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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income $ 174.1 $ 172.2 $ 155.8
AFUDC – Equity (1.2) (1.2) (2.1)
Income from Equity Investments – Net of Dividends (2.3) (3.2) (5.7)
Impairment of Goodwill [1] 0.0 0.0 3.3
Change in Fair Value of Contingent Consideration [2] (2.0) (0.7) (13.6)
Deferred Fuel Adjustment Clause Charge 0.0 19.5 0.0
Loss (Gain) on Sales of Investments and Property, Plant and Equipment 1.0 0.4 (6.0)
Depreciation Expense 200.1 171.9 190.6
Amortization of PSAs (23.6) (23.6) (22.3)
Amortization of Other Intangible Assets and Other Assets 10.4 10.2 10.3
Deferred Income Tax Expense (Benefit) (15.8) 14.4 19.4
Share-Based and ESOP Compensation Expense 6.8 6.6 5.1
Defined Benefit Pension and Other Postretirement Benefit Expense 8.6 10.1 4.6
Bad Debt Expense 1.1 0.8 4.1
Provision for Interim Rate Refund 16.3 32.3 0.0
Provision for Tax Reform Refund 10.7 0.0 0.0
Changes in Operating Assets and Liabilities      
Accounts Receivable (10.7) (8.0) (4.7)
Inventories 55.5 11.9 13.3
Prepayments and Other (4.0) (5.3) (6.9)
Accounts Payable 13.6 (7.5) 6.5
Other Current Liabilities 6.7 1.8 (10.9)
Cash Contributions to Defined Benefit Pension Plans (15.0) (1.7) (6.3)
Changes in Regulatory and Other Non-Current Assets 6.7 33.7 (10.7)
Changes in Regulatory and Other Non-Current Liabilities (3.9) (31.7) 11.1
Cash from Operating Activities 433.1 402.9 334.9
Investing Activities      
Proceeds from Sale of Available-for-sale Securities 10.2 10.1 9.0
Payments for Purchase of Available-for-sale Securities (13.3) (8.6) (9.4)
Acquisitions of Subsidiaries – Net of Cash and Restricted Cash Acquired 0.0 (18.5) (5.8)
Equity Investments (39.2) (7.8) (5.4)
Additions to Property, Plant and Equipment (312.4) (208.5) (265.6)
Other Investing Activities 5.7 4.3 5.1
Cash for Investing Activities (349.0) (229.0) (272.1)
Financing Activities      
Proceeds from Issuance of Common Stock 20.3 86.0 30.9
Proceeds from Issuance of Long-Term Debt 75.6 131.5 4.8
Repayments of Long-Term Debt (95.5) (189.6) (57.7)
Acquisition of Non-Controlling Interest 0.0 0.0 (8.0)
Acquisition-Related Contingent Consideration Payments 0.0 (19.7) (0.9)
Dividends on Common Stock (115.0) (108.7) (102.7)
Other Financing Activities (0.6) (1.6) (1.6)
Cash for Financing Activities (115.2) (102.1) (135.2)
Change in Cash, Cash Equivalents and Restricted Cash (31.1) 71.8 (72.4)
Cash, Cash Equivalents and Restricted Cash $ 79.0 $ 110.1 $ 38.3
[1] See Goodwill and Intangible Assets.
[2] See Note 9. Fair Value.