XML 14 R5.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 147.3 $ 165.7
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 166.7 159.7
Deferred income taxes and investment tax credits, net (1.9) 19.4
Equity in earnings of unconsolidated affiliates (66.5) (63.2)
Distributions from unconsolidated affiliates 70.6 63.2
Allowance for equity funds used during construction (2.7) (13.3)
Stock-based compensation expense 5.9 5.8
Regulatory assets (25.6) (1.6)
Regulatory liabilities (21.1) 1.9
Other assets 3.2 (7.3)
Other liabilities 13.9 (0.6)
Change in certain current assets and liabilities:    
Accounts receivable and accrued unbilled revenues, net (12.5) (51.5)
Increase (Decrease) in Income Taxes Receivable (3.6) 2.0
Fuel, materials and supplies inventories 7.2 0.1
Fuel recoveries (28.9) 37.0
Other current assets (4.5) 22.0
Accounts payable (83.4) (45.7)
Other current liabilities (36.1) 50.0
Net cash provided from operating activities 128.8 354.2
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (less allowance for equity funds used during construction) (314.5) (273.8)
Investment in unconsolidated affiliates (3.2) (0.5)
Return of capital - unconsolidated affiliates 0.0 7.4
Net cash used in investing activities (317.7) (266.9)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Issuance of Long-term Debt 295.9 0.0
Increase in short-term debt 207.5 31.7
Payment of long-term debt (250.0) 0.0
Dividends paid on common stock (148.6) (133.0)
Expense of common stock (10.2) (0.4)
Net cash provided from (used in) financing activities 94.6 (101.7)
NET CHANGE IN CASH AND CASH EQUIVALENTS (94.3) (14.4)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 94.3 14.4
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 0.0 $ 0.0