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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 245 $ 323
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 376 333
Deferred tax expense (benefit) and tax credits (47) 0
Asset valuation charge for IPL's Lansing Generating Station 60 0
Other (4) (18)
Other changes in assets and liabilities:    
Accounts receivable (242) (186)
Gas stored underground 27 63
Derivative assets (17) 86
Regulatory assets 43 (36)
Accounts payable 75 (84)
Regulatory liabilities (12) (116)
Deferred income taxes 86 24
Other (28) (78)
Net cash flows from operating activities 562 311
Cash flows from (used for) investing activities:    
Utility business construction and acquisition expenditures (870) (758)
Other construction and acquisition expenditures (90) (62)
Cash receipts on sold receivables 306 272
Proceeds from sales of partial ownership interests in West Riverside 123 120
Other (2) (54)
Net cash flows from (used for) investing activities (533) (482)
Cash flows from (used for) financing activities:    
Common stock dividends (246) (226)
Proceeds from issuance of common stock, net 12 76
Proceeds from issuance of long-term debt 969 862
Payments to retire long-term debt (305) (404)
Net change in commercial paper and other short-term borrowings (423) (146)
Other (6) (1)
Net cash flows from (used for) financing activities 1 161
Net increase (decrease) in cash, cash equivalents and restricted cash 30 (10)
Cash, cash equivalents and restricted cash at beginning of period 63 24
Cash, cash equivalents and restricted cash at end of period 93 14
Supplemental cash flows information:    
Interest (207) (179)
Income taxes, net 89 3
Significant non-cash investing and financing activities:    
Accrued capital expenditures 272 300
Beneficial interest obtained in exchange for securitized accounts receivable 171 175
Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]    
Supplemental cash flows information:    
Proceeds from renewable tax credits transferred to other corporate taxpayers 99  
IPL [Member]    
Cash flows from operating activities:    
Net income 81 161
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 193 191
Deferred tax expense (benefit) and tax credits (35) 5
Asset valuation charge for IPL's Lansing Generating Station 60 0
Other 7 (3)
Other changes in assets and liabilities:    
Accounts receivable (251) (216)
Gas stored underground 17 33
Derivative assets (18) 43
Accounts payable 19 (32)
Regulatory liabilities (16) (78)
Deferred income taxes 92 8
Other (2) (60)
Net cash flows from operating activities 147 52
Cash flows from (used for) investing activities:    
Utility business construction and acquisition expenditures (500) (251)
Cash receipts on sold receivables 306 272
Other (15) (36)
Net cash flows from (used for) investing activities (209) (15)
Cash flows from (used for) financing activities:    
Common stock dividends (100) (140)
Capital contributions from parent 125 40
Net change in commercial paper and other short-term borrowings 0 55
Other (7) 2
Net cash flows from (used for) financing activities 18 (43)
Net increase (decrease) in cash, cash equivalents and restricted cash (44) (6)
Cash, cash equivalents and restricted cash at beginning of period 53 15
Cash, cash equivalents and restricted cash at end of period 9 9
Supplemental cash flows information:    
Interest (85) (74)
Income taxes, net 92 25
Significant non-cash investing and financing activities:    
Accrued capital expenditures 119 95
Beneficial interest obtained in exchange for securitized accounts receivable 171 175
IPL [Member] | Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]    
Supplemental cash flows information:    
Proceeds from renewable tax credits transferred to other corporate taxpayers 71  
WPL [Member]    
Cash flows from operating activities:    
Net income 156 160
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 178 137
Other (24) (30)
Other changes in assets and liabilities:    
Accounts receivable 10 33
Gas stored underground 10 31
Derivative assets 3 47
Regulatory assets 44 (35)
Accounts payable 41 (54)
Regulatory liabilities 5 (38)
Other (32) 17
Net cash flows from operating activities 391 268
Cash flows from (used for) investing activities:    
Utility business construction and acquisition expenditures (370) (507)
Proceeds from sales of partial ownership interests in West Riverside 123 120
Other 0 (15)
Net cash flows from (used for) investing activities (247) (402)
Cash flows from (used for) financing activities:    
Common stock dividends (98) (92)
Capital contributions from parent 55 180
Proceeds from issuance of long-term debt 297 297
Net change in commercial paper and other short-term borrowings (318) (246)
Other (7) (7)
Net cash flows from (used for) financing activities (71) 132
Net increase (decrease) in cash, cash equivalents and restricted cash 73 (2)
Cash, cash equivalents and restricted cash at beginning of period 7 5
Cash, cash equivalents and restricted cash at end of period 80 3
Supplemental cash flows information:    
Interest (76) (69)
Income taxes, net (10) (42)
Significant non-cash investing and financing activities:    
Accrued capital expenditures 146 $ 196
WPL [Member] | Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]    
Supplemental cash flows information:    
Proceeds from renewable tax credits transferred to other corporate taxpayers $ 28