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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from or used in operating activities      
Net income $ 540 $ 446 $ 424
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 436 430 384
Deferred income taxes and investment tax credits 137 28 54
Allowance for equity funds used during construction (35) (45) (30)
Deferred recovery clauses (422) (58) (40)
Receivables, less allowance for credit losses (45) (32) (10)
Inventories (41) (8) 7
Taxes accrued (23) (13) 23
Accounts payable 75 53 34
Regulatory assets and liabilities (100) (10) (18)
Other (11) 6 1
Cash flows from operating activities 511 797 829
Cash flows from or used in investing activities      
Capital expenditures (1,427) (1,397) (1,361)
Net proceeds from sale of assets 10 0 6
Cash flows used in investing activities (1,417) (1,397) (1,355)
Cash flows from or used in financing activities      
Equity contributions from Parent 605 580 505
Proceeds from long-term debt issuance 595 790 0
Repayment of long-term debt (250) (279) 0
Net change in short-term debt (maturities of 90 days or less) 374 (230) 127
Proceeds from other short-term debt (maturities over 90 days) 400 500 300
Repayment of other short-term debt (maturities over 90 days) (500) (300) 0
Dividends to Parent (517) (450) (408)
Advances from Parent 195 0 0
Other financing activities (0) (3) (2)
Cash flows from financing activities 902 608 522
Net increase (decrease) in cash and cash equivalents (4) 8 (4)
Cash and cash equivalents at beginning of the year 18 10 14
Cash and cash equivalents at end of the year 14 18 10
Supplemental disclosure of cash paid (received):      
Interest 152 120 126
Income taxes 2 62 14
Supplemental disclosure of non-cash activities      
Change in accrued capital expenditures $ (6) $ 25 $ 1