Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 586

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 16
Chunk 586
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STATEMENTS OF CASH FLOWS(Dollars in millions) Years ended December 31, 202420232022CASH FLOWS FROM OPERATING ACTIVITIESNet income$956 $812 $600 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Depreciation and amortization910 839 761 Deferred income taxes and investment tax credits28 12 146 Bad debt expense97 294 70 Other(6)(12)(12)Net change in working capital components:Accounts receivable(13)207 (512)Due to/from unconsolidated affiliates, net6 57 (28)Income taxes receivable/payable, net13 (8)23 Inventories(10)(118)13 Other current assets6 (1,053)(139)Accounts payable(103)(179)191 Regulatory balancing accounts, net(27)(311)46 Reserve for Aliso Canyon costs(12)(98)(1,851)Other current liabilities46 1,047 185 Insurance receivable for Aliso Canyon costs— — 360 Changes in other noncurrent assets and liabilities, net(100)(100)(307)Net cash provided by (used in) operating activities1,791 1,389 (454)CASH FLOWS FROM INVESTING ACTIVITIESExpenditures for property, plant and equipment(2,231)(2,020)(1,993)Net cash used in investing activities(2,231)(2,020)(1,993)CASH FLOWS FROM FINANCING ACTIVITIESCommon dividends paid(200)(100)— Preferred dividends paid(1)(1)(1)Equity contribution from Sempra— — 650 Issuances of debt (maturities greater than 90 days)1,794 997 2,094 Payments on debt (maturities greater than 90 days) and finance leases(524)(1,120)(15)(Decrease) increase in short-term debt, net(609)846 (285)Debt issuance costs(10)(10)(12)Net cash provided by financing activities450 612 2,431 Increase (decrease) in cash and cash equivalents10 (19)(16)Cash and cash equivalents, January 12 21 37 Cash and cash equivalents, December 31$12 $