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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 1,074.7 $ 961.8
Reconciliation to cash provided by operating activities    
Depreciation and amortization 799.2 726.6
Deferred income taxes and ITCs, net 158.0 152.5
Contributions and payments related to pension and OPEB plans (11.3) (10.1)
Equity income in transmission affiliates, net of distributions (27.0) (20.3)
Change in –    
Accounts receivable and unbilled revenues, net 162.4 262.3
Materials, supplies, and inventories (117.1) (23.6)
Prepayments 67.7 92.3
Amounts recoverable from customers (119.4) (1.3)
Other current assets 13.8 38.5
Accounts payable (15.1) (178.9)
Other current liabilities 107.5 (23.3)
Other, net (86.7) (26.8)
Net cash provided by operating activities 2,006.7 1,949.7
Investing activities    
Capital expenditures (1,627.9) (1,618.7)
Acquisition of Jayhawk (119.8) 0.0
Capital contributions to transmission affiliates 0.0 (15.2)
Proceeds from the sale of assets 21.6 9.8
Proceeds from the sale of investments held in rabbi trust 12.7 17.1
Insurance proceeds received 0.0 22.2
Other, net 24.7 21.7
Net cash used in investing activities (1,688.7) (1,563.1)
Financing activities    
Exercise of stock options 6.5 23.3
Purchase of common stock (15.7) (56.7)
Dividends paid on common stock (641.2) (598.5)
Issuance of long-term debt 1,018.8 810.0
Retirement of long-term debt (356.2) (482.6)
Issuance of short-term loan 0.5 340.0
Repayment of short-term loan (340.0) 0.0
Change in other short-term debt 71.5 (399.8)
Purchase of additional ownership interest in Upstream from noncontrolling interest 0.0 (31.0)
Other, net (25.6) (12.4)
Net cash used in financing activities (281.4) (407.7)
Net change in cash, cash equivalents, and restricted cash 36.6 (21.1)
Cash, cash equivalents, and restricted cash at beginning of period 72.6 82.3
Cash, cash equivalents, and restricted cash at end of period $ 109.2 $ 61.2