
Allowance for equity funds used during construction 75 73 115
Stock Issued $ 57 $ 60 $ 67