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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 $ 1,083 $ 903 $ 1,371
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,468 1,459 1,443
Nuclear fuel amortization 42 58 37
Allowance for equity funds used during construction (29) (27) (25)
Deferred income taxes 44 (32) 407
Equity (earnings) losses of equity method investees 14 (97) (132)
Dividends from equity method investees 4 79 142
Loss on extinguishment of debt 0 393 6
Asset (gains) losses and impairments, net (5) 50 47
Changes in assets and liabilities:      
Accounts receivable, net (352) (146) 111
Inventories (98) (153) 45
Prepaid postretirement benefit costs 107 (117) (107)
Accounts payable 109 308 0
Accrued pension liability 39 (458) (11)
Accrued postretirement liability (71) (49) 22
Derivative assets and liabilities 65 187 (23)
Regulatory assets and liabilities (766) 862 104
Other current and noncurrent assets and liabilities 323 (153) 260
Net cash from operating activities 1,977 3,067 3,697
Investing Activities      
Plant and equipment expenditures — utility (3,311) (3,633) (3,241)
Plant and equipment expenditures — non-utility (67) (139) (616)
Acquisitions related to business combinations, net of cash acquired 0 0 (126)
Proceeds from sale of assets 24 3 13
Proceeds from sale of nuclear decommissioning trust fund assets 879 1,047 2,350
Investment in nuclear decommissioning trust funds (878) (1,046) (2,350)
Distributions from equity method investees 16 18 24
Contributions to equity method investees (13) (8) (37)
Notes receivable (30) (74) (85)
Other (51) (31) (2)
Net cash used for investing activities (3,431) (3,863) (4,070)
Financing Activities      
Issuance of long-term debt, net of discount and issuance costs 2,171 4,457 3,692
Redemption of long-term debt (1,587) (3,522) (882)
Short-term borrowings, net 404 720  
Short-term borrowings, net     (790)
Issuance of common stock 1,300 0 2
Repurchase of common stock (55) (66) 0
Dividends paid on common stock (685) (791) (760)
Contributions from noncontrolling interests 3 44 36
Distributions to noncontrolling interests (7) (45) (39)
Acquisition related deferred payment, excluding accretion 0 0 (380)
Prepayment costs for extinguishment of long-term debt 0 (361) 0
Transfer of cash to DT Midstream at separation 0 (37) 0
Other (82) (84) (83)
Net cash from financing activities 1,462 315 796
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 8 (481) 423
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 35 516 93
Cash, Cash Equivalents, and Restricted Cash at End of Period 43 35 516
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 638 671 679
Cash paid (received) for: Income taxes [1] (3) (3) (360)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 435 353 266
Separation of DT Midstream net assets, excluding cash transferred $ 0 $ 3,973 $ 0
[1] 2020 cash received primarily relates to AMT credit and other refunds, of which a portion was accelerated due to the CARES Act