CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
$ 1,110
|
|
$ 1,060
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
970
|
|
925
|
| Deferred income taxes and investment tax credits |
170
|
|
179
|
| Impairment losses |
154
|
|
0
|
| Plant closure adjustment |
0
|
|
(21)
|
| Gain on sale of assets |
(131)
|
|
(62)
|
| Equity earnings |
(73)
|
|
(143)
|
| Remeasurement of equity method investment |
(617)
|
|
0
|
| Fixed-price contracts and other derivatives |
39
|
|
(20)
|
| Other |
50
|
|
28
|
| Net change in other working capital components |
224
|
|
260
|
| Insurance receivable for Aliso Canyon costs |
(339)
|
|
0
|
| Changes in other assets |
(4)
|
|
(112)
|
| Changes in other liabilities |
138
|
|
(5)
|
| Net cash provided by operating activities |
1,691
|
|
2,089
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Expenditures for property, plant and equipment |
(3,087)
|
|
(2,227)
|
| Expenditures for investments and acquisition of businesses, net of cash and cash equivalents acquired |
(1,212)
|
|
(183)
|
| Proceeds from sale of assets, net of cash sold |
761
|
|
347
|
| Distributions from investments |
23
|
|
14
|
| Purchases of nuclear decommissioning and other trust assets |
(418)
|
|
(407)
|
| Proceeds from sales by nuclear decommissioning and other trusts |
486
|
|
431
|
| Increases in restricted cash |
(53)
|
|
(81)
|
| Decreases in restricted cash |
71
|
|
68
|
| Advances to unconsolidated affiliates |
(12)
|
|
(24)
|
| Repayments of advances to unconsolidated affiliates |
11
|
|
74
|
| Other |
(2)
|
|
9
|
| Net cash used in investing activities |
(3,432)
|
|
(1,979)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Common dividends paid |
(510)
|
|
(468)
|
| Preferred dividends paid by subsidiary |
(1)
|
|
(1)
|
| Issuances of common stock |
40
|
|
41
|
| Repurchases of common stock |
(55)
|
|
(74)
|
| Issuances of debt (maturities greater than 90 days) |
2,013
|
|
2,058
|
| Payments on debt (maturities greater than 90 days) |
(1,298)
|
|
(1,316)
|
| Increase (decrease) in short-term debt, net |
1,636
|
|
(201)
|
| Deposit for sale of noncontrolling interest |
78
|
|
0
|
| Net distributions to noncontrolling interests |
(43)
|
|
(57)
|
| Tax benefit related to share-based compensation |
0
|
|
56
|
| Other |
(12)
|
|
(9)
|
| Net cash provided by financing activities |
1,848
|
|
29
|
| Effect of exchange rate changes on cash and cash equivalents |
8
|
|
(12)
|
| Increase (decrease) in cash and cash equivalents |
115
|
|
127
|
| Cash and cash equivalents, January 1 |
403
|
[1] |
570
|
| Cash and cash equivalents, September 30 |
518
|
|
697
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |
|
|
|
| Interest payments, net of amounts capitalized |
367
|
|
355
|
| Income tax payments, net of refunds |
103
|
|
37
|
| Supplemental disclosure of noncash investing and financing activities: |
|
|
|
| Assets acquired, net of cash and cash equivalents |
(2,692)
|
|
(10)
|
| Fair value of equity method investment immediately prior to acquisition |
(1,144)
|
|
0
|
| Liabilities assumed |
(448)
|
|
(2)
|
| Accrued purchase price |
(4)
|
|
(5)
|
| Cash paid, net of cash and cash equivalents acquired |
1,096
|
|
3
|
| Accrued capital expenditures |
483
|
|
459
|
| Financing of build-to-suit property |
0
|
|
61
|
| Redemption of industrial development bonds |
0
|
|
79
|
| Common dividends issued in stock |
40
|
|
41
|
| Dividends declared but not paid |
195
|
|
179
|
| San Diego Gas and Electric Company [Member] |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
418
|
|
463
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
478
|
|
446
|
| Deferred income taxes and investment tax credits |
98
|
|
170
|
| Plant closure adjustment |
0
|
|
(21)
|
| Fixed-price contracts and other derivatives |
(2)
|
|
(3)
|
| Other |
(29)
|
|
(14)
|
| Net change in other working capital components |
14
|
|
136
|
| Changes in other assets |
(47)
|
|
(93)
|
| Changes in other liabilities |
3
|
|
10
|
| Net cash provided by operating activities |
933
|
|
1,094
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Expenditures for property, plant and equipment |
(959)
|
|
(835)
|
| Purchases of nuclear decommissioning trust assets |
(415)
|
|
(404)
|
| Proceeds from sales by nuclear decommissioning trusts |
486
|
|
431
|
| Increases in restricted cash |
(30)
|
|
(29)
|
| Decreases in restricted cash |
43
|
|
27
|
| Increase in loans to affiliate, net |
(107)
|
|
0
|
| Net cash used in investing activities |
(982)
|
|
(810)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Common dividends paid |
(175)
|
|
(150)
|
| Issuances of debt (maturities greater than 90 days) |
498
|
|
388
|
| Payments on debt (maturities greater than 90 days) |
(148)
|
|
(294)
|
| Increase (decrease) in short-term debt, net |
(114)
|
|
(202)
|
| Net distributions to noncontrolling interests |
(6)
|
|
(14)
|
| Other |
(3)
|
|
0
|
| Net cash provided by financing activities |
52
|
|
(272)
|
| Increase (decrease) in cash and cash equivalents |
3
|
|
12
|
| Cash and cash equivalents, January 1 |
20
|
[1] |
8
|
| Cash and cash equivalents, September 30 |
23
|
|
20
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |
|
|
|
| Interest payments, net of amounts capitalized |
132
|
|
141
|
| Income tax payments, net of refunds |
165
|
|
62
|
| Supplemental disclosure of noncash investing and financing activities: |
|
|
|
| Accrued capital expenditures |
139
|
|
142
|
| Southern California Gas Company [Member] |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
199
|
|
277
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
355
|
|
342
|
| Deferred income taxes and investment tax credits |
52
|
|
98
|
| Impairment losses |
23
|
|
0
|
| Other |
(22)
|
|
(18)
|
| Net change in other working capital components |
135
|
|
48
|
| Insurance receivable for Aliso Canyon costs |
(339)
|
|
0
|
| Changes in other assets |
2
|
|
(57)
|
| Changes in other liabilities |
4
|
|
0
|
| Net cash provided by operating activities |
409
|
|
690
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Expenditures for property, plant and equipment |
(949)
|
|
(946)
|
| Increase in loans to affiliate, net |
(1)
|
|
(250)
|
| Net cash used in investing activities |
(950)
|
|
(1,196)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Preferred dividends paid |
(1)
|
|
(1)
|
| Issuances of debt (maturities greater than 90 days) |
499
|
|
599
|
| Payments on debt (maturities greater than 90 days) |
(3)
|
|
0
|
| Increase (decrease) in short-term debt, net |
0
|
|
(50)
|
| Other |
(4)
|
|
(4)
|
| Net cash provided by financing activities |
491
|
|
544
|
| Increase (decrease) in cash and cash equivalents |
(50)
|
|
38
|
| Cash and cash equivalents, January 1 |
58
|
[1] |
85
|
| Cash and cash equivalents, September 30 |
8
|
|
123
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |
|
|
|
| Interest payments, net of amounts capitalized |
60
|
|
53
|
| Income tax payments, net of refunds |
35
|
|
11
|
| Supplemental disclosure of noncash investing and financing activities: |
|
|
|
| Accrued capital expenditures |
150
|
|
172
|
| Dividends declared but not paid |
$ 0
|
|
$ 50
|
|
|