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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 301.1 $ 302.7
Reconciliation to cash provided by operating activities    
Depreciation and amortization 287.4 259.6
Deferred income taxes and investment tax credits, net (98.3) (67.3)
Contributions and payments related to pension and OPEB plans (4.6) (5.3)
Change in –    
Accounts receivable and unbilled revenues 124.0 74.4
Prepaid taxes 53.0 32.3
Other current assets 8.4 17.3
Accounts payable (96.0) (65.0)
Other current liabilities (4.1) 19.4
Other, net 102.2 198.1
Net cash provided by operating activities 673.1 766.2
Investing activities    
Capital expenditures (395.0) (441.7)
Proceeds from assets transferred to affiliates 0.1 6.1
Payments for assets transferred from affiliates 0.0 (59.8)
Other, net 8.6 8.9
Net cash used in investing activities (386.3) (486.5)
Financing activities    
Change in short-term debt (97.9) 135.1
Retirement of long-term debt 0.0 (250.0)
Payments for finance lease obligations (37.2) 0.0
Equity contribution from parent 105.0 28.0
Payment of dividends to parent (270.0) (200.0)
Other, net (1.2) (1.0)
Net cash used in financing activities (301.3) (287.9)
Net change in cash and cash equivalents (14.5) (8.2)
Cash and cash equivalents at beginning of period 20.2 12.3
Cash and cash equivalents at end of period $ 5.7 $ 4.1