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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 2017 Q3 YTD 6/30/2017 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 2017 Q3 YTD 6/30/2017 USD

Cash flows from operating activities

Net income (loss) 271 469 1,111 1,233 546

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 1,332
Amortization of nuclear fuel cost 268 279 277 287 243
Noncash retirement benefit expense 622 572 332 327 253
Prepayment credits applied to revenue (102) (100) (100) (100) (75)
Fuel cost adjustment deferral 97 (38) (6) (83) 76
Fuel cost tax equivalents 2 6 (18) (16) 1

Changes in current assets and liabilities

Accounts receivable, net 114 (79) 93 (83) 286
Inventories and other current assets, net 27 34 (12) 50 (93)
Accounts payable and accrued liabilities (296) 147 (121) (4) (200)
Accrued interest 1 2 (13) (3) (34)
Regulatory assets costs (21) (56) (23) (31) (27)
Pension contributions (6) (256) (282) (281) (230)
Insurance recoveries 47 175 63 7 NA
Settlements of asset retirement obligations NA (14) (58) (139) NA
Other, net (150) (49) (5) (4) (99)
Net cash provided by operating activities 2,597 2,980 3,315 3,042 1,979

Cash flows from investing activities

Construction expenditures (2,051) (2,384) (2,850) (2,710) (1,672)
Combustion turbine asset acquisition 0 0 (342) 0 NA
Nuclear fuel expenditures (287) (326) (350) (300) (230)
Purchases of investments, net (48) (48) (52) (50) NA

Loans and other receivables

Advances (6) (6) (17) (10) (10)
Repayments 9 6 8 7 3
Other, net (2) 2 18 (50) 11
Net cash used in investing activities (2,385) (2,756) (3,585) (3,113) (1,898)

Cash flows from financing activities

Long-term debt

Issues of power bonds 2,122 989 973 0 999
Issues of variable interest entities 360 NA NA NA NA
Redemptions and repurchases of power bonds (2,358) (365) (1,180) (76) (558)
Redemptions of variable interest entities debt (13) (30) (32) (33) (17)
Redemptions of notes payable NA NA NA NA (26)
Short-term debt issues (redemptions), net 924 (1,837) 437 370 (407)
Payments on leases and leasebacks (446) (73) (80) (159) (61)
Financing costs, net (20) (4) (7) 0 (4)
Payments to U.S. Treasury (27) (14) (5) (6) (3)
Other, net (20) 8 (36) (25) (3)
Net cash provided by (used in) financing activities 522 (1,326) 70 71 (80)
Net change in cash and cash equivalents 734 (1,102) (200) 0 1
Cash and cash equivalents at beginning of period 868 1,602 500 300 300
Cash and cash equivalents at end of period 1,602 500 300 300 301

Supplemental disclosures

Significant noncash transactions

Accrued capital and nuclear fuel expenditures NA NA NA NA 340
Capital lease obligations incurred NA NA NA NA 10
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.