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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - I&M - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization $ 833.4 $ 787.1
Deferred Income Taxes 165.2 (113.3)
Allowance for Equity Funds Used During Construction (57.3) (43.6)
Mark-to-Market of Risk Management Contracts (14.8) 40.9
Deferred Fuel Over/Under-Recovery, Net (74.5) 43.4
Change in Other Noncurrent Assets (130.9) (74.5)
Change in Other Noncurrent Liabilities 141.5 61.8
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (1.5) 34.9
Fuel, Materials and Supplies 138.6 104.3
Accounts Payable 6.2 (99.5)
Accrued Taxes, Net (153.4) (57.7)
Other Current Assets (23.6) (91.3)
Other Current Liabilities (92.7) (66.8)
Net Cash Flows from Operating Activities 1,450.0 1,442.2
INVESTING ACTIVITIES    
Construction Expenditures (2,100.2) (1,761.7)
Purchases of Investment Securities (602.7) (590.0)
Sales of Investment Securities 586.5 572.5
Acquisitions of Nuclear Fuel (35.8) (33.7)
Other Investing Activities 50.2 29.6
Net Cash Flows Used for Investing Activities (2,102.0) (1,669.3)
FINANCING ACTIVITIES    
Retirement of Long-term Debt (229.1) (1,162.2)
Principal Payments for Finance Lease Obligations (12.5) (17.0)
Dividends Paid on Common Stock (501.0) (466.9)
Other Financing Activities (18.7) (31.9)
Net Cash Flows from Financing Activities 698.0 129.9
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 46.0 (97.2)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 246.0 379.0
Cash, Cash Equivalents and Restricted Cash at End of Period 292.0 281.8
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 350.2 368.3
Net Cash Paid for Income Taxes 7.1 16.1
Noncash Acquisitions Under Finance Leases 7.9 7.0
Construction Expenditures Included in Current Liabilities as of March 31, 1,040.9 837.0
I&M    
OPERATING ACTIVITIES    
Net Income (Loss) 57.5 145.0
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 124.0 108.3
Deferred Income Taxes (12.6) (60.3)
Deferral of Incremental Nuclear Refueling Outage Expenses, Net (14.4) (11.8)
Allowance for Equity Funds Used During Construction (4.4) (3.3)
Mark-to-Market of Risk Management Contracts 17.0 27.1
Amortization of Nuclear Fuel 26.4 24.4
Deferred Fuel Over/Under-Recovery, Net 7.5 10.1
Change in Other Noncurrent Assets (19.7) (34.0)
Change in Other Noncurrent Liabilities 65.2 35.3
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 5.0 (2.1)
Fuel, Materials and Supplies 20.9 21.3
Accounts Payable 38.8 (13.5)
Accrued Taxes, Net 23.0 28.8
Other Current Assets 6.6 11.9
Other Current Liabilities (16.2) (37.3)
Net Cash Flows from Operating Activities 324.6 249.9
INVESTING ACTIVITIES    
Construction Expenditures (158.6) (142.3)
Purchases of Investment Securities (601.2) (588.5)
Sales of Investment Securities 576.5 569.5
Acquisitions of Nuclear Fuel (35.8) (33.7)
Other Investing Activities 17.8 2.7
Net Cash Flows Used for Investing Activities (201.3) (192.3)
FINANCING ACTIVITIES    
Change in Advances from Affiliates, Net (43.1) 9.9
Retirement of Long-term Debt (26.5) (25.4)
Principal Payments for Finance Lease Obligations (1.6) (1.6)
Dividends Paid on Common Stock (50.0) (37.5)
Other Financing Activities 0.3 0.4
Net Cash Flows from Financing Activities (120.9) (54.2)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 2.4 3.4
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1.5 2.1
Cash, Cash Equivalents and Restricted Cash at End of Period 3.9 5.5
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 37.5 38.7
Net Cash Paid for Income Taxes 5.4 0.0
Noncash Acquisitions Under Finance Leases 0.6 0.5
Construction Expenditures Included in Current Liabilities as of March 31, $ 62.0 $ 63.1