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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 335 $ 297
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 286 281
Deferred income taxes and investment tax credits 50 17
Allowance for equity funds used during construction (21) (7)
Deferred recovery clauses (16) 37
Receivables, less allowance for credit losses (46) (15)
Taxes accrued 69 59
Interest accrued 32 28
Accounts payable (18) (18)
Regulatory assets and liabilities (14) 0
Other (10) (33)
Cash flows from operating activities 647 646
Cash flows used in investing activities    
Capital expenditures (971) (844)
Net proceeds from sale of assets 6 0
Cash flows used in investing activities (965) (844)
Cash flows from financing activities    
Equity contributions from Parent 400 245
Proceeds from long-term debt issuance 0 293
Net increase (decrease) in short-term debt (maturities of 90 days or less) (113) (85)
Proceeds from other short-term debt (maturities over 90 days) 300 0
Dividends to Parent (266) (247)
Cash flows from financing activities 321 206
Net decrease in cash and cash equivalents 3 8
Cash and cash equivalents at beginning of period 14 15
Cash and cash equivalents at end of period 17 23
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ 0 $ 5