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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net Income $ 1,397 $ 1,083 $ 903
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,606 1,468 1,459
Nuclear fuel amortization 59 42 58
Allowance for equity funds used during construction (42) (29) (27)
Deferred income taxes 181 44 (32)
Equity (earnings) losses of equity method investees (3) 14 (97)
Dividends from equity method investees 3 4 79
Loss on extinguishment of debt 0 0 393
Asset (gains) losses and impairments, net 16 (5) 50
Changes in assets and liabilities:      
Accounts receivable, net 398 (352) (146)
Inventories (110) (98) (153)
Prepaid postretirement benefit costs (62) 107 (117)
Accounts payable (306) 109 308
Accrued pension liability (28) 39 (458)
Accrued postretirement liability 14 (71) (49)
Derivative assets and liabilities (321) 65 187
Regulatory assets and liabilities 594 (766) 862
Other current and noncurrent assets and liabilities (176) 323 (153)
Net cash from operating activities 3,220 1,977 3,067
Investing Activities      
Plant and equipment expenditures — utility (3,872) (3,311) (3,633)
Plant and equipment expenditures — non-utility (62) (67) (139)
Proceeds from sale of assets 3 24 3
Proceeds from sale of nuclear decommissioning trust fund assets 681 879 1,047
Investment in nuclear decommissioning trust funds (678) (878) (1,046)
Distributions from equity method investees 25 16 18
Contributions to equity method investees (27) (13) (8)
Notes receivable (86) (30) (74)
Other (79) (51) (31)
Net cash used for investing activities (4,095) (3,431) (3,863)
Financing Activities      
Issuance of long-term debt, net of discount and issuance costs 3,167 2,171 4,457
Redemption of long-term debt (1,616) (1,587) (3,522)
Short-term borrowings, net 121 404 720
Issuance of common stock 0 1,300 0
Repurchase of common stock 0 (55) (66)
Dividends paid on common stock (752) (685) (791)
Contributions from noncontrolling interests 2 3 44
Distributions to noncontrolling interests (1) (7) (45)
Prepayment costs for extinguishment of long-term debt 0 0 (361)
Transfer of cash to DT Midstream at separation 0 0 (37)
Other (38) (82) (84)
Net cash from financing activities 883 1,462 315
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 8 8 (481)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 43 35 516
Cash, Cash Equivalents, and Restricted Cash at End of Period 51 43 35
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 751 638 671
Cash paid (received) for: Income taxes (5) (3) (3)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 490 435 353
Separation of DT Midstream net assets, excluding cash transferred $ 0 $ 0 $ 3,973