XML 19 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 346,950$ 357,708
Adjustments to reconcile net income to net cash provided by operating activities:  
Gain on sale of district cooling business (41,973)
Gain on sale of energy-related products and services business(10,404) 
Depreciation and amortization including nuclear fuel370,107350,762
Deferred fuel and purchased power30,96550,020
Deferred fuel and purchased power amortization(121,018)(95,926)
Allowance for equity funds used during construction(18,697)(16,417)
Real estate impairment charges 16,731
Gain on real estate debt restructuring (14,403)
Deferred income taxes131,582281,486
Change in mark-to-market valuations1,8613,716
Changes in current assets and liabilities:  
Customer and other receivables(47,410)(103,973)
Accrued unbilled revenues(80,877)(69,035)
Materials, supplies and fossil fuel(25,532)19,011
Other current assets(1,581)(6,027)
Accounts payable29,34036,687
Accrued taxes and income tax receivable-net89,53456,851
Other current liabilities30,3006,738
Change in margin and collateral accounts - assets33,591(4,336)
Change in margin and collateral accounts - liabilities85,785(143,725)
Change in unrecognized tax benefits12,123(72,649)
Change in other long-term assets(10,678)(59,382)
Change in other long-term liabilities74,56517,636
Net cash flow provided by operating activities920,506569,500
CASH FLOWS FROM INVESTING ACTIVITIES  
Capital expenditures(643,261)(552,707)
Contributions in aid of construction36,35125,258
Allowance for borrowed funds used during construction(14,371)(12,553)
Proceeds from sale of district cooling business 100,300
Proceeds from sale of energy-related products and services business45,111 
Proceeds from nuclear decommissioning trust sales405,637424,255
Investment in nuclear decommissioning trust(417,957)(442,567)
Proceeds from sale of commercial real estate investments1,10071,174
Proceeds from sale of life insurance policies55,444 
Other(2,346)9,621
Net cash flow used for investing activities(534,292)(377,219)
CASH FLOWS FROM FINANCING ACTIVITIES  
Issuance of long-term debt470,353 
Repayment of long-term debt(228,457)(84,529)
Short-term borrowings and payments - net(16,600)(153,715)
Dividends paid on common stock(166,197)(161,722)
Common stock equity issuance14,953255,156
Distributions to noncontrolling interests(2,610)(3,286)
Other(3,132)6,352
Net cash flow provided by (used for) financing activities68,310(141,744)
NET INCREASE IN CASH AND CASH EQUIVALENTS454,52450,537
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD110,188145,378
CASH AND CASH EQUIVALENTS AT END OF PERIOD564,712195,915
Cash paid during the period for:  
Income taxes, net of (refunds)5,676(22,165)
Interest, net of amounts capitalized$ 163,250$ 167,576