XML 77 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 155.7 $ 167.6
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 251.3 253.2
Deferred income taxes 89.1 115.2
Investment tax credits (0.3) (0.3)
Allowance for other funds used during construction (4.3) (1.6)
Non-cash stock compensation 10.2 8.5
(Loss) gain on sales of business/assets, pretax (0.3) 14.5
Deferred recovery clauses (3.8) (3.7)
Asset impairment, pre-tax 0 17.4
Receivables, less allowance for uncollectibles (64.4) (47.3)
Inventories 3.1 7.9
Prepayments and other current assets (4.2) (3.1)
Taxes accrued 44.0 58.7
Interest accrued 22.2 23.6
Accounts payable 10.6 22.0
Other (2.8) (25.0)
Cash flows from operating activities 506.1 607.6
Cash flows from investing activities    
Capital expenditures (370.9) (355.2)
Allowance for other funds used during construction 4.3 1.6
Net proceeds from sales of business/assets 0.4 7.4
Cash flows used in investing activities (366.2) (346.2)
Cash flows from financing activities    
Dividends (143.4) (142.8)
Proceeds from the sale of common stock 7.4 3.2
Proceeds from long-term debt issuance 0 538.3
Repayment of long-term debt/Purchase in lieu of redemption (51.6) (469.2)
Dividends to noncontrolling interest 0 (0.3)
Cash flows used in financing activities (187.6) (70.8)
Net (decrease) increase in cash and cash equivalents (47.7) 190.6
Cash and cash equivalents at beginning of the period 200.5 44.0
Cash and cash equivalents at beginning of the period 200.5  
Cash and cash equivalents at end of the period 152.8 234.6
Cash and cash equivalents at end of the period 152.8  
Tampa Electric Company [Member]
   
Cash flows from operating activities    
Net income 178.2 183.9
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 221.6 214.9
Deferred income taxes 57.7 92.6
Investment tax credits (0.3) (0.2)
Allowance for other funds used during construction (4.3) (1.6)
(Loss) gain on sales of business/assets, pretax 0 (0.2)
Deferred recovery clauses (3.8) (3.7)
Receivables, less allowance for uncollectibles (61.5) (64.0)
Inventories (2.6) 5.8
Prepayments (5.1) (4.3)
Taxes accrued 89.6 78.2
Interest accrued 20.0 19.4
Accounts payable 6.2 22.9
Other 1.4 4.5
Cash flows from operating activities 497.1 548.2
Cash flows from investing activities    
Capital expenditures (353.1) (318.3)
Allowance for other funds used during construction 4.3 1.6
Net proceeds from sale of assets 0 0.3
Cash flows used in investing activities (348.8) (316.4)
Cash flows from financing activities    
Dividends (147.6) (149.5)
Proceeds from the sale of common stock 20.0 53.0
Proceeds from long-term debt issuance 0 538.3
Repayment of long-term debt/Purchase in lieu of redemption (51.6) (460.9)
Cash flows used in financing activities (179.2) (19.1)
Net (decrease) increase in cash and cash equivalents (30.9) 212.7
Cash and cash equivalents at beginning of the period 45.2 13.9
Cash and cash equivalents at end of the period $ 14.3 $ 226.6