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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 120.2 $ 159.6
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 149.9 147.9
Deferred income taxes and investment tax credits, net 58.3 83.4
Pension and other postretirement contributions (6.2) (69.5)
Goodwill impairment loss 0.0 6.7
Impairment loss on property, plant, and equipment at PDL 10.7 0.0
Gain on sale of certain PDL solar power generation plants (6.1) 0.0
Changes in working capital    
Accounts receivable and accrued unbilled revenues 274.2 136.1
Inventories 97.4 30.9
Other current assets 26.4 96.3
Accounts payable (67.5) (15.8)
Other current liabilities 47.0 0.3
Other, net (30.7) 15.2
Net cash provided by operating activities 673.6 591.1
Investing Activities    
Capital expenditures (424.5) (337.9)
Investment in transmission affiliate (3.4) (10.2)
Cost of removal, net of salvage (7.0) (6.4)
Rabbi trust funding related to change in control (14.3) (65.0)
Withdrawal of restricted cash from Rabbi trust for qualifying payments 14.1 0.0
Proceeds from sale of certain PDL solar power generation plants 47.6 0.0
Purchase of natural gas distribution business in Minnesota (11.0) 0.0
Other, net 2.8 (10.3)
Net cash used for investing activities (395.7) (429.8)
Financing Activities    
Exercise of stock options 4.1 11.9
Purchase of common stock (23.9) (29.3)
Dividends paid on common stock (108.2) (108.2)
Retirement of long-term debt 0.0 (100.0)
Change in short-term debt (3.2) 94.7
Other, net (8.4) (7.7)
Net cash used for financing activities (139.6) (138.6)
Net change in cash and cash equivalents 138.3 22.7
Cash and cash equivalents at beginning of period 18.0 22.3
Cash and cash equivalents at end of period 156.3 45.0
Supplemental Cash Flow Information    
Cash paid for interest 74.9 74.5
Cash received for income taxes $ (45.4) $ (59.2)