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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss), including loss from discontinued operations in 2024 $ 84,920 $ (1,356,347)
Adjustments to reconcile net income (loss) to net cash provided by operating activities - continuing operations    
Loss from discontinued operations 0 6,075
Depreciation of property, plant and equipment 195,891 196,894
Other amortization 30,732 23,251
Loss on sale of subsidiaries and impairment loss on assets sold and held for sale 12,376 0
Deferred income tax benefit (13,333) (498,131)
Share-based compensation expense 2,922 2,163
Allowance for equity funds used during construction (11,108) (10,276)
Assets impairment 0 39,642
Other (4,528) (7,984)
Changes in assets and liabilities    
Decrease (increase) in accounts receivable and unbilled revenues, net (54,014) 49,063
Decrease (increase) in fuel oil stock (13,200) 38,152
Decrease (increase) in materials and supplies (14,412) 440
Decrease (increase) in regulatory assets 2,839 (13,263)
Increase in regulatory liabilities 65,674 33,461
Increase in accounts, interest and dividends payable 3,372 66,049
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes (15,761) (33,217)
Decrease in defined benefit pension and other postretirement benefit plans liability (4,263) (5,949)
Increase in wildfire-related claims 47,750 1,840,000
Change in other assets and liabilities (31,189) (67,560)
Net cash provided by operating activities-continuing operations 284,668 302,463
Net cash provided by operating activities-discontinued operations 0 48,448
Net cash provided by operating activities 284,668 350,911
Cash flows from investing activities    
Proceeds from sale of subsidiaries 13,781 0
Capital expenditures (255,450) (256,920)
Other 4,316 1,808
Net cash used in investing activities-continuing operations (237,353) (255,112)
Net cash provided by investing activities-discontinued operations 0 231,052
Net cash used in investing activities (237,353) (24,060)
Cash flows from financing activities    
Repayment of short-term debt (50,000) 0
Proceeds from issuance of long-term debt 500,000 5,204
Repayment of long-term debt (694,475) (12,865)
Withheld shares for employee taxes on vested share-based compensation (178) (1,074)
Net proceeds from issuance of common stock 0 556,724
Preferred stock dividends of subsidiaries (1,417) (1,417)
Other (16,887) (12,415)
Net cash provided by (used in) financing activities-continuing operations (262,957) 534,157
Net cash used in financing activities-discontinued operations 0 (382,302)
Net cash provided by (used in) financing activities (262,957) 151,855
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash from discontinued operations (215,642) 478,706
Cash, cash equivalents and restricted cash, including cash from discontinued operations, beginning of period 1,242,852 694,574
Cash, cash equivalents and restricted cash, including cash from discontinued operations, end of period 1,027,210 1,173,280
Less: Restricted cash (478,968) (13,645)
Less: Cash from discontinued operations 0 (332,653)
Cash and cash equivalents from continuing operations, end of period $ 548,242 $ 826,982