XML 58 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net income $ 433,427 $ 366,953
Remove loss (income) from discontinued operations 43 (109)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 507,658 464,117
Conservation and demand side management program amortization 3,425 3,765
Nuclear fuel amortization 49,485 49,765
Deferred income taxes 235,684 278,358
Amortization of investment tax credits (3,314) (3,104)
Allowance for equity funds used during construction (41,863) (28,644)
Equity earnings of unconsolidated subsidiaries (15,106) (14,660)
Dividends from unconsolidated subsidiaries 18,683 8,028
Share-based compensation expense 18,747 17,249
Net realized and unrealized hedging and derivative transactions (2,754) 7,325
Changes in operating assets and liabilities:    
Accounts receivable (78,940) (928)
Accrued unbilled revenues 37,069 139,012
Inventories 40,684 145,095
Other current assets 29,700 (61,291)
Accounts payable 1,625 (177,076)
Net regulatory assets and liabilities 76,693 12,912
Other current liabilities (83,336) (117,653)
Pension and other employee benefit obligations (170,162) (168,898)
Change in other noncurrent assets 16,940 (40,893)
Change in other noncurrent liabilities (163) (14,027)
Net cash provided by operating activities 1,074,225 865,296
Investing activities    
Utility capital/construction expenditures (1,596,778) (1,103,562)
Proceeds from insurance recoveries 50,000 24,000
Allowance for equity funds used during construction 41,863 28,644
Purchases of investments in external decommissioning fund (890,700) (371,361)
Proceeds from the sale of investments in external decommissioning fund 887,500 371,361
Investment in WYCO Development LLC (2,166) (379)
Change in restricted cash 0 94,959
Other, net (1,696) (24)
Net cash used in investing activities (1,511,977) (956,362)
Financing activities    
(Repayments of) proceeds from short-term borrowings, net (248,000) 262,000
Proceeds from issuance of long-term debt 1,337,045 111,015
Repayments of long-term debt, including reacquisition premiums (651,516) (2,455)
Proceeds from issuance of common stock 227,113 3,698
Repurchase of common stock 0 (18,529)
Purchase of common stock for settlement of equity awards 0 (23,307)
Dividends paid (250,392) (238,510)
Net cash provided by financing activities 414,250 93,912
Net change in cash and cash equivalents (23,502) 2,846
Cash and cash equivalents at beginning of period 82,323 60,684
Cash and cash equivalents at end of period 58,821 63,530
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (258,124) (281,266)
Cash received (paid) for income taxes, net 13,681 (5,875)
Supplemental disclosure of non-cash investing and financing transactions:    
Property, plant and equipment additions in accounts payable 302,434 274,350
Issuance of common stock for reinvested dividends and 401(k) plans $ 37,504 $ 35,543