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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 1,123,379 $ 984,485 $ 1,021,306
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 1,318,752 1,142,966 1,036,515
Conservation and demand side management program amortization 3,854 5,225 6,033
Nuclear fuel amortization 116,982 106,424 114,542
Deferred income taxes 586,650 535,868 569,378
Amortization of investment tax credits (5,203) (5,277) (5,543)
Allowance for equity funds used during construction (60,547) (55,936) (89,750)
Equity earnings of unconsolidated subsidiaries (42,123) (34,390) (30,151)
Dividends from unconsolidated subsidiaries 46,170 40,128 36,707
Provision for bad debts 38,960 36,074 42,765
Share-based compensation expense 41,170 44,928 32,189
Loss on Monticello life cycle management/extended power uprate project 0 129,463 0
Net realized and unrealized hedging and derivative transactions 7,939 21,919 5,506
Other, net (889) (1,326) 0
Changes in operating assets and liabilities:      
Accounts receivable (83,170) 65,826 (125,146)
Accrued unbilled revenues (74,965) 73,625 (41,262)
Inventories 1,349 (11,240) (20,558)
Other current assets 61,515 9,273 (111,300)
Accounts payable 117,744 (120,002) (53,242)
Net regulatory assets and liabilities (19,378) 102,465 195,823
Other current liabilities 20,249 78,158 148,441
Pension and other employee benefit obligations (90,707) (69,256) (101,457)
Change in other noncurrent assets (16,191) 10,553 44,364
Change in other noncurrent liabilities (39,241) (52,090) (15,674)
Net cash provided by operating activities 3,052,299 3,037,863 2,659,486
Investing activities      
Utility capital/construction expenditures (3,255,550) (3,683,359) (3,199,791)
Allowance for equity funds used during construction 60,547 55,936 89,750
Proceeds from insurance recoveries 4,509 27,237 6,000
Purchases of investment securities (546,612) (1,257,924) (595,569)
Proceeds from the sale of investment securities 478,866 1,236,873 588,430
Investments in WYCO Development LLC and other (3,962) (1,392) (2,376)
Other, net 789 (145) (3,695)
Net cash used in investing activities (3,261,413) (3,622,774) (3,117,251)
Financing activities      
(Repayments of) proceeds from short-term borrowings, net (454,000) (173,500) 260,500
Proceeds from issuance of long-term debt 2,423,768 1,626,212 837,584
Repayments of long-term debt (1,035,901) (250,882) (275,948)
Proceeds from issuance of common stock 0 7,011 180,798
Repurchases of common stock (32,209) 0 0
Dividends paid (680,521) (606,574) (561,411)
Other (12,487) (12,024) (11,294)
Net cash provided by financing activities 208,650 590,243 430,229
Net change in cash and cash equivalents (464) 5,332 (27,536)
Cash and cash equivalents at beginning of period 84,940 79,608 107,144
Cash and cash equivalents at end of period 84,476 84,940 79,608
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (591,996) (542,860) (512,602)
Cash received (paid) for income taxes, net 61,933 58,287 (4,542)
Supplemental disclosure of non-cash investing and financing transactions:      
Property, plant and equipment additions in accounts payable 253,955 321,969 417,473
Issuance of common stock for reinvested dividends and equity awards $ 29,427 $ 52,911 $ 62,078