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STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 231.1 $ 221.6 $ 184.7
Reconciliation to cash provided by operating activities      
Depreciation and amortization 188.6 174.3 166.2
Deferred income taxes and ITCs, net 84.6 40.4 125.2
Change in –      
Accounts receivable and unbilled revenues, net (24.5) 32.2 (8.1)
Materials, supplies, and inventories (20.2) 13.7 (3.4)
Prepaid taxes (1.0) 24.4 (22.0)
Other current assets (3.3) 0.2 (4.0)
Accounts payable 3.2 (47.3) 22.3
Other current liabilities 0.9 (0.2) 0.7
Other, net (21.1) (5.9) (40.5)
Net cash provided by operating activities 438.3 453.4 421.1
Investing activities      
Capital expenditures (389.7) (530.7) (517.8)
Proceeds from cash surrender value of life insurance 0.0 7.1 6.6
Other, net (8.0) (3.4) (4.7)
Net cash used in investing activities (397.7) (527.0) (515.9)
Financing activities      
Retirement of long-term debt (400.0) 0.0 0.0
Issuance of long-term debt 450.0 0.0 300.0
Change in short-term debt 120.5 119.0 (192.9)
Payment of dividends to parent (260.0) (260.0) (120.0)
Equity contribution from parent 55.0 215.0 105.0
Other, net (6.4) 0.0 (3.9)
Net cash provided by (used in) financing activities (40.9) 74.0 88.2
Net change in cash and cash equivalents (0.3) 0.4 (6.6)
Cash and cash equivalents at beginning of year 2.7 2.3 8.9
Cash and cash equivalents at end of year $ 2.4 $ 2.7 $ 2.3