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Financial Statements

As Reported Financials

Source Document Currency Code (in millions) 2014 Y 9/30/2016 USD 2015 Y 9/30/2017 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD 2018 Q3 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 9/30/2016 USD 2015 Y 9/30/2017 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD 2018 Q3 YTD 6/30/2018 USD

Cash flows from operating activities

Net income (loss) 469 1,111 1,233 685 1,220

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) 1,888 2,077 1,882 1,763 1,285
Amortization of nuclear fuel cost 279 277 287 341 282
Non-cash retirement benefit expense 572 332 327 837 243
Prepayment credits applied to revenue (100) (100) (100) (100) (75)
Fuel cost adjustment deferral (38) (6) (83) 98 (6)
Fuel cost tax equivalents 6 (18) (16) 5 (8)

Changes in current assets and liabilities

Accounts receivable, net (79) 93 (83) 230 (11)
Inventories and other current assets, net 34 (12) 50 1 5
Accounts payable and accrued liabilities 147 (121) (4) (119) (80)
Accrued interest 2 (13) (3) (17) (52)
Regulatory assets costs (56) (23) (31) (50) (8)
Pension contributions (256) (282) (281) (805) (229)
Insurance recoveries 175 NA NA NA NA
Settlements of asset retirement obligations (14) (58) (139) (123) NA
Other, net (49) 58 3 (10) (42)
Net cash provided by operating activities 2,980 3,315 3,042 2,736 2,524

Cash flows from investing activities

Construction expenditures (2,384) (2,850) (2,710) (2,153) (1,354)
Combustion turbine asset acquisition 0 (342) 0 0 NA
Nuclear fuel expenditures (326) (350) (300) (305) (181)
Purchases of investments (48) (52) (50) (49) NA

Loans and other receivables

Advances (6) (17) (10) (11) (12)
Repayments 6 8 7 8 3
Other, net 2 18 (50) (26) (2)
Net cash used in investing activities (2,756) (3,585) (3,113) (2,536) (1,546)

Cash flows from financing activities

Long-term debt

Issues of power bonds 989 973 0 999 998
Redemptions and repurchases of power bonds (365) (1,180) (76) (1,558) (1,731)
Redemptions of debt of variable interest entities (30) (32) (33) (35) (18)
Redemptions of notes payable NA 0 0 (27) (52)
Short-term debt issues (redemptions), net (1,837) 437 370 583 (133)
Payments on leases and leasebacks (73) (80) (159) (136) (40)
Financing costs, net (4) (7) 0 (4) (3)
Payments to U.S. Treasury (14) (5) (6) (5) NA
Other, net 8 (36) (25) (17) 0
Net cash provided by (used in) financing activities (1,326) 70 71 (200) (979)
Net change in cash and cash equivalents (1,102) (200) 0 0 (1)
Cash and cash equivalents at beginning of period 1,602 500 300 300 300
Cash and cash equivalents at end of period 500 300 300 300 299

Supplemental disclosures

Significant non-cash transactions

Accrued capital and nuclear fuel expenditures NA NA NA NA 315
Capital lease obligations incurred NA NA NA NA 0
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.