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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net Income/(Loss) $ 1,276,705 $ 744,772
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 1,160,563 1,060,650
Deferred Income Taxes 15,618 343,004
Uncollectible Expense 59,614 55,438
Pension, SERP and PBOP Income, Net (60,000) (54,663)
Pension Contributions (2,500) (5,000)
Regulatory Over/(Under) Recoveries, Net 214,614 (476,419)
Amortization 672,798 127,495
Cost of Removal Expenditures (201,665) (202,167)
Losses on Offshore Wind 284,000 464,019
Other 90,609 (77,264)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 25,536 (177,806)
Taxes Receivable/Accrued, Net 92,980 89,730
Accounts Payable (203,268) (231,898)
Other Current Assets and Liabilities, Net (228,089) (142,285)
Net Cash Flows Provided by Operating Activities 3,197,515 1,517,606
Investing Activities:    
Investments in Property, Plant and Equipment (3,175,358) (3,291,850)
Proceeds from Sales of Marketable Securities 256,250 146,369
Purchases of Marketable Securities (242,530) (133,544)
Payments for Offshore Wind Contingent Liability (141,342) 0
Investments in Unconsolidated Affiliates (588) (929,651)
Proceeds from Sales of Offshore Wind Investments 0 862,713
Other Investing Activities 10,785 22,506
Net Cash Flows Used in Investing Activities (3,292,783) (3,323,457)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 465,398 830,178
Cash Dividends on Common Shares (816,429) (745,221)
Cash Dividends on Preferred Stock (5,639) (5,639)
(Decrease)/Increase in Notes Payable (525,293) (1,278,252)
Repayment of Rate Reduction Bonds (43,210) (43,210)
Issuance of Long-Term Debt 2,040,282 4,400,000
Retirement of Long-Term Debt (750,225) (1,260,148)
Other Financing Activities (30,196) (55,474)
Net Cash Flows Provided by Financing Activities 334,688 1,842,234
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 239,420 36,383
Cash and Restricted Cash - Beginning of Period 127,308 166,418
Cash, Cash Equivalents and Restricted Cash - End of Period $ 366,728 $ 202,801