SCANA CORP

CIK:0000754737|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Revenues:
Electric Regulated Revenue	$ 2,322.0	$ 2,659.0	$ 2,614.0
Regulated Operating Revenue, Gas	934.0	874.0	788.0
Gas-nonregulated	796.0	874.0	825.0
Regulated and Unregulated Operating Revenue	4,052.0	4,407.0	4,227.0
Utilities Operating Expense [Abstract]
Fuel used in electric generation	671.0	594.0	576.0
Purchased power	92.0	80.0	64.0
Utilities Operating Expense, Gas and Petroleum Purchased	1,128.0	1,156.0	1,054.0
Other operation and maintenance	835.0	728.0	741.0
Utilities Operating Expense, Maintenance and Operations, Affiliate	18.4
Utilities Operating Expense, Impairments	1,376.0	1,118.0
Depreciation and amortization	403.0	382.0	371.0
Other taxes	276.0	264.0	254.0
Utilities Operating Expense	4,781.0	4,322.0	3,060.0
Operating Income	(729.0)	85.0	1,167.0
Other Nonoperating Income (Expense)	173.0	47.0	41.0
Other Income (Expense):
Other income	180.0	79.0	64.0
Other expenses	(46.0)	(55.0)	(52.0)
Interest charges, net of allowance for borrowed funds used during construction	(384.0)	(363.0)	(342.0)
Allowance for equity funds used during construction	19.0	23.0	29.0
Total Other Expense	173.0	47.0	41.0
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(940.0)	(231.0)	866.0
Income Tax Expense (Benefit)	(412.0)	(112.0)	271.0
Income Available to Common Shareholders	$ (528.0)	$ (119.0)	$ 595.0
Earnings Per Share, Basic and Diluted	$ (3.70)	$ (0.83)	$ 4.16
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (512.0)	$ (120.0)	$ 611.0
Weighted Average Common Shares Outstanding (millions)
Weighted Average Number of Shares Outstanding, Basic	143	143	143
SCE&G
Operating Revenues:
Electric Regulated Revenue	$ 2,322.0	$ 2,659.0	$ 2,614.0
Electric Domestic Regulated Revenues - Affiliate	5.0	5.0	5.0
Regulated Operating Revenue, Gas	434.0	405.0	366.0
Regulated Operating Revenue Gas, Affiliate	1.0	1.0	1.0
Regulated Operating Revenue	2,762.0	3,070.0	2,986.0
Utilities Operating Expense [Abstract]
Fuel used in electric generation	531.0	465.0	472.0
Utilities Operating Expense, Fuel Used, Affiliate	140.0	129.0	104.0
Purchased power	92.0	80.0	64.0
Utilities Operating Expense, Gas and Petroleum Purchased	239.0	206.0	174.0
Utilities Operating Expense, Gas and Petroleum Purchased, affiliate			9.0
Other operation and maintenance	449.0	417.0	403.0
Utilities Operating Expense, Maintenance and Operations, Affiliate	182.0	180.0	199.0
Utilities Operating Expense, Impairments	1,376.0	1,118.0
Depreciation and amortization	327.0	312.0	302.0
Other taxes	251.0	241.0	227.0
Utilities Operating Expense, Taxes, Affiliate	6.0	5.0	7.0
Utilities Operating Expense	3,593.0	3,153.0	1,961.0
Operating Income	(831.0)	(83.0)	1,025.0
Other Nonoperating Income (Expense)	129.0	28.0	19.0
Other Income (Expense):
Other income	141.0	45.0	29.0
Other expenses	(28.0)	(32.0)	(36.0)
Interest charges, net of allowance for borrowed funds used during construction	(303.0)	(288.0)	(270.0)
Allowance for equity funds used during construction	11.0	15.0	26.0
Total Other Expense	129.0	28.0	19.0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	(1,005.0)	(343.0)	774.0
Income Tax Expense (Benefit)	(416.0)	(171.0)	248.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(589.0)	(172.0)	526.0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent	1.0	(1.0)	0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(588.0)	(173.0)	526.0
Net Income (Loss) Attributable to Noncontrolling Interest	25.0	13.0	13.0
Earnings Available to Common Shareholder	(613.0)	$ (185.0)	$ 513.0
Subsidiaries [Member] \| SCE&G
Other Income (Expense):
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (589.0)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities
Net Income (Loss) Available to Common Stockholders, Basic	$ (528)	$ (119)	$ 595
Adjustments to reconcile net income to net cash provided from operating activities:
Utilities Operating Expense, Impairments	1,376	1,118
Gain on Sale of Investments	(30)
Deferred income taxes, net	(151)	(911)	242
Depreciation and amortization	434	406	389
Amortization of nuclear fuel	47	44	57
Allowance for equity funds used during construction	(19)	(23)	(29)
Carrying cost recovery	(6)	(34)	(17)
Cash provided (used) by changes in certain assets and liabilities:
Increase (Decrease) in Receivables	(37)	56	112
Increase (Decrease) in Income Taxes Receivable	198	(56)	(142)
Increase (Decrease) in Inventories	88	93	43
Increase (Decrease) in Prepaid Expense	4	5	(11)
Increase (Decrease) in Other Regulatory Assets	199	(181)	114
Increase (Decrease) in Regulatory liabilities	(350)	1,051	(2)
Increase (Decrease) in Accounts Payable	61	24	44
Unrecognized tax benefits, increase (decrease)	19	(224)	175
Increase (Decrease) Revenue Subject to Refund	77
Increase (Decrease) in Taxes accrued	31	13	(41)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits	16	(20)	51
Changes in other assets	(61)	47	44
Changes in other liabilities	(18)	(80)	72
Net Cash Provided from Operating Activities	964	1,169	1,092
Cash Flows From Investing Activities
Property additions and construction expenditures	(890)	(1,225)	(1,579)
Proceeds from Sale of Other Receivables	0	1,096
Proceeds from investments (including derivative collateral posted)	227	145	860
Purchase of investments (including derivative collateral posted)	(155)	(143)	(788)
Payments upon interest rate contract settlement		(39)	(113)
Payments for (Proceeds from) Hedge, Investing Activities	115		0
Net Cash Used for Investing Activities	(703)	(166)	(1,620)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	935	150	592
Repayments of Long-term Debt	(830)	(17)	(117)
Dividends	(209)	(344)	(325)
Short-term borrowings, net	(177)	(591)	410
Net Cash Provided From Financing Activities	(281)	(802)	560
Net (Decrease) Increase in Cash and Cash Equivalents	(20)	201	32
Cash and Cash Equivalents, January 1	409	208	176
Cash and Cash Equivalents, December 31	389	409	208
Supplemental Cash Flow Information
Cash paid for-Interest (net of capitalized interest )	356	346	328
Cash paid for-Income taxes	4	2	229
Proceeds from Income Tax Refunds	206	184
Cash Flow, Noncash Investing and Financing Activities Disclosure
Accrued construction expenditures	85	139	109
Capital Lease Obligations Incurred	11	8	15
Proceeds from Contribution in Aid of Construction	6
SCE&G
Cash Flows from Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(589)	(172)	526
Adjustments to reconcile net income to net cash provided from operating activities:
Utilities Operating Expense, Impairments	1,376	1,118
Deferred income taxes, net	(184)	(780)	207
Depreciation and amortization	342	323	310
Amortization of nuclear fuel	47	44	57
Allowance for equity funds used during construction	(11)	(15)	(26)
Carrying cost recovery	(6)	(34)	(17)
Cash provided (used) by changes in certain assets and liabilities:
Increase (Decrease) in Receivables	(50)	32	47
Increase (Decrease) in Due from Affiliates, Current	(2)	12	(3)
Increase (Decrease) in Income Taxes Receivable	198	(145)	(53)
Increase (Decrease) in Inventories	54	60	35
Increase (Decrease) in Prepaid Expense	0	(6)	4
Increase (Decrease) in Other Regulatory Assets	179	(185)	94
Increase (Decrease) in Regulatory liabilities	(360)	899	(5)
Increase (Decrease) in Accounts Payable	61	20	8
Unrecognized tax benefits, increase (decrease)	19	(241)	192
Increase (Decrease) in Due to Affiliates, Current	0	(28)	13
Increase (Decrease) Revenue Subject to Refund	77
Increase (Decrease) in Taxes accrued	31	13	(104)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits	15	(21)	39
Changes in other assets	(77)	46	99
Changes in other liabilities	22	(43)	58
Increase (Decrease) in Due to Affiliates	(3)	3	(1)
Net Cash Provided from Operating Activities	927	1,006	922
Cash Flows From Investing Activities
Property additions and construction expenditures	(633)	(928)	(1,399)
Proceeds from Sale of Other Receivables	0	1,096
Proceeds from investments (including derivative collateral posted)	40	118	794
Purchase of investments (including derivative collateral posted)	(29)	(122)	(740)
Payments to Acquire Interest in Subsidiaries and Affiliates	(111)
Payments upon interest rate contract settlement	0	(39)	(113)
Payments for (Proceeds from) Hedge, Investing Activities	115	0	0
Proceeds from Investment In Affiliate	111	0	9
Investment In Affiliate	(325)	(28)
Net Cash Used for Investing Activities	(832)	97	(1,449)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	795	0	494
Repayments of Long-term Debt	(825)	(12)	(112)
Dividends	(173)	(319)	(301)
Short-term borrowings, net	(179)	(552)	384
Short-term borrowings-affiliate,net	245	8	(4)
Contributions from parent	24	3	100
Net Cash Provided From Financing Activities	(113)	(872)	561
Net (Decrease) Increase in Cash and Cash Equivalents	(18)	231	34
Cash and Cash Equivalents, January 1	395	164	130
Cash and Cash Equivalents, December 31	377	395	164
Supplemental Cash Flow Information
Cash paid for-Interest (net of capitalized interest )	264	269	251
Cash paid for-Income taxes	3	47	289
Proceeds from Income Tax Refunds	216	145	189
Cash Flow, Noncash Investing and Financing Activities Disclosure
Accrued construction expenditures	69	99	95
Capital Lease Obligations Incurred	8	$ 8	$ 14
Proceeds from Contribution in Aid of Construction	$ 6

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Assets
Utility Plant In Service	$ 15,171	$ 14,370
Accumulated Depreciation and Amortization	(5,109)	(4,611)
Construction Work in Progress	527	471
Nuclear Fuel, Net of Accumulated Amortization	211	208
Goodwill, Net of Writedown of $230	210	210
Utility Plant, Net	11,010	10,648
Nonutility Property and Investments:
Nonutility property, net of accumulated depreciation	267	270
Assets held in trust, net-nuclear decommissioning	190	136
Other investments	22	68
Nonutility Property and Investments, Net	479	474
Current Assets:
Cash and cash equivalents	389	409
Receivables, net of allowance for uncollectible accounts	632	665
Income taxes	0	198
Accounts and Other Receivables, Net, Current	88	105
Inventories (at average cost):
Fuel	153	143
Materials and supplies	170	161
Prepaid Expense	105	99
Other Assets, Current	12	71
Total Current Assets	1,549	1,851
Deferred Debits and Other Assets:
Regulatory assets	4,380	5,580
Other	236	186
Regulated Entity, Other Assets, Noncurrent	4,616	5,766
Total	17,654	18,739
Capitalization and Liabilities
Common Stock, Value, Outstanding	2,389	2,390
Retained Earnings, Unappropriated	2,247	2,915
Accumulated Other Comprehensive Income (Loss), Net of Tax	(34)	(50)
Common equity	4,602	5,255
Long-term Debt, Excluding Current Maturities	6,695	5,906
Total Capitalization	11,297	11,161
Current Liabilities:
Short-term borrowings	173	350
Long-term Debt, Current Maturities	59	727
Accounts payable	430	438
Customer deposits and customer prepayments	114	112
Taxes accrued	245	214
Interest accrued	89	87
Dividends declared	17	86
Other	72	99
Total Current Liabilities	1,276	2,113
Deferred Credits and Other Liabilities:
Deferred income taxes, net	1,112	1,261
Asset retirement obligations	577	568
Pension and other postretirement benefits	376	360
Unrecognized tax benefits	38	19
Regulatory liabilities	2,789	3,059
Other	189	198
Total Deferred Credits and Other Liabilities	5,081	5,465
Commitments and Contingencies (Note 10)
Total	17,654	18,739
SCE&G
Assets
Utility Plant In Service	12,803	12,161
Accumulated Depreciation and Amortization	(4,581)	(4,124)
Construction Work in Progress	350	375
Nuclear Fuel, Net of Accumulated Amortization	211	208
Utility Plant, Net	8,783	8,620
Nonutility Property and Investments:
Nonutility property, net of accumulated depreciation	72	71
Assets held in trust, net-nuclear decommissioning	190	136
Other investments	1	2
Nonutility Property and Investments, Net	263	209
Current Assets:
Cash and cash equivalents	377	395
Receivables, net of allowance for uncollectible accounts	344	390
Income taxes	0	198
Due from Affiliate, Current	359	32
Accounts and Other Receivables, Net, Current	68	85
Inventories (at average cost):
Fuel	89	90
Materials and supplies	158	149
Prepayments	82	82
Other Assets, Current	1	56
Total Current Assets	1,478	1,477
Deferred Debits and Other Assets:
Regulatory assets	4,256	5,476
Other	183	164
Regulated Entity, Other Assets, Noncurrent	4,439	5,640
Total	14,963	15,946
Capitalization and Liabilities
Common Stock, Value, Outstanding	2,860	2,860
Retained Earnings, Unappropriated	1,279	1,982
Accumulated Other Comprehensive Income (Loss), Net of Tax	(3)	(4)
Common equity	4,136	4,838
Stockholders' Equity Attributable to Noncontrolling Interest	179	142
Total Equity	4,315	4,980
Long-term Debt, Excluding Current Maturities	5,132	4,441
Total Capitalization	9,447	9,421
Current Liabilities:
Short-term borrowings	73	252
Long-term Debt, Current Maturities	14	723
Accounts payable	267	251
Due to Affiliate, Current	347	102
Customer deposits and customer prepayments	83	70
Taxes accrued	239	208
Interest accrued	72	67
Dividends declared	10	82
Other	32	49
Total Current Liabilities	1,214	1,804
Deferred Credits and Other Liabilities:
Deferred income taxes, net	989	1,173
Asset retirement obligations	542	529
Pension and other postretirement benefits	232	217
Unrecognized tax benefits	38	19
Regulatory liabilities	2,380	2,667
Other	105	97
Due to Affiliate, Noncurrent	16	19
Total Deferred Credits and Other Liabilities	4,302	4,721
Commitments and Contingencies (Note 10)
Total	$ 14,963	$ 15,946