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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 92 $ 77
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 106 97
Deferred income taxes and investment tax credits 22 31
Allowance for equity funds used during construction (10) (6)
Deferred recovery clauses (3) 38
Receivables, less allowance for credit losses (3) (7)
Inventories 3 9
Taxes accrued 15 1
Interest accrued 32 31
Accounts payable (62) (52)
Regulatory assets and liabilities 0 (12)
Other (12) (15)
Cash flows from operating activities 180 192
Cash flows used in investing activities    
Capital expenditures (270) (324)
Net proceeds from sale of assets 0 6
Cash flows used in investing activities (270) (318)
Cash flows from financing activities    
Equity contributions from Parent 155 145
Proceeds from long-term debt issuance 792 0
Net increase (decrease) in short-term debt (maturities of 90 days or less) (465) (244)
Proceeds from other short-term debt (maturities over 90 days) 0 300
Repayment of other short-term debt (maturities over 90 days) (300) 0
Dividends to Parent (88) (73)
Cash flows from financing activities 94 128
Net increase in cash and cash equivalents 4 2
Cash and cash equivalents at beginning of period 10 14
Cash and cash equivalents at end of period 14 16
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ (12) $ (2)