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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 568.0 $ 510.3
Reconciliation to cash provided by operating activities    
Depreciation and amortization 278.1 261.4
Deferred income taxes and ITCs, net 103.8 129.6
Contributions and payments related to pension and OPEB plans (3.6) (4.1)
Equity income in transmission affiliates, net of distributions (7.7) (9.2)
Change in –    
Accounts receivable and unbilled revenues, net (174.3) (150.4)
Materials, supplies, and inventories 267.0 175.1
Prepayments 72.6 4.6
Amounts recoverable from customers 10.3 (286.7)
Other current assets 1.1 15.6
Accounts payable (293.8) (181.5)
Other current liabilities 289.5 (2.3)
Other, net (34.2) (67.2)
Net cash provided by operating activities 1,076.8 395.2
Investing activities    
Capital expenditures (383.5) (470.6)
Acquisition of Jayhawk 0.0 (119.4)
Capital contributions to transmission affiliates (21.1) 0.0
Proceeds from the sale of assets 9.7 11.3
Proceeds from the sale of investments held in rabbi trust 15.4 12.7
Insurance proceeds received for property damage 41.0 0.0
Other, net 0.3 24.7
Net cash used in investing activities (338.2) (541.3)
Financing activities    
Exercise of stock options 11.8 1.2
Purchase of common stock (23.4) (6.6)
Dividends paid on common stock (229.6) (213.7)
Issuance of long-term debt 0.0 600.0
Retirement of long-term debt (15.4) (14.7)
Issuance of short-term loan 0.9 0.0
Repayment of short-term loan 0.0 (340.0)
Change in other short-term debt (447.9) 143.5
Other, net (2.9) (6.6)
Net cash provided by (used in) financing activities (706.5) 163.1
Net change in cash, cash equivalents, and restricted cash 32.1 17.0
Cash, cash equivalents, and restricted cash at beginning of period 87.5 72.6
Cash, cash equivalents, and restricted cash at end of period $ 119.6 $ 89.6