XML 68 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net (loss) income $ (63) $ (14) $ 1,060
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Equity in earnings of unconsolidated affiliates (35) (12) (29)
Distributions from unconsolidated affiliates 34 30 37
Depreciation, amortization and accretion 627 526 512
Amortization of financing costs and debt discounts 14 13 14
Amortization of intangibles 182 185 172
Loss on debt extinguishment 5 6 2
Reduction in carrying amount of right-of-use assets 15 15 14
Gain on sale of business 0 0 (1,292)
Impairment losses 0 12 16
Change in deferred income taxes 25 13 194
Changes in derivative instruments and amortization of accumulated OCI/OCL 13 (2) 69
Changes in other working capital (47) (70) 18
Net Cash Used in Operating Activities 770 702 787
Cash Flows from Investing Activities      
Acquisition of Drop Down Assets, net of cash acquired (678) (45) (71)
Acquisition of Capistrano Wind Portfolio, net of cash acquired 0 0 (223)
Capital expenditures (287) (212) (112)
Payment for equipment deposit 0 (27) 0
Payment for equipment deposit and asset purchase from affiliate 0 (55) 0
Return of investments from unconsolidated affiliates 41 14 13
Decrease (increase) in note receivable — affiliate 184 (174) 0
Investments in unconsolidated affiliates 0 (28) 0
Proceeds from sale of business 0 0 1,457
Other 15 4 1
Net Cash Provided by (Used in) Investing Activities (725) (523) 1,065
Cash Flows from Financing Activities      
Contributions from noncontrolling interests, net of distributions 1,493 1,028 60
Payments of dividends and distributions (334) (311) (289)
Distributions to CEG of escrowed amounts 0 0 (64)
Tax-related distributions (1) (21) (8)
Buyouts of noncontrolling interest and redeemable noncontrolling interest (7) (13) 0
Proceeds from the revolving credit facility 0 0 80
Payments for the revolving credit facility 0 0 (325)
Proceeds from issuance of long-term debt 466 563 244
Payments of debt issuance costs (13) (18) (4)
Payments for long-term debt (1,966) (1,349) (1,198)
Other (1) (3) (6)
Net Cash Provided by Financing Activities (363) (124) (1,510)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (318) 55 342
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,051 996 654
Cash, Cash Equivalents and Restricted Cash at End of Period 733 1,051 996
Supplemental Disclosures:      
Interest paid, net of amount capitalized (324) (304) (317)
Income taxes paid, net of refunds received (1) (31) (9)
Non-cash financing activity:      
Non-cash adjustment for change in tax basis $ 61 $ 4 $ (1)