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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 432 $ 362
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 322 322
Deferred income taxes and investment tax credits 105 35
Allowance for equity funds used during construction (25) (32)
Deferred recovery clauses (327) (21)
Receivables, less allowance for credit losses (104) (88)
Inventories (23) (7)
Prepayments and other deposits (12) (16)
Taxes accrued 64 47
Interest accrued 29 27
Accounts payable 77 (1)
Regulatory assets and liabilities (56) 0
Other (18) 0
Cash flows from operating activities 464 628
Cash flows used in investing activities    
Capital expenditures (979) (943)
Net proceeds from sale of assets 10 0
Cash flows used in investing activities (969) (943)
Cash flows from financing activities    
Equity contributions from Parent 470 440
Proceeds from long-term debt issuance 595 790
Repayment of long-term debt (250) (278)
Net increase (decrease) in short-term debt (maturities of 90 days or less) 105 (15)
Repayment of other short-term debt (maturities over 90 days) 0 (300)
Dividends to Parent (348) (302)
Cash flows from financing activities 572 335
Net increase in cash and cash equivalents 67 20
Cash and cash equivalents at beginning of period 18 10
Cash and cash equivalents at end of period 85 30
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ (20) $ (6)