XML 14 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 120.9 $ 126.7
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 264.7 245.3
Deferred income taxes and other tax credits, net 7.9 1.2
Allowance for equity funds used during construction (11.3) (9.6)
Stock-based compensation expense 6.5 6.3
Regulatory assets (29.5) (65.9)
Regulatory liabilities (5.5) (5.7)
Other assets (5.3) (2.2)
Other liabilities 42.8 2.3
Change in certain current assets and liabilities:    
Accounts receivable and accrued unbilled revenues, net (47.5) (32.0)
Income taxes receivable 11.6 13.9
Fuel, materials and supplies inventories 29.1 (44.4)
Fuel recoveries 9.3 316.6
Other current assets (8.7) 47.6
Accounts payable (48.4) (111.8)
Other current liabilities (0.5) 17.9
Net cash provided from operating activities 336.1 506.2
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (less allowance for equity funds used during construction) (550.2) (580.6)
Cost of removal and other (39.4) (51.4)
Net cash used in investing activities (589.6) (632.0)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 356.5 788.8
Payment of long-term debt (0.1) (1,000.1)
Increase (decrease) in short-term debt (137.9) 418.1
Increase in long-term borrowings under revolver   0.0
Dividends paid on common stock (169.9) (166.5)
Proceeds (costs) from issuance of common stock 10.9 0.0
Cash paid for employee equity-based compensation (6.1) (2.3)
Net cash provided from financing activities 253.4 38.0
NET CHANGE IN CASH AND CASH EQUIVALENTS (0.1) (87.8)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0.2 88.1
CASH AND CASH EQUIVALENTS AT END OF PERIOD 0.1 0.3
OG&E [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 134.5 131.7
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 264.7 245.3
Deferred income taxes and other tax credits, net 8.8 (0.4)
Allowance for equity funds used during construction (11.3) (9.6)
Stock-based compensation expense 6.5 1.5
Regulatory assets (29.5) (65.9)
Regulatory liabilities (5.5) (5.7)
Other assets (1.7) (2.0)
Other liabilities 47.9 4.3
Change in certain current assets and liabilities:    
Accounts receivable and accrued unbilled revenues, net (46.7) (32.6)
Fuel, materials and supplies inventories 29.1 (44.4)
Fuel recoveries 9.3 316.6
Other current assets (12.9) 51.5
Accounts payable (29.2) (97.4)
Income taxes payable - parent 17.2 17.9
Other current liabilities 5.7 24.7
Net cash provided from operating activities 386.9 535.5
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (less allowance for equity funds used during construction) (550.2) (580.6)
Cost of removal (37.4) (49.3)
Net cash used in investing activities (587.6) (629.9)
CASH FLOWS FROM FINANCING ACTIVITIES    
Changes in advances with parent 0.7 55.9
Proceeds from long-term debt 0.0 788.8
Payment of long-term debt (0.1) (500.1)
Increase in long-term borrowings under revolver 200.0 0.0
Dividends paid on common stock 0.0 (250.0)
Net cash provided from financing activities 200.6 94.6
NET CHANGE IN CASH AND CASH EQUIVALENTS (0.1) 0.2
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0.2 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 0.1 $ 0.2