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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income including noncontrolling interests $ 1,994 $ 1,321 $ 3,419
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 3,128 3,113 2,781
Deferred income tax expense (benefit) 1,471 102 409
Deferred investment tax credits (benefits) (37) 141 (343)
Gain from sale of Q-Pipe Group and GT&S Transaction   (27) (685)
Net loss on sale of interest in renewable generation facilities     514
Provision for refunds and rate credits to electric utility customers     356
Impairment of assets and other charges 743 1,435 182
Losses (gains) on sales of assets and equity method investments (including Cove Point) (657) 467 (97)
Net (gains) losses on nuclear decommissioning trusts funds and other investments (474) 505 (639)
Other adjustments 378 (21) 314
Changes in:      
Accounts receivable 147 (985) (183)
Inventories (198) (216) (74)
Prepayments 38 (68) (20)
Deferred fuel and purchased gas costs, net 975 (2,021) (939)
Accounts payable (506) 556 156
Accrued interest, payroll and taxes 175 41 41
Margin deposit assets and liabilities 456 198 (664)
Net realized and unrealized changes related to derivative activities (35) (47) 435
Pension and other postretirement benefits (484) (461) (314)
Other operating assets and liabilities (542) (333) (612)
Net cash provided by operating activities 6,572 3,700 4,037 Close
Investing Activities      
Plant construction and other property additions (including nuclear fuel) (10,211) (7,591) (5,960)
Acquisition of solar development projects (24) (167) (101)
Proceeds from sale of noncontrolling interest in Cove Point 3,293    
Proceeds from sale of Hope   727  
Proceeds from sale of Q-Pipe Group   19 1,522
Repayment of Q-Pipe Transaction deposit     (1,265)
Proceeds from sale of non-wholly-owned nonregulated solar facilities     495
Proceeds from sales of securities 2,966 3,282 3,985
Purchases of securities (3,152) (3,067) (3,939)
Proceeds from sales of assets and equity method investments 47 252 159
Contributions to equity method affiliates (104) (43) (1,021)
Short-term deposit   (2,000)  
Return of short-term deposit   2,000  
Other (22) (158) (122)
Net cash used in investing activities (7,207) (6,746) (6,247) Close
Financing Activities      
Issuance (repayment) of short-term debt, net 533 1,109 1,419
364-day term loan facility borrowings 5,725   1,265
Repayment of 364-day term loan facility borrowings (975)   (1,265)
Repayment of supplemental 364-day credit facility repayments     (225)
Issuance and remarketing of long-term debt 3,310 4,965 6,400
Repayment and repurchase of long-term debt (including redemption premiums) (5,673) (1,388) (3,750)
Supplemental credit facility borrowings 900 900 900
Supplemental credit facility repayments (900) (450) (900)
Issuance of preferred stock     742
Series A Preferred Stock redemption   (1,610)  
Issuance of common stock 94 1,866 192
Common dividend payments (2,233) (2,209) (2,036)
Other (186) (204) (371)
Net cash provided by (used in) financing activities 595 2,979 2,371 Close
Increase (decrease) in cash, restricted cash and equivalents (40) (67) 161 Close
Cash, restricted cash and equivalents at beginning of period 341 408 247
Cash, restricted cash and equivalents at end of period 301 341 408
Virginia Electric and Power Company      
Operating Activities      
Net income including noncontrolling interests 1,452 1,112 1,662
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 2,034 1,892 1,521
Deferred income tax expense (benefit) 504 141 207
Deferred investment tax credits (benefits) (5) 153 186
Impairment of assets and other charges (benefits) 130 493 (269)
Provision for refunds to customers     356
Net (gains) losses on nuclear decommissioning trusts funds and other investments (68) 66 (81)
Other adjustments 237 (42) 100
Changes in:      
Accounts receivable 1 (629) (112)
Affiliated receivables and payables (188) 165 (175)
Inventories (165) (71) (10)
Prepayments (3) (7) (4)
Deferred fuel and purchased gas costs, net 538 (1,393) (652)
Accounts payable (43) 145 19
Accrued interest, payroll and taxes 23 (4) 21
Margin deposit assets and liabilities 274 (143) (166)
Net realized and unrealized changes related to derivative activities 451 109  
Other operating assets and liabilities (357) (159) (106)
Net cash provided by operating activities 4,815 1,828 2,497
Investing Activities      
Plant construction and other property additions (6,978) (4,909) (3,521)
Purchases of nuclear fuel (194) (201) (160)
Acquisition of solar development projects (24) (77) (75)
Proceeds from sales of securities 1,876 1,538 1,791
Purchases of securities (1,987) (1,580) (1,789)
Other 19 34  
Net cash used in investing activities (7,288) (5,195) (3,754)
Financing Activities      
Issuance (repayment) of short-term debt, net (486) 196 700
Issuance of affiliated current borrowings, net (1,524) 1,325 319
Issuance and remarketing of long-term debt 2,660 2,338 1,000
Repayment and repurchase of long-term debt (including redemption premiums) (1,308) (438) (450)
Issuance of common stock 3,250    
Common dividend payments     (300)
Other (53) (56) (21)
Net cash provided by (used in) financing activities 2,539 3,365 1,248
Increase (decrease) in cash, restricted cash and equivalents 66 (2) (9)
Cash, restricted cash and equivalents at beginning of period 24 26 35
Cash, restricted cash and equivalents at end of period $ 90 $ 24 $ 26