XML 23 R10.htm IDEA: XBRL DOCUMENT v3.23.3Close
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income including noncontrolling interests $ 1,759 $ 1,036
Net Income (Loss) 1,759 1,036
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 2,360 2,334
Deferred income taxes and investment tax credits 1,379 269
Impairment of assets and other charges 169 394
Losses (gains) on sales of assets and equity method investments including Cove Point (657) 601
Net (gains) losses on nuclear decommissioning trust funds and other investments (228) 658
Other adjustments 106 (85)
Changes in:    
Accounts receivable 516 (56)
Inventories (148) (206)
Deferred fuel and purchased gas costs, net 635 (1,525)
Prepayments 45 (103)
Accounts payable (812) (54)
Accrued interest, payroll and taxes 208 28
Margin deposit assets and liabilities 318 (152)
Net realized and unrealized changes related to derivative activities 180 114
Pension and other postretirement benefits (357) (344)
Other operating assets and liabilities (287) (238)
Net cash provided by operating activities 5,186 2,671 Close
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (7,166) (5,251)
Acquisition of solar development projects (14) (139)
Proceeds from sale of noncontrolling interest in Cove Point 3,293  
Proceeds from sale of Hope   722
Proceeds from sales of securities 2,007 2,686
Purchases of securities (2,182) (2,479)
Proceeds from sale of assets and equity method investments 32 146
Contributions to equity method affiliates (79) (34)
Short-term deposit   (2,000)
Return of short-term deposit   2,000
Other 18 (170)
Net cash used in investing activities (4,091) (4,519) Close
Financing Activities    
Issuance of short-term debt, net 362 629
364-day term loan facility borrowings 3,475  
Repayment of 364-day term loan facility borrowings (750)  
Issuance and remarketing of long-term debt 2,660 3,588
Repayment and repurchase of long-term debt (5,673) (1,213)
Supplemental credit facility borrowings 900 900
Repayment of supplemental credit facility borrowings (450) (450)
Series A Preferred Stock redemption   (1,610)
Issuance of common stock 91 1,744
Common dividend payments (1,674) (1,653)
Other (130) (155)
Net cash provided by (used in) financing activities (1,189) 1,780 Close
Increase (decrease) in cash, restricted cash and equivalents (94) (68) Close
Cash, restricted cash and equivalents at beginning of period 341 408
Cash, restricted cash and equivalents at end of period 247 340
Virginia Electric and Power Company    
Operating Activities    
Net Income (Loss) 1,158 975
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 1,486 1,428
Deferred income taxes and investment tax credits 449 183
Impairment of assets and other charges 44 403
Net (gains) losses on nuclear decommissioning trust funds and other investments (31) 89
Other adjustments 15 (46)
Changes in:    
Accounts receivable (41) (351)
Affiliated receivables and payables (225) 1
Inventories (98) (34)
Deferred fuel and purchased gas costs, net 487 (1,207)
Prepayments (32) (4)
Accounts payable (80) 90
Accrued interest, payroll and taxes 168 134
Margin deposit assets and liabilities 286 (331)
Net realized and unrealized changes related to derivative activities 541 88
Other operating assets and liabilities (87) (24)
Net cash provided by operating activities 4,040 1,394
Investing Activities    
Plant construction and other property additions (4,871) (3,322)
Purchases of nuclear fuel (128) (169)
Acquisition of solar development projects (14) (51)
Proceeds from sales of securities 1,254 1,289
Purchases of securities (1,363) (1,334)
Other 34 (10)
Net cash used in investing activities (5,088) (3,597)
Financing Activities    
Issuance of short-term debt, net 1 264
Issuance (repayment) of affiliated current borrowings, net (230) 85
Issuance and remarketing of long-term debt 2,660 2,338
Repayment and repurchase of long-term debt (1,308) (438)
Other (62) (52)
Net cash provided by (used in) financing activities 1,061 2,197
Increase (decrease) in cash, restricted cash and equivalents 13 (6)
Cash, restricted cash and equivalents at beginning of period 24 26
Cash, restricted cash and equivalents at end of period $ 37 $ 20