XML 17 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 59,524 $ 77,968 $ 64,049
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 201,475 188,477 182,663
(Deferral) amortization of regulatory assets (8,731) 1,123 3,686
Amortization of debt premium 596 942 865
Deferred income taxes and investment tax credit adjustments - net 31,566 47,455 (10,284)
Loss on early extinguishment of debt 21,956 0 377
Allowance for equity funds used during construction (14,996) (7,136) (4,088)
Gain on sale of nonutility property 0 0 (297)
Change in certain assets and liabilities:      
Accounts receivable 15,542 3,699 (1,900)
Fuel, materials and supplies (18,372) 5,094 (10,337)
Income taxes receivable or payable 0 590 3,026
Financial transmission rights 2,086 (1,947) (1,869)
Accounts payable and accrued expenses (716) (24,322) 16,124
Accrued real estate and personal property taxes (1,465) (47) (181)
Accrued interest 965 1,034 (2,288)
Pension and other postretirement benefit expenses (15,730) 2,785 (180,337)
Short-term and long-term regulatory assets and liabilities (22,980) (44,252) 148,169
Prepaids and other current assets (4,949) 1,725 (2,986)
Other - net 6,654 809 6,983
Net cash provided by operating activities 252,425 253,997 211,375
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures - utility (672,849) (381,626) (242,124)
Project development costs (8,980) (9,657) (6,047)
Proceeds from the sales of assets 0 0 225
Grants under the American Recovery and Reinvestment Act of 2009 0 0 923
Cost of removal, net of salvage (12,064) (6,036) (7,553)
Other (1,224) (39) 57
Net cash used in investing activities (695,117) (397,358) (254,519)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Short-term debt borrowings 388,850 105,000 150,500
Short-term debt repayments (272,000) (105,000) (150,500)
Long-term borrowings, net of discount 753,350 128,358 169,728
Retirement of long-term debt and early tender premium (552,179) 0 (110,377)
Dividends on common stock (69,487) (78,400) (59,500)
Issuance of common stock 214,366 0 0
Equity contributions from AES 0 106,400 49,091
Dividends on preferred stock (3,213) (3,213) (3,213)
Deferred financing costs paid (8,824) (1,724) (1,996)
Payments for financed capital expenditures (13,215) 0 0
Other (368) (194) (9)
Net cash provided by financing activities 437,280 151,227 43,724
Net change in cash and cash equivalents (5,412) 7,866 580
Cash and cash equivalents at beginning of period 26,933 19,067 18,487
Cash and cash equivalents at end of period 21,521 26,933 19,067
Cash paid during the period for:      
Interest (net of amount capitalized) 95,137 103,938 106,175
Income taxes 0 0 45,000
Non-cash investing activities:      
Accruals for capital expenditures 79,553 37,293 17,957
Indianapolis Power And Light Company [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income 101,921 109,528 96,552
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 199,551 186,614 180,917
(Deferral) amortization of regulatory assets (8,731) 1,123 3,686
Amortization of debt premium 60 40 30
Deferred income taxes and investment tax credit adjustments - net 33,756 67,831 (10,594)
Allowance for equity funds used during construction (14,996) (7,136) (4,088)
Gain on sale of nonutility property 0 0 (297)
Change in certain assets and liabilities:      
Accounts receivable 15,542 3,699 (1,900)
Fuel, materials and supplies (18,372) 5,094 (10,337)
Income taxes receivable or payable (2,544) 1,171 3,510
Financial transmission rights 2,086 (1,947) (1,869)
Accounts payable and accrued expenses (356) (23,723) 16,290
Accrued real estate and personal property taxes (1,465) (47) (181)
Accrued interest 996 1,034 (2,288)
Pension and other postretirement benefit expenses (15,730) 2,785 (180,338)
Short-term and long-term regulatory assets and liabilities (22,980) (44,252) 148,169
Prepaids and other current assets (4,671) (170) (2,917)
Other - net 5,895 2,385 7,195
Net cash provided by operating activities 269,962 304,029 241,540
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures - utility (672,849) (381,626) (242,124)
Project development costs (8,980) (9,657) (6,047)
Proceeds from the sales of assets 0 0 225
Grants under the American Recovery and Reinvestment Act of 2009 0 0 923
Cost of removal, net of salvage (12,064) (6,036) (7,553)
Other (1,224) (56) 39
Net cash used in investing activities (695,117) (397,375) (254,537)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Short-term debt borrowings 388,850 105,000 150,500
Short-term debt repayments (272,000) (105,000) (150,500)
Long-term borrowings, net of discount 348,638 128,358 169,728
Retirement of long-term debt and early tender premium (131,850) 0 (110,377)
Dividends on common stock (103,747) (127,400) (90,150)
Equity contributions from AES 214,364 106,400 49,091
Dividends on preferred stock (3,213) (3,213) (3,213)
Payments for financed capital expenditures (13,215) 0 0
Other (3,819) (1,920) (2,004)
Net cash provided by financing activities 424,008 102,225 13,075
Net change in cash and cash equivalents (1,147) 8,879 78
Cash and cash equivalents at beginning of period 20,999 12,120 12,042
Cash and cash equivalents at end of period 19,852 20,999 12,120
Cash paid during the period for:      
Interest (net of amount capitalized) 53,447 54,938 57,175
Income taxes 25,000 0 64,950
Non-cash investing activities:      
Accruals for capital expenditures $ 79,553 $ 37,293 $ 17,957