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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 1,201.4 $ 1,134.7 $ 1,060.5
Reconciliation to cash provided by operating activities      
Depreciation and amortization 975.9 926.3 845.8
Deferred income taxes and ITCs, net 209.4 162.9 297.3
Contributions and payments related to pension and OPEB plans (113.2) (65.9) (77.6)
Equity income in transmission affiliates, net of distributions (29.1) (2.9) (18.6)
Change in -      
Accounts receivable and unbilled revenues, net 16.1 98.2 23.5
Materials, supplies, and inventories 21.2 (1.5) (8.8)
Other current assets 13.4 (7.1) (10.0)
Accounts payable (61.3) 1.5 110.6
Other current liabilities (41.2) 78.7 (67.6)
Other, net 3.4 20.6 290.4
Net cash provided by operating activities 2,196.0 2,345.5 2,445.5
Investing Activities      
Capital expenditures (2,238.8) (2,260.8) (2,115.7)
Acquisition of Blooming Grove, net of restricted cash acquired of $24.1 (364.6) 0.0 0.0
Acquisition of Tatanka Ridge (239.9) 0.0 0.0
Acquisition of Upstream, net of cash and restricted cash acquired of $9.2 0.0 (268.2) 0.0
Acquisition of Bishop Hill III, net of restricted cash acquired of $4.5 0.0 0.0 (162.9)
Acquisition of Forward Wind Energy Center 0.0 0.0 (77.1)
Acquisition of Coyote Ridge 0.0 0.0 (61.4)
Capital contributions to transmission affiliates (21.2) (52.6) (53.5)
Proceeds from the sale of assets and businesses 20.3 37.6 12.1
Proceeds from the sale of investments held in rabbi trust 56.2 0.2 118.6
Purchase of investments held in rabbi trust (37.8) 0.0 (65.0)
Reimbursement for ATC's construction costs 1.1 32.4 0.0
Insurance proceeds received for property damage 23.2 0.0 0.0
Other, net (5.3) 16.5 20.5
Net cash used in investing activities (2,806.8) (2,494.9) (2,384.4)
Financing Activities      
Exercise of stock options 43.8 67.0 29.1
Purchase of common stock (99.2) (140.1) (72.4)
Dividends paid on common stock (798.0) (744.5) (697.3)
Issuance of long-term debt 2,373.6 1,895.0 1,740.0
Retirement of long-term debt (1,767.0) (360.1) (953.3)
Issuance of short-term loan 340.0 0.0 0.0
Change in other short-term debt 606.1 (609.3) (4.5)
Payments for debt extinguishment and issuance costs (55.8) (12.5) (9.5)
Purchase of additional ownership interest in Upstream from noncontrolling interest (31.0) 0.0 0.0
Other, net (11.4) (9.9) (5.7)
Net cash provided by financing activities 601.1 85.6 26.4
Net change in cash, cash equivalents, and restricted cash (9.7) (63.8) 87.5
Cash, cash equivalents, and restricted cash at beginning of year 82.3 146.1 58.6
Cash, cash equivalents, and restricted cash at end of year $ 72.6 $ 82.3 $ 146.1