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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - I&M - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization $ 2,566.1 $ 2,461.7
Deferred Income Taxes 123.6 89.5
Asset Impairments and Other Related Charges 0.0 142.5
Allowance for Equity Funds Used During Construction (172.9) (153.0)
Mark-to-Market of Risk Management Contracts (192.6) (97.6)
Deferred Fuel Over/Under-Recovery, Net 164.7 304.6
Change in Other Noncurrent Assets (719.7) (244.0)
Change in Other Noncurrent Liabilities 133.8 193.8
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (212.4) (131.8)
Fuel, Materials and Supplies 150.7 188.5
Accounts Payable 327.3 14.2
Accrued Taxes, Net (687.2) (532.3)
Other Current Assets 37.7 (139.2)
Other Current Liabilities 74.3 161.8
Net Cash Flows from Operating Activities 5,130.8 5,076.9
INVESTING ACTIVITIES    
Construction Expenditures (6,001.2) (5,168.6)
Purchases of Investment Securities (2,407.0) (2,398.0)
Sales of Investment Securities 2,349.2 2,343.5
Acquisitions of Nuclear Fuel (88.9) (98.4)
Other Investing Activities 43.5 73.0
Net Cash Flows Used for Investing Activities (7,749.1) (4,769.5)
FINANCING ACTIVITIES    
Issuance of Long-term Debt 6,249.2 3,748.5
Retirement of Long-term Debt (2,803.8) (1,969.1)
Principal Payments for Finance Lease Obligations (37.9) (51.2)
Dividends Paid on Common Stock (1,497.9) (1,402.7)
Other Financing Activities 2.8 (50.4)
Net Cash Flows from (Used for) Financing Activities 3,479.1 (387.2)
Net Increase in Cash and Cash Equivalents 860.8 (79.8)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 246.0 379.0
Cash, Cash Equivalents and Restricted Cash at End of Period 1,106.8 299.2
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 1,315.1 1,247.3
Net Cash Paid (Received) for Income Taxes 60.1 87.9
Noncash Acquisitions Under Finance Leases 30.0 24.5
Construction Expenditures Included in Current Liabilities as of September 30, 1,168.8 1,015.1
Acquisition of Nuclear Fuel Included in Current Liabilities as of September 30, 1.4 8.2
I&M    
OPERATING ACTIVITIES    
Net Income 331.3 359.3
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 386.4 359.2
Deferred Income Taxes (51.9) (70.7)
Deferral of Incremental Nuclear Refueling Outage Expenses, Net (40.0) (3.2)
Asset Impairments and Other Related Charges 0.0 13.4
Allowance for Equity Funds Used During Construction (13.1) (10.1)
Mark-to-Market of Risk Management Contracts 7.8 16.3
Amortization of Nuclear Fuel 80.9 74.3
Deferred Fuel Over/Under-Recovery, Net 21.4 (13.7)
Change in Other Noncurrent Assets (19.6) 24.4
Change in Other Noncurrent Liabilities 111.8 49.5
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (1.4) (8.1)
Fuel, Materials and Supplies 38.9 13.8
Accounts Payable 78.5 (57.7)
Accrued Taxes, Net (19.3) (56.1)
Other Current Assets 9.8 (2.0)
Other Current Liabilities 19.4 (10.2)
Net Cash Flows from Operating Activities 940.9 678.4
INVESTING ACTIVITIES    
Construction Expenditures (478.3) (434.7)
Change in Advances to Affiliates, Net (157.2) 0.0
Purchases of Investment Securities (2,386.5) (2,389.0)
Sales of Investment Securities 2,332.2 2,336.0
Acquisitions of Nuclear Fuel (88.9) (98.4)
Other Investing Activities 31.2 5.7
Net Cash Flows Used for Investing Activities (747.5) (580.4)
FINANCING ACTIVITIES    
Capital Contribution from Parent 8.7 5.0
Return of Capital to Parent 0.0 (1.8)
Issuance of Long-term Debt 249.0 80.4
Change in Advances from Affiliates, Net (126.8) 13.7
Retirement of Long-term Debt (269.9) (76.1)
Principal Payments for Finance Lease Obligations (4.8) (5.2)
Dividends Paid on Common Stock (50.0) (112.5)
Other Financing Activities 0.7 0.5
Net Cash Flows from (Used for) Financing Activities (193.1) (96.0)
Net Increase in Cash and Cash Equivalents 0.3 2.0
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1.5 2.1
Cash, Cash Equivalents and Restricted Cash at End of Period 1.8 4.1
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 111.1 111.5
Net Cash Paid (Received) for Income Taxes 0.9 (4.4)
Noncash Acquisitions Under Finance Leases 1.7 1.1
Construction Expenditures Included in Current Liabilities as of September 30, 74.9 69.6
Acquisition of Nuclear Fuel Included in Current Liabilities as of September 30, $ 1.4 $ 8.2