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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income $ 261,221 $ 236,570
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 250,343 253,004
Conservation and demand side management program amortization 1,555 1,712
Nuclear fuel amortization 28,862 27,522
Deferred income taxes 150,464 130,662
Amortization of investment tax credits (1,443) (1,657)
Allowance for equity funds used during construction (21,907) (19,754)
Equity earnings of unconsolidated subsidiaries (7,438) (7,577)
Dividends from unconsolidated subsidiaries 8,850 9,539
Share-based compensation expense 5,370 8,167
Net realized and unrealized hedging and derivative transactions 7,384 217
Changes in operating assets and liabilities:    
Accounts receivable (140,962) (72,205)
Accrued unbilled revenues 111,417 76,602
Inventories 140,301 87,865
Other current assets (66,320) (51,203)
Accounts payable (37,730) 5,311
Net regulatory assets and liabilities (253) 88,572
Other current liabilities 1,008 20,318
Pension and other employee benefit obligations (125,780) (181,091)
Change in other noncurrent assets 48,054 24,594
Change in other noncurrent liabilities (20,347) 5,160
Net cash provided by operating activities 592,649 642,328
Investing activities    
Utility capital/construction expenditures (822,628) (752,251)
Proceeds from insurance recoveries 4,260 23,500
Allowance for equity funds used during construction 21,907 19,754
Purchases of investments in external decommissioning fund (229,548) (586,239)
Proceeds from the sale of investments in external decommissioning fund 227,901 584,948
Investment in WYCO Development LLC (1,161) (231)
Other, net (1,501) (2,745)
Net cash used in investing activities (800,770) (713,264)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 6,000 (177,000)
Proceeds from issuance of long-term debt 295,999 494,282
Repayments of long-term debt, including reacquisition premiums (224) (251,367)
Proceeds from issuance of common stock 63,548 160,084
Dividends paid (132,033) (124,426)
Net cash provided by financing activities 233,290 101,573
Net change in cash and cash equivalents 25,169 30,637
Cash and cash equivalents at beginning of period 107,144 82,323
Cash and cash equivalents at end of period 132,313 112,960
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (152,522) (153,498)
Cash (paid) received for income taxes, net (164) 17,939
Supplemental disclosure of non-cash investing and financing transactions:    
Property, plant and equipment additions in accounts payable 290,058 256,530
Issuance of common stock for reinvested dividends and 401(k) plans $ 14,525 $ 18,791