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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 263 $ 213
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 212 213
Deferred income taxes and investment tax credits 64 27
Allowance for equity funds used during construction (17) (20)
Deferred recovery clauses (145) (10)
Receivables, less allowance for credit losses (87) (43)
Inventories (19) (2)
Prepayments and other deposits (1) (11)
Taxes accrued 18 20
Accounts payable (7) (45)
Regulatory assets and liabilities 12 (2)
Other 1 6
Cash flows from operating activities 294 346
Cash flows used in investing activities    
Capital expenditures (607) (588)
Net proceeds from sale of assets 3 0
Cash flows used in investing activities (604) (588)
Cash flows from financing activities    
Equity contributions from Parent 280 290
Proceeds from long-term debt issuance 0 790
Repayment of long-term debt 0 (278)
Net increase (decrease) in short-term debt (maturities of 90 days or less) 225 (65)
Repayment of other short-term debt (maturities over 90 days) 0 (300)
Dividends to Parent (202) (181)
Cash flows from financing activities 303 256
Net increase in cash and cash equivalents (7) 14
Cash and cash equivalents at beginning of period 18 10
Cash and cash equivalents at end of period 11 24
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures (22) (20)
Reclassification of short-term debt from current to long-term $ 470 $ 0