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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 156.2 $ 143.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 132.5 126.4
Deferred financing cost amortization 5.5 4.9
Stock compensation 5.4 4.3
Deferred income taxes 36.6 9.2
Employee benefit plans 5.6 5.9
Other adjustments, net (4.0) (6.7)
Change in certain operating assets and liabilities:    
Materials, supplies and fuel 29.0 73.0
Accounts receivable and other current assets 117.1 266.8
Accounts payable and other current liabilities (77.4) (201.4)
Regulatory assets 69.8 186.7
Other operating activities, net (12.3) (7.9)
Net cash provided by operating activities 464.0 605.1
Investing activities:    
Property, plant and equipment additions (342.4) (261.7)
Other investing activities 1.7 16.3
Net cash (used in) investing activities (340.7) (245.4)
Financing activities:    
Dividends paid on common stock (89.3) (83.1)
Common stock issued 73.0 54.7
Net borrowings (payments) of Revolving Credit Facility and CP Program 0.0 (535.6)
Long-term debt - issuance 450.0 350.0
Distributions to non-controlling interests (10.0) (9.0)
Other financing activities (8.3) (5.1)
Net cash provided by (used in) financing activities 415.4 (228.1)
Net change in cash, restricted cash and cash equivalents 538.7 131.6
Cash, restricted cash and cash equivalents beginning of period 93.0 27.0
Cash, restricted cash and cash equivalents end of period 631.7 158.6
Supplemental cash flow information:    
Interest (net of amounts capitalized) (89.5) (75.5)
Income taxes, net of transferred tax credits (Note 11) 14.7 0.0
Accrued property, plant and equipment purchases at June 30, $ 73.0 $ 50.1