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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 239,277 $ 241,312
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 368,880 323,761
Conservation and demand side management program amortization 755 1,162
Nuclear fuel amortization 30,852 25,750
Deferred income taxes 193,740 160,379
Amortization of investment tax credits (1,278) (1,307)
Allowance for equity funds used during construction (14,313) (13,113)
Equity earnings of unconsolidated subsidiaries (7,875) (13,182)
Dividends from unconsolidated subsidiaries 11,754 11,481
Share-based compensation expense 17,953 13,099
Net realized and unrealized hedging and derivative transactions 4,177 5,576
Other 0 (388)
Changes in operating assets and liabilities:    
Accounts receivable (4,959) (4,780)
Accrued unbilled revenues 174,387 129,444
Inventories 88,355 88,570
Other current assets (76,758) (16,635)
Accounts payable (121,390) (22,063)
Net regulatory assets and liabilities 17,863 34,404
Other current liabilities (42,270) (32,442)
Pension and other employee benefit obligations (148,565) (118,774)
Change in other noncurrent assets 263 (1,196)
Change in other noncurrent liabilities (12,693) (8,508)
Net cash provided by operating activities 718,155 802,550
Investing activities    
Utility capital/construction expenditures (749,073) (700,319)
Allowance for equity funds used during construction 14,313 13,113
Purchases of investment securities (172,738) (109,373)
Proceeds from the sale of investment securities 167,645 104,280
Investments in WYCO Development LLC and other (2,571) (260)
Other, net (5,315) (1,548)
Net cash used in investing activities (747,739) (694,107)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 213,000 (663,000)
Proceeds from issuance of long-term debt 0 747,127
Repayments of long-term debt (217) (333)
Purchase of common stock for settlement of equity awards (2,943) (789)
Dividends paid (172,456) (162,410)
Proceeds from (Payments for) Other Financing Activities (18,291) (12,487)
Net cash provided by (used in) financing activities 19,093 (91,892)
Net change in cash and cash equivalents (10,491) 16,551
Cash and cash equivalents at beginning of period 84,476 84,940
Cash and cash equivalents at end of period 73,985 101,491
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (174,381) (164,511)
Cash received for income taxes, net 0 7,414
Supplemental disclosure of non-cash investing and financing transactions:    
Property, plant and equipment additions in accounts payable 185,617 192,818
Issuance of common stock for reinvested dividends and equity awards $ 11,673 $ 7,703