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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities    
Net income $ 1,023,863 $ 908,879
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 549,069 496,522
Deferred income taxes 214,609 138,658
Other (49,402) (39,418)
Net assets / liabilities from risk management activities (1,966) 2,292
Net change in other operating assets and liabilities (34,841) (103,869)
Net cash provided by operating activities 1,701,332 1,403,064
Cash Flows From Investing Activities    
Capital expenditures (2,597,787) (2,129,137)
Debt and equity securities activities, net (2,348) (1,701)
Other, net 6,469 11,744
Net cash used in investing activities (2,593,666) (2,119,094)
Cash Flows From Financing Activities    
Net decrease in short-term debt 0 (241,933)
Net proceeds from equity issuances 568,603 749,987
Issuance of common stock through stock purchase and employee retirement plans 11,532 11,390
Proceeds from issuance of long-term debt 1,143,447 1,240,204
Repayment of securitized long-term debt by AEK (4,051) (5,738)
Cash dividends paid (412,312) (366,719)
Debt issuance costs (10,140) (11,147)
Net cash provided by financing activities 1,297,079 1,376,044
Net increase in cash and cash equivalents and restricted cash and cash equivalents 404,745 660,014
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 $ 713,601 $ 679,262