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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 737.3 $ (173.7) $ 433.6
Gain (Loss) on Disposition of Assets (353.0) 0.0 0.0
Adjustments to reconcile net income (loss) to net cash (used in) provided from operating activities:      
Depreciation and amortization 416.0 391.3 355.0
Deferred income taxes and other tax credits, net 125.9 (134.5) 27.6
Equity in (earnings) losses of unconsolidated affiliates (169.8) 668.0 [1],[2] (113.9) [1]
Distributions from unconsolidated affiliates 73.4 91.7 125.5
Unrealized Gain (Loss) on Investments 8.6 0.0 0.0
Allowance for equity funds used during construction (6.7) (4.8) (4.5)
Stock-based compensation expense 9.8 9.8 13.9
Regulatory assets 874.9 112.0 47.1
Regulatory liabilities (71.2) (64.0) (45.6)
Other assets (9.8) (9.2) (3.8)
Other liabilities (8.1) (26.3) 19.2
Change in certain current assets and liabilities:      
Accounts receivable and accrued unbilled revenues, net (1.9) 3.1 18.8
Income taxes receivable 5.5 2.8 (1.0)
Fuel, materials and supplies inventories (3.4) (8.9) 4.2
Fuel recoveries (180.5) 63.3 (33.0)
Other current assets (22.7) (16.8) 5.1
Accounts payable 7.5 59.8 (34.5)
Other current liabilities 4.7 (26.8) (38.0)
Net cash (used in) provided from operating activities (313.3) 712.8 681.5
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (less allowance for equity funds used during construction) (778.5) (650.5) (635.5)
Other (5.6) (4.4) (7.7)
Return of capital - unconsolidated affiliates 0.0 0.0 18.5
Proceeds from Divestiture of Businesses and Interests in Affiliates 35.0 0.0 0.0
Net cash used in investing activities (749.1) (654.9) (624.7)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase (decrease) in short-term debt 391.9 (17.0) 112.0
Proceeds from long-term debt 997.8 297.1 296.5
Payment of long-term debt (0.1) (0.1) (250.1)
Dividends paid on common stock (324.9) (314.9) (299.2)
Cash paid for employee equity-based compensation and expense of common stock (3.4) (7.1) (10.3)
Other 0.0 (0.1) 0.0
Purchase of treasury stock 0.0 (14.7) 0.0
Net cash provided from (used in) financing activities 1,061.3 (56.8) (151.1)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1.1) 1.1 (94.3)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1.1 0.0 94.3
CASH AND CASH EQUIVALENTS AT END OF YEAR 0.0 1.1 0.0
Interest costs capitalized 3.5 1.9 2.8
Interest (net of interest capitalized) 156.4 153.4 152.2
Income taxes (net of income tax refunds) 8.7 3.9 5.5
Power plant long-term service agreement 2.4 6.8 28.9
Noncash or Part Noncash Acquisition, Investments Acquired 793.7 0.0 0.0
Og and E [Member]      
Adjustments to reconcile net income (loss) to net cash (used in) provided from operating activities:      
Depreciation and amortization 416.0 391.3 355.0
Deferred income taxes and other tax credits, net 44.6 40.9 20.4
Allowance for equity funds used during construction (6.7) (4.8) (4.5)
Stock-based compensation expense 2.2 3.0 4.9
Regulatory assets 874.9 112.0 47.1
Regulatory liabilities (71.2) (64.0) (45.6)
Other assets (2.2) (3.4) 3.8
Other liabilities (11.2) (24.3) 8.4
Change in certain current assets and liabilities:      
Accounts receivable and accrued unbilled revenues, net (3.0) 4.5 17.0
Fuel, materials and supplies inventories (3.4) (8.9) 4.2
Fuel recoveries (180.5) 63.3 (33.0)
Other current assets (21.4) (17.3) 5.9
Accounts payable (11.0) 64.8 (30.0)
Other current liabilities 3.3 (26.8) (35.1)
Net cash (used in) provided from operating activities (358.7) 640.4 573.8
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (less allowance for equity funds used during construction) (778.5) (650.5) (635.5)
Net cash used in investing activities (778.5) (650.5) (635.5)
Proceeds from Contributions from Parent 530.0 0.0 0.0
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt 499.8 297.1 296.5
Payment of long-term debt (0.1) (0.1) (250.1)
Dividends paid on common stock (265.0) (325.0) 0.0
Net cash provided from (used in) financing activities 1,137.2 10.1 61.7
NET CHANGE IN CASH AND CASH EQUIVALENTS 0.0 0.0 0.0
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 0.0 0.0 0.0
CASH AND CASH EQUIVALENTS AT END OF YEAR 0.0 0.0 0.0
Interest costs capitalized 3.5 1.9 2.8
Net Income (Loss) Attributable to Parent 360.0 339.4 350.2
Increase (Decrease) in Income Taxes Payable 0.7 (5.3) (0.7)
Changes In Advances With Parent 372.5 38.1 15.3
Interest (net of interest capitalized) 148.9 150.2 144.6
Income taxes (net of income tax refunds) (3.2) (0.2) 1.3
Power plant long-term service agreement $ 2.4 $ 6.8 $ 28.9
[1] For the year ended December 31, 2020, Enable recorded a $225.0 million impairment on its SESH equity method investment. Enable estimated the fair value of this equity method investment was below the carrying value at September 30, 2020 and concluded the decline in value was other than temporary due to the expiration of a transportation contract and the current status of renewal negotiations. The impairment ran through OGE Energy's portion of Enable net income and was offset by basis differences that flow through the amortization of basis difference and dilution recognition line item above
[2] In March 2020, OGE Energy recorded a $780.0 million impairment on its investment in Enable, as further discussed in Notes 5 and 7.