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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 229,279 $ 111,978
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale relating to BCE (22,988) 0
Depreciation and amortization including nuclear fuel 465,546 416,652
Deferred fuel and purchased power (64,220) (191,304)
Deferred fuel and purchased power amortization 204,748 218,586
Allowance for equity funds used during construction (19,202) (28,095)
Deferred income taxes 339 (35,808)
Deferred investment tax credit (4,082) 42,601
Change in derivative instruments fair value 0 (239)
Stock compensation 10,622 7,225
Changes in current assets and liabilities:    
Customer and other receivables (57,802) (24,748)
Accrued unbilled revenues (147,165) (51,976)
Materials, supplies and fossil fuel (55,498) (42,156)
Income tax receivable 332 9,847
Other current assets (53,124) (35,581)
Accounts payable 99,513 (2,051)
Accrued taxes 34,381 (644)
Other current liabilities (11,061) (61,918)
Change in long-term regulatory assets 18,183 21,154
Change in long-term regulatory liabilities (4,637) 40,393
Change in other long-term assets (43,489) (125,735)
Change in operating lease assets 19,785 17,998
Change in other long-term liabilities (45,456) 121,352
Change in operating lease liabilities (16,866) 30,082
Net cash provided by operating activities 537,138 437,613
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,051,725) (918,195)
Contributions in aid of construction 144,329 60,118
Proceeds from sale relating to BCE 47,778 0
Allowance for borrowed funds used during construction (24,177) (25,039)
Proceeds from nuclear decommissioning trusts sales and other special use funds 772,375 567,528
Investment in nuclear decommissioning trusts and other special use funds (772,359) (568,668)
Other (3,335) 485
Net cash used for investing activities (887,114) (883,771)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 1,313,229 689,247
Repayment of long-term debt (675,000) 0
Short-term borrowing and (repayments) - net (78,050) (35,370)
Short-term debt borrowings under term loan facility 350,000 0
Short-term debt repayments under term loan facility (350,000) 0
Dividends paid on common stock (196,296) (192,235)
Common stock equity issuance and (purchases) - net (4,227) (2,031)
Distributions to noncontrolling interests for capital activities (10,628) (10,627)
Net cash provided by financing activities 349,028 448,984
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (948) 2,826
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,955 4,832
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,007 $ 7,658