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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 561 $ 774
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 1,454 1,371
Equity allowance for funds used during construction (96) (75)
Deferred income taxes (52) 63
Wildfire Insurance Fund amortization expense 73 105
Other 21 30
Nuclear decommissioning trusts (41) (60)
Changes in operating assets and liabilities:    
Receivables (66) (46)
Inventory (10) (44)
Accounts payable 101 (415)
Other current assets and liabilities (444) (107)
Derivative assets and liabilities, net (25) (151)
Regulatory assets and liabilities, net (106) (366)
Wildfire-related claims (148) (428)
Other noncurrent assets and liabilities 150 61
Net cash provided by operating activities 1,372 712
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs 4,216 4,133
Long-term debt repaid (1,725) (1,466)
Short-term debt issued   675
Short-term debt repaid (396) (1,730)
Common stock issued 12 13
Preference stock issued, net of issuance cost 345  
Preferred or preference stock repurchased or redeemed (378)  
Commercial paper borrowing, net of repayments 114 198
Dividends and distribution to noncontrolling interests (88) (58)
Common stock dividends paid (595) (555)
Preferred stock dividends paid (45) (52)
Other 105 61
Net cash provided by financing activities 1,565 1,219
Cash flows from investing activities:    
Capital expenditures (2,700) (2,711)
Proceeds from sale of nuclear decommissioning trust investments 2,477 1,967
Purchases of nuclear decommissioning trust investments (2,455) (1,907)
Other 8 1
Net cash used in investing activities (2,670) (2,650)
Net increase (decrease) in cash, cash equivalents and restricted cash 267 (719)
Cash, cash equivalents and restricted cash at beginning of period 532 917
Cash, cash equivalents and restricted cash at end of period 799 198
SCE    
Cash flows from operating activities:    
Net income 678 848
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 1,451 1,360
Equity allowance for funds used during construction (96) (75)
Deferred income taxes (3) 96
Wildfire Insurance Fund amortization expense 73 105
Other 9 17
Nuclear decommissioning trusts (41) (60)
Changes in operating assets and liabilities:    
Receivables (84) (39)
Inventory (10) (44)
Accounts payable 115 (415)
Other current assets and liabilities (442) (54)
Derivative assets and liabilities, net (25) (151)
Regulatory assets and liabilities, net (106) (366)
Wildfire-related claims (148) (428)
Other noncurrent assets and liabilities 159 68
Net cash provided by operating activities 1,530 862
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs 3,719 3,044
Long-term debt repaid (1,725) (1,066)
Short-term debt issued   320
Short-term debt repaid (381) (730)
Preference stock issued, net of issuance cost 345 0
Preferred or preference stock repurchased or redeemed (350) 0
Commercial paper borrowing, net of repayments 342 262
Common stock dividends paid (720) (700)
Preferred stock dividends paid (88) (58)
Other (7) 18
Net cash provided by financing activities 1,135 1,090
Cash flows from investing activities:    
Capital expenditures (2,698) (2,710)
Proceeds from sale of nuclear decommissioning trust investments 2,477 1,967
Purchases of nuclear decommissioning trust investments (2,455) (1,907)
Other 9 0
Net cash used in investing activities (2,667) (2,650)
Net increase (decrease) in cash, cash equivalents and restricted cash (2) (698)
Cash, cash equivalents and restricted cash at beginning of period 398 766
Cash, cash equivalents and restricted cash at end of period $ 396 $ 68