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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 984,485 $ 1,021,306 $ 948,234
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 1,142,966 1,036,515 1,001,843
Conservation and demand side management program amortization 5,225 6,033 6,531
Nuclear fuel amortization 106,424 114,542 98,089
Deferred income taxes 535,868 569,378 515,062
Amortization of investment tax credits (5,277) (5,543) (5,753)
Allowance for equity funds used during construction (55,936) (89,750) (87,683)
Equity earnings of unconsolidated subsidiaries (34,390) (30,151) (30,020)
Dividends from unconsolidated subsidiaries 40,128 36,707 36,416
Provision for bad debts 36,074 42,765 37,627
Share-based compensation expense 44,928 32,189 24,613
Gain on sale of transmission assets 0 0 (13,661)
Loss on Monticello life cycle management/extended power uprate project 129,463 0 0
Net realized and unrealized hedging and derivative transactions 21,919 5,506 (4,704)
Other, net (1,326) 0 0
Changes in operating assets and liabilities:      
Accounts receivable 65,826 (125,146) (108,911)
Accrued unbilled revenues 73,625 (41,262) (23,867)
Inventories (11,240) (20,558) (43,588)
Other current assets 9,273 (111,300) (18,071)
Accounts payable (120,002) (53,242) 132,441
Net regulatory assets and liabilities 102,465 195,823 141,325
Other current liabilities 66,134 137,147 126,555
Pension and other employee benefit obligations (69,256) (101,457) (156,369)
Change in other noncurrent assets 10,553 44,364 (9,998)
Change in other noncurrent liabilities (52,090) (15,674) 17,925
Net cash provided by operating activities 3,025,839 2,648,192 2,584,036
Investing activities      
Utility capital/construction expenditures (3,683,359) (3,199,791) (3,395,325)
Allowance for equity funds used during construction 55,936 89,750 87,683
Proceeds from sale of transmission assets 0 0 37,118
Proceeds from insurance recoveries 27,237 6,000 90,000
Purchases of investments in external decommissioning fund (1,257,924) (595,569) (1,481,881)
Proceeds from the sale of investments in external decommissioning fund 1,236,873 588,430 1,461,291
Investments in WYCO Development LLC and other (1,392) (2,376) (7,504)
Other, net (145) (3,695) (4,766)
Net cash used in investing activities (3,622,774) (3,117,251) (3,213,384)
Financing activities      
(Repayments of) proceeds from short-term borrowings, net (173,500) 260,500 157,000
Proceeds from issuance of long-term debt 1,626,212 837,584 1,431,895
Repayments of long-term debt (250,882) (275,948) (652,451)
Proceeds from issuance of common stock 7,011 180,798 231,767
Dividends paid (606,574) (561,411) (514,042)
Net cash provided by financing activities 602,267 441,523 654,169
Net change in cash and cash equivalents 5,332 (27,536) 24,821
Cash and cash equivalents at beginning of period 79,608 107,144 82,323
Cash and cash equivalents at end of period 84,940 79,608 107,144
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (542,860) (512,602) (514,911)
Cash received (paid) for income taxes, net 58,287 (4,542) 17,188
Supplemental disclosure of non-cash investing and financing transactions:      
Property, plant and equipment additions in accounts payable 321,969 417,473 452,453
Issuance of common stock for reinvested dividends and 401(k) plans $ 52,911 $ 62,078 $ 56,950