XML 36 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1Close
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 1,771 $ 1,736 $ 1,597
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 2,471 2,436 2,143
Nuclear fuel amortization 96 118 114
Deferred income taxes 59 140 79
Allowance for equity funds used during construction (91) (75) (73)
Earnings from equity method investments (35) (36) (62)
Dividends from equity method investments 35 37 42
Provision for bad debts 79 73 60
Share-based compensation expense 25 20 31
Changes in operating assets and liabilities:      
Accounts receivable (27) (429) (164)
Accrued unbilled revenues 252 (243) (149)
Inventories (98) (203) (126)
Other current assets 86 (58) (34)
Accounts payable (149) 195 138
Net regulatory assets and liabilities 911 570 (973)
Other current liabilities 200 102 (1)
Pension and other employee benefit obligations 17 (49) (135)
Other, net (157) (122) (140)
Net Cash Provided by (Used in) Operating Activities, Total 5,327 3,932 2,189 Close
Investing activities      
Capital/construction expenditures (5,854) (4,638) (4,244)
Purchase of investment securities (994) (1,332) (757)
Proceeds from the sale of investment securities 959 1,297 743
Other, net (37) 20 (29)
Net Cash Provided by (Used in) Investing Activities, Total (5,926) (4,653) (4,287) Close
Financing activities      
(Repayments of) proceeds from short-term borrowings, net (28) (192) 421
Proceeds from Issuance of Long-term Debt 2,630 2,164 2,710
Repayments of long-term debt (1,151) (601) (417)
Proceeds from Issuance of Common Stock 270 322 366
Payments of Dividends (1,092) (1,012) (935)
Proceeds from (Payments for) Other Financing Activities (12) (15) (10)
Net Cash Provided by (Used in) Financing Activities, Total 617 666 2,135 Close
Net change in cash and cash equivalents 18 (55) 37 Close
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 111 166 129
Cash and Cash Equivalents, at Carrying Value, Ending Balance 129 111 166
Supplemental disclosure of cash flow information:      
Interest Paid, Excluding Capitalized Interest, Operating Activities (945) (887) (788)
Income Taxes Paid, Net 92 (15) (4)
Other Noncash Investing and Financing Items [Abstract]      
Capital Expenditures Incurred but Not yet Paid 553 626 501
Inventory transfers to plant, property and equipment 197 78 87
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 238 141 8
Allowance for equity funds used during construction 91 75 73
Stock Issued $ 64 $ 57 $ 60