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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income $ 297 $ 350
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 363 363
Deferred income taxes 45 193
Loss on sale 43 0
Loss (gain) on equity securities (79) 83
Loss (gain) on indexed debt securities 79 (85)
Pension contributions (63) (2)
Changes in other assets and liabilities:    
Accounts receivable and unbilled revenues, net (125) 72
Inventory 110 93
Taxes receivable 40 (110)
Accounts payable (216) (70)
Current regulatory assets and liabilities 64 (97)
Non-current regulatory assets and liabilities 1 (48)
Other current assets and liabilities (244) (224)
Other non-current assets and liabilities 94 40
Other operating activities, net 1 (20)
Net cash provided by operating activities 410 538
Cash Flows from Investing Activities:    
Capital expenditures (1,038) (845)
Payment for asset acquisition (357) 0
Proceeds from divestiture 1,219 0
Other investing activities, net (58) 1
Net cash used in investing activities (234) (844)
Cash Flows from Financing Activities:    
Decrease in short-term borrowings, net (3) (4)
Proceeds from commercial paper, net 569 157
Proceeds from long-term debt and term loans, net 665 398
Payments of long-term debt and term loans, including make-whole premiums (11) (22)
Payment of debt issuance costs (8) (3)
Payment of dividends on Common Stock (143) (126)
Proceeds from issuance of Common Stock, net 0 3
Other financing activities, net (16) (27)
Net cash used in financing activities 1,053 376
Net Increase in Cash, Cash Equivalents and Restricted Cash 1,229 70
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 30 109
Cash, Cash Equivalents and Restricted Cash at End of Period 1,259 179
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of capitalized interest 290 228
Refunds received for income taxes, net (3) (12)
Supplemental Disclosure of Non-cash Transactions    
Accounts payable related to capital expenditures 334 195
ROU assets obtained in exchange for lease liabilities $ 35 $ 0