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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 111.1 $ 130.4
Reconciliation to cash provided by operating activities    
Depreciation and amortization 118.3 111.2
Deferred income taxes and ITCs, net 40.1 20.8
Change in –    
Accounts receivable and unbilled revenues, net 31.5 66.6
Materials, supplies, and inventories 11.6 20.9
Prepaid taxes (11.0) 1.5
Other current assets 6.5 4.1
Accounts payable (40.1) (59.7)
Amounts refundable to customers (0.7) 12.1
Other current liabilities (4.3) (7.3)
Other, net 3.4 (7.1)
Net cash provided by operating activities 266.4 293.5
Investing activities    
Capital expenditures (195.9) (203.1)
Acquisition of Whitewater 0.0 (38.0)
Acquisition of Red Barn 0.0 (143.8)
Other, net 2.9 (1.5)
Net cash used in investing activities (193.0) (386.4)
Financing activities    
Change in short-term debt (38.9) (13.0)
Payment of dividends to parent (110.0) (95.0)
Equity contribution from parent 75.0 165.0
Other, net (0.9) (0.3)
Net cash provided by (used in) financing activities (74.8) 56.7
Net change in cash, cash equivalents, and restricted cash (1.4) (36.2)
Cash, cash equivalents, and restricted cash at beginning of period 1.4 38.5
Cash, cash equivalents, and restricted cash at end of period $ 0.0 $ 2.3