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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 $ 425.5 $ 619.0 $ 338.2
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 321.6 283.5 322.6
Deferred income taxes and investment tax credits, net 78.5 (50.0) 153.8
Equity in earnings of unconsolidated affiliates (152.8) (131.2) (101.8)
Distributions from unconsolidated affiliates 141.2 131.2 102.3
Allowance for equity funds used during construction (23.8) (39.7) (14.2)
Stock-based compensation expense 13.4 9.1 4.7
Regulatory assets 10.8 (3.7) 21.4
Regulatory liabilities (16.5) (3.7) (11.8)
Other assets 6.2 (0.7) 15.4
Other liabilities 1.0 (65.5) (18.9)
Change in certain current assets and liabilities:      
Accounts receivable and accrued unbilled revenues, net 19.8 (21.8) (6.9)
Income taxes receivable (4.1) 13.6 (2.2)
Fuel, materials and supplies inventories 27.3 (3.6) 32.4
Fuel recoveries (3.4) 53.0 (112.6)
Other current assets 25.1 27.2 (26.2)
Accounts payable 29.7 27.1 (45.1)
Other current liabilities 73.2 (66.7) 36.4
Net cash provided from operating activities 951.1 784.5 644.7
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (less allowance for equity funds used during construction) (573.6) (824.1) (660.1)
Investment in unconsolidated affiliates (2.5) (8.5) 0.0
Return of capital - unconsolidated affiliates 0.0 10.0 38.8
Proceeds from sale of assets 0.1 0.7 0.9
Net cash used in investing activities (576.0) (821.9) (620.4)
CASH FLOWS FROM FINANCING ACTIVITIES      
(Decrease) increase in short-term debt (168.4) (67.8) 236.2
Proceeds from long-term debt 396.0 592.1 0.0
Payment of long-term debt (250.1) (225.1) (110.2)
Dividends paid on common stock (272.2) (247.6) (225.1)
Expense of common stock (0.1) (0.1) 0.0
Other (0.4) 0.0 (0.1)
Net cash (used in) provided from financing activities (295.2) 51.5 (99.2)
NET CHANGE IN CASH AND CASH EQUIVALENTS 79.9 14.1 (74.9)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 14.4 0.3 75.2
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 94.3 $ 14.4 $ 0.3