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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 362 $ 335
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 322 286
Deferred income taxes and investment tax credits 35 50
Allowance for equity funds used during construction (32) (21)
Deferred recovery clauses (21) (16)
Receivables, less allowance for credit losses (88) (46)
Taxes accrued 47 69
Interest accrued 27 32
Accounts payable (1) (18)
Regulatory assets and liabilities 0 (14)
Other (23) (10)
Cash flows from operating activities 628 647
Cash flows used in investing activities    
Capital expenditures (943) (971)
Net proceeds from sale of assets 0 6
Cash flows used in investing activities (943) (965)
Cash flows from financing activities    
Equity contributions from Parent 440 400
Proceeds from long-term debt issuance 790 0
Repayment of long-term debt (278) 0
Net decrease in short-term debt (maturities of 90 days or less) (15) (113)
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 (302) (266)
Cash flows from financing activities 335 321
Net increase in cash and cash equivalents 20 3
Cash and cash equivalents at beginning of period 10 14
Cash and cash equivalents at end of period 30 17
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ (6) $ 0