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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net income $ 837,434 $ 743,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 363,283 329,695
Deferred income taxes 170,965 110,098
Other (32,691) (28,023)
Net assets / liabilities from risk management activities 845 1,683
Net change in other operating assets and liabilities (134,877) (164,895)
Net cash provided by operating activities 1,204,959 991,873
Cash Flows From Investing Activities    
Capital expenditures (1,730,857) (1,415,526)
Debt and equity securities activities, net 710 (1,010)
Other, net 12,609 7,272
Net cash used in investing activities (1,717,538) (1,409,264)
Cash Flows From Financing Activities    
Net decrease in short-term debt 0 (241,933)
Net proceeds from equity issuances 379,490 254,022
Issuance of common stock through stock purchase and employee retirement plans 7,888 7,771
Proceeds from issuance of long-term debt 645,372 898,275
Repayment of securitized long-term debt by AEK (4,051) (5,738)
Cash dividends paid (273,869) (241,565)
Debt issuance costs (5,987) (8,920)
Net cash provided by financing activities 748,843 661,912
Net increase in cash and cash equivalents and restricted cash and cash equivalents 236,264 244,521
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 308,856 19,248
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 545,120 $ 263,769