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Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in millions) 2015 Y 10-K 9/30/2015 USD 2016 Y 10-K 9/30/2016 USD 2017 Y 10-K 9/30/2017 USD 2018 Y 10-K 9/30/2018 USD 2019 Q3 YTD 10-Q 6/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 9/30/2015 USD 2016 Y 10-K 9/30/2016 USD 2017 Y 10-K 9/30/2017 USD 2018 Y 10-K 9/30/2018 USD 2019 Q3 YTD 10-Q 6/30/2019 USD

Cash flows from operating activities

Net income (loss) 1,111 1,233 685 1,119 829

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

Depreciation and amortization 2,077 1,882 1,763 2,554 1,402
Amortization of nuclear fuel cost 277 287 341 382 277
Non-cash retirement benefit expense 332 327 837 324 235
Prepayment credits applied to revenue (100) (100) (100) (100) (10)
Fuel cost adjustment deferral (6) (83) 98 (30) NA
Fuel cost tax equivalents (18) (16) 5 (7) NA
Other regulatory amortization and deferrals NA NA NA NA 240

Changes in current assets and liabilities

Accounts receivable, net 93 (83) 230 (68) 149
Inventories and other current assets, net (12) 50 1 65 (145)
Accounts payable and accrued liabilities (121) (4) (119) 134 (217)
Accrued interest (13) (3) (17) (36) (21)
Regulatory asset costs (23) (31) (50) (13) NA
Pension contributions (282) (281) (805) (304) (232)
Settlements of asset retirement obligations (58) (139) (123) (106) NA
Other, net 58 3 (10) 41 (28)
Net cash provided by operating activities 3,315 3,042 2,736 3,955 2,479

Cash flows from investing activities

Construction expenditures (2,850) (2,710) (2,153) (1,759) (1,292)
Combustion turbine asset acquisition (342) NA NA NA NA
Nuclear fuel expenditures (350) (300) (305) (457) (223)
Purchases of investments (52) (50) (49) (49) NA

Loans and other receivables

Advances (17) (10) (11) (12) (8)
Repayments 8 7 8 4 6
Other, net 18 (50) (26) 4 (16)
Net cash used in investing activities (3,585) (3,113) (2,536) (2,269) (1,533)

Cash flows from financing activities

Long-term debt

Issues of power bonds 973 0 999 998 0
Redemptions and repurchases of power bonds (1,180) (76) (1,558) (1,731) (1,034)
Redemptions of notes payable 0 0 (27) (53) (46)
Redemptions of debt of variable interest entities (32) (33) (35) (36) (19)
Short-term debt issues (redemptions), net 437 370 583 (811) 196
Payments on leases and leasebacks (80) (159) (136) (42) (41)
Financing costs, net (7) 0 (4) (3) 0
Payments to U.S. Treasury (5) (6) (5) (5) NA
Other, net (36) (25) (17) (4) (1)
Net cash provided by (used in) financing activities 70 71 (200) (1,687) (945)
Net change in cash and cash equivalents (200) 0 0 (1) NA
Cash and cash equivalents at beginning of period 500 300 300 300 NA
Cash and cash equivalents at end of period 300 300 300 299 NA
Net change in cash, cash equivalents, and restricted cash NA NA NA NA 1
Cash, cash equivalents, and restricted cash at beginning of period NA NA NA NA 322
Cash, cash equivalents, and restricted cash at end of period NA NA NA NA 323
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.