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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 201.4 $ 192.2
Reconciliation to cash provided by operating activities    
Depreciation and amortization 140.0 129.7
Deferred income taxes and ITCs, net 54.9 51.3
Change in –    
Accounts receivable and unbilled revenues, net 7.1 44.9
Materials, supplies, and inventories (4.7) 0.7
Prepaid taxes 10.9 26.1
Other current assets 0.2 7.0
Accounts payable (17.3) (38.3)
Accrued taxes 14.2 3.1
Other current liabilities 32.4 (0.5)
Other, net (14.2) (2.1)
Net cash provided by operating activities 424.9 414.1
Investing activities    
Capital expenditures (280.2) (381.0)
Proceeds from cash surrender value of life insurance 0.0 7.1
Payments for assets transferred from affiliates (5.3) 0.0
Other, net (0.2) 0.0
Net cash used in investing activities (285.7) (373.9)
Financing activities    
Change in short-term debt (104.0) (75.5)
Payment of dividends to parent (90.0) (170.0)
Equity contribution from parent 55.0 205.0
Net cash used in financing activities (139.0) (40.5)
Net change in cash and cash equivalents 0.2 (0.3)
Cash and cash equivalents at beginning of period 2.7 2.3
Cash and cash equivalents at end of period $ 2.9 $ 2.0