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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net Income $ 608,721 $ 552,668
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 420,481 379,579
Deferred Income Taxes 81,402 (56,524)
Uncollectible Expense 30,795 22,863
Pension, SERP and PBOP Income, Net (28,287) (18,811)
Regulatory Over Recoveries, Net 126,339 84,461
Amortization 402,764 455,449
Cost of Removal Expenditures (41,385) (67,151)
Other 28,255 15,840
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (264,738) (288,984)
Taxes Receivable/Accrued, Net 247,015 288,790
Accounts Payable (145,387) (131,367)
Other Current Assets and Liabilities, Net (141,649) (196,218)
Net Cash Flows Provided by Operating Activities 1,324,326 1,040,595
Investing Activities:    
Investments in Property, Plant and Equipment (1,009,311) (1,007,384)
Proceeds from Sales of Marketable Securities 40,954 64,007
Purchases of Marketable Securities (37,075) (61,049)
Payments for Offshore Wind Contingent Liability (150,001) 0
Investments in Unconsolidated Affiliates 0 (504)
Other Investing Activities 5,490 5,700
Net Cash Flows Used in Investing Activities (1,149,943) (999,230)
Financing Activities:    
Cash Dividends on Common Shares (290,023) (270,232)
Cash Dividends on Preferred Stock (1,880) (1,880)
Decrease in Notes Payable (992,445) (552,694)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 1,502,574 1,201,407
Retirement of Long-Term Debt (250,116) (300,051)
Other Financing Activities (29,342) (23,000)
Net Cash Flows (Used In)/Provided by Financing Activities (82,837) 31,945
Net (Decrease)/Increase in Cash and Restricted Cash 91,546 73,310
Cash and Restricted Cash - Beginning of Period 246,245 127,308
Cash and Restricted Cash - End of Period $ 337,791 $ 200,618