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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 703 $ 686 $ 674
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 676 671 657
Deferred tax expense (benefit) and tax credits 14 13 (78)
Equity component of allowance for funds used during construction (74) (44) (18)
Other 35 27 35
Other changes in assets and liabilities:      
Accounts receivable (414) (672) (530)
Materials and supplies (62) (27) (13)
Regulatory assets 24 (108) 51
Derivative assets 149 (61) (142)
Accounts payable (122) 78 37
Regulatory liabilities (149) 22 (66)
Derivative liabilities 19 70 (17)
Deferred income taxes 84 4 193
Pension and other benefit obligations (28) (97) (137)
Other 12 (76) (64)
Net cash flows from operating activities 867 486 582
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (1,731) (1,392) (1,070)
Other construction and acquisition expenditures (123) (92) (99)
Cash receipts on sold receivables 453 598 502
Proceeds from sales of partial ownership interests in West Riverside 120 0 0
Other (120) (47) (61)
Net cash flows from (used for) investing activities (1,401) (933) (728)
Cash flows from (used for) financing activities:      
Common stock dividends (456) (428) (403)
Proceeds from issuance of common stock, net 246 25 28
Redemption of cumulative preferred stock of IPL 0 0 (200)
Proceeds from issuance of long-term debt 1,455 1,338 600
Payments to retire long-term debt (508) (633) (8)
Net change in commercial paper (167) 127 126
Other 3 2 (13)
Net cash flows from (used for) financing activities 573 431 130
Net increase (decrease) in cash, cash equivalents and restricted cash 39 (16) (16)
Cash, cash equivalents and restricted cash at beginning of period 24 40 56
Cash, cash equivalents and restricted cash at end of period 63 24 40
Supplemental cash flows information:      
Interest (378) (311) (272)
Income taxes, net 88 (6) (3)
Significant non-cash investing and financing activities:      
Accrued capital expenditures 364 382 141
Beneficial interest obtained in exchange for securitized accounts receivable 216 185 214
Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Supplemental cash flows information:      
Proceeds from renewable tax credits transferred to other corporate taxpayers 98    
IPL [Member]      
Cash flows from operating activities:      
Net income 366 360 365
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 388 381 375
Other (2) (21) (10)
Other changes in assets and liabilities:      
Accounts receivable (437) (611) (539)
Materials and supplies (39) (13) (7)
Regulatory assets 58 56 30
Derivative assets 84 (54) (55)
Accounts payable (68) 65 15
Regulatory liabilities (92) 53 1
Derivative liabilities (16) 42 (8)
Deferred income taxes 36 (24) 62
Pension and other benefit obligations (11) (65) (59)
Other (6) (86) (17)
Net cash flows from operating activities 261 83 153
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (712) (372) (384)
Cash receipts on sold receivables 453 598 502
Other (67) (11) (27)
Net cash flows from (used for) investing activities (326) 215 91
Cash flows from (used for) financing activities:      
Common stock dividends (280) (321) (400)
Capital contributions from parent 80 0 50
Redemption of cumulative preferred stock of IPL 0 0 (200)
Proceeds from issuance of long-term debt 296 0 300
Other 7 4 (10)
Net cash flows from (used for) financing activities 103 (317) (260)
Net increase (decrease) in cash, cash equivalents and restricted cash 38 (19) (16)
Cash, cash equivalents and restricted cash at beginning of period 15 34 50
Cash, cash equivalents and restricted cash at end of period 53 15 34
Supplemental cash flows information:      
Interest (150) (148) (138)
Income taxes, net 117 36 47
Significant non-cash investing and financing activities:      
Accrued capital expenditures 140 56 57
Beneficial interest obtained in exchange for securitized accounts receivable 216 185 214
IPL [Member] | Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Supplemental cash flows information:      
Proceeds from renewable tax credits transferred to other corporate taxpayers 76    
WPL [Member]      
Cash flows from operating activities:      
Net income 345 315 268
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 280 283 276
Deferred tax expense (benefit) and tax credits (13) 4 (79)
Equity component of allowance for funds used during construction (59) (36) (11)
Other 25 21 22
Other changes in assets and liabilities:      
Accounts receivable 23 (53) 3
Regulatory assets (34) (163) 21
Derivative assets 65 (7) (87)
Accounts payable (57) 22 4
Regulatory liabilities (57) (31) (67)
Deferred income taxes 50 32 132
Pension and other benefit obligations (19) (19) (63)
Other 29 (69) (48)
Net cash flows from operating activities 578 299 371
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (1,019) (1,020) (686)
Proceeds from sales of partial ownership interests in West Riverside 120 0 0
Other (47) (13) (30)
Net cash flows from (used for) investing activities (946) (1,033) (716)
Cash flows from (used for) financing activities:      
Common stock dividends (184) (176) (168)
Capital contributions from parent 245 530 245
Proceeds from issuance of long-term debt 297 588 300
Payments to retire long-term debt 0 (250) 0
Net change in commercial paper 28 54 (21)
Other (16) (9) (12)
Net cash flows from (used for) financing activities 370 737 344
Net increase (decrease) in cash, cash equivalents and restricted cash 2 3 (1)
Cash, cash equivalents and restricted cash at beginning of period 5 2 3
Cash, cash equivalents and restricted cash at end of period 7 5 2
Supplemental cash flows information:      
Interest (146) (111) (101)
Income taxes, net (50) (56) (38)
Significant non-cash investing and financing activities:      
Accrued capital expenditures 217 $ 319 $ 81
WPL [Member] | Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Supplemental cash flows information:      
Proceeds from renewable tax credits transferred to other corporate taxpayers $ 22