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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 1,138 $ 986
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 2,183 2,034
Equity allowance for funds used during construction (143) (116)
Deferred income taxes (42) 53
Wildfire Insurance Fund amortization expense 109 159
Other 43 32
Nuclear decommissioning trusts (118) (94)
Changes in operating assets and liabilities:    
Receivables (847) (692)
Inventory (9) (40)
Accounts payable 336 (186)
Tax receivables and payables 198 127
Other current assets and liabilities (492) (214)
Derivative assets and liabilities, net (2) (139)
Regulatory assets and liabilities, net 1,557 705
Wildfire-related insurance receivable 115 (84)
Wildfire-related claims (304) (75)
Other noncurrent assets and liabilities 122 90
Net cash provided by operating activities 3,844 2,546
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs 4,713 4,678
Long-term debt repaid (2,176) (1,867)
Short-term debt issued   851
Short-term debt repaid (401) (1,944)
Common stock issued 12 16
Preference stock issued, net of issuance cost 345  
Preferred and preference stock repurchased or redeemed (378)  
Commercial paper (repayments) borrowing, net (817) 74
Dividends and distribution to noncontrolling interests (130) (87)
Common stock dividends paid (896) (833)
Preferred stock dividends paid (88) (105)
Other 180 97
Net cash provided by financing activities 364 880
Cash flows from investing activities:    
Capital expenditures (4,211) (3,991)
Proceeds from sale of nuclear decommissioning trust investments 3,558 3,223
Purchases of nuclear decommissioning trust investments (3,488) (3,129)
Other 44 3
Net cash used in investing activities (4,097) (3,894)
Net increase (decrease) in cash, cash equivalents and restricted cash 111 (468)
Cash, cash equivalents and restricted cash at beginning of period 532 917
Cash, cash equivalents and restricted cash at end of period 643 449
SCE    
Cash flows from operating activities:    
Net income 1,319 1,117
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 2,177 2,022
Equity allowance for funds used during construction (143) (116)
Deferred income taxes 4 94
Wildfire Insurance Fund amortization expense 109 159
Other 26 14
Nuclear decommissioning trusts (118) (94)
Changes in operating assets and liabilities:    
Receivables (868) (679)
Inventory (9) (40)
Accounts payable 359 (178)
Tax receivables and payables 227 127
Other current assets and liabilities (541) (211)
Derivative assets and liabilities, net (2) (139)
Regulatory assets and liabilities, net 1,557 705
Wildfire-related insurance receivable 113 (87)
Wildfire-related claims (304) (75)
Other noncurrent assets and liabilities 131 114
Net cash provided by operating activities 4,037 2,733
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs 4,217 3,589
Long-term debt repaid (2,176) (1,467)
Short-term debt issued   496
Short-term debt repaid (386) (944)
Preference stock issued, net of issuance cost 345 0
Preferred and preference stock repurchased or redeemed (350) 0
Commercial paper (repayments) borrowing, net (609) 137
Common stock dividends paid (720) (1,050)
Preferred stock dividends paid (130) (87)
Other (3) 39
Net cash provided by financing activities 188 713
Cash flows from investing activities:    
Capital expenditures (4,208) (3,990)
Proceeds from sale of nuclear decommissioning trust investments 3,558 3,223
Purchases of nuclear decommissioning trust investments (3,488) (3,129)
Other 45 2
Net cash used in investing activities (4,093) (3,894)
Net increase (decrease) in cash, cash equivalents and restricted cash 132 (448)
Cash, cash equivalents and restricted cash at beginning of period 398 766
Cash, cash equivalents and restricted cash at end of period $ 530 $ 318