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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 196,532 $ 229,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale relating to BCE 0 (22,988)
Depreciation and amortization including nuclear fuel 492,225 465,546
Deferred fuel and purchased power (95,850) (64,220)
Deferred fuel and purchased power amortization 201,035 204,748
Allowance for equity funds used during construction (28,016) (19,202)
Deferred income taxes 1,439 339
Deferred investment tax credit (3,301) (4,082)
Stock compensation 12,356 10,622
Changes in current assets and liabilities:    
Customer and other receivables (47,587) (57,802)
Accrued unbilled revenues (95,424) (147,165)
Materials, supplies and fossil fuel (25,497) (55,498)
Income tax receivable 0 332
Other current assets (41,851) (53,124)
Accounts payable 127,970 99,513
Accrued taxes 29,597 34,381
Other current liabilities 1,182 (11,061)
Change in long-term regulatory assets 38,992 18,183
Change in long-term regulatory liabilities 44,860 (4,637)
Change in other long-term assets (140,504) (43,489)
Change in operating lease assets 138,439 19,785
Change in other long-term liabilities (56,639) (45,456)
Change in operating lease liabilities (86,632) (16,866)
Net cash provided by operating activities 663,326 537,138
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,332,068) (1,051,725)
Contributions in aid of construction 107,716 144,329
Proceeds from sale relating to BCE 0 47,778
Allowance for borrowed funds used during construction (21,661) (24,177)
Proceeds from nuclear decommissioning trusts sales and other special use funds 919,644 772,375
Investment in nuclear decommissioning trusts and other special use funds (920,785) (772,359)
Other (6,178) (3,335)
Net cash used for investing activities (1,253,332) (887,114)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 795,404 1,313,229
Repayment of long-term debt (800,000) (675,000)
Short-term borrowing and (repayments) - net 436,549 (78,050)
Short-term debt borrowings under term loan facility 400,000 350,000
Short-term debt repayments under term loan facility 0 (350,000)
Dividends paid on common stock (210,150) (196,296)
Common stock equity issuance and (purchases) - net (6,166) (4,227)
Capital activities by noncontrolling interests (10,628) (10,628)
Net cash provided by financing activities 605,009 349,028
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 15,003 (948)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,838 4,955
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 18,841 $ 4,007