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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 118 $ 92
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 105 106
Deferred income taxes and investment tax credits 39 22
Allowance for equity funds used during construction (8) (10)
Deferred recovery clauses (49) (3)
Receivables, less allowance for credit losses (5) (3)
Inventories (8) 3
Taxes accrued 11 15
Interest accrued 21 32
Accounts payable (84) (62)
Regulatory assets and liabilities 5 0
Other (3) (12)
Cash flows from operating activities 142 180
Cash flows used in investing activities    
Capital expenditures (301) (270)
Net proceeds from sale of assets 3 0
Cash flows used in investing activities (298) (270)
Cash flows from financing activities    
Equity contributions from Parent 175 155
Proceeds from long-term debt issuance 0 792
Net increase (decrease) in short-term debt (maturities of 90 days or less) 68 (465)
Repayment of other short-term debt (maturities over 90 days) 0 (300)
Dividends to Parent (85) (88)
Cash flows from financing activities 158 94
Net increase in cash and cash equivalents 2 4
Cash and cash equivalents at beginning of period 18 10
Cash and cash equivalents at end of period 20 14
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ (20) $ (12)