XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 790 $ 706
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,370 1,202
Nuclear fuel amortization 53 53
Deferred income taxes 285 (192)
Allowance for equity funds used during construction (75) (37)
Earnings from equity method investments (16) (20)
Dividends from equity method investments 18 18
Provision for bad debts 28 36
Share-based compensation expense 17 12
Changes in operating assets and liabilities:    
Accounts receivable 148 225
Accrued unbilled revenues 6 364
Inventories (2) 100
Other current assets (53) 39
Accounts payable 4 (443)
Net regulatory assets and liabilities 150 569
Other current liabilities (439) (74)
Pension and other employee benefit obligations (98) (37)
Other, net 54 (66)
Net cash provided by operating activities 2,240 2,455 Close
Investing activities    
Capital/construction expenditures (3,368) (2,599)
Purchase of investment securities (469) (416)
Proceeds from the sale of investment securities 450 399
Other, net (16) (23)
Net cash used in investing activities (3,403) (2,639) Close
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 17 (269)
Proceeds from issuances of long-term debt 3,644 1,741
Repayments of long-term debt (550) (650)
Proceeds from issuance of common stock 101 75
Dividends paid (575) (536)
Other, net (5) (13)
Net cash provided by financing activities 2,632 348 Close
Net change in cash, cash equivalents and restricted cash 1,469 164 Close
Cash, cash equivalents and restricted cash at beginning of period 129 111
Cash, cash equivalents and restricted cash at end of period 1,598 275
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (517) (461)
Cash received (paid) for income taxes, net; includes proceeds from tax credit transfers 351 (49)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 520 497
Inventory transfers to property, plant and equipment 164 78
Operating lease right-of-use assets 40 50
Allowance for equity funds used during construction 75 37
Issuance of common stock for reinvested dividends and/or equity awards $ 35 $ 32