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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net Income $ 121 $ 482
Income from discontinued operations, net of income tax 0 388
Income/(loss) from continuing operations 121 94
Adjustments to reconcile net income to cash provided by operating activities:    
Distributions from and equity in losses of unconsolidated affiliates 16 21
Depreciation and amortization 109 85
Accretion of asset retirement obligations 11 7
Provision for credit losses 24 26
Amortization of nuclear fuel 13 13
Amortization of financing costs and debt discount/premiums 6 7
Loss on debt extinguishment, net (1) 0
Amortization of emissions allowances and energy credits 7 6
Amortization of unearned equity compensation 5 4
(Gain)/loss on sale of assets and disposal of assets (14) 3
Impairment losses 18 0
Changes in derivative instruments (46) (15)
Changes in deferred income taxes and liability for uncertain tax benefits 19 (2)
Changes in collateral deposits in support of energy risk management activities 9 (123)
Changes in nuclear decommissioning trust liability 8 9
Changes in other working capital (99) (234)
Cash provided/(used) by continuing operations 208 (99)
Cash provided by discontinued operations 0 8
Net Cash Provided/(Used) by Operating Activities 208 (91)
Cash Flows from Investing Activities    
Payments for acquisitions of businesses 0 (16)
Capital expenditures (66) (49)
Net purchases of emission allowances (8) 0
Investments in nuclear decommissioning trust fund securities (121) (122)
Proceeds from the sale of nuclear decommissioning trust fund securities 112 113
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees 15 1,313
Net distributions from investments in unconsolidated affiliates 0 4
Contributions to discontinued operations 0 (44)
Other 0 1
Cash (used)/provided by continuing operations (68) 1,198
Cash used by discontinued operations 0 (2)
Net Cash (Used)/Provided by Investing Activities (68) 1,196
Cash Flows from Financing Activities    
Payments of dividends to common stockholders (74) (8)
Payments for share repurchase activity (179) (783)
Purchase of and distributions to noncontrolling interests from subsidiaries (2) (1)
Proceeds from issuance of common stock 0 2
Proceeds from issuance of long-term debt 59 0
Repayments of long-term debt (60) (37)
Net proceeds from Revolving Credit Facility 552 0
Other (3) 0
Cash provided/(used) by continuing operations 293 (827)
Cash provided by discontinued operations 0 43
Net Cash Provided/(Used) by Financing Activities 293 (784)
Change in Cash from discontinued operations 0 49
Net Increase in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash 433 272
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period 385 613
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period $ 818 $ 885