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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 241.9 $ 337.4
Adjustments to reconcile net income to net cash provided from operating activities    
Depreciation and amortization 230.0 207.2
Deferred income taxes and investment tax credits, net 62.3 142.1
Equity in earnings of unconsolidated affiliates [1] 12.0 (131.9)
Distributions from unconsolidated affiliates 67.1 110.1
Allowance for equity funds used during construction (5.4) (3.0)
Stock-based compensation 3.8 (5.4)
Excess tax benefit on stock-based compensation (5.2) 0.0
Regulatory assets 12.7 1.6
Regulatory liabilities (13.9) (5.6)
Other assets 12.7 (18.8)
Other liabilities 0.1 24.8
Change in certain current assets and liabilities    
Accounts receivable, net (33.8) (58.8)
Accounts receivable - unconsolidated affiliates 0.5 5.5
Accrued unbilled revenues (22.4) (13.3)
Fuel, materials and supplies inventories (25.5) 33.5
Fuel clause under recoveries 66.7 (58.1)
Other current assets (8.9) (6.4)
Accounts payable (57.7) (100.7)
Fuel clause over recoveries 34.5 (0.4)
Other current liabilities 37.6 6.7
Net Cash Provided from Operating Activities 609.1 466.5
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (less allowance for equity funds used during construction) (375.0) (437.4)
Return of capital - equity method investments 36.9 9.5
Proceeds from sale of assets 2.2 0.6
Net Cash Used in Investing Activities (335.9) (427.3)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid on common stock (149.7) (134.3)
Proceeds from long-term debt 0.0 246.5
Issuance of common stock 7.2 10.1
Excess tax benefit on stock-based compensation 5.2 0.0
Payment of long-term debt (0.1) (140.1)
Decrease in short-term debt (98.0) (28.2)
Net Cash Used in Financing Activities (235.4) (46.0)
NET CHANGE IN CASH AND CASH EQUIVALENTS 37.8 (6.8)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 5.5 6.8
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 43.3 $ 0.0
[1] The Company recorded a $108.4 million pre-tax charge during the nine months ended September 30, 2015 for its share of Enable's goodwill impairment, as adjusted for the basis differences. See Note 3 of this Form 10-Q for further discussion of Enable's goodwill impairment.