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Financial Statements

As Reported Financials

Source Document Currency Code (in millions) 2013 Y 9/30/2015 USD 2014 Y 9/30/2016 USD 2015 Y 9/30/2016 USD 2016 Y 9/30/2016 USD
Source Document Currency Code 2013 Y 9/30/2015 USD 2014 Y 9/30/2016 USD 2015 Y 9/30/2016 USD 2016 Y 9/30/2016 USD

Cash flows from operating activities

Net income (loss) 271 469 1,111 1,233

Adjustments to reconcile net income (loss) to net cash provided by operating activities

Depreciation and amortization (including amortization of debt issuance costs and premiums/discounts) 1,723 1,888 2,077 1,882
Amortization of nuclear fuel cost 268 279 277 287
Non-cash retirement benefit expense 622 572 332 327
Prepayment credits applied to revenue (102) (100) (100) (100)
Fuel cost adjustment deferral 97 (38) (6) (83)
Fuel cost tax equivalents 2 6 (18) (16)

Changes in current assets and liabilities

Accounts receivable, net 114 (79) 93 (83)
Inventories and other current assets, net 27 34 (12) 50
Accounts payable and accrued liabilities (296) 147 (121) (4)
Accrued interest 1 2 (13) (3)
Regulatory asset costs (21) (56) (23) (31)
Pension contributions (6) (256) (282) (281)
Insurance recoveries 47 175 63 7
Settlements of asset retirement obligations NA (14) (58) (139)
Other, net (150) (49) (5) (4)
Net cash provided by operating activities 2,597 2,980 3,315 3,042

Cash flows from investing activities

Construction expenditures (2,051) (2,384) (2,850) (2,710)
Combustion turbine asset acquisition 0 0 (342) 0
Nuclear fuel expenditures (287) (326) (350) (300)
Purchases of investments, net (48) (48) (52) (50)

Loans and other receivables

Advances (6) (6) (17) (10)
Repayments 9 6 8 7
Other, net (2) 2 18 (50)
Net cash used in investing activities (2,385) (2,756) (3,585) (3,113)

Cash flows from financing activities

Long-term debt

Issues of power bonds 2,122 989 973 0
Issues of variable interest entities 360 NA NA NA
Redemptions and repurchases of power bonds (2,358) (365) (1,180) (76)
Payments on debt of variable interest entities (13) (30) (32) (33)
Short-term debt issues (redemptions), net 924 (1,837) 437 370
Payments on leases and leasebacks (446) (73) (80) (159)
Financing costs, net (20) (4) (7) 0
Payments to U.S. Treasury (27) (14) (5) (6)
Other, net (20) 8 (36) (25)
Net cash (used in) provided by financing activities 522 (1,326) 70 71
Net change in cash and cash equivalents 734 (1,102) (200) 0
Cash and cash equivalents at beginning of year 868 1,602 500 300
Cash and cash equivalents at end of year 1,602 500 300 300
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.