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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 336.2 $ 304.8
Reconciliation to cash provided by operating activities    
Depreciation and amortization 340.7 318.4
Deferred income taxes and ITCs, net (37.2) (43.4)
Change in –    
Accounts receivable and unbilled revenues, net (42.7) 30.6
Prepaid taxes 29.6 34.5
Other current assets 8.4 19.8
Accounts payable 66.0 (69.6)
Accrued taxes 31.2 13.9
Other current liabilities 62.8 7.5
Other, net 36.7 27.9
Net cash provided by operating activities 831.7 644.4
Investing activities    
Capital expenditures (625.9) (462.8)
Proceeds from assets transferred to affiliates 10.7 1.3
Other, net 4.6 9.5
Net cash used in investing activities (610.6) (452.0)
Financing activities    
Change in short-term debt (269.5) (115.5)
Issuance of long-term debt 418.8 0.0
Retirement of long-term debt (300.0) 0.0
Payments for finance lease obligations (49.8) (43.0)
Equity contribution from parent 230.0 130.0
Payment of dividends to parent (240.0) (180.0)
Other, net (7.1) (1.1)
Net cash used in financing activities (217.6) (209.6)
Net change in cash, cash equivalents, and restricted cash 3.5 (17.2)
Cash, cash equivalents, and restricted cash at beginning of period 7.2 19.1
Cash, cash equivalents, and restricted cash at end of period $ 10.7 $ 1.9