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Financial Statements

As Reported Financials

Source Document Currency Code (in millions) 2015 Y 9/30/2017 USD 2016 Y 9/30/2018 USD 2017 Y 9/30/2018 USD 2018 Y 9/30/2018 USD
Source Document Currency Code 2015 Y 9/30/2017 USD 2016 Y 9/30/2018 USD 2017 Y 9/30/2018 USD 2018 Y 9/30/2018 USD

Cash flows from operating activities

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

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

Changes in current assets and liabilities

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

Cash flows from investing activities

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

Loans and other receivables

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

Cash flows from financing activities

Long-term debt

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