XML 24 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ (4.0) $ 15.6
Adjustments to reconcile net income / (loss) to net cash from operating activities:    
Depreciation and amortization 40.3 39.6
Deferred income taxes 7.5 (1.1)
Gain (Loss) on Disposition of Business, Including Discontinued Operation 0.0 (0.6)
Changes in certain assets and liabilities:    
Accounts receivable, net 11.3 (13.6)
Inventories (9.3) (3.5)
Taxes applicable to subsequent years 45.5 42.7
Current and non-current regulatory assets and liabilities (26.4) 9.1
Prepayments and other current assets (9.7) (2.3)
Accounts payable (9.5) 3.1
Accrued taxes payable / receivable (39.0) (46.0)
Accrued interest 1.2 0.6
Increase (Decrease) in Other Accrued Liabilities (1.4) 12.9
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (7.2) (8.5)
Other 6.3 3.9
Net Cash Provided by (Used in) Operating Activities 5.6 51.9
Cash flows from investing activities:    
Capital expenditures (175.8) (133.9)
Payments for (Proceeds from) Removal Costs (12.2) (8.1)
Other investing activities, net 0.3 (0.2)
Net cash used in investing activities (187.7) (142.2)
Cash flows from financing activities:    
Payments of Deferred Finance Costs (0.3) (1.0)
Proceeds from Lines of Credit 130.0 130.0
Repayments of Lines of Credit (145.0) (145.0)
Proceeds from Issuance of Long-term Debt 100.0 140.0
Net cash provided by financing activities 196.7 124.0
Cash, cash equivalents, and restricted cash:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 14.6 33.7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 45.2 60.4
Non-cash financing and investing activities:    
Accruals for capital expenditures 36.3 26.6
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 34.8 28.7
Proceeds from Contributions from Parent 112.0 0.0
Subsidiaries [Member]    
Cash flows from operating activities:    
Net income 9.2 24.2
Adjustments to reconcile net income / (loss) to net cash from operating activities:    
Depreciation and amortization 39.6 38.9
Deferred income taxes (0.2) 1.9
Gain (Loss) on Disposition of Business, Including Discontinued Operation 0.0 (0.6)
Changes in certain assets and liabilities:    
Accounts receivable, net 12.2 (13.0)
Inventories (9.3) (3.5)
Taxes applicable to subsequent years 45.5 42.6
Current and non-current regulatory assets and liabilities (26.4) 9.1
Prepayments and other current assets (12.3) (3.0)
Accounts payable (6.8) 2.5
Accrued taxes payable / receivable (38.3) (41.9)
Accrued interest 1.3 0.6
Increase (Decrease) in Other Accrued Liabilities (1.7) 12.7
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (7.2) (8.5)
Other 5.2 4.5
Net Cash Provided by (Used in) Operating Activities 10.8 66.5
Cash flows from investing activities:    
Capital expenditures (174.8) (133.5)
Payments for (Proceeds from) Removal Costs (12.2) (8.0)
Other investing activities, net 0.2 0.5
Net cash used in investing activities (186.8) (141.0)
Cash flows from financing activities:    
Payments of Dividends (55.0) (34.0)
Payments of Deferred Finance Costs (0.3) (1.0)
Proceeds from Lines of Credit 130.0 130.0
Repayments of Lines of Credit (110.0) (130.0)
Proceeds from Issuance of Long-term Debt 100.0 140.0
Net cash provided by financing activities 189.7 105.0
Cash, cash equivalents, and restricted cash:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 13.7 30.5
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 33.5 45.0
Non-cash financing and investing activities:    
Accruals for capital expenditures 36.2 26.6
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 16.0 10.0
Proceeds from Contributions from Parent $ 125.0 $ 0.0