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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net margin $ 32,979 $ 44,684
Adjustments to reconcile net margin to net cash provided by operating activities:    
Depreciation and amortization, including nuclear fuel 185,318 184,323
Accretion cost 23,033 18,756
Amortization of deferred gains (894) (894)
Allowance for equity funds used during construction (427) (450)
Deferred outage costs (22,470) (12,411)
(Gain) loss on sale of investments (2,346) 3,152
Regulatory deferral of costs associated with nuclear decommissioning (12,764) (13,966)
Other 1,282 (2,637)
Change in operating assets and liabilities:    
Receivables (32,090) (7,254)
Inventories (15,246) 2,460
Prepayments and other current assets (4,564) (518)
Accounts payable (50,361) (25,517)
Accrued interest 24,601 6,161
Accrued taxes 22,916 1,269
Other current liabilities (26,402) (7,600)
Member power bill prepayments (78,297) 12,239
Other 23,680 6,188
Total adjustments 34,969 163,301
Net cash provided by operating activities 67,948 207,985
Cash flows from investing activities:    
Property additions (581,140) (561,033)
Activity in nuclear decommissioning trust fund - Purchases (180,121) (262,959)
Activity in nuclear decommissioning trust fund - Proceeds 176,037 259,092
Decrease in restricted investments 21,667 77,809
Activity in other long-term investments - Purchases (100,502) (102,715)
Activity in other long-term investments - Proceeds 88,085 90,329
Other (2,940) 10,473
Net cash used in investing activities (578,914) (489,004)
Cash flows from financing activities:    
Long-term debt proceeds 657,986 236,200
Long-term debt payments (391,206) (77,234)
(Decrease) increase in short-term borrowings, net (82,162) 247,395
Other (15,714) 1,837
Net cash provided by financing activities 168,904 408,198
Net (decrease) increase in cash and cash equivalents (342,062) 127,179
Cash and cash equivalents at beginning of period 752,618 397,695
Cash and cash equivalents at end of period 410,556 524,874
Cash paid for -    
Interest (net of amounts capitalized) 85,512 104,670
Supplemental disclosure of non-cash investing and financing activities:    
Change in asset retirement obligations 4,830 2,404
Accrued property additions at end of period 108,258 141,338
Interest paid-in-kind $ 35,549 $ 29,072