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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 406 $ 77
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of assets and other charges 4 320
Deferred income taxes, net 201 42
Depreciation and amortization 378 362
Amortization of nuclear fuel 29 30
Other adjustments (34) 8
Changes in certain assets and liabilities:    
Receivables (23) 35
Receivables - affiliated and related party 14 (31)
Inventories (59) (10)
Prepayments (14) (33)
Regulatory assets (356) (86)
Regulatory liabilities (35) (133)
Accounts payable (5) 34
Accounts payable - affiliated and related party 56 (65)
Taxes accrued (37) (42)
Interest accrued (5) 0
Pension and other postretirement benefits (4) 5
Other assets and liabilities (192) 24
Net cash provided by operating activities 324 537
Investing Activities    
Property additions and construction expenditures (514) (584)
Net proceeds from investments and sales or disposals of assets (7) 7
Purchase of investments (1) (7)
Purchase of investments - affiliated 0 (2)
Short-term investments - affiliated 0 15
Other 12 1
Net cash used in investing activities (510) (570)
Financing Activities    
Repayment of long-term debt 0 (34)
Dividend to parent (348) (180)
Short-term borrowings, net 250 0
Short-term borrowings - affiliated, net 239 268
Other (3) (4)
Net cash provided by financing activities 138 50
Net increase (decrease) in cash, restricted cash and equivalents (48) 17
Cash, restricted cash and equivalents at beginning of period [1] 54 5
Cash, restricted cash and equivalents at end of period [1] 6 22
Significant noncash investing and financing activities:    
Accrued construction expenditures [2] 106 38
Operating leases [2] $ 6 $ 0
[1]

Includes $24 million of restricted cash at December 31, 2021, recorded within other current assets on the Consolidated Balance Sheets. At September 30, 2022, September 30, 2021 and December 31, 2020 there were no restricted cash and equivalent balances.

[2]

See Note 10 for noncash investing activities related to the transfer of property associated with the settlement of litigation and Note 4 for noncash financing activities related to capital contributions associated with the settlement of litigation.