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STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 184.7 $ 172.8 $ 154.9
Reconciliation to cash provided by operating activities      
Depreciation and amortization 166.2 141.9 139.3
Deferred income taxes and investment tax credits, net 125.2 20.6 77.7
Contributions and payments related to pension and OPEB plans (0.6) (0.7) (66.7)
Cash received for pension plan assets transferred 0.0 0.0 157.8
Change in –      
Collateral on deposit (4.2) 4.4 10.2
Accounts receivable and unbilled revenues (8.1) (28.5) (15.8)
Materials, supplies, and inventories (3.4) 4.3 18.9
Prepaid taxes (22.0) 11.3 4.6
Other current assets 0.2 0.9 0.4
Accounts payable 22.3 77.6 (6.3)
Other current liabilities 0.7 11.9 1.2
Other, net (39.9) 18.0 0.4
Net cash provided by operating activities 421.1 434.5 476.6
Investing activities      
Capital expenditures (517.8) (444.3) (335.8)
Proceeds from cash surrender value of insurance 6.6 0.0 0.0
Acquisition of Forward Wind Energy Center 0.0 (77.1) 0.0
Payments for assets transferred from WBS 0.0 (30.0) (10.1)
Other, net (4.7) (0.9) 3.5
Net cash used in investing activities (515.9) (552.3) (342.4)
Financing activities      
Retirement of long-term debt 0.0 (250.0) (125.0)
Issuance of long-term debt 300.0 400.0 0.0
Change in short-term debt (192.9) (8.7) 116.3
Payment of dividends to parent (120.0) (140.0) (195.0)
Equity contribution from parent 105.0 120.0 75.0
Other, net (3.9) (2.5) (0.7)
Net cash provided by (used in) financing activities 88.2 118.8 (129.4)
Net change in cash and cash equivalents (6.6) 1.0 4.8
Cash and cash equivalents at beginning of year 8.9 7.9 3.1
Cash and cash equivalents at end of year $ 2.3 $ 8.9 $ 7.9