XML 64 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income $ 354.8 $ 284.3 $ 230.5
Adjustments to reconcile net income to net cash provided by operating activities      
Discontinued operations, net of tax (4.8) 9.7 (0.5)
Depreciation and amortization expense 266.6 250.7 247.7
Recoveries and refunds of regulatory assets and liabilities 44.3 49.9 56.1
Net unrealized (gains) losses on energy contracts (102.2) (40.3) 45.2
Bad debt expense 34.4 26.2 35.0
Pension and other postretirement expense 62.1 62.1 59.9
Pension and other postretirement contributions (77.0) (287.5) (131.5)
Deferred income taxes and investment tax credits 198.5 148.2 174.1
Equity income, net of dividends (19.2) (17.5) (14.8)
Termination of tolling agreement with Fox Energy Company LLC (50.0) 0 0
Other 41.0 20.1 45.9
Changes in working capital      
Collateral on deposit 2.3 9.6 (17.3)
Accounts receivable and accrued unbilled revenues (358.8) (26.2) 93.4
Inventories 16.8 28.5 (37.1)
Other current assets (42.0) 6.1 55.3
Accounts payable 143.1 22.0 (37.3)
Other current liabilities 45.1 23.1 (86.8)
Net cash provided by operating activities 555.0 569.0 717.8
Investing activities      
Capital expenditures (669.2) (594.3) (310.1)
Capital contributions to equity method investments (13.7) (27.4) (37.6)
Acquisition of Fox Energy Company LLC (391.6) 0 0
Acquisitions at Integrys Energy Services (15.7) 0 0
Grant received related to Crane Creek wind project 69.0 0 0
Acquisition of compressed natural gas fueling companies, net of cash acquired 0 1.3 (42.6)
Other (3.1) 15.4 (3.2)
Net cash used for investing activities (1,024.3) (605.0) (393.5)
Financing activities      
Short-term debt, net (156.4) 179.1 303.3
Repayment of notes payable 0 0 (10.0)
Borrowing on term credit facility 200.0 0 0
Repayment of term credit facility (200.0) 0 0
Issuance of long-term debt 1,174.0 428.0 50.0
Repayment of long-term debt (363.5) (278.2) (565.8)
Proceeds from stock option exercises 38.7 55.8 10.3
Shares purchased for stock-based compensation (2.0) (89.9) (17.0)
Payment of dividends      
Preferred stock of subsidiary (3.1) (3.1) (3.1)
Common stock (202.6) (211.9) (206.4)
Payments made on derivative contracts related to divestitures classified as financing activities (5.8) (23.7) (31.9)
Other (16.6) (1.0) (7.5)
Net cash provided by (used for) financing activities 462.7 55.1 (478.1)
Change in cash and cash equivalents - continuing operations (6.6) 19.1 (153.8)
Change in cash and cash equivalents - discontinued operations      
Net cash (used for) provided by operating activities (0.1) 4.8 4.1
Net cash provided by (used for) investing activities 1.6 2.4 (0.9)
Net cash used for financing activities 0 (27.0) (0.3)
Net change in cash and cash equivalents (5.1) (0.7) (150.9)
Cash and cash equivalents at beginning of year 27.4 28.1 179.0
Cash and cash equivalents at end of year 22.3 27.4 28.1
Supplemental cash flow information      
Cash paid for interest 116.1 109.7 130.7
Cash received for income taxes $ (4.8) $ (47.6) $ (80.0)